greeksoup/ stock research
Stock research / United States / LFUS / Q1 FY2024

Littelfuse (LFUS) Q1 FY2024 earnings: revenue $535 million, down 12.2% on the year

Littelfuse Inc. (LFUS) reported revenue of $535 million for Q1 FY2024, the quarter ended 30 March 2024, down 12.2% on the same quarter a year earlier. Net income was $48 million, down 45.4% on the year, and diluted earnings per share $1.93. The figures are the company's own, from the 10-Q it filed with the SEC on 1 May 2024.

Revenue$535 milliondown 12.2%
Net income$48 milliondown 45.4%
Diluted EPS$1.93
QuarterQ1 FY2024ended 30 March 2024

The quarter, against the one before and a year earlier

LineQ1 FY2024Q4 FY2023A year earlierChange on the year
Revenue535534n/an/a
Cost of revenue348340n/an/a
Gross profit188194n/an/a
Gross margin35.1%36.3%n/a
Research and development27.725.2n/an/a
Selling, general and administrative86.184.6n/an/a
Operating income55.064.5n/an/a
Operating margin10.3%12.1%n/a
Interest expense9.610.1n/an/a
Pre-tax income55.758.9n/an/a
Income tax7.316.1n/an/a
Effective tax rate13.0%27.3%n/a
Net income48.542.9n/an/a
Net margin9.0%8.0%n/a
Diluted EPS$1.93$1.71n/an/a
$ million except per share.
Read moreFourth quarters are the year less the first three quarters. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow and capital returned

LineQ1 FY2024Q4 FY2023A year earlierChange on the year
Operating cash flow57.1144n/an/a
Capital expenditure15.523.0n/an/a
Free cash flow41.6121n/an/a
Free cash flow margin7.8%22.7%n/a
Cash from investing-8.5-22.9n/an/a
Cash from financing-33.5-139n/an/a
Depreciation and amortisation32.534.1n/an/a
Share-based compensation3.63.8n/an/a
Buybacks16.10.0n/an/a
Dividends paid16.216.2n/an/a
Dividend per share$0.65$0.60n/an/a
Diluted shares, weighted25m25mn/an/a
Shares outstanding at period end25m25mn/an/a

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet at quarter end

LineQ1 FY2024Q4 FY2023A year earlierChange on the year
Shareholders' equity2,4712,480n/an/a
Non-controlling interest0.30.3n/an/a
Debt867872n/an/a
Operating lease liabilities50.849.2n/an/a
Finance lease liabilitiesn/a0.3n/an/a
Other liabilities555593n/an/a
Total liabilities and equity3,9433,995n/an/a
Fixed assets479493n/an/a
Goodwill1,2951,310n/an/a
Intangible assets585606n/an/a
Investments24.425.1n/an/a
Cash and equivalents562556n/an/a
Receivables296287n/an/a
Inventory456475n/an/a
Other assets246244n/an/a
Total assets3,9433,995n/an/a

Quarterly results, the last 12 quarters

Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue607534535558567530554613625594657739
Cost of revenue380340348351351353347381384368403433
Gross profit227194188207216177207232241226254306
Gross margin37%36%35%37%38%33%37%38%39%38%39%41%
R&D25.525.227.727.126.526.526.026.427.327.129.731.0
SG&A87.284.686.193.483.987.087.795.599.699.099.3121
Operating income93.664.555.065.587.8-49.570.292.897.4-223101120
Operating margin15%12%10%12%15%-9%13%15%16%-38%15%16%
Interest expense10.110.19.610.09.89.48.98.68.68.37.05.7
Pre-tax income75.358.955.761.177.7-42.759.978.294.7-22996.7117
Tax rate23%27%13%26%25%n/a27%27%27%n/a22%24%
Net income57.842.948.545.558.1-51.843.657.369.5-24275.189.4
Net margin10%8%9%8%10%-10%8%9%11%-41%11%12%
Diluted EPS$2.30$1.71$1.93$1.82$2.32-$2.07$1.75$2.30$2.77-$9.72$2.96$3.49
Operating cash flow16214457.169.480.416165.882.514713980.3146
Capital expenditure21.723.015.519.115.425.823.19.915.718.914.118.9
Free cash flow14012141.650.365.013542.772.613112066.2127
Buybacks0.00.016.124.70.00.027.40.20.00.00.00.0
Dividends paid16.216.216.216.117.417.417.317.318.618.718.819.0
Shares outstanding25m25m25m25m25m25m25m25m25m25m25mn/a
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS and diluted share count are from the company's results press release for that quarter, used where the release gives the same revenue and net income as the table. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Source

10-Q for the period ended 30 March 2024, filed 1 May 2024, accession 0000889331-24-000129: the filing on EDGAR. All of Littelfuse Inc.'s filings: EDGAR company page.

The same record on your computer

GreekSoup is also a free program for your own computer. It reads these same filings for the names you follow, refreshed as they land, with no account. One pasted line installs it.

Install