SKU: LFUS-1 Category:


Littelfuse, Inc.: Will Its Increased Design Win Momentum Last? 


Littelfuse, a global leader in circuit protection, reported its first quarter 2024 results which reflect a balanced narrative of progressing through challenges while capitalizing on long-term growth opportunities. The company continues to execute its strategies amid an evolving macroeconomic context, emphasizing diversification and operational efficiency which has been pivotal in navigating high inflation and uncertain market conditions. Littelfuse reported a drop in revenue by 12% year-over-year, attributing much of this decline to ongoing inventory adjustments across its channels and weaker end-market demands particularly noted in the Electronics and Industrial segments. This was paralleled by a substantial reduction in sales contributing to the product pruning efforts aiming to optimize the product portfolio. Despite these reductions, the company managed a notable operative performance with GAAP operating margins at 10.3% and adjusted operating margins at 11%. The earnings per share on a GAAP basis stood at $1.93, with adjusted diluted EPS at $1.76, demonstrating resilience in Littelfuse’s profitability metrics amidst declining revenues.

Our Report Structure:

⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures

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