Revenue Growth
Littelfuse reported a 10% revenue growth relative to the prior year, with $613 million in total revenue for the quarter. Organic sales grew by 6%.
Adjusted EBITDA Margin Expansion
The company achieved a 280 basis point increase in adjusted EBITDA margin, reaching 21.4%.
Strong Segment Performance
Industrial Products segment saw a 17% organic sales growth, while Transportation Products segment sales increased by 6% with a 610 basis point improvement in adjusted EBITDA margin.
Strategic Progress
New CFO Abhi Khandelwal joined the company, contributing to strategic growth, operational scaling, and strategic acquisitions.
Positive Book-to-Bill Ratio
The company maintained a book-to-bill ratio above 1, with bookings exiting the quarter at the highest run rate since the first half of 2022.