Littelfuse is a multinational electronic manufacturing company offering the industry's broadest and deepest portfolio of circuit protection. The Company operates through three segments: Electronics, Automotive, and Industrial.

The Electronics segment provides fuses and protectors, positive temperature coefficient resettable fuses, polymer electrostatic discharge suppressors, discrete transient voltage suppression diodes, gas discharge tubes, power switching components and fuseholders, reed switch and sensor assemblies, and related accessories.

The Automotive segment provides blade and high current fuses, battery cable protectors, and varistors.

The Industrial segment offers power fuses and other circuit protection devices for use in commercial and industrial buildings, as well as large equipment, such as HVAC systems, elevators, and machine tools for industrial and commercial customers.

The Company also provides a line of electromechanical and electronic switch and control devices for commercial and specialty vehicles; and sensors for automobile safety systems, as well as protection relays and power distribution centers for the safe control and distribution of electricity.

Littelfuse was founded in 1927 and is headquartered in Chicago, US

Littelfuse has offices in Chicago, Fremont, Munich, Boston and in 3 other locations

Chicago, US (HQ)

8755 W Higgins Rd

Littelfuse's revenue was reported to be $285.4 m in Q1, 2017

USD

## Revenue (Q1, 2017) | 285.4 m |

## Gross profit (Q1, 2017) | 113.7 m |

## Gross profit margin (Q1, 2017), % | 40% |

## Net income (Q1, 2017) | 38.9 m |

## EBIT (Q1, 2017) | 48.9 m |

## Market capitalization (18-Aug-2017) | 4.1 b |

## Cash (01-Apr-2017) | 278 m |

Littelfuse's current market capitalization is $4.1 b.

- Source: SEC Filings FY 2016, SEC Filings FY 2014

USD | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|

## Revenue | 757.9 m | 852 m | 867.9 m | 1.1 b |

## Revenue growth, % | 12% | 2% | 22% | |

## Cost of goods sold | 461.6 m | 527.6 m | 537.4 b | 643 m |

## Gross profit | 296.2 m | 324.4 m | (536.5 b) | 413.1 m |

## Gross profit Margin, % | 39% | 38% | (61818%) | 39% |

## R&D expense | 42.2 m | |||

## General and administrative expense | 206.1 m | |||

## Operating expense total | 166.4 m | 190.6 m | 226.3 b | 282.5 m |

## EBIT | 129.9 m | 133.8 m | 104.2 m | 130.6 m |

## EBIT margin, % | 17% | 16% | 12% | 12% |

## Interest expense | 2.9 m | 4.9 m | 4.1 b | 8.6 m |

## Pre tax profit | 124.2 m | 131.6 m | 106.9 b | 123.3 m |

## Income tax expense | 35.5 m | 32.2 m | 24.5 b | 18.8 m |

## Net Income | 88.8 m | 99.4 m | 82.5 m | 104.5 m |

USD | Q2, 2014^{} | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Revenue | 220.9 m | 217.6 m | 210.3 m | 222 m | 215.5 m | 219.4 m | 271.9 m | 280.3 m | 285.4 m |

## Cost of goods sold | 137.9 m | 130.2 m | 134 m | 136.7 m | 129.3 m | 132.2 m | 174 m | 166.6 m | 171.8 m |

## Gross profit | 83 m | 87.4 m | 76.3 m | 85.3 m | 86.2 m | 87.2 m | 97.9 m | 113.8 m | 113.7 m |

## Gross profit Margin, % | 38% | 40% | 36% | 38% | 40% | 40% | 36% | 41% | 40% |

## R&D expense | 7.8 m | 7.4 m | 7.4 m | 7.4 m | 7.5 m | 8.6 m | 11.9 m | 10.4 m | 12.2 m |

## General and administrative expense | 38.3 m | 36.6 m | 36.3 m | 38.8 m | 37 m | 42.4 m | 51.1 m | 56.6 m | 46.7 m |

## Operating expense total | 46.1 m | 44.1 m | 43.7 m | 46.1 m | 44.5 m | 50.9 m | 63 m | 67 m | 58.9 m |

## EBIT | 33.7 m | 40.1 m | 29.5 m | 36.2 m | 8.6 m | 32.4 m | 29.7 m | 27.5 m | 48.9 m |

## EBIT margin, % | 15% | 18% | 14% | 16% | 4% | 15% | 11% | 10% | 17% |

## Interest expense | 1.2 m | 1.3 m | 1.2 m | 948 k | 922 k | 2 m | 1.7 m | 2.6 m | 3.1 m |

## Pre tax profit | 31.6 m | 41.2 m | 26.4 m | 37.7 m | 12.6 m | 27.1 m | 34 m | 30.4 m | 47.4 m |

## Income tax expense | 7 m | 11.3 m | 6.4 m | 9 m | 1.3 m | 7.8 m | 6.9 m | (369 k) | 8.5 m |

## Net Income | 24.6 m | 29.9 m | 20 m | 28.7 m | 11.3 m | 19.3 m | 27.2 m | 30.8 m | 38.9 m |

- Source: SEC Filings FY 2016, SEC Filings FY 2014

USD | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|

## Cash | 305.2 m | 297.6 m | 328.8 m | 275.1 m |

## Inventories | 92.6 m | 97.4 m | 98.6 m | 114.1 m |

## Current Assets | 565.6 m | 571.5 m | 583.4 m | 612.1 m |

## Goodwill | 186.5 m | 196.3 m | 189.8 m | 403.5 m |

## Total Assets | 1 b | 1.1 b | 1.1 b | 1.5 b |

## Accounts Payable | 33.9 m | 50.8 m | 51.7 m | 90.7 m |

## Total Debt | 6.3 m | |||

## Current Liabilities | 208.7 m | 204.5 m | 209.8 m | 187.5 m |

## Additional Paid-in Capital | 223.4 m | 243.8 m | 259.6 m | 291.3 m |

## Retained Earnings | 445.1 m | 523.3 m | 562.7 m | 634.4 m |

## Total Equity | 686.9 m | 727.7 m | 744.2 m | 814.9 m |

## Debt to Equity Ratio | 0 x | |||

## Debt to Assets Ratio | 0 x | |||

## Financial Leverage | 1.5 x | 1.5 x | 1.4 x | 1.8 x |

USD | Q2, 2014^{} | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Cash | 346.4 m | 378.3 m | 293.6 m | 311.9 m | 336.6 m | 272.9 m | 179.5 m | 194.5 m | 278 m |

## Inventories | 96.7 m | 99.8 m | 96.2 m | 97.7 m | 99.2 m | 133.2 m | 124.7 m | 121.6 m | 118.3 m |

## Current Assets | 629.4 m | 645.6 m | 566.9 m | 603.1 m | 613.8 m | 605.8 m | 519.9 m | 555.2 m | 634.2 m |

## Goodwill | 201.8 m | 198.7 m | 190.8 m | 192.9 m | 190 m | 312.1 m | 363.3 m | 409.5 m | 428.3 m |

## Total Assets | 1.1 b | 1.1 b | 1.1 b | 1.1 b | 1.1 b | 1.4 b | 1.3 b | 1.5 b | 1.5 b |

## Accounts Payable | 36.8 m | 37.1 m | 47.4 m | 53.9 m | 53.3 m | 73.6 m | 78.2 m | 81.4 m | 88.4 m |

## Current Liabilities | 283.7 m | 280.3 m | 190.1 m | 203.7 m | 232.1 m | 232.7 m | 178.8 m | 187.9 m | 177.2 m |

## Additional Paid-in Capital | 295.4 m | ||||||||

## Retained Earnings | 665.8 m | ||||||||

## Total Equity | 727.5 m | 737.9 m | 735.3 m | 767.3 m | 733.7 m | 773.3 m | 774.9 m | 803.4 m | 855.8 m |

## Financial Leverage | 1.6 x | 1.5 x | 1.4 x | 1.4 x | 1.5 x | 1.8 x | 1.7 x | 1.8 x | 1.8 x |

USD | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|

## Net Income | 88.8 m | 99.4 m | 82.5 m | 104.5 m |

## Depreciation and Amortization | 34.5 m | 41.9 m | 41.6 m | 19.3 m |

## Accounts Receivable | (17 m) | (13 m) | (14 m) | (25.2 m) |

## Inventories | (5.5 m) | (2.3 m) | (3.6 m) | 8.5 m |

## Accounts Payable | 2 m | 17.3 m | 2.6 m | 19.2 m |

## Cash From Operating Activities | 117.4 m | 153.1 m | 165.8 m | 180.1 m |

## Purchases of PP&E | (35 m) | (32.3 m) | (44 m) | (46.2 m) |

## Cash From Investing Activities | (185.6 m) | (104 m) | (44.2 m) | (511.2 m) |

## Dividends Paid | (18.7 m) | (21.2 m) | (24.3 m) | (27.9 m) |

## Cash From Financing Activities | 142.2 m | (43.3 m) | (67.7 m) | 284.2 m |

USD | Q2, 2014^{} | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Net Income | 24.6 m | 29.9 m | 20 m | 28.7 m | 11.3 m | 19.3 m | 27.2 m | 30.8 m | 38.9 m |

## Depreciation and Amortization | 3.1 m | 3.2 m | 3.1 m | 3 m | 2.9 m | 3.8 m | 5.2 m | 4.4 m | 15.1 m |

## Accounts Receivable | (11.3 m) | ||||||||

## Inventories | 96.7 m | 99.8 m | 96.2 m | 97.7 m | 99.2 m | 133.2 m | 124.7 m | 121.6 m | (3.3 m) |

## Accounts Payable | 36.8 m | 37.1 m | 47.4 m | 53.9 m | 53.3 m | 73.6 m | 78.2 m | 81.4 m | (3.3 m) |

## Cash From Operating Activities | 22.9 m | ||||||||

## Purchases of PP&E | (12.4 m) | ||||||||

## Cash From Investing Activities | (22.1 m) | ||||||||

## Dividends Paid | (7.5 m) | ||||||||

## Cash From Financing Activities | 2.9 m |

Y, 2017 | |
---|---|

## Financial Leverage | 1.8 x |

Littelfuse's Customers was reported to be 6 k in FY, 2016, which is a 3% increase from the previous period. Littelfuse's Backlog was reported to be $110.3 m in FY, 2016, which is a 14% increase from the previous period

Source: 24 public H-1B filings from Littelfuse