Littelfuse Reports Strong First Quarter 2025 Results Driven by Industrial and Electronics Segments
Chicago – Littelfuse, Inc. (NASDAQ: LFUS) announced its financial results for the first quarter of 2025, highlighting robust growth across its Electronics and Industrial segments, improved margins, and continued returns to shareholders.
Q1 2025 Key Results:
Net sales reached $554 million, up 3.5%, with 2.9% organic growth
GAAP diluted EPS was $1.75; adjusted EPS rose 24% to $2.19
Free cash flow increased 3% to $43 million, with 98% cash conversion
Returned $45 million to shareholders via dividends and repurchases
CEO Greg Henderson emphasized that the company outperformed expectations thanks to recovering demand in Electronics and strong Industrial growth. Littelfuse also cited improved bookings and a flexible operating model as key supports amid ongoing macro uncertainty.
Segment Performance:
Electronics: $307M in sales (+5.5%), operating margin expanded to 15.2%
Industrial: $85M in sales (+15.3%), operating margin surged to 15.3%
Transportation: $162M in sales (-5%), affected by weaker volumes
Adjusted EBITDA grew to $111.5 million, up from $91.3 million in the prior year, with a 20.1% adjusted EBITDA margin.
Q2 2025 Guidance (Non-GAAP):
Net sales: $565M – $595M
Adjusted EPS: $2.10 – $2.40
Tax rate: 23% – 25%
Littelfuse will pay a dividend of $0.70 per share on June 5 to shareholders of record as of May 22.
Balance Sheet and Leverage:
Cash and equivalents: $619M
Total debt: $805.7M
Net leverage ratio: 1.3x, well below covenant thresholds
