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Littelfuse (LFUS) Q3 FY2021 earnings: revenue $540 million, up 37.8% on the year

Littelfuse Inc. (LFUS) reported revenue of $540 million for Q3 FY2021, the quarter ended 25 September 2021, up 37.8% on the same quarter a year earlier. Net income was $92 million, up 66.3% on the year, and diluted earnings per share $3.69. The figures are the company's own, from the 10-Q it filed with the SEC on 27 October 2021.

Revenue$540 millionup 37.8%
Net income$92 millionup 66.3%
Diluted EPS$3.69
QuarterQ3 FY2021ended 25 September 2021

The quarter, against the one before and a year earlier

LineQ3 FY2021Quarter beforeA year earlierChange on the year
Revenue540n/an/an/a
Cost of revenue325n/an/an/a
Gross profit215n/an/an/a
Gross margin39.8%n/an/a
Research and development15.8n/an/an/a
Selling, general and administrative67.5n/an/an/a
Operating income120n/an/an/a
Operating margin22.3%n/an/a
Interest expense4.6n/an/an/a
Pre-tax income114n/an/an/a
Income tax21.5n/an/an/a
Effective tax rate19.0%n/an/a
Net income92.1n/an/an/a
Net margin17.1%n/an/a
Diluted EPS$3.69n/an/an/a
$ million except per share.
Read moreFree 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

LineQ3 FY2021Quarter beforeA year earlierChange on the year
Operating cash flow114n/an/an/a
Capital expenditure24.9n/an/an/a
Free cash flow89.4n/an/an/a
Free cash flow margin16.6%n/an/a
Cash from investing-25.7n/an/an/a
Cash from financing-11.7n/an/an/a
Depreciation and amortisation24.6n/an/an/a
Share-based compensation3.8n/an/an/a
Buybacks0.0n/an/an/a
Dividends paid13.1n/an/an/a
Dividend per share$0.53n/an/an/a
Diluted shares, weighted25mn/an/an/a
Shares outstanding at period end25mn/an/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

LineQ3 FY2021Quarter beforeA year earlierChange on the year
Shareholders' equity1,821n/an/an/a
Non-controlling interest0.1n/an/an/a
Debt648n/an/an/a
Operating lease liabilities17.4n/an/an/a
Other liabilities552n/an/an/a
Total liabilities and equity3,039n/an/an/a
Fixed assets364n/an/an/a
Goodwill847n/an/an/a
Intangible assets296n/an/an/a
Investments39.9n/an/an/a
Cash and equivalents691n/an/an/a
Receivables326n/an/an/a
Inventory357n/an/an/a
Other assets118n/an/an/a
Total assets3,039n/an/an/a

Questions

What was Littelfuse's revenue in Q3 FY2021?

Littelfuse (LFUS) reported revenue of $540 million for Q3 FY2021, the quarter ended 25 September 2021, up 37.8% on the same quarter a year earlier.

How much did Littelfuse earn in Q3 FY2021?

Net income for Q3 FY2021 was $92 million, up 66.3% on the year, and diluted earnings per share $3.69.

When did Littelfuse report Q3 FY2021 results?

Littelfuse filed its 10-Q for the quarter ended 25 September 2021 with the SEC on 27 October 2021.

Quarterly results, the last 20 quarters

Q3 FY2021Q4 FY2021Q1 FY2022Q2 FY2022Q3 FY2022Q4 FY2022 *Q1 FY2023Q2 FY2023Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024 †Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue540553623618659613610612607534535558567530554613625594657739
Cost of revenue325354365355402385365377380340348351351353347381384368403433
Gross profit215199259263257229245235227194188207216177207232241226254306
Gross margin40%36%41%43%39%37%40%38%37%36%35%37%38%33%37%38%39%38%39%41%
R&D15.819.019.623.525.826.827.324.525.525.227.727.126.526.526.026.427.327.129.731.0
SG&A67.576.475.593.190.286.088.394.587.284.686.193.483.987.087.795.599.699.099.3121
Operating income12092.815113412294.211192.193.664.555.065.587.8-49.570.292.897.4-223101120
Operating margin22%17%24%22%18%15%18%15%15%12%10%12%15%-9%13%15%16%-38%15%16%
Interest expense4.64.64.34.48.49.19.610.110.110.19.610.09.89.48.98.68.68.37.05.7
Pre-tax income11459.513411096.010310985.575.358.955.761.177.7-42.759.978.294.7-22996.7117
Tax rate19%13%12%21%21%10%19%18%23%27%13%26%25%n/a27%27%27%n/a22%24%
Net income92.151.911887.075.593.388.770.157.842.948.545.558.1-51.843.657.369.5-24275.189.4
Net margin17%9%19%14%11%15%15%11%10%8%9%8%10%-10%8%9%11%-41%11%12%
Diluted EPS$3.69$2.08$4.70$3.48$3.02$3.74$3.54$2.79$2.30$1.71$1.93$1.82$2.32-$1.57$1.75$2.30$2.77-$9.72$2.96$3.49
Operating cash flow11413351.711414810653.498.216214457.169.480.416165.882.514713980.3146
Capital expenditure24.933.029.826.321.626.625.715.821.723.015.519.115.425.823.19.915.718.914.118.9
Free cash flow89.499.621.987.212679.727.782.414012141.650.365.013542.772.613112066.2127
Buybacks0.00.0n/an/an/an/a0.00.00.00.016.124.70.00.027.40.20.00.00.00.0
Dividends paid13.113.113.113.114.914.914.914.916.216.216.216.117.417.417.317.318.618.718.819.0
Shares outstanding25m25m25m25m25m25m25m25m25m25m25m25m25m25m25m25m25m25m25m25m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-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 its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS 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 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.

10-Q for the period ended 25 September 2021, filed 27 October 2021: the filing.