Microvast Holdings announces departure of chief financial officer
CHICAGO - On Wednesday, Littelfuse , Inc. (NASDAQ:LFUS) reported second-quarter results that significantly exceeded analyst expectations, driven by strong growth across all business segments.
The electrical components manufacturer saw its shares climb 2.12% in pre-market trading after the release.
The company posted adjusted earnings per share of $2.85 for the second quarter, handily beating the analyst consensus of $2.33. Revenue reached $613 million, up 9.8% YoY and well above the $576.65 million analysts had expected. Organic growth contributed 6.2% to the revenue increase.
"Our Q2 results exceeded our expectations, driven by solid growth and operational execution across our businesses," said Greg Henderson, Littelfuse President and Chief Executive Officer.
The company’s adjusted EBITDA margin expanded to 21.4%, an improvement of 280 basis points compared to the same period last year. GAAP operating margin increased to 15.1%, up 340 basis points YoY.
By segment, Electronics revenue grew 9.8% to $335.7 million, Transportation revenue increased 6.2% to $179.4 million, and Industrial revenue surged 17.2% to $98.3 million compared to the second quarter of 2024.
Looking ahead, Littelfuse provided an upbeat outlook for the third quarter, projecting revenue between $610 million and $630 million and adjusted EPS between $2.65 and $2.85, both exceeding analyst estimates of $584.2 million and $2.49, respectively.
The company also announced a 7% increase in its quarterly dividend from $0.70 to $0.75 per share, representing an annualized dividend of $3.00 per share.
"We exited the quarter with strong bookings, and, into the third quarter, we are well positioned to drive continued growth while enhancing operational performance," Henderson added.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.