Littelfuse Inc (STU:LFS)
€ 220 -8 (-3.51%) Market Cap: 5.57 Bil Enterprise Value: 5.87 Bil PE Ratio: 29.64 PB Ratio: 2.22 GF Score: 34/100
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Q3 2024 Littelfuse Inc Earnings Call Transcript

Oct 30, 2024 / 02:00PM GMT
Release Date Price: €230

Key Points

Positve
  • Littelfuse Inc (LFUS) exceeded its sales and earnings guidance for the third quarter, demonstrating strong execution and resilience in a challenging environment.
  • The company reported strong free cash flow and maintains a well-positioned balance sheet to support its long-term growth strategy.
  • Littelfuse Inc (LFUS) secured meaningful new business wins across various segments, including data centers, gaming, medical, and telecom applications.
  • The company observed growth in its industrial segment, driven by strong demand in industrial safety, HVAC, and data center applications.
  • Littelfuse Inc (LFUS) continues to focus on operational excellence and cost reduction initiatives, contributing to margin improvements across its segments.
Negative
  • The company observed cautious customer ordering patterns and challenging end market conditions, particularly in Europe and China.
  • Littelfuse Inc (LFUS) expects fourth-quarter sales to be sequentially lower due to typical seasonality and ongoing muted demand trends.
  • The electronics segment experienced a decline in sales, particularly in semiconductor products, which were down 21% year-over-year.
  • The transportation segment faced a 3% decline in sales, impacted by pruning actions and ongoing end market weakness.
  • The industrial segment is experiencing continued soft demand trends, particularly in industrial equipment and factory automation applications.
Operator

Good day, everyone, and welcome to the Littelfuse Third Quarter 2024 earnings conference call. Today's call is being recorded.

At this time, I will turn the call over to Head of Investor Relations, David Kelly. Please proceed.

David Kelley
Littelfuse Inc - Head of Investor Relations

Good morning, and welcome to the Littelfuse Third Quarter 2024 earnings conference call. With me today are David Heinzmann, President and CEO, and Meenal Sethna, Executive Vice President and CFO. Yesterday, we reported results for our third quarter and a copy of our earnings release and slide presentation is available in the Investor Relations section of our website.

A webcast of today's conference call will also be available on our website. Please advance to slide 2 for disclaimers. Our discussions today will include forward looking statements. These forward-looking statements may involve significant risks and uncertainties.

Please review yesterday's press release and our Form 10 K and 10 Q for more detail about important risks that could cause actual

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