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Stock impact report

Littelfuse Reports Fourth Quarter and Full Year Results For 2019

Littelfuse, Inc. (LFUS) 
Last littelfuse, inc. earnings: 4/29 06:00 am Check Earnings Report
US:NASDAQ Investor Relations: investor.littelfuse.com/events.cfm
Company Research Source: Business Wire
CHICAGO--(BUSINESS WIRE)--Littelfuse, Inc. (NASDAQ: LFUS), a global manufacturer of leading technologies in circuit protection, power control and sensing, today reported financial results for the fourth quarter and full year ended December 28, 2019:Fourth Quarter 2019 ResultsNet sales of $338.5 million were down 16% versus the prior year period, and down 14% organically, primarily due to ongoing global trade uncertainties, excess electronics channel inventories and declines in global auto productionSegment performance versus the prior year period:Electronics sales decreased 21% (down 19% organically)Automotive sales decreased 9% (down 8% organically)Industrial sales increased 7% (up 7% organically)GAAP diluted EPS was $0.92; adjusted diluted EPS was $1.17, which included an $0.11 benefit related to a lower effective tax rate versus the forecasted rate, partially offset by a $0.06 currency headwindFull Year 2019 ResultsNet sales of $1.50 billion were down 13% versus the prior year Show less Read more
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