Littelfuse, Inc. Reports Earnings Results for the Second Quarter Ended June 26, 2021
July 28, 2021 at 06:00 am EDT
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Littelfuse, Inc. announced earnings results for the second quarter ended June 26, 2021. For the second quarter, the company announced sales was USD 523.488 million compared to USD 307.337 million a year ago. Operating income was USD 96.257 million compared to operating loss of USD 11.950 million a year ago. Net income was USD 82.095 million compared to net loss of USD 8.991 million a year ago. Basic earnings per share from continuing operations was USD 3.34 compared to basic loss per share from continuing operations of USD 0.37 a year ago. Diluted earnings per share from continuing operations was USD 3.3 compared to diluted loss per share from continuing operations of USD 0.37 a year ago.
For the half year, sales was USD 987.282 million compared to USD 653.433 million a year ago. Operating income was USD 172.738 million compared to USD 32.800 million a year ago. Net income was USD 139.808 million compared to USD 15.653 million a year ago. Basic earnings per share from continuing operations was USD 5.69 compared to USD 0.64 a year ago. Diluted earnings per share from continuing operations was USD 5.62 compared to USD 0.64 a year ago.
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.