LITTELFUSE INC /DE

For the period ended Jun 28, 2025. Filed Jul 30, 2025.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Jun 28, 2025 · Filed Jul 30, 2025

LFUS$385.63+8.4%Stored close · as of Nov 9, 2026

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Contents

Item 1. Financial Statements

CONDENSED CONSOLIDATED BALANCE SHEETS

(Unaudited)
(in thousands, except share and per share data)	June 28,2025	December 28,2024
ASSETS
Current assets:
Cash and cash equivalents (Note 1)	$685,184	$724,924
Short-term investments	298	976
Trade receivables, less allowances of $73,121 and $69,990 at June 28, 2025 and December 28, 2024, respectively	363,574	294,371
Inventories (Note 3)	412,164	416,273
Prepaid income taxes and income taxes receivable	9,018	11,749
Prepaid expenses and other current assets	71,812	103,716
Total current assets	1,542,050	1,552,009
Net property, plant, and equipment (Note 4)	516,517	477,068
Intangible assets, net of amortization (Note 5)	474,177	482,118
Goodwill (Note 5)	1,359,422	1,228,502
Investments	21,602	23,245
Deferred income taxes	6,304	4,899
Right of use lease assets	89,161	72,211
Other long-term assets	56,648	51,727
Total assets	$4,065,881	$3,891,779
LIABILITIES AND EQUITY
Current liabilities:
Accounts payable	$181,902	$188,359
Accrued liabilities (Note 6)	154,531	148,276
Accrued income taxes	25,617	29,658
Current portion of long-term debt (Note 8)	17,692	67,612
Total current liabilities	379,742	433,905
Long-term debt, less current portion (Note 8)	792,524	788,502
Deferred income taxes	103,285	95,532
Accrued post-retirement benefits	33,179	29,836
Non-current lease liabilities	75,543	60,559
Other long-term liabilities	82,643	69,833
Total liabilities	$1,466,916	$1,478,167
Commitments and contingencies (Note 15)
Shareholders’ equity:
Common stock, par value $0.01 per share: 34,000,000 shares authorized; shares issued, June 28, 2025–26,861,528; December 28, 2024–26,758,730	263	262
Additional paid-in capital	1,064,128	1,049,079
Treasury stock, at cost: 2,080,876 and 1,937,380 shares, respectively	(336,927)	(305,351)
Accumulated other comprehensive loss	(10,851)	(146,361)
Retained earnings	1,881,737	1,815,628
Littelfuse, Inc. shareholders’ equity	2,598,350	2,413,257
Non-controlling interest	615	355
Total equity	2,598,965	2,413,612
Total liabilities and equity	$4,065,881	$3,891,779

CONDENSED CONSOLIDATED STATEMENTS OF NET INCOME

	Three Months Ended		Six Months Ended
(in thousands, except per share data)	June 28,2025	June 29,2024	June 28,2025	June 29,2024
Net sales	$613,413	$558,489	$1,167,720	$1,093,874
Cost of sales	381,359	351,485	728,410	699,062
Gross profit	232,054	207,004	439,310	394,812
Selling, general, and administrative expenses	95,517	93,371	183,225	179,498
Research and development expenses	26,401	27,146	52,449	54,813
Amortization of intangibles	14,852	15,729	29,183	31,554
Restructuring, impairment, and other charges	2,506	5,252	11,525	8,489
Total operating expenses	139,276	141,498	276,382	274,354
Operating income	92,778	65,506	162,928	120,458
Interest expense	8,568	9,975	17,443	19,586
Foreign exchange loss (gain)	10,448	(315)	15,291	(5,357)
Other income, net	(4,452)	(5,298)	(7,967)	(10,619)
Income before income taxes	78,214	61,144	138,161	116,848
Income taxes	20,872	15,678	37,248	22,930
Net income	$57,342	$45,466	$100,913	$93,918
Earnings per share:
Basic	$2.32	$1.83	$4.08	$3.78
Diluted	$2.30	$1.82	$4.05	$3.75
Weighted-average shares and equivalent shares outstanding:
Basic	24,755	24,822	24,760	24,867
Diluted	24,905	25,030	24,938	25,075

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

	Three Months Ended		Six Months Ended
(in thousands)	June 28,2025	June 29,2024	June 28,2025	June 29,2024
Net income	$57,342	$45,466	$100,913	$93,918
Other comprehensive income (loss):
Pension and postemployment adjustments, net of tax	184	326	403	670
Cash flow hedges, net of tax	5,830	(18)	6,418	1,908
Foreign currency translation adjustments, net of tax	91,899	(21,375)	128,689	(53,936)
Comprehensive income	$155,255	$24,399	$236,423	$42,560

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

	Six Months Ended
(in thousands)	June 28, 2025	June 29, 2024
OPERATING ACTIVITIES
Net income	$100,913	$93,918
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	37,805	33,719
Amortization of intangibles	29,183	31,554
Deferred revenue	2,844	(1,272)
Impairment charges	136	933
Stock-based compensation	13,447	16,888
Loss on investments and other assets	2,027	1,148
Deferred income taxes	(807)	(12,427)
Other	2,123	2,618
Changes in operating assets and liabilities:
Trade receivables	(52,635)	(36,474)
Inventories	23,316	16,241
Accounts payable	(7,001)	6,819
Accrued liabilities and income taxes	(14,425)	(28,829)
Prepaid expenses and other assets	11,299	1,738
Net cash provided by operating activities	148,225	126,574
INVESTING ACTIVITIES
Acquisitions of businesses, net of cash acquired	(57,417)	—
Purchases of property, plant, and equipment	(32,999)	(34,674)
Net proceeds from sale of property, plant and equipment, and other	712	7,997
Net cash used in investing activities	(89,704)	(26,677)
FINANCING ACTIVITIES
Payments of senior notes payable	(50,000)	—
Repayments of other debts	(1,365)	(1,351)
Payments of term loan	(7,500)	(3,750)
Net proceeds (payments) related to stock-based award activities	552	(997)
Repurchases of common stock, with excise tax	(27,553)	(40,862)
Cash dividends paid	(34,677)	(32,330)
Net cash used in financing activities	(120,543)	(79,290)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash	22,468	(14,434)
(Decrease) increase in cash, cash equivalents, and restricted cash	(39,554)	6,173
Cash, cash equivalents, and restricted cash at beginning of period	726,437	557,123
Cash, cash equivalents, and restricted cash at end of period	$686,883	$563,296
Supplementary Cash Flow Information
Reconciliation of cash and cash equivalents:
Cash and cash equivalents	$685,184	$561,742
Restricted cash included in other long-term assets	1,699	1,554
Cash paid during the period for interest	17,834	19,621
Capital expenditures, not yet paid	5,514	8,386

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY

	Littelfuse, Inc. Shareholders’ Equity
(in thousands, except share and per share data)	Common Stock	Addl. Paid in Capital	Treasury Stock	Accum. Other Comp. Income (Loss)	Retained Earnings	Non-controlling Interest	Total
Balance at December 28, 2024	$262	$1,049,079	$(305,351)	$(146,361)	$1,815,628	$355	$2,413,612
Net income	—	—	—	—	43,571	—	43,571
Other comprehensive income, net of tax	—	—	—	37,597	—	—	37,597
Stock-based compensation	—	4,855	—	—	—	—	4,855
Non-controlling interest	—	—	—	—	(70)	70	—
Withheld shares on restricted share units for withholding taxes	—	—	(62)	—	—	—	(62)
Stock options exercised	—	2,143	—	—	—	—	2,143
Repurchases of common stock, with excise tax	—	—	(27,626)	—	—	—	(27,626)
Cash dividends paid ($0.70 per share)	—	—	—	—	(17,335)	—	(17,335)
Balance at March 29, 2025	$262	$1,056,077	$(333,039)	$(108,764)	$1,841,794	$425	$2,456,755
Net income	—	—	—	—	57,342	—	57,342
Other comprehensive loss, net of tax	—	—	—	97,913	—	—	97,913
Stock-based compensation	—	8,592	—	—	—	—	8,592
Non-controlling interest	—	(3,023)	—	—	(57)	190	(2,890)
Withheld shares on restricted share units for withholding taxes	—	—	(4,011)	—	—	—	(4,011)
Stock options exercised	1	2,482	—	—	—	—	2,483
Repurchase of common stock, with excise tax	—	—	123	—	—	—	123
Cash dividends paid ($0.70 per share)	—	—	—	—	(17,342)	—	(17,342)
Balance at June 28, 2025	$263	$1,064,128	$(336,927)	$(10,851)	$1,881,737	$615	$2,598,965

	Littelfuse, Inc. Shareholders’ Equity
(in thousands, except share and per share data)	Common Stock	Addl. Paid in Capital	Treasury Stock	Accum. Other Comp. Loss	Retained Earnings	Non-controlling Interest	Total
Balance at December 30, 2023	$262	$1,012,325	$(259,263)	$(55,817)	$1,782,662	$312	$2,480,481
Net income	—	—	—	—	48,452	—	48,452
Other comprehensive loss, net of tax	—	—	—	(30,291)	—	—	(30,291)
Stock-based compensation	—	3,617	—	—	—	—	3,617
Non-controlling interest	—	—	—	—	2	(2)	—
Withheld shares on restricted share units for withholding taxes	—	—	(4)	—	—	—	(4)
Stock options exercised	—	1,369	—	—	—	—	1,369
Repurchases of common stock, with excise tax	—	—	(16,131)	—	—	—	(16,131)
Cash dividends paid ($0.65 per share)	—	—	—	—	(16,200)	—	(16,200)
Balance at March 30, 2024	$262	$1,017,311	$(275,398)	$(86,108)	$1,814,916	$310	$2,471,293
Net income	—	—	—	—	45,466	—	45,466
Other comprehensive loss, net of tax	—	—	—	(21,067)	—	—	(21,067)
Stock-based compensation	—	13,271	—	—	—	—	13,271
Non-controlling interest	—	—	—	—	(48)	48	—
Withheld shares on restricted share units for withholding taxes	—	—	(4,754)	—	—	—	(4,754)
Stock options exercised	—	2,392	—	—	—	—	2,392
Repurchases of common stock, with excise tax	—	—	(24,984)	—	—	—	(24,984)
Cash dividends paid ($0.65 per share)	—	—	—	—	(16,130)	—	(16,130)
Balance at June 29, 2024	$262	$1,032,974	$(305,136)	$(107,175)	$1,844,204	$358	$2,465,487

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.