Littelfuse, Inc. (NASDAQ:LFUS) reported second-quarter earnings on Wednesday that significantly surpassed analyst expectations, fueled by robust growth across all segments.
Shares rose 2.12% in pre-market trading following the results.
The electrical components maker delivered adjusted earnings per share of $2.85, well above the consensus estimate of $2.33. Revenue increased 9.8% year over year to $613 million, outperforming analysts’ forecast of $576.65 million. Organic growth accounted for 6.2% of the revenue rise.
“Our Q2 results exceeded our expectations, driven by solid growth and operational execution across our businesses,” said Greg Henderson, Littelfuse President and CEO.
The company’s adjusted EBITDA margin improved by 280 basis points year over year to 21.4%, while GAAP operating margin rose 340 basis points to 15.1%.
By business division, Electronics revenue rose 9.8% to $335.7 million, Transportation revenue increased 6.2% to $179.4 million, and Industrial revenue jumped 17.2% to $98.3 million compared to Q2 2024.
Looking ahead, Littelfuse projected third-quarter revenue between $610 million and $630 million and adjusted EPS of $2.65 to $2.85—both above analyst estimates of $584.2 million and $2.49.
The company also announced a 7% hike in its quarterly dividend, raising it from $0.70 to $0.75 per share, which equates to an annual dividend of $3.00.
“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.
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