Littelfuse Q4 Profit Surges, Guides Q1 In Line - Quick Facts

(RTTNews) - Littelfuse, Inc. (LFUS) announced fourth-quarter net income of $23.65 million or $1.04 per share, higher than $9.83 million or $0.44 per share in the prior-year quarter.

Excluding charges, adjusted earnings for the quarter $1.08 per share, compared to $0.81 per share in the year-ago quarter.

On average, six analysts polled by Thomson Reuters expected the company to report earnings of $1.03 per share for the quarter. Analysts' estimates typically exclude special items.

Total net sales for the quarter grew 25 percent to $198.13 million from $158.79 million in the same quarter last year. Five Wall Street analysts had a consensus revenue estimate of $191.35 million for the quarter.

Sales included $22.8 million of sales from the Hamlin acquisition. Excluding Hamlin, sales increased only 10 percent.

The company also declared a cash dividend of $0.22 per common share, payable on March 6 to shareholders of record at the close of business on February 19, 2014.

Looking ahead to first quarter of fiscal 2014, the company expects earnings in a range of $0.98 to $1.12 per share, on projected quarterly sales between $195 million and $205 million. Street is currently looking for first-quarter earnings of $1.10 per share of sales of $196.08 million.