LITTELFUSE RAISES GUIDANCE FOR FOURTH QUARTER
2010-01-12 07:00:00CHICAGO, January 12, 2010 – Littelfuse, Inc. (NASDAQ:LFUS) today announced revised guidance for the fourth quarter of 2009 as follows:
“Electronics and automotive sales are exceeding our expectations in all regions due primarily to the strength of the global economic recovery,” said Gordon Hunter, Chief Executive Officer. “Our operations teams have responded well to this higher demand with well-executed production ramp-ups across most product lines.”
“Our margins continue to improve as expected at these higher sales levels, reflecting our leaner cost structure and reduced breakeven point,” said Phil Franklin, Chief Financial Officer.
No conference call will be held in conjunction with this revised guidance. Littelfuse is scheduled to release financial results for the fourth quarter on Monday, February 8, 2010.
About Littelfuse
As the worldwide leader in circuit protection products and solutions with annual sales of $530.9 million in 2008, the Littelfuse portfolio is backed by industry-leading technical support, design and manufacturing expertise. Littelfuse products are vital components in virtually every product that uses electrical energy, including automobiles, computers, consumer electronics, handheld devices, industrial equipment and telecom/datacom circuits. Littelfuse offers Teccor®, Wickmann® and Pudenz® brand circuit protection products. In addition to its Chicago, Illinois, world headquarters, Littelfuse has sales, distribution, manufacturing and engineering facilities in Brazil, Canada, China, England, Germany, Hong Kong, India, Japan, Korea, Mexico, the Netherlands, the Philippines, Singapore, Taiwan and the U.S.
For more information, please visit Littelfuse’s web site at www.littelfuse.com.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995. Any forward looking statements contained herein involve risks and uncertainties, including, but not limited to, product demand and market acceptance risks, the effect of economic conditions, the impact of competitive products and pricing, product development and patent protection, commercialization and technological difficulties, capacity and supply constraints or difficulties, exchange rate fluctuations, actual purchases under agreements, the effect of the company's accounting policies, and other risks which may be detailed in the company's Securities and Exchange Commission filings.
