Littelfuse Q1 Sales Surge 19%, Guidance Boosts

Littelfuse kicked off the year with a strong first quarter, reporting net sales of $657 million, a 19% increase from last year and a 9% organic growth. The company saw solid margin gains and adjusted EBITDA of 22.9%, up 180 basis points. Key drivers included double-digit growth in data centers and grid utility infrastructure, and benefits from the Basler acquisition. The industrial segment led with 45% growth, fueled by Basler outperforming expectations in high-power applications. Electronics sales rose 18% organically, strong in passives and protection semis, while transportation grew 5% on share gains in passenger vehicles. Bookings jumped over 20%, keeping book-to-bill above 1.0. Operational tweaks are paying off, with transportation margins up 200 basis points to 19.1% through productivity plays. Power semis are shifting to higher-value apps, and overall execution promises scalable profits. Looking ahead, net sales are expected to grow 14% with 8% organic, and adjusted EPS from $3.65 to $3.85. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/e6f4ef3265cd9ef2