LITTELFUSE INC /DE

For the period ended Mar 28, 2026. Filed May 6, 2026.

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.

Mar 28, 2026 · Filed May 6, 2026

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)	March 28,2026	December 27,2025
ASSETS
Current assets:
Cash and cash equivalents (Note 1)	$481,697	$563,391
Short-term investments	279	287
Trade receivables, less allowances of $79,896 and $77,073 at March 28, 2026 and December 27, 2025, respectively	380,963	363,215
Inventories (Note 3)	418,922	416,472
Prepaid income taxes and income taxes receivable	5,240	6,137
Prepaid expenses and other current assets	89,135	85,832
Total current assets	1,376,236	1,435,334
Net property, plant, and equipment (Note 4)	533,528	540,640
Intangible assets, net of amortization (Note 5)	570,025	594,907
Goodwill (Note 5)	1,209,792	1,211,411
Investments	19,524	20,010
Deferred income taxes	5,471	5,255
Right of use lease assets	82,520	86,263
Other long-term assets	60,455	62,976
Total assets	$3,857,551	$3,956,796
LIABILITIES AND EQUITY
Current liabilities:
Accounts payable	$222,666	$211,079
Accrued liabilities (Note 6)	170,787	199,271
Accrued income taxes	33,354	26,186
Current portion of long-term debt (Note 8)	100,483	96,233
Total current liabilities	527,290	532,769
Long-term debt, less current portion (Note 8)	531,049	706,394
Deferred income taxes	101,612	102,335
Accrued post-retirement benefits	39,084	38,733
Non-current lease liabilities	69,122	71,765
Other long-term liabilities	75,330	78,766
Total liabilities	$1,343,487	$1,530,762
Commitments and contingencies (Note 15)
Shareholders’ equity:
Common stock, par value $0.01 per share: 34,000,000 shares authorized; shares issued, March 28, 2026–27,251,066; December 27, 2025–27,014,490	266	264
Additional paid-in capital	1,149,103	1,098,150
Treasury stock, at cost: 2,088,645 and 2,088,409 shares, respectively	(338,758)	(338,696)
Accumulated other comprehensive loss	(24,557)	(5,383)
Retained earnings	1,728,010	1,671,699
Total equity	2,514,064	2,426,034
Total liabilities and equity	$3,857,551	$3,956,796

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

	Three Months Ended
(in thousands, except per share data)	March 28,2026	March 29,2025
Net sales	$656,969	$554,307
Cost of sales	402,820	347,051
Gross profit	254,149	207,256
Selling, general, and administrative expenses	99,325	87,708
Research and development expenses	29,737	26,048
Amortization of intangibles	16,500	14,331
Restructuring, impairment, and other charges	7,422	9,019
Total operating expenses	152,984	137,106
Operating income	101,165	70,150
Interest expense	6,977	8,875
Foreign exchange (gain) loss	(2,413)	4,843
Other income, net	(130)	(3,515)
Income before income taxes	96,731	59,947
Income taxes	21,584	16,376
Net income	$75,147	$43,571
Earnings per share:
Basic	$3.00	$1.76
Diluted	$2.96	$1.75
Weighted-average shares and equivalent shares outstanding:
Basic	25,074	24,767
Diluted	25,420	24,963

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

	Three Months Ended
(in thousands)	March 28, 2026	March 29, 2025
Net income	$75,147	$43,571
Other comprehensive income (loss):
Pension and postemployment adjustments, net of tax	516	219
Cash flow hedges, net of tax	(3,244)	588
Foreign currency translation adjustments, net of tax	(16,446)	36,790
Comprehensive income	$55,973	$81,168

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

	Three Months Ended
(in thousands)	March 28, 2026	March 29, 2025
OPERATING ACTIVITIES
Net income	$75,147	$43,571
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	18,952	18,430
Amortization of intangibles	16,500	14,331
Deferred revenue	(162)	613
Impairment charges	—	136
Stock-based compensation	5,671	4,855
Loss on investments and other assets	119	1,630
Deferred income taxes	(47)	(2,916)
Other	1,581	579
Changes in operating assets and liabilities:
Trade receivables	(21,783)	(14,745)
Inventories	(6,740)	8,699
Accounts payable	8,567	(8,772)
Accrued liabilities and income taxes	(19,802)	(8,044)
Prepaid expenses and other assets	2,255	7,391
Net cash provided by operating activities	80,258	65,758
INVESTING ACTIVITIES
Acquisitions of businesses, net of cash acquired	(2,508)	(57,417)
Purchases of property, plant, and equipment	(14,094)	(23,102)
Net proceeds from sale of property, plant and equipment, and other	31	11
Net cash used in investing activities	(16,571)	(80,508)
FINANCING ACTIVITIES
Payments of senior notes payable	—	(50,000)
Repayments of other debts	(736)	(657)
Payments of term loan	(66,250)	(3,750)
Payments of revolving credit facility	(100,000)	—
Net proceeds related to stock-based award activities	45,223	2,082
Repurchases of common stock, with excise tax	—	(27,374)
Debt issuance costs	(2,057)	—
Cash dividends paid	(18,836)	(17,335)
Net cash used in financing activities	(142,656)	(97,034)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash	(2,762)	5,603
Decrease in cash, cash equivalents, and restricted cash	(81,731)	(106,181)
Cash, cash equivalents, and restricted cash at beginning of period	565,104	726,437
Cash, cash equivalents, and restricted cash at end of period	$483,373	$620,256
Supplementary Cash Flow Information
Reconciliation of cash and cash equivalents:
Cash and cash equivalents	$481,697	$618,687
Restricted cash included in other long-term assets	1,676	1,569
Cash paid during the period for interest	10,482	12,193
Capital expenditures, not yet paid	12,593	4,952

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. Loss	Retained Earnings	Total
Balance at December 27, 2025	$264	$1,098,150	$(338,696)	$(5,383)	$1,671,699	$2,426,034
Net income	—	—	—	—	75,147	75,147
Other comprehensive loss, net of tax	—	—	—	(19,174)	—	(19,174)
Stock-based compensation	—	5,671	—	—	—	5,671
Withheld shares on restricted share units for withholding taxes	—	—	(62)	—	—	(62)
Stock options exercised	2	45,282	—	—	—	45,284
Cash dividends paid ($0.75 per share)	—	—	—	—	(18,836)	(18,836)
Balance at March 28, 2026	$266	$1,149,103	$(338,758)	$(24,557)	$1,728,010	$2,514,064

	Littelfuse, Inc. Shareholders’ Equity
(in thousands, except share and per share data)	Common Stock	Addl. Paid in Capital	Treasury Stock	Accum. Other Comp. (Loss) Income	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

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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.