LITTELFUSE INC /DE

For the period ended Sep 27, 2025. Filed Oct 29, 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.

Sep 27, 2025 · Filed Oct 29, 2025

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

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Item 1. Financial Statements

CONDENSED CONSOLIDATED BALANCE SHEETS

(Unaudited)
(in thousands, except share and per share data)	September 27,2025	December 28,2024
ASSETS
Current assets:
Cash and cash equivalents (Note 1)	$814,733	$724,924
Short-term investments	290	976
Trade receivables, less allowances of $78,392 and $69,990 at September 27, 2025 and December 28, 2024, respectively	373,827	294,371
Inventories (Note 3)	396,871	416,273
Prepaid income taxes and income taxes receivable	11,253	11,749
Prepaid expenses and other current assets	77,509	103,716
Total current assets	1,674,483	1,552,009
Net property, plant, and equipment (Note 4)	513,965	477,068
Intangible assets, net of amortization (Note 5)	458,776	482,118
Goodwill (Note 5)	1,356,038	1,228,502
Investments	21,329	23,245
Deferred income taxes	5,712	4,899
Right of use lease assets	87,116	72,211
Other long-term assets	56,940	51,727
Total assets	$4,174,359	$3,891,779
LIABILITIES AND EQUITY
Current liabilities:
Accounts payable	$204,016	$188,359
Accrued liabilities (Note 6)	173,786	148,276
Accrued income taxes	24,302	29,658
Current portion of long-term debt (Note 8)	16,955	67,612
Total current liabilities	419,059	433,905
Long-term debt, less current portion (Note 8)	788,821	788,502
Deferred income taxes	103,917	95,532
Accrued post-retirement benefits	33,658	29,836
Non-current lease liabilities	73,415	60,559
Other long-term liabilities	83,374	69,833
Total liabilities	$1,502,244	$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, September 27, 2025–26,986,928; December 28, 2024–26,758,730	264	262
Additional paid-in capital	1,091,622	1,049,079
Treasury stock, at cost: 2,088,122 and 1,937,380 shares, respectively	(338,622)	(305,351)
Accumulated other comprehensive loss	(14,388)	(146,361)
Retained earnings	1,932,601	1,815,628
Littelfuse, Inc. shareholders’ equity	2,671,477	2,413,257
Non-controlling interest	638	355
Total equity	2,672,115	2,413,612
Total liabilities and equity	$4,174,359	$3,891,779

CONDENSED CONSOLIDATED STATEMENTS OF NET INCOME

	Three Months Ended		Nine Months Ended
(in thousands, except per share data)	September 27,2025	September 28,2024	September 27,2025	September 28,2024
Net sales	$624,640	$567,390	$1,792,360	$1,661,263
Cost of sales	383,652	351,498	1,112,062	1,050,559
Gross profit	240,988	215,892	680,298	610,704
Selling, general, and administrative expenses	99,570	83,897	282,795	263,395
Research and development expenses	27,332	26,470	79,781	81,283
Amortization of intangibles	15,037	15,864	44,220	47,418
Restructuring, impairment, and other charges	1,633	1,840	13,158	10,329
Total operating expenses	143,572	128,071	419,954	402,425
Operating income	97,416	87,821	260,344	208,279
Interest expense	8,578	9,772	26,021	29,358
Foreign exchange loss	175	9,630	15,466	4,273
Other income, net	(6,053)	(9,297)	(14,020)	(19,916)
Income before income taxes	94,716	77,716	232,877	194,564
Income taxes	25,194	19,658	62,442	42,588
Net income	$69,522	$58,058	$170,435	$151,976
Earnings per share:
Basic	$2.80	$2.34	$6.88	$6.12
Diluted	$2.77	$2.32	$6.82	$6.07
Weighted-average shares and equivalent shares outstanding:
Basic	24,837	24,796	24,786	24,822
Diluted	25,102	25,025	24,989	25,040

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

Three Months Ended · Nine Months Ended
(in thousands)	September 27, 2025	September 28, 2024	September 27, 2025	September 28,2024
Net income	$69,522	$58,058	$170,435	$151,976
Other comprehensive income (loss):
Pension and postemployment adjustments, net of tax	666	191	1,069	861
Cash flow hedges, net of tax	846	(8,297)	7,264	(6,389)
Foreign currency translation adjustments, net of tax	(5,049)	64,499	123,640	10,563
Comprehensive income	$65,985	$114,451	$302,408	$157,011

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

	Nine Months Ended
(in thousands)	September 27, 2025	September 28, 2024
OPERATING ACTIVITIES
Net income	$170,435	$151,976
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	56,379	51,025
Amortization of intangibles	44,220	47,418
Deferred revenue	2,814	(1,764)
Impairment charges	136	933
Stock-based compensation	21,733	21,428
Loss (gain) on investments and other assets	2,095	(1,947)
Deferred income taxes	490	(16,346)
Other	3,760	690
Changes in operating assets and liabilities:
Trade receivables	(64,552)	(50,672)
Inventories	33,567	19,865
Accounts payable	12,757	5,460
Accrued liabilities and income taxes	611	(19,434)
Prepaid expenses and other assets	10,654	(1,633)
Net cash provided by operating activities	295,099	206,999
INVESTING ACTIVITIES
Acquisitions of businesses, net of cash acquired	(57,417)	—
Purchases of property, plant, and equipment	(48,697)	(50,065)
Net proceeds from sale of property, plant and equipment, and other	6,413	8,931
Net cash used in investing activities	(99,701)	(41,134)
FINANCING ACTIVITIES
Payments of senior notes payable	(50,000)	—
Repayments of other debts	(2,099)	(2,037)
Payments of term loan	(11,250)	(3,750)
Net proceeds related to stock-based award activities	17,939	5,037
Repurchases of common stock, with excise tax	(27,553)	(40,862)
Cash dividends paid	(53,311)	(49,687)
Net cash used in financing activities	(126,274)	(91,299)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash	20,868	(396)
Increase in cash, cash equivalents, and restricted cash	89,992	74,170
Cash, cash equivalents, and restricted cash at beginning of period	726,437	557,123
Cash, cash equivalents, and restricted cash at end of period	$816,429	$631,293
Supplementary Cash Flow Information
Reconciliation of cash and cash equivalents:
Cash and cash equivalents	$814,733	$629,670
Restricted cash included in other long-term assets	1,696	1,623
Cash paid during the period for interest	28,955	30,094
Capital expenditures, not yet paid	8,116	9,217

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 income, 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
Excise tax adjustment on stock options exercised	—	—	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
Net income	—	—	—		—		69,522		—	69,522
Other comprehensive loss, net of tax	—	—	—		(3,537)		—		—	(3,537)
Stock-based compensation	—	8,286	—		—		—		—	8,286
Non-controlling interest				(24)		23		(1)
Withheld shares on restricted share units for withholding taxes	—	—	(1,824)		—		—		—	(1,824)
Stock options exercised	1	19,208						19,209
Excise tax adjustment on stock options exercised	—	—	129		—		—		—	129
Cash dividends paid ($0.75 per share)	—	—	—		—		(18,634)		—	(18,634)
Balance at September 27, 2025	$264	$1,091,622	$(338,622)		$(14,388)		$1,932,601		$638	$2,672,115

	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
Net income	—	—	—	—	58,058	—	58,058
Other comprehensive gain, net of tax	—	—	—	56,393	—	—	56,393
Stock-based compensation	—	4,540	—	—	—	—	4,540
Non-controlling interest	—	—	—	—	(82)	(38)	(120)
Withheld shares on restricted share units for withholding taxes	—	—	(188)	—	—	—	(188)
Stock options exercised	—	6,222	—	—	—	—	6,222
Excise tax adjustment on stock options exercised	—	—	65	—	—	—	65
Cash dividends paid ($0.70 per share)	—	—	—	—	(17,357)	—	(17,357)
Balance at September 28, 2024	$262	$1,043,736	$(305,259)	$(50,782)	$1,884,823	$320	$2,573,100

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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.