littelfuse.Reports First Quarter Results For 2021

通过强大的全球执行驱动的记录销售

CHICAGO,四月28, 2021 Littelfuse,Inc。(NASDAQ: LFUS), an industrial technology manufacturing company empowering a sustainable, connected, and safer world, today reported financial results for the first quarter ended 2021年3月27日:

  • Net sales of $463.8 millionwere up 34% versus the prior year period, and up 26% organically, due to strong demand across a number of electronics, automotive and industrial end markets
  • 分部的增长与前一年的期间:
    • Electronics sales grew 34% (up 32% organically)
    • Automotive sales grew 23% (up 17% organically)
    • Industrial sales grew 80% (up 10% organically)
  • GAAP稀释的EPS是 $ 2.32; adjusted diluted EPS was $2.67, a growth of 107% and includes 0.54美元与前一年相比,与非经营标志市场收益和较低有效税率相关的福利
  • GAAP effective tax rate was 20.6% and the adjusted effective tax rate was 19.2%
  • Cash flow from operations was $50.2 millionand free cash flow was $35.4 million

“我们今年的强劲开始,在期望之前提供了两位数的收入和EPS增长,” Dave Heinzmann, littelfuse.President and Chief Executive Officer. “Our agile teams around the world continue to navigate through this dynamic market environment while meeting commitments to our customers. Looking ahead, we are seeing healthy demand across a number of our end markets aligned to the strategic, structural growth themes of a sustainable, connected, and safer world. We remain confident we are well-positioned for long-term profitable growth”

Second Quarter of 2021*

For the second quarter, the company expects net sales in the range of $463to $477百万,调整后稀释每股收益在 2.12美元to 2.28美元and an adjusted effective tax rate of approximately 17%.

* littelfuse.provides guidance on a non-GAAP (adjusted) basis. GAAP items excluded from guidance may include the after-tax impact of items including acquisition and integration costs, restructuring, impairment and other charges, certain purchase accounting adjustments, non-operating foreign exchange adjustments and significant and unusual items. These items are uncertain, depend on various factors, and could be material to results computed in accordance with GAAP. littelfuse.无法预测排除的物品,以便提供最直接的GAAP金融措施,没有不合理的努力。

股息和股票回购授权

  • The company’s Board of Directors approved a new stock repurchase authorization to replace its previous 2020 program. The company may repurchase up to $300 million in the aggregate of shares of the company’s common stock for the period May 1, 2021 to April 30, 2024.
  • The company will pay a cash dividend on its common stock of 0.48美元每股6月3日,2021年至2021年至5月20日至5月20日的股东

电话会议和网络广播信息

littelfuse.will host a conference call today, Wednesday, April 28, 2021, at 上午9点。中央时间to discuss the results. The call will be broadcast live and available for replay atlittelfuse.com.。幻灯片演示文稿将在公司网站的投资者关系部分提供littelfuse.com.

About littelfuse.

littelfuse.(NASDAQ: LFUS)is an industrial technology manufacturing company empowering a sustainable, connected, and safer world. Across more than 15 countries, and with 12,000 global associates, we partner with customers to design and deliver innovative, reliable solutions. Serving over 100,000 end customers, our products are found in a variety of industrial, transportation and electronics end markets – everywhere, every day. Learn more atlittelfuse.com.

1995年私营证券诉讼改革法案下的“安全港”声明

The statements in this press release that are not historical facts are intended to constitute "forward-looking statements" entitled to the safe-harbor provisions of the Private Securities Litigation Reform Act. These statements may involve risks and uncertainties, including, but not limited to, risks and uncertainties relating to general economic conditions; the severity and duration of the COVID-19 pandemic and the measures taken in response thereto and the effects of those items on the company’s business; product demand and market acceptance; the impact of competitive products and pricing; product quality problems or product recalls; capacity and supply difficulties or constraints; coal mining exposures reserves; failure of an indemnification for environmental liability; exchange rate fluctuations; commodity and other raw material price fluctuations; the effect of Littelfuse, Inc.'s ("Littelfuse" or the "Company") accounting policies; labor disputes; restructuring costs in excess of expectations; pension plan asset returns less than assumed; integration of acquisitions; uncertainties related to political or regulatory changes; and other risks which may be detailed in the company's Securities and Exchange Commission filings.

Should one or more of these risks or uncertainties materialize or should the underlying assumptions prove incorrect, actual results and outcomes may differ materially from those indicated or implied in the forward-looking statements. This release should be read in conjunction with information provided in the financial statements appearing in the company's Annual Report on Form 10-K for the year ended December 26, 2020. Further discussion of the risk factors of the company can be found under the caption "Risk Factors" in the company's Annual Report on Form 10-K for the year ended December 26, 2020 and in other filings and submissions with the SEC, each of which are available free of charge on the company’s investor relations website atInvestor.littelfuse.com.and on the SEC’s website atwww.sec.gov。这些前瞻性陈述是截至目前的日期。本公司不承担更新,修改或澄清这些前瞻性陈述的任何义务,以反映在此之日之后或反映新信息的可用性后反映事件或情况。

非公认会计原则财务指标

The information included in this press release includes the non-GAAP financial measures of organic net sales growth, adjusted operating income, adjusted operating margin, adjusted EBITDA, adjusted EBITDA margin, adjusted diluted earnings per share, adjusted income taxes, adjusted effective tax rate, free cash flow, consolidated total gross debt, consolidated EBITDA (as defined in the private placement senior notes), and ratio of consolidated total gross debt to consolidated EBITDA. Many of these non-GAAP financial measures exclude the effect of certain expenses and income not related directly to the underlying performance of our fundamental business operations.

A reconciliation of these non-GAAP financial measures to the most directly comparable GAAP financial measures is set forth in the attached schedules.

该公司认为,有机净销售额的增长, adjusted operating income, adjusted operating margin, adjusted EBITDA, adjusted EBITDA margin, adjusted diluted earnings per share, adjusted income taxes, and adjusted effective tax rate provide useful information to investors regarding its operational performance because they enhance an investor’s overall understanding of our core financial performance and facilitate comparisons to historical results of operations, by excluding items that are not related directly to the underlying performance of our fundamental business operations or were not part of our business operations during a comparable period. The company believes that free cash flow is a useful measure of its ability to generate cash. The company believes that consolidated total gross debt, consolidated EBITDA, and ratio of consolidated total gross debt to consolidated EBITDA are useful measures of its credit position. The company believes that all of these non-GAAP financial measures are commonly used by financial analysts and others in the industries in which we operate, and thus further provide useful information to investors. Management additionally uses these measures when assessing the performance of the business and for business planning purposes. Note that our definitions of these non-GAAP financial measures may differ from those terms as defined or used by other companies.

LFUS.-F

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