Inc. (NASDAQ:LFUS) today reported sales and earnings for the fourth
quarter and full year of 2013.
Fourth Quarter Highlights
"Sales for the fourth quarter were better than expected due to continued
strong performance of our automotive business and less-than-usual
seasonal decline in our electronics business," said Gordon Hunter, Chief
Executive Officer. "Fuses, commercial vehicle products and sensors all
contributed to the strong automotive growth. Electronics also had solid
performance across all product categories."
Full Year Highlights
"While 2013 had its share of challenges, we executed well and had our
best year ever," said Hunter. "We set records for both sales and
earnings. We are on track with most of our organic growth initiatives,
and our acquisition program has been productive, as we closed our
largest acquisition ever in June and followed that up with a smaller but
strategically important acquisition seven months later."
The company will pay a cash dividend of $0.22 per common share on March
6, 2014 to shareholders of record at the close of business on February
Conference Call and Webcast Information
Littelfuse will host a conference call today, Wednesday, February 5,
2014, at 10:00 a.m. Central / 11:00 a.m. Eastern time to discuss the
fourth quarter results. The call will be broadcast live over the
Internet and can be accessed through the company's website: www.littelfuse.com.
Listeners should go to the website at least 15 minutes prior to the call
to download and install any necessary audio software. The call will be
available for replay through March 31, 2014 on the company's website.
Founded in 1927, Littelfuse is the world leader in circuit protection
with growing global platforms in power control and sensing. The company
serves customers in the electronics, automotive and industrial markets
with technologies including fuses, semiconductors, polymers, ceramics,
relays and sensors. Littelfuse has over 7,000 employees in more than 35
locations throughout the Americas, Europe and Asia. For more
information, please visit the Littelfuse website: 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 PSLRA. These statements may involve risks
and uncertainties, including, but not limited to, risks relating to
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, failure of an indemnification for environmental
liability, exchange rate fluctuations, commodity price fluctuations, the
effect of the company's accounting policies, labor disputes,
restructuring costs in excess of expectations, pension plan asset
returns less than assumed, integration of acquisitions and other risks
which may be detailed in the company's other 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 report 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 29, 2012. For a further discussion of the risk factors of the
company, please see Item 1A. "Risk Factors" to the company's
Annual Report on Form 10-K for the year ended December 29, 2012.
LFUS - F
(In thousands of USD, unaudited)
December 28, 2013
December 29, 2012
For the Three Months Ended
For the Twelve Months Ended
Diluted Net Income Per Share
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