LITTELFUSE INC
SymbolLFUS

This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.

Here is a sample of this item:

Littelfuse Reports Third Quarter Results

2009-10-29 07:45 ET - News Release


Company Website: http://www.littelfuse.com
CHICAGO -- (Business Wire)

Littelfuse, Inc. (NASDAQ:LFUS) today reported sales and earnings for the third quarter of 2009, which were at the high end of guidance issued on September 16, 2009.

Third Quarter Highlights

  • Sales for the third quarter of 2009 were $116.4 million, a 15% sequential increase from the second quarter of 2009 and an 18% decline compared to the prior-year quarter.
  • Diluted earnings per share for the third quarter of 2009 were $0.37 on a GAAP basis, compared to $0.18 for the third quarter of 2008.
  • Adjusted diluted earnings per share for the third quarter of 2009 were $0.33, which excludes a one-time tax benefit and restructuring charges primarily related to the consolidation of facilities in Europe (see Supplemental Information on page 8).
  • Capital expenditures for the third quarter of 2009 were $2.0 million, which was down from $4.2 million in the second quarter of 2009 and $7.2 million in the first quarter of 2009.
  • Cash provided by operating activities was $5.0 million for the third quarter of 2009, which included a $6.4 million contribution to the company’s U.S. pension fund. Excluding the pension contribution, cash provided by operating activities was $11.4 million for the quarter.
  • The company ended the third quarter of 2009 with $57.4 million in cash and $71.5 million of borrowing capacity under its revolving credit facility. At September 26, 2009, the company was in compliance with all debt covenants and expects to remain so for the foreseeable future.
  • The book-to-bill ratio for electronics for the third quarter of 2009 was 1.06.

The remainder is available to Stockwatch subscribers.
If you would like to give the Stockwatch system a try, click here for a free 30 day trial subscription.