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Littelfuse, Inc. is a diversified industrial technology manufacturing company founded in 1927. It is dedicated to empowering a sustainable, connected, and safer world by designing and delivering innovative, reliable solutions. Littelfuse operates across more than 20 countries and partners with over 100,000 end customers to provide products found in various industrial, transportation, and electronics end markets .
- Electronics Segment - Offers a broad range of products including fuses, resettable fuses, switches, interconnect solutions, suppressors, varistors, magnetic sensing, gas discharge tubes, and semiconductor products like TVS diodes, thyristors, MOSFETs, and IGBTs .
- Transportation Segment - Supplies circuit protection and sensing technologies to global automotive OEMs, Tier One suppliers, and the automotive aftermarket, with a focus on passenger and commercial vehicles .
- Industrial Segment - Designs and sells industrial fuses, controls, and sensors for applications such as renewable energy, industrial safety, and electric vehicle infrastructure .
| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Gregory N. Henderson ExecutiveBoard | President and Chief Executive Officer | None | Dr. Henderson joined LFUS as a board member in 2023 and became CEO in February 2025. Previously, he held senior roles at Analog Devices and Hittite Microwave Corporation. He holds a Ph.D. in Electrical Engineering. | View Report → |
Alexander Conrad Executive | SVP and General Manager, Passenger Vehicle Business | None | Joined LFUS in 2005. Progressed through various leadership roles in sales and product management. Currently oversees the Passenger Vehicle Business. | |
Chad Marak Executive | SVP and General Manager, Semiconductor Products | None | Joined LFUS in 2007 as a Senior Design Engineer. Progressed through roles in marketing and product management before becoming SVP in 2022. | |
Deepak Nayar Executive | SVP and General Manager, Electronics Business | None | Joined LFUS in 2005. Held leadership roles in sales and business development. Currently leads the Electronics Business. | |
Maggie Chu Executive | SVP and Chief Human Resources Officer | None | Joined LFUS in 2021. Previously held HR leadership roles at Caterpillar and GE. Oversees talent management and organizational development. | |
Matthew J. Cole Executive | SVP, eMobility and Corporate Strategy | None | Joined LFUS in 2015 as SVP of the Industrial Business Unit. Currently leads eMobility and corporate strategy initiatives. | |
Meenal A. Sethna Executive | Executive Vice President and Chief Financial Officer | None | Joined LFUS in 2015 as SVP of Finance and became CFO in 2016. Previously, she was VP and Corporate Controller at Illinois Tool Works. She is a CPA in Illinois. | |
Peter Kim Executive | SVP and General Manager, Industrial Business | None | Joined LFUS in 2003. Held roles in procurement, sales, and product management before becoming SVP of the Industrial Business in 2022. | |
Ryan K. Stafford Executive | EVP, Mergers and Acquisitions, Chief Legal Officer, and Corporate Secretary | None | Joined LFUS in 2007 as General Counsel and Chief HR Officer. He became EVP in 2021, focusing on M&A and legal strategy. | |
Anthony Grillo Board | Director | None | Director at LFUS since 1991. Founder of American Securities Advisors. Brings expertise in financial markets and corporate acquisitions. | |
Gayla J. Delly Board | Director | Director at Broadcom Inc. and Flowserve Corporation | Appointed to LFUS Board in 2023. Former CEO of Benchmark Electronics. Brings leadership and financial expertise. | |
Gordon Hunter Board | Chairman of the Board | Director at Veeco Instruments, Inc. | Joined LFUS in 2002. Served as CEO from 2005 to 2017. Currently Chairman of the Board and a director at Veeco Instruments. | |
Kristina A. Cerniglia Board | Director | None | Director at LFUS since 2018. Former CFO of Hillenbrand and Briggs & Stratton. Brings over 30 years of financial expertise. | |
Maria C. Green Board | Director | Director at Tennant Company, WEC Energy Group, and Fathom Digital Manufacturing Corporation | Director at LFUS since 2020. Former General Counsel at Ingersoll-Rand and Illinois Tool Works. Brings governance and risk management expertise. | |
Tzau-Jin Chung Board | Director | Director at Airgain, Inc. and Fathom Digital Manufacturing Corporation | Director at LFUS since 2007. Founding Senior Partner at Core Industrial Partners. Brings expertise in strategic planning and M&A. | |
William P. Noglows Board | Director | Director at Aspen Aerogels, Inc. | Director at LFUS since 2007. Former Chairman and CEO of CMC Materials. Brings expertise in technology and financial markets. |
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Given the ongoing weakening of global passenger vehicle production and slowing EV production growth, how do you plan to offset these challenges and drive growth in your transportation segment going forward?
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With cautious customer ordering patterns and challenging end market conditions, particularly in Europe and China, persisting, what specific strategies are you implementing to stimulate demand and improve order visibility in your electronics segment?
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You mentioned that conversion from design-in to production is taking longer due to customer cautiousness; how is this impacting your revenue projections, and what measures are you taking to accelerate this conversion process?
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Despite the margin improvements this quarter aided by favorable currency impacts and mix, how sustainable are these margins, and what steps are you taking to mitigate potential headwinds from currency fluctuations going forward?
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Considering the significant softness in industrial end markets, especially in Europe and China, how are you adjusting your operations and cost structures to navigate this prolonged down cycle, and when do you anticipate a recovery in these markets?
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
Dortmund Fab | 2024 | Planned acquisition of a 200mm wafer fab in Dortmund, Germany from Elmos Semiconductor SE for approximately 93 million Euro (with a down payment of 37.2 million Euro and a remaining ~56 million Euro at closing in early FY2025), expected to be reported within the Electronics-Semiconductor business without a material fiscal 2024 impact. |
Western Automation Research and Development Limited | 2023 | Completed on February 3, 2023, this deal involved a cash transaction of about $162 million that secured capabilities in designing and manufacturing electrical shock protection devices for high-growth sectors like e-Mobility and renewables, with the transaction contributing significant goodwill and intangible assets. |
C&K Switches | 2022 | Completed on July 19, 2022, C&K Switches was acquired for $540 million in cash to add a premier manufacturer of electromechanical switches with over $200 million in annualized sales into the Electronics segment, generating $278 million in goodwill and supporting complementary market expansion. |
Embed Ltd. | 2022 | Completed on April 12, 2022, the $9.2 million (net of cash) acquisition of Embed Ltd. enhanced the company's software design, engineering, and technical expertise for transportation and IoT applications, integrating it into the Commercial Vehicle business within the Transportation segment. |
Recent press releases and 8-K filings for LFUS.
- New CEO Dr. Greg Henderson has been appointed, leveraging his prior board experience and leadership roles at ADI to champion a comprehensive strategy focused on portfolio integration and market expansion.
- Company leadership is actively advancing a strategy that emphasizes pricing modernization, sales structure realignment, and operational improvements to stimulate growth across diverse end markets.
- There is notable progress in key segments, with recovery in passive and protection semiconductors and margin improvements in transportation and industrial areas, driven in part by strategic acquisitions like Carling Technologies.
- Revenue reached $554 million (up 4% YoY with 3% organic growth) with GAAP diluted earnings of $1.75 and adjusted EPS of $2.19 (up 24%)
- Operational efficiency was demonstrated with $66 million in operating cash flow and $43 million in free cash flow, achieving near 100% free cash flow conversion
- The quarter delivered $45 million returned to shareholders via dividends and share buybacks
- Leadership updates featured an ongoing CFO transition plan alongside the appointment of new CEO Dr. Greg Henderson, underscoring a strategic focus on future growth
- Management emphasized a diversified supply chain and effective tariff mitigation, expecting minimal tariff impact on Q2 earnings supported by a strong backlog and book-to-bill performance
- Q1 2025 Results: Reported net sales of $554 million (+3.5% YoY) and GAAP diluted EPS of $1.75, with adjusted diluted EPS of $2.19 reflecting a strong quarter.
- Segment Performance: Electronics sales grew by 5.5%, Transportation declined by 5%, and Industrial revenue surged by 15%, contributing to improved operating margins.
- Q2 Guidance: Expecting Q2 net sales in the range of $565–$595 million and adjusted EPS between $2.10–$2.40, indicating continued momentum.
- Capital Deployment: The company returned $45 million to shareholders via dividends and share buybacks, with free cash flow of $43 million, underscoring robust cash generation.