Littelfuse Inc. reported third‑quarter 2025 results, showing net sales of $624.6 million, up 10.1% from $567 million in the same quarter of 2024. Operating income rose to $97.4 million, giving an operating margin of 15.6%, a 10‑basis‑point improvement over the 15.5% margin reported in Q3 2024.
Segment performance was led by Electronics, which grew 18% to $357.5 million, driven by strong demand for passive products and protection semiconductors. Industrial sales increased 4% to $95.9 million, supported by energy‑storage, renewable‑energy, and data‑center demand, while Transportation sales remained flat at $171.3 million. Adjusted diluted earnings per share were $2.95, up 9% from $2.71 in Q3 2024.
Management guided fourth‑quarter revenue to $580 million, slightly below the consensus estimate of $590 million. The company reiterated its outlook for 2025 earnings growth and highlighted continued mixed end‑market conditions, noting higher stock and variable‑compensation costs that offset some operational leverage gains.
Littelfuse announced a $350 million all‑cash acquisition of Basler Electric, a move that expands its high‑growth industrial portfolio and is expected to add roughly $125 million in annual revenue. The transaction is structured at 13.5× forecasted full‑year 2025 EBITDA and is projected to close by the end of Q4 2025, becoming accretive to adjusted earnings per share in 2026.
Financially, the company generated $295 million in cash flow from operations and $246 million in free cash flow during the quarter, ending with $815 million in cash on hand and a net debt‑to‑EBITDA ratio of 0.9×. These metrics underscore Littelfuse’s strong liquidity position as it pursues growth through organic expansion and strategic acquisitions.
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