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Littelfuse’s $409 Million Cash Flow Story — Can Data Centers Fuel the Next Growth Wave?

Littelfuse Inc. reported strong financial results for the third quarter, marked by record net sales of $767 million, representing 22% organic growth year-over-year. The quarter included a one-time $28.5 million contract amendment fee related to the Dortmund semiconductor facility, which affected semiconductor sales. Adjusted earnings per share reached a company record of $5.79, reflecting a 96% increase compared to the previous year. Adjusted EBITDA totaled $226 million with a margin expansion of 96 basis points to 28.4%. Free cash flow rose by 66% year-to-date, reaching $409 million, supported by robust operational execution and volume leverage. Revenue performance was broad-based across Littelfuse’s end markets, including computing, communications, diversified industrials (CCDI), energy and industrial infrastructure (EII), and transportation and logistics (TNL). Growth was driven notably by demand in data centers, medical, aerospace and defense, grid modernization, battery energy storage, and commercial vehicles.