Littelfuse Q4 Loss Widens

Littelfuse

264.47 CHF -0.80%

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(RTTNews) - Littelfuse, Inc. (LFUS), a technology manufacturing company, on Wednesday, reported its net loss widened in the fourth quarter compared with the previous year.

For the fourth quarter, net loss widened to $242.14 million from $51.79 million in the prior year.

Loss per share was $9.72 versus $2.09 last year.

Adjusted net income increased to $309.8 million from $90 million in the previous year.

Adjusted earnings per share were $2.69 versus $1.53 last year.

On average, five analysts had expected the company to report $2.53 per share. Analysts' estimates typically exclude special items.

Adjusted EBITDA increased to $121.6 million from $83 million in the previous year.

Operating loss widened to $222.82 million from $49.50 million in the prior year.

Net sales increased to $593.93 million from $529.51 million in the previous year.

Further, the company said it will pay a cash dividend of $0.75 per share on March 5 to shareholders of record as of February 19.

On Tuesday, Littelfuse closed trading 1.96% higher at $296.17 on the Nasdaq.