LITTELFUSE INC /DE

Littelfuse, Inc. presented its strategic vision and financial ambitions at its Investor Day on May 14, 2026. The company targets $4.5 billion in revenue and $1.1 billion in adjusted EBITDA by 2030, driven by a sharpened focus on high-growth opportunities in electrification and strategic acquisitions. Littelfuse plans to achieve 7-9% organic revenue CAGR and 6-8% inorganic revenue CAGR, alongside significant margin expansion and strong free cash flow generation, aiming for over $25.00 adjusted EPS.

Littelfuse reported strong first-quarter 2026 financial results with significant increases in net sales, net income, and diluted EPS compared to the prior year. The company also completed a major debt restructuring, eliminating a $300 million term loan and increasing its revolving credit facility to $800 million. This financial performance was supported by growth across all segments, particularly the Industrial segment.

Littelfuse reported strong first-quarter 2026 results, exceeding expectations with net sales of $657 million, a 19% increase year-over-year, and adjusted diluted EPS of $3.31, up 51%. All segments delivered growth and margin expansion, driven by solid market demand and strategic execution. The company also provided optimistic second-quarter guidance, projecting net sales between $690 million and $710 million and adjusted diluted EPS of $3.65 to $3.85, supported by a strong backlog and continued customer momentum.

Littelfuse, Inc. has amended and restated its Long-Term Incentive Plan and is granting Performance Share Awards (PSUs) to participants. These PSUs will vest based on the Company's Relative Total Shareholder Return (TSR) Percentile over a three-year performance period, with payouts ranging from 0% to 200% of the target, capped at 100% if the company's TSR is negative. The plan includes specific provisions for vesting upon retirement, death, disability, or a change in control, and dividend equivalents will accrue subject to vesting conditions.