LFUS - More on Littelfuse's Q4 results; guides 1Q21 revenue above and EPS in-line with consensus

Littelfuse ([[LFUS]] -1.8%) reported Q4 net sales growth of ~18% Y/Y to $400.7M, and organically +16%; Electronics sales grew 17%; Automotive sales grew 22%; and Industrial sales grew 13%.Q4 Gross margin improved by 86 bps to 34.5%; and operating margin improved by 670 bps to 16.2%.Adj. EBITDA increased by 52.1% Y/Y to $90.8M; and margin improved by 502 bps to 22.7%.Company reported Cash flow from operations YTD of $258M and free cash flow was $201.8M, representing a 155% conversion from net income.Littelfuse completed the acquisition of Hartland Controls, a manufacturer and leading supplier of electrical components, with annualized sales of ~$70M.1Q21 Outlook: Net sales in the range of $418M to $432M vs. $388.74M consensus; and adj. EPS in the range of $1.76 to $1.92 vs. $1.78 consensus.Previously: Littelfuse EPS beats by $0.65, beats on revenue (Feb. 3)

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More on Littelfuse's Q4 results; guides 1Q21 revenue above, and EPS in-line with consensus