Littelfuse Inc

Latest Results (14.05.2026):

Littelfuse, Inc.'s fourth quarter of 2025 results: the company reported Q4 net sales of $594 million (up 12% year‑over‑year, organic +7%), a GAAP diluted loss per share of ($9.72) driven largely by a $301 million non‑cash goodwill impairment in its Electronics‑Semiconductor business, and adjusted diluted EPS of $2.69. Adjusted EBITDA margin expanded to 20.5% in Q4, cash flow from operations was $139 million (free cash flow $120 million), and management closed the Basler Electric acquisition while providing Q1 2026 guidance for continued revenue growth.

Revenue

Q4 net sales: $593.9M, +12% YoY (organic +7%). Full‑year 2025 net sales: $2,386.3M, +9% YoY (organic +6%). Growth was broad‑based with Electronics (+21% Q4), Industrial (+4% Q4) and Transportation (+1% Q4).

Earnings per share (GAAP vs. adjusted)

GAAP diluted EPS (Q4): ($9.72). Adjusted diluted EPS (Q4): $2.69. Full‑year adjusted diluted EPS: $10.68, up 34% vs. prior year. The GAAP loss reflects large non‑cash charges excluded from the adjusted measure.

Impairment charge

The company recorded a $301 million non‑cash goodwill impairment in Q4 related to the Semiconductor Products reporting unit within the Electronics segment, cited as reflecting weaker sales and profitability versus prior expectations.

Margins

GAAP operating margin (Q4): (37.5)%. Adjusted EBITDA margin (Q4): 20.5%, up 480 basis points YoY. Full‑year adjusted EBITDA margin: 20.9%, +260 bps YoY — showing underlying margin expansion after excluding one‑time items.

Cash flow and liquidity

Q4 cash flow from operations: $139M; Q4 free cash flow: $120M. Full‑year operating cash flow: $434M; free cash flow: $366M. Cash and short‑term investments ended the year at about $563M; net debt approximately $660M.

Segment performance (Q4 highlights)

Electronics: $345.2M (+20.7% Q4), organic +14%, adjusted EBITDA margin 23.7% (but includes the $301M impairment in goodwill). Transportation: $163.8M (+1.3% Q4), adjusted EBITDA margin 16.0% (improved operating execution). Industrial: $85.0M (+3.7% Q4), adjusted EBITDA margin 16.2%.

Balance sheet & leverage

Consolidated total debt ~$802.6M, consolidated funded indebtedness ~$804.6M, net debt ~$660.3M. Consolidated net leverage ratio as defined in the credit agreement: 1.2x (well under covenant levels reported).

Acquisitions, capital allocation & dividend

Littelfuse completed the Basler Electric acquisition in 2025 (contributing to Industrial growth). Shareholders will receive a cash dividend of $0.75 per share payable March 5, 2026. The company also paid down debt and continued share repurchases during the year.

Outlook for Q1 2026

Guidance (adjusted basis): net sales $625–$645M (about +15% YoY), adjusted diluted EPS $2.70–$2.90, and adjusted effective tax rate ~24%. Management cites backlog strength, Basler contributions and strengthening end‑market demand as drivers.