Littelfuse, Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 29, 2018; Provides Earnings Guidance for the Fourth Quarter of 2018 and Provides Tax Rate Guidance for the Full Year 2018
October 31, 2018 at 06:00 am EDT
Share
Littelfuse, Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended September 29, 2018. For the quarter, the company reported net sales of USD 439.191 million against USD 317.889 million a year ago. Operating income was USD 76.228 million against USD 58.609 million a year ago. Income before income taxes was USD 68.212 million against USD 55.523 million a year ago. Net income was USD 53.546 million against USD 42.808 million a year ago. Diluted earnings per share were USD 2.10 against USD 1.87 a year ago. Adjusted diluted earnings per share were USD 2.49 against USD 2.12 a year ago. Adjusted operating income was USD 87.4 million against USD 64.9 million a year ago. Adjusted EBITDA was USD 110.5 million against USD 80.9 million a year ago. Net cash provided by operating activities was USD 111.2 million against USD 87.7 million a year ago. Purchases of property, plant and equipment was USD 15.6 million against USD 20.2 million a year ago.
For the nine months, the company reported total net sales of USD 1,316.187 million against USD 916.685 million a year ago. Operating income was USD 173.421 million against USD 167.731 million a year ago. Income before income taxes was USD 165.175 million against USD 160.308 million a year ago. Net income was USD 131.9 million against USD 130.338 million a year ago. Diluted earnings per share were USD 5.23 against USD 5.69 a year ago. Net cash provided by operating activities was USD 252.116 million against USD 181.320 million a year ago. Purchases of property, plant and equipment was USD 55.946 million against USD 48.470 million a year ago. Adjusted diluted earnings per share were USD 7.57 against USD 5.93 a year ago. Adjusted operating income was USD 252.8 million against USD 175.8 million a year ago. Adjusted EBITDA was USD 320.2 million against USD 222.4 million a year ago.
For the fourth quarter of 2018, the company net sales are expected to be in the range of USD 408 to USD 420 million, up 36% on a reported basis and up 6% organically, at the midpoint versus the prior year quarter. Adjusted diluted earnings per share are expected to be in the range of USD 1.92 to USD 2.06, representing 10% growth over the prior year quarter at the midpoint. Adjusted effective tax rate is expected to be in the range of 20% – 21%.
For the 2018 full year, the company expects an adjusted effective tax rate of approximately 20%.
Littelfuse, Inc. is an industrial technology manufacturing company. It designs, manufactures, and sells electronic components, modules, and subassemblies throughout the world. Its segments include Electronics, Transportation and Industrial. Its Electronics segment consists of product offerings in the industry, including fuses and fuse accessories, positive temperature coefficient (PTC) resettable fuses and polymer electrostatic discharge (ESD); semiconductor products, such as discrete transient voltage suppressor (TVS) diodes, silicon and silicon carbide metal-oxide-semiconductor field effect transistors and diodes, and insulated gate bipolar transistors (IGBT) technologies. Its Transportation segment consists of circuit protection, power control and sensing technologies for global original equipment manufacturers. Its Industrial Segment consists of industrial circuit protection (industrial fuse), industrial controls (protection relay, contactors, transformers) and temperature sensors.
Littelfuse, Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 29, 2018; Provides Earnings Guidance for the Fourth Quarter of 2018 and Provides Tax Rate Guidance for the Full Year 2018
LITTELFUSE, INC. 
