LITTELFUSE INC /DE

Listed Company

LFUSCIK 0000889331NasdaqLarge AcceleratedSwitchgear & Switchboard ApparatusDelawareFY ends Dec 26

Period

FY 2025

Revenue

—

Net Income

$-71.70M

Total Assets

$3.96B

Equity

$2.43B

Shares Out

25.11M

Op. Cash Flow

$433.76M

Business

LITTELFUSE INC /DE is a diversified industrial technology manufacturing company that designs, manufactures and sells electronic components, modules and subassemblies to enable sustainability, connectivity and safety across multiple end markets. It offers circuit protection, power control and sensing products including fuses, PTC resettable fuses, electromechanical switches, ESD suppressors, varistors, gas discharge tubes, semiconductor devices (TVS diodes, MOSFETs, IGBTs, diodes) and industrial relays and controls. The company operates through three reportable segments: Electronics, Transportation, and Industrial. Its products are sold worldwide to OEMs, distributors and manufacturers’ representatives across the Americas, Asia‑Pacific and Europe.

Summary from filing dated 2025-03-13

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net sales	2,386	2,191	2,363	2,514	2,080
Cost of sales	1,480	1,403	1,462	1,507	1,308
Gross profit	906	788	900	1,007	772
Selling, general, and administrative expenses	382	350	355	345	275
Research and development expenses	107	108	102	96	66
Amortization of intangibles	60	62	66	56	43
Restructuring, impairment, and other charges	320	108	17	10	2
Total operating expenses	869	629	539	506	386
Operating income	38	159	361	501	386
Interest expense	34	39	40	26	—
Foreign exchange loss (gain)	−17	9	−12	−24	17
Other income, net	−17	−23	−20	7	9
Income before income taxes	4	152	329	443	341
Income taxes	75	52	69	70	57
Net (loss) income	−72	100	259	373	284
Basic (in dollars per share)	−2.89	4.04	10.44	15.09	11.54
Diluted (in dollars per share)	−2.89	4	10.34	14.94	11.38
Basic (in shares)	25	25	25	25	25
Diluted (in shares)	25	25	25	25	25

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents (Note 1)	563	725	556	563	478
Short-term investments	287,000	976,000	235,000	84,000	28,000
Trade receivables, less allowances of $77,073 and $69,990, respectively	363	294	287	307	275
Inventories (Note 3)	416	416	475	548	446
Prepaid income taxes and income taxes receivable	6	12	9	7	2
Prepaid expenses and other current assets	86	104	83	88	69
Total current assets	1,435	1,552	1,409	1,512	1,270
Net property, plant, and equipment (Note 4)	541	477	493	481	438
Intangible assets, net of amortization (Note 5)	595	482	606	594	407
Goodwill (Note 5)	1,211	1,229	1,310	1,187	930
Investments (Note 1)	20	23	25	24	39
Deferred income taxes (Note 14)	5	5	10	14	13
Right of use lease assets (Note 7)	86	72	62	57	30
Other long-term assets	63	52	80	34	25
Total assets	3,957	3,892	3,995	3,904	3,152
Accounts payable	211	188	174	209	222
Accrued liabilities (Note 6)	199	148	149	187	160
Accrued income taxes	26	30	39	42	28
Current portion of long-term debt (Note 9)	96	68	14	135	25
Total current liabilities	533	434	375	572	435
Long-term debt, less current portion (Note 9)	706	789	858	867	612
Deferred income taxes (Note 14)	102	96	111	100	81
Accrued post-retirement benefits (Note 11)	39	30	34	28	37
Non-current lease liabilities (Note 7)	72	61	49	46	22
Other long-term liabilities	79	70	87	80	71
Total liabilities	1,531	1,478	1,515	1,692	—
Commitments and contingencies (Note 17)	—	—	—	—	—
Common stock, par value $0.01 per share: 34,000,000 shares authorized; shares issued, 27,014,490 and 26,758,730, respectively	264,000	262,000	262,000	261,000	260,000
Additional paid-in capital	1,098	1,049	1,012	974	947
Treasury stock, at cost: 2,088,409 and 1,937,380 shares, respectively	−339	−305	−259	−253	−248
Accumulated other comprehensive loss	−5	−146	−56	−96	−73
Retained earnings	1,672	1,816	1,783	1,585	1,268
Littelfuse, Inc. shareholders equity	2,426	2,413	2,480	2,211	1,893
Non-controlling interest	0	355,000	312,000	184,000	131,000
Total equity	2,426	2,414	2,480	2,211	1,894
Total liabilities and equity	3,957	3,892	3,995	3,904	3,152

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation	75	68	72	65	56
Impairment charges	302	94	5	5	0
Deferred revenue	2	−2	2	115,000	−3
Stock-based compensation	27	26	24	24	20
Loss (gain) on investments and other assets	4	−112,000	291,000	14	−9
Deferred income taxes	3	−3	46,000	−22	−8
Other	5	−8	5	33	20
Trade receivables	−36	−15	25	−19	−10
Inventories	40	47	82	−89	−105
Accounts payable	11	16	−36	−22	40
Accrued liabilities and income taxes	4	−35	−61	−9	31
Prepaid expenses and other assets	8	17	14	−2	−14
Net cash provided by operating activities	434	368	457	420	373
Acquisitions of businesses, net of cash acquired	−408	0	−199	−533	−424
Purchases of property, plant, and equipment	−68	−76	−86	−104	−91
Net proceeds from sale of property, plant, equipment, and other	6	11	832,000	676,000	15
Other	689,000	−741,000	−151,000	−62,000	−390,000
Net cash used in investing activities	−469	−66	−284	−636	−499
Payments of senior notes payable	−50	0	−121	−25	0
Repayments of other debts	−3	−3	−3	−2	−3
Payments of term loan	−15	−8	−8	−4	0
Net proceeds related to stock-based award activities	23	6	8	−862,000	13
Cash dividends paid	−72	−67	−62	−56	−50
Purchases of common stock	−28	−41	0	0	0
Other	−5	0	0	—	—
Net cash used in financing activities	−149	−112	−186	310	−69
Effect of exchange rate changes on cash, cash equivalents, and restricted cash	23	−20	5	−11	−10
(Decrease) increase in cash, cash equivalents, and restricted cash	−161	169	−8	82	−205
Cash paid during the period for interest	34	36	37	25	17
Cash paid during the period for income taxes, net of refunds	82	84	74	94	56
Capital expenditures, not yet paid	9	12	9	12	12

Filings

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