Menu Search

Company Announcements

Littelfuse Inc

Littelfuse Reports First Quarter Results for 2026

First Quarter 2026 Highlights:

(Year-over-year comparisons unless otherwise noted)

  • Net sales of $657 million, +19%; organic growth contributed +9%
  • Cash flow from operations of $80 million; free cash flow of $66 million, +55%
  • GAAP diluted earnings per share of $2.96; Adjusted diluted earnings per share of $3.31
  • GAAP operating margin of 15.4%, +270 bps; Adjusted EBITDA margin of 22.9%, +280 bps

CHICAGO--(BUSINESS WIRE)--May 6, 2026-- Littelfuse, Inc. (NASDAQ: LFUS), a leader in developing smart solutions that enable safe and efficient electrical energy transfer, today reported financial results for the first quarter ended March 28, 2026:

“Our teams delivered a strong start to the year, with first quarter results exceeding our expectations,” said Greg Henderson, Littelfuse President and Chief Executive Officer. “We capitalized on solid market demand and executed well on our strategic priorities while leveraging our leadership in safe and efficient electrical energy transfer. Across all segments, we delivered growth and margin expansion, and we remain focused on driving growth opportunities, broadening our solutions portfolio, and advancing our operational excellence initiatives.”

Second Quarter of 2026*

“Looking ahead to the second quarter, we expect approximately 14% total revenue growth versus the prior year, supported by a strong backlog, continued customer momentum, and contributions from the Basler acquisition. Demand strength remains broad based, and we continue to partner closely with our customers to drive the ongoing evolution to higher power and higher energy density solutions.”

Based on current market conditions, for the second quarter the company expects,

  • Net sales in the range of $690 - $710 million, adjusted diluted EPS in the range of $3.65 – $3.85 and an adjusted effective tax rate of 21% - 22%

*Littelfuse provides guidance on a non-GAAP (adjusted) basis. GAAP items excluded from guidance may include the after-tax impact of items including acquisition and integration costs, restructuring, impairment and other charges, certain purchase accounting adjustments, non-operating foreign exchange adjustments and significant and unusual items. These items are uncertain, depend on various factors, and could be material to results computed in accordance with GAAP. Littelfuse is not able to forecast the excluded items in order to provide the most directly comparable GAAP financial measure without unreasonable efforts.

May 14, 2026 Investor Day

The Company will host an Investor Day in New York City on Thursday, May 14, 2026. Greg Henderson, President and CEO, Abhi Khandelwal, Executive Vice President and CFO, and other members of the executive leadership team will present an in-depth review of the company’s business strategy, growth drivers, and financial objectives. The event will also feature interactive Q&A sessions.

Presentations are expected to begin at 9:00 a.m. ET and conclude at 12:00 p.m. ET.

The live webcast, as well as the presentation materials, will be available to the public on the day of the event via the Investor Relations section of Littelfuse.com. The webcast replay will be available within 24 hours of the event and will be archived for 12 months.

First Quarter 2026 Segment Performance Highlights

Electronics Segment

  • Net sales for the first quarter 2026 increased +18%. Organic sales increased +15% driven by improved passive products (+22% organic) sales. Semiconductor product (+8% organic) sales also contributed to growth driven by increased protection semiconductor volumes which more than offset lower power semiconductor sales. Favorable FX contributed +3% to growth.
  • Adjusted EBITDA margin for the first quarter 2026 increased to 25.1% (+300 bps) primarily due to strong passive products and protection volume leverage.

Transportation Segment

  • Net sales for the first quarter 2026 increased +5% as organic sales increased +1% while favorable FX contributed +4% to growth. Organic sales growth benefited from improved passenger vehicle organic sales (+4% organic) and favorable pricing, which offset lower commercial vehicle sales (-1% organic). Passenger vehicle strength was driven by content expansion, more than offsetting lower global passenger car builds and sensor declines in the first quarter. Lower commercial vehicle organic sales reflected the previously disclosed exit of the marine business.
  • Adjusted EBITDA margin for the first quarter 2026 increased to 19.1% (+200 bps) driven by volume leverage and operational execution.

Industrial Segment

  • Net sales for the first quarter 2026 increased +45%. Organic sales increased +5% as improved grid & utility infrastructure and data center demand, along with favorable pricing, more than offset lower HVAC demand. The Basler acquisition and favorable FX also contributed +39% and +1% to growth, respectively.
  • Adjusted EBITDA margin for the first quarter 2026 increased to 21.9% (+340 bps) driven by favorable volume leverage and mix.

Dividend

  • The company will pay a cash dividend on its common stock of $0.75 per share on June 4, 2026, to shareholders of record as of May 21, 2026.

Conference Call and Webcast Information

Littelfuse will host a conference call on Wednesday, May 6, 2026, at 8:00 a.m. Central Time to discuss the results. The call will be broadcast and available for replay at Littelfuse.com. A slide presentation is available in the Investor Relations section of the company’s website at Littelfuse.com.

About Littelfuse

Littelfuse, Inc. (NASDAQ: LFUS) is a diversified, industrial technology manufacturing company empowering a sustainable, connected, and safer world. Across more than 20 countries, and with approximately 17,000 global associates, we partner with customers to design and deliver innovative, reliable solutions. Serving over 100,000 end customers, our products are found in a variety of industrial, transportation and electronics end markets – everywhere, every day. Learn more at Littelfuse.com.

“Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995

The statements in this press release that are not historical facts are intended to constitute "forward-looking statements" entitled to the safe-harbor provisions of the Private Securities Litigation Reform Act. Such statements are based on Littelfuse, Inc.’s (“Littelfuse” or the “Company”) current expectations and are subject to a number of factors and uncertainties, which could cause actual results to differ materially from those described in the forward-looking statements. These risks, uncertainties and other factors include, but are not limited to, risks and uncertainties relating to general economic conditions; product demand and market acceptance; economic conditions; the impact of competitive products and pricing; product quality problems or product recalls; capacity and supply difficulties or constraints; coal mining exposures reserves; cybersecurity matters; failure of an indemnification for environmental liability; changes in import and export duty and tariff rates; exchange rate fluctuations; commodity price fluctuations; the effect of the Company's accounting policies; labor disputes and shortages; restructuring costs in excess of expectations; pension plan asset returns less than assumed; uncertainties related to political or regulatory changes; integration of acquisitions may not be achieved in a timely manner, or at all; limited realization of the expected benefits from investment and strategic plans; the risk that expected benefits, synergies and growth prospects of the transaction with Basler may not be achieved in a timely manner, or at all; and other risks which may be detailed in the company's Securities and Exchange Commission filings. Should one or more of these risks or uncertainties materialize or should the underlying assumptions prove incorrect, actual results and outcomes may differ materially from those indicated or implied in the forward-looking statements. This release should be read in conjunction with information provided in the financial statements appearing in the company's Annual Report on Form 10-K for the year ended December 27, 2025.

Further discussion of the risk factors of the company can be found under the caption "Risk Factors" in the company's Annual Report on Form 10-K for the year ended December 27, 2025, and in other filings and submissions with the SEC, each of which are available free of charge on the company’s investor relations website at investor.littelfuse.com and on the SEC’s website at www.sec.gov. These forward-looking statements are made as of the date hereof. The company does not undertake any obligation to update, amend or clarify these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the availability of new information.

Non-GAAP Financial Measures

The information included in this press release and other materials filed with the SEC may include non-GAAP financial measures including organic net sales (decline) growth, adjusted operating income, adjusted operating margin, adjusted EBITDA, adjusted EBITDA margin, adjusted diluted earnings per share, adjusted income taxes, adjusted effective tax rate, free cash flow, net debt, consolidated EBITDA, and consolidated net leverage ratio (as defined in the credit agreement). Many of these non-GAAP financial measures exclude the effect of certain expenses and income not related directly to the underlying performance of our fundamental business operations. A reconciliation of these non-GAAP financial measures to the most directly comparable GAAP financial measures is set forth in the attached schedules. The company believes that organic net sales (decline) growth, adjusted operating income, adjusted operating margin, adjusted EBITDA, adjusted EBITDA margin, adjusted diluted earnings per share, adjusted income taxes, and adjusted effective tax rate provide useful information to investors regarding its operational performance because they enhance an investor’s overall understanding of the company’s core financial performance and facilitate comparisons to historical results of operations, by excluding items that are not related directly to the underlying performance of its fundamental business operations or were not part of the company’s business operations during a comparable period. The company believes that free cash flow is a useful measure of its ability to generate cash. The company believes that net debt, consolidated EBITDA, and consolidated net leverage ratio are useful measures of its credit position. The company believes that all of these non-GAAP financial measures are commonly used by financial analysts and others in the industries in which we operate, and thus further provide useful information to investors. Management additionally uses these measures when assessing the performance of the business and for business planning purposes. Note that the company’s definitions of these non-GAAP financial measures may differ from those terms as defined or used by other companies.

LFUS-F

 

LITTELFUSE, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

 

 

 

(Unaudited)

 

 

(in thousands, except share and per share data)

 

March 28,
2026

 

December 27,
2025

ASSETS

 

 

 

 

Current assets:

 

 

 

 

Cash and cash equivalents

 

$

481,697

 

$

563,391

Short-term investments

 

 

279

 

 

287

Trade receivables, less allowances of $79,896 and $77,073 at March 28, 2026 and December 27, 2025, respectively

 

 

380,963

 

 

363,215

Inventories

 

 

418,922

 

 

416,472

Prepaid income taxes and income taxes receivable

 

 

5,240

 

 

6,137

Prepaid expenses and other current assets

 

 

89,135

 

 

85,832

Total current assets

 

 

1,376,236

 

 

1,435,334

Net property, plant, and equipment

 

 

533,528

 

 

540,640

Intangible assets, net of amortization

 

 

570,025

 

 

594,907

Goodwill

 

 

1,209,792

 

 

1,211,411

Investments

 

 

19,524

 

 

20,010

Deferred income taxes

 

 

5,471

 

 

5,255

Right of use lease assets

 

 

82,520

 

 

86,263

Other long-term assets

 

 

60,455

 

 

62,976

Total assets

 

$

3,857,551

 

$

3,956,796

LIABILITIES AND EQUITY

 

 

 

 

Current liabilities:

 

 

 

 

Accounts payable

 

$

222,666

 

$

211,079

Accrued liabilities

 

 

170,787

 

 

199,271

Accrued income taxes

 

 

33,354

 

 

26,186

Current portion of long-term debt

 

 

100,483

 

 

96,233

Total current liabilities

 

 

527,290

 

 

532,769

Long-term debt, less current portion

 

 

531,049

 

 

706,394

Deferred income taxes

 

 

101,612

 

 

102,335

Accrued post-retirement benefits

 

 

39,084

 

 

38,733

Non-current lease liabilities

 

 

69,122

 

 

71,765

Other long-term liabilities

 

 

75,330

 

 

78,766

Total equity

 

 

2,514,064

 

 

2,426,034

Total liabilities and equity

 

$

3,857,551

 

$

3,956,796

LITTELFUSE, INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(Unaudited)

 

 

 

Three Months Ended

(in thousands, except per share data)

 

March 28,
2026

 

March 29,
2025

Net sales

 

$

656,969

 

 

$

554,307

 

Cost of sales

 

 

402,820

 

 

 

347,051

 

Gross profit

 

 

254,149

 

 

 

207,256

 

 

 

 

 

 

Selling, general, and administrative expenses

 

 

99,325

 

 

 

87,708

 

Research and development expenses

 

 

29,737

 

 

 

26,048

 

Amortization of intangibles

 

 

16,500

 

 

 

14,331

 

Restructuring, impairment, and other charges

 

 

7,422

 

 

 

9,019

 

Total operating expenses

 

 

152,984

 

 

 

137,106

 

Operating income

 

 

101,165

 

 

 

70,150

 

 

 

 

 

 

Interest expense

 

 

6,977

 

 

 

8,875

 

Foreign exchange (gain) loss

 

 

(2,413

)

 

 

4,843

 

Other income, net

 

 

(130

)

 

 

(3,515

)

Income before income taxes

 

 

96,731

 

 

 

59,947

 

Income taxes

 

 

21,584

 

 

 

16,376

 

Net income

 

$

75,147

 

 

$

43,571

 

 

 

 

 

 

Earnings per share:

 

 

 

 

Basic

 

$

3.00

 

 

$

1.76

 

Diluted

 

$

2.96

 

 

$

1.75

 

 

 

 

 

 

Weighted-average shares and equivalent shares outstanding:

 

 

 

 

Basic

 

 

25,074

 

 

 

24,767

 

Diluted

 

 

25,420

 

 

 

24,963

 

 

 

 

 

 

Comprehensive income

 

$

55,973

 

 

$

81,168

 

LITTELFUSE, INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited)

 

 

 

Three Months Ended

(in thousands)

 

March 28, 2026

 

March 29, 2025

OPERATING ACTIVITIES

 

 

 

 

Net income

 

$

75,147

 

 

$

43,571

 

Adjustments to reconcile net income to net cash provided by operating activities:

 

 

42,614

 

 

 

37,658

 

Changes in operating assets and liabilities:

 

 

 

 

Trade receivables

 

 

(21,783

)

 

 

(14,745

)

Inventories

 

 

(6,740

)

 

 

8,699

 

Accounts payable

 

 

8,567

 

 

 

(8,772

)

Accrued liabilities and income taxes

 

 

(19,802

)

 

 

(8,044

)

Prepaid expenses and other assets

 

 

2,255

 

 

 

7,391

 

Net cash provided by operating activities

 

 

80,258

 

 

 

65,758

 

 

 

 

 

 

INVESTING ACTIVITIES

 

 

 

 

Acquisitions of businesses, net of cash acquired

 

 

(2,508

)

 

 

(57,417

)

Purchases of property, plant, and equipment

 

 

(14,094

)

 

 

(23,102

)

Net proceeds from sale of property, plant and equipment, and other

 

 

31

 

 

 

11

 

Net cash used in investing activities

 

 

(16,571

)

 

 

(80,508

)

 

 

 

 

 

FINANCING ACTIVITIES

 

 

 

 

Net payments of credit facility

 

 

(166,250

)

 

 

(53,750

)

Repurchases of common stock

 

 

—

 

 

 

(27,374

)

Cash dividends paid

 

 

(18,836

)

 

 

(17,335

)

All other cash provided by financing activities

 

 

42,430

 

 

 

1,425

 

Net cash used in financing activities

 

 

(142,656

)

 

 

(97,034

)

Effect of exchange rate changes on cash, cash equivalents, and restricted cash

 

 

(2,762

)

 

 

5,603

 

Decrease in cash, cash equivalents, and restricted cash

 

 

(81,731

)

 

 

(106,181

)

Cash, cash equivalents, and restricted cash at beginning of period

 

 

565,104

 

 

 

726,437

 

Cash, cash equivalents, and restricted cash at end of period

 

$

483,373

 

 

$

620,256

 

LITTELFUSE, INC.

NET SALES AND OPERATING INCOME BY SEGMENT

(Unaudited)

 

 

 

First Quarter

(in thousands)

 

 

2026

 

 

 

2025

 

 

%
Growth

Net sales

 

 

 

 

 

 

Electronics

 

$

362,775

 

 

$

307,249

 

 

18.1

%

Transportation

 

 

170,381

 

 

 

161,862

 

 

5.3

%

Industrial

 

 

123,813

 

 

 

85,196

 

 

45.3

%

Total net sales

 

$

656,969

 

 

$

554,307

 

 

18.5

%

 

 

 

 

 

 

 

Operating income

 

 

 

 

 

 

Electronics

 

$

70,279

 

 

$

46,766

 

 

50.3

%

Transportation

 

 

24,103

 

 

 

18,917

 

 

27.4

%

Industrial

 

 

20,761

 

 

 

13,074

 

 

58.8

%

Other (a)

 

 

(13,978

)

 

 

(8,607

)

 

N.M.

 

Total operating income

 

$

101,165

 

 

$

70,150

 

 

44.2

%

Operating Margin

 

 

15.4

%

 

 

12.7

%

 

 

 

 

 

 

 

 

 

Interest expense

 

 

6,977

 

 

 

8,875

 

 

 

Foreign exchange (gain) loss

 

 

(2,413

)

 

 

4,843

 

 

 

Other income, net

 

 

(130

)

 

 

(3,515

)

 

 

Income before income taxes

 

$

96,731

 

 

$

59,947

 

 

61.4

%

(a) "Other" typically includes non-GAAP adjustments such as acquisition-related and integration costs, purchase accounting inventory adjustments, and restructuring and impairment charges. See Supplemental Financial Information for details.

 

N.M. - Not meaningful

 

 

 

First Quarter

(in thousands)

 

2026

 

 

2025

 

 

%
Growth

Operating Margin

 

 

 

 

 

 

Electronics

 

19.4

%

 

15.2

%

 

4.2

%

Transportation

 

14.1

%

 

11.7

%

 

2.4

%

Industrial

 

16.8

%

 

15.3

%

 

1.5

%

LITTELFUSE, INC.

SUPPLEMENTAL FINANCIAL INFORMATION

(In millions of USD except per share amounts - unaudited)

 

 

 

 

 

Non-GAAP EPS reconciliation

 

 

 

 

 

 

Q1-26

 

Q1-25

GAAP diluted EPS

 

$

2.96

 

$

1.75

EPS impact of Non-GAAP adjustments (below)

 

 

0.35

 

 

0.44

Adjusted diluted EPS

 

$

3.31

 

$

2.19

Non-GAAP adjustments - expense / (income)

 

 

 

 

 

 

Q1-26

 

Q1-25

Acquisition-related and integration costs (a)

 

$

1.2

 

 

$

0.1

 

Purchase accounting inventory adjustments (b)

 

 

5.4

 

 

 

(0.5

)

Restructuring, impairment and other charges (c)

 

 

7.4

 

 

 

9.0

 

Non-GAAP adjustments to operating income

 

 

14.0

 

 

 

8.6

 

Other income, net (d)

 

 

2.7

 

 

 

—

 

Non-operating foreign exchange (gain) loss

 

 

(2.4

)

 

 

4.8

 

Non-GAAP adjustments to income before income taxes

 

 

14.3

 

 

 

13.4

 

Income taxes (e)

 

 

5.3

 

 

 

2.3

 

Non-GAAP adjustments to net income

 

$

9.0

 

 

$

11.1

 

 

 

 

 

 

Total EPS impact

 

$

0.35

 

 

$

0.44

 

Adjusted operating margin / Adjusted EBITDA reconciliation

 

 

 

 

 

 

Q1-26

 

Q1-25

Net income

 

$

75.1

 

 

$

43.6

 

Add:

 

 

 

 

Income taxes

 

 

21.6

 

 

 

16.4

 

Interest expense

 

 

7.0

 

 

 

8.9

 

Foreign exchange (gain) loss

 

 

(2.4

)

 

 

4.8

 

Other income, net

 

 

(0.1

)

 

 

(3.5

)

GAAP operating income

 

$

101.2

 

 

$

70.2

 

Non-GAAP adjustments to operating income

 

 

14.0

 

 

 

8.6

 

Adjusted operating income

 

$

115.1

 

 

$

78.8

 

Amortization of intangibles

 

 

16.5

 

 

 

14.3

 

Depreciation expense

 

 

19.0

 

 

 

18.4

 

Adjusted EBITDA

 

$

150.6

 

 

$

111.5

 

 

 

 

 

 

Net sales

 

$

657.0

 

 

$

554.3

 

Net income as a percentage of net sales

 

 

11.4

%

 

 

7.9

%

Operating margin

 

 

15.4

%

 

 

12.7

%

Adjusted operating margin

 

 

17.5

%

 

 

14.2

%

Adjusted EBITDA margin

 

 

22.9

%

 

 

20.1

%

Adjusted EBITDA by Segment

 

Q1-26

 

Q1-25

 

 

Electronics

 

Transportation

 

Industrial

 

Electronics

 

Transportation

 

Industrial

GAAP operating income

 

$

70.3

 

 

$

24.1

 

 

$

20.8

 

 

$

46.8

 

 

$

18.9

 

 

$

13.1

 

Add:

 

 

 

 

 

 

 

 

 

 

 

 

Add back amortization

 

 

9.0

 

 

 

3.4

 

 

 

4.1

 

 

 

9.8

 

 

 

3.3

 

 

 

1.2

 

Add back depreciation

 

 

11.8

 

 

 

5.0

 

 

 

2.2

 

 

 

11.4

 

 

 

5.5

 

 

 

1.5

 

Adjusted EBITDA

 

$

91.0

 

 

$

32.5

 

 

$

27.1

 

 

$

68.0

 

 

$

27.7

 

 

$

15.8

 

Adjusted EBITDA Margin

 

 

25.1

%

 

 

19.1

%

 

 

21.9

%

 

 

22.1

%

 

 

17.1

%

 

 

18.5

%

Net sales reconciliation

 

Q1-26 vs. Q1-25

 

 

Electronics

 

Transportation

 

Industrial

 

Total

Net sales growth

 

18

%

 

5

%

 

45

%

 

19

%

Less:

 

 

 

 

 

 

 

 

Acquisitions

 

—

%

 

—

%

 

39

%

 

6

%

FX impact

 

3

%

 

4

%

 

1

%

 

3

%

Organic net sales growth

 

15

%

 

1

%

 

5

%

 

9

%

Electronics segment net sales reconciliation

 

Q1-26 vs. Q1-25

 

 

Electronics - Passive
Products and Sensors

 

Electronics -
Semiconductor

 

Total Electronics

Net sales growth

 

26

%

 

11

%

 

18

%

Less:

 

 

 

 

 

 

FX impact

 

4

%

 

3

%

 

3

%

Organic net sales growth

 

22

%

 

8

%

 

15

%

Transportation segment net sales reconciliation

 

Q1-26 vs. Q1-25

 

 

Commercial
Vehicle Products

 

Passenger Car
Products (1)

 

Auto Sensor
Products (1)

 

Total
Transportation

Net sales growth

 

1

%

 

10

%

 

1

%

 

5

%

Less:

 

 

 

 

 

 

 

 

FX impact

 

2

%

 

4

%

 

8

%

 

4

%

Organic net sales (decline) growth

 

(1

)%

 

6

%

 

(7

)%

 

1

%

(1) Passenger vehicle business (PVB) includes passenger car and auto sensor products.

Income tax reconciliation

 

 

 

 

 

 

Q1-26

 

Q1-25

Income taxes

 

$

21.6

 

 

$

16.4

 

Effective rate

 

 

22.3

%

 

 

27.3

%

Non-GAAP adjustments - income taxes

 

 

5.3

 

 

 

2.3

 

Adjusted income taxes

 

$

26.9

 

 

$

18.7

 

Adjusted effective rate

 

 

24.2

%

 

 

25.5

%

Free cash flow reconciliation

 

 

 

 

 

 

Q1-26

 

Q1-25

Net cash provided by operating activities

 

$

80.3

 

 

$

65.8

 

Less: Purchases of property, plant, and equipment

 

 

(14.1

)

 

 

(23.1

)

Free cash flow

 

$

66.2

 

 

$

42.7

 

Consolidated Total Debt

 

As of March 28, 2026

Consolidated total debt

 

$

631.5

 

Unamortized debt issuance costs

 

 

3.5

 

Finance lease liability

 

 

0.2

 

Consolidated funded indebtedness

 

 

635.2

 

Cash held in U.S. (up to $400 million)

 

 

67.6

 

Net debt

 

$

567.6

 

 

 

Consolidated EBITDA

 

Twelve Months Ended
March 28, 2026

Net Loss

 

$

(40.3

)

Interest expense

 

 

32.4

 

Income taxes

 

 

80.5

 

Depreciation expense

 

 

75.4

 

Amortization expense

 

 

62.0

 

Non-cash additions:

 

 

Stock-based compensation expense

 

 

28.1

 

Purchase accounting inventory step-up charge

 

 

6.4

 

Unrealized loss on investments

 

 

2.1

 

Impairment charges

 

 

301.9

 

Other

 

 

34.1

 

Consolidated EBITDA (1)

 

$

582.6

 

 

Consolidated Net Leverage Ratio (as defined in the Credit Agreement) *

 

1.0

x

* Our Credit Agreement and Private Placement Note with maturities ranging from 2027 to 2031, contain financial ratio covenants providing that if, as of the last day of each fiscal quarter, the Consolidated Net Leverage ratio at such time for the then most recently concluded period of four consecutive fiscal quarters of the Company exceeds 3.50:1.00, an Event of Default (as defined in the Credit Agreement and Private Placement Senior Notes) is triggered.

 

The Credit Agreement was amended in Q1 2026 and now allows to add restructuring charges and business optimization expenses in addition to the prior credit agreement.

 

(1) Represents Consolidated EBITDA as defined in our Credit Agreement and Private Placement Senior Notes and is calculated using the most recently concluded period of four consecutive quarters.

 

Note: Total will not always foot due to rounding.

 

(a) Reflected in selling, general and administrative expenses ("SG&A").

(b) Reflected in cost of sales.

(c) Reflected in restructuring, impairment and other charges.

(d) 2026 included the reversal of an indemnification receivable of $2.7 million related to lapses in the statute of limitations for previously unrecognized tax benefits recognized in the first quarter of 2026.

(e) Reflected the tax impact associated with the non-GAAP adjustments including $2.7 million of tax benefits due to lapses in the statute of limitations for previously unrecognized tax benefits recognized in the first quarter of 2026.

 

David Kelley
224-727-2535
dkelley@littelfuse.com

Source: Littelfuse, Inc.