LITTELFUSE Announces Financial Results for Q2 FY2023 on August 1, 2023
August 14, 2023
🌥️Earnings Overview
On August 1, 2023, LITTELFUSE ($NASDAQ:LFUS) announced its financial results for the second quarter of FY2023 (ending June 30, 2023). Total revenue for the quarter totaled USD 612.0 million, which was a 1.0% decrease from the same period in the prior year. Net income dropped 19.5% year over year, amounting to USD 70.1 million.
Price History
The stock opened at $302.0 and closed at $302.0, representing a 0.8% decrease from the last closing price of 304.6. These impressive financial results have led investors to remain confident in LITTELFUSE‘s future prospects and have left shareholders optimistic about the company’s ability to deliver strong financial results going forward. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Littelfuse. LITTELFUSE_Announces_Financial_Results_for_Q2_FY2023_on_August_1_2023″>More…
| Total Revenues | Net Income | Net Margin |
| 2.49k | 327.59 | 13.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Littelfuse. LITTELFUSE_Announces_Financial_Results_for_Q2_FY2023_on_August_1_2023″>More…
| Operations | Investing | Financing |
| 406.03 | -770.05 | 32.5 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Littelfuse. LITTELFUSE_Announces_Financial_Results_for_Q2_FY2023_on_August_1_2023″>More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 3.98k | 1.62k | 94.69 |
Key Ratios Snapshot
Some of the financial key ratios for Littelfuse are shown below. LITTELFUSE_Announces_Financial_Results_for_Q2_FY2023_on_August_1_2023″>More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 22.6% | 44.0% | 17.3% |
| FCF Margin | ROE | ROA |
| 12.7% | 11.5% | 6.8% |
Analysis
GoodWhale has recently conducted an analysis of LITTELFUSE‘s wellbeing, and our Risk Rating has deemed it as a high risk investment. We have identified two risk warnings in its income sheet and balance sheet, and this could imply financial instability. To get a better understanding of the situation, we highly recommend becoming a registered user of GoodWhale to gain access to more detailed information. This will help to make a more informed decision about whether or not to invest in LITTELFUSE. More…
Peers
Littelfuse Inc, a global manufacturer of circuit protection solutions, competes with Samsung Electro-Mechanics Co Ltd, Shindengen Electric Manufacturing Co Ltd, and Atotech Ltd in the circuit protection device market. The company’s products are used in a variety of industries, including automotive, electronics, and industrial. Littelfuse Inc has a strong product portfolio and a history of innovation. The company is well-positioned to compete in the circuit protection device market.
– Samsung Electro-Mechanics Co Ltd ($KOSE:009150)
As of 2022, Samsung Electro-Mechanics Co Ltd has a market cap of 8.65T and a Return on Equity of 19.62%. The company manufactures and sells electronic and electrical components and products worldwide. It offers passive components, including capacitors, resistors, and inductors; printed circuit boards; and semiconductor packages. The company also provides optical products, such as lenses and optical modules for mobile devices, digital cameras, monitors, and automobiles; and electric vehicles.
– Shindengen Electric Manufacturing Co Ltd ($TSE:6844)
Shindengen Electric Manufacturing Co., Ltd. is engaged in the manufacture and sale of electric power control products and automotive electronic products. The Company operates in three business segments. The Electric Power Control Devices segment includes power semiconductor devices, thyristors, rectifiers, inverters and other power control devices. The Automotive Electronics Devices segment includes automotive voltage stabilizers, motor control devices, solenoids, relays and other automotive electronic devices. The Components segment includes capacitors, inductors and other electronic components. As of March 31, 2014, the Company had 69 subsidiaries and two associated companies.
Summary
LITTELFUSE reported a decrease in total revenue for the second quarter of FY2023, amounting to USD 612.0 million. Net income also dropped 19.5% year over year, amounting to USD 70.1 million. This could be a warning sign for potential investors, as lower revenue and profits could signal a weakening company performance.
It is important for investors to thoroughly research the company’s financials prior to investing in order to understand the risks. Analyzing the company’s balance sheet, cash flow, and other measures of financial performance can help investors gauge the company’s overall health and make informed decisions.
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