Overview

* Littelfuse ( LFUS ) Q3 net sales rise 10% yr/yr, beating analyst expectations

* Adjusted EPS for Q3 beats analyst estimates, reflecting strong execution

* Company announces acquisition of Basler Electric to expand market opportunities

Outlook

* Company expects fourth-quarter net sales between $570 mln and $590 mln

* Littelfuse ( LFUS ) forecasts fourth-quarter adjusted EPS between $2.40 and $2.60

* Company anticipates 10% revenue growth in Q4 driven by strong backlog

Result Drivers

* ELECTRONICS GROWTH - Electronics segment sales rose 18% due to strong demand for passive products and semiconductors

* TRANSPORTATION CHALLENGES - Transportation segment sales were flat, with a 2% decline in organic sales due to lower commercial vehicle demand

* INDUSTRIAL DEMAND - Industrial segment sales increased 4%, driven by energy storage and renewables demand

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Sales Beat $624.64 $622.92

mln mln (4

Analysts

)

Q3 Beat $2.95 $2.79 (4

Adjusted Analysts

EPS )

Q3 EPS $2.77

Q3 Net $69.52

Income mln

Q3 Gross $240.98

Profit mln

Q3 $97.41

Operatin mln

g Income

Q3 $94.71

Pretax mln

Profit

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the electronic equipment & parts peer group is "buy"

* Wall Street's median 12-month price target for Littelfuse Inc ( LFUS ) is $303.06, about 13.4% above its October 28 closing price of $262.53

* The stock recently traded at 22 times the next 12-month earnings vs. a P/E of 22 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)