Littelfuse Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 30, 2017; Provides Earnings Guidance for the First Quarter and Full Year 2018
January 31, 2018 at 06:30 am EST
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Littelfuse Inc. announced unaudited consolidated earnings results for the fourth quarter and full year ended December 30, 2017. For the quarter, the company reported net sales of USD 304.849 million against USD 284.518 million a year ago. Operating income was USD 50.780 million against USD 40.988 million a year ago. Income before income taxes was USD 43.729 million against USD 31.750 million a year ago. Net loss was USD 10.819 million against net income of USD 27.245 million a year ago. Diluted earnings per share were USD 0.48 against USD 1.19 a year ago. Net cash provided by operating activities was USD 87.9 million against USD 80.1 million a year ago. Purchases of property, plant and equipment was USD 17.5 million against USD 11.7 million a year ago. Adjusted diluted earnings per share were USD 1.81 against USD 1.57 a year ago. Adjusted operating income was USD 52.9 million against USD 45.6 million a year ago. Adjusted EBITDA was USD 69.3 million against USD 60.6 million a year ago.
For the full year, the company reported total net sales of USD 1,221.534 million against USD 1,056.159 million a year ago. Operating income was USD 218.511 million against USD 130.644 million a year ago. Income before income taxes was USD 204.037 million against USD 123.274 million a year ago. Net income was USD 119.519 million against USD 104.488 million a year ago. Diluted earnings per share were USD 5.21 against USD 4.60 a year ago. Net cash provided by operating activities was USD 269.170 million against USD 180.133 million a year ago. Purchases of property, plant and equipment was USD 65.925 million against USD 46.228 million a year ago. Adjusted diluted earnings per share were USD 7.74 against USD 6.26 a year ago. Adjusted operating income was USD 228.8 million against USD 180.5 million a year ago. Adjusted EBITDA was USD 291.8 million against USD 233.7 million a year ago.
For the first quarter of 2018, net sales are expected to be in the range of USD 384 to USD 396 million, up 37% on an as reported basis and up 6% organically, at the midpoint versus the prior year quarter. Adjusted diluted earnings per share are expected to be in the range of USD 1.73 to USD 1.87. Adjusted effective tax rate is expected to be in the range of 22.5% to 23.5%.
For the full year 2018, adjusted effective tax rate is expected to be in the range of 18% – 21%. Capital expenditures are expected to be in the range of USD 80 – USD 85 million, including expenditures for IXYS' operations.
Littelfuse, Inc. is an industrial technology manufacturing company. It designs, manufactures, and sells electronic components, modules, and subassemblies throughout the world. Its segments include Electronics, Transportation and Industrial. Its Electronics segment consists of product offerings in the industry, including fuses and fuse accessories, positive temperature coefficient (PTC) resettable fuses and polymer electrostatic discharge (ESD); semiconductor products, such as discrete transient voltage suppressor (TVS) diodes, silicon and silicon carbide metal-oxide-semiconductor field effect transistors and diodes, and insulated gate bipolar transistors (IGBT) technologies. Its Transportation segment consists of circuit protection, power control and sensing technologies for global original equipment manufacturers. Its Industrial Segment consists of industrial circuit protection (industrial fuse), industrial controls (protection relay, contactors, transformers) and temperature sensors.
Littelfuse Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 30, 2017; Provides Earnings Guidance for the First Quarter and Full Year 2018
LITTELFUSE, INC. 
