Littelfuse raises guidance for second quarter

• Sales for the second quarter are now expected to be in the range of USD 312 to 314 million, compared to previous guidance of USD 301 to 311 million.
• GAAP diluted earnings per share guidance range for the second quarter is expected to be USD 2.09 to 2.13.
• Adjusted diluted earnings per share guidance range for the second quarter is now expected to be USD 2.08 to 2.12, compared to previous guidance of USD 1.83 to 1.97.
• Adjusted diluted earnings per share excludes expenses relating to integration of acquisitions and non-operating foreign exchange gains and losses.

The revised second quarter guidance is primarily due to stronger demand exceeding the forecast across the electronics segment and a lower adjusted effective tax rate for the second quarter, due to a discrete tax benefit resulting from the new stock compensation accounting guidance.