Strong Revenue Growth
Littelfuse delivered a 10% revenue growth relative to the prior year, driven by strong Electronics segment growth and continued performance in the Industrial segment despite mixed demand.
Acquisition of Basler Electric
Littelfuse announced the acquisition of Basler Electric, valued at approximately $350 million, enhancing capabilities in high-growth power generation and distribution markets.
Design Wins and Sales Realignment
Design wins are up more than double year-to-date, with significant progress in the data center market. The company realigned its sales structure to better serve customers, contributing to significant growth in design wins.
Strong Cash Generation
Operating cash flow was $147 million, with $131 million in free cash flow generated in the third quarter. Year-to-date free cash flow is $246 million, with a conversion rate of 145%.