Littelfuse Reports Q4 Loss, Meets Analyst Estimates, Raises Q1 Guidance
CHICAGO, Feb 15 (Reuters) - Littelfuse Inc. (LFUS) posted a fourth-quarter loss on Tuesday, largely driven by one-time charges, but the company's adjusted earnings and revenue surpassed Wall Street expectations.
Key Financial Highlights:
* Loss per share: $1.57
* Adjusted earnings per share: $2.04, matching analyst estimates
* Revenue: $529.5 million, exceeding analyst consensus of $524.3 million
* Full-year profit: $113 million, or $4.51 per share
* Full-year revenue: $2.19 billion
Littelfuse attributed its loss to a $59.1 million charge related to its acquisition of IXYS Corporation. Excluding this charge, the company would have reported a profit.
Q1 2022 Guidance:
* Earnings per share: $1.70 to $1.90
* Revenue: $520 million to $550 million
The company's upbeat outlook reflects its confidence in ongoing demand for its circuit protection products.