Littelfuse Posts $766.7M in Third-Quarter Sales
LFUS sits 59% above its 52-week low of $233.36 on elevated volume (1.9× avg).
Summary
Littelfuse reported third-quarter sales of $766.7M, up 23% on electronics segment strength, against a strong Q2 baseline when the company posted 20% revenue growth and adjusted EPS of $4.19. The quarter also brought net income of $115.4M and EPS of $4.49, and the company guided fourth-quarter revenue up about 28% year over year. The release was accompanied by 8-K filings covering operations and financial condition and Regulation FD. This follows a stretch of governance and structural news, including the September 16 8-K on Deepak Nayar's transition out of the Electronics GM role and the September 17 amendment to the DoSemi/Elmos agreements.
At the time of this announcement, LFUS was trading at $372.10 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $9.7B. The 52-week trading range was $233.36 to $500.57. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.