$LFUS (Littelfuse Inc.)

$LFUS {{ '2016-07-21T14:40:00+0000' | timeago}} • Announcement

$LFUS said its BoD declared a dividend on its common stock of $0.33 per share for 3Q16. This represents a 13.8% increase from the prior dividend rate of $0.29 per share. The dividend equates to an annualized dividend rate of $1.32 per share. The dividend will be paid on Sept. 8, 2016 to shareholders of record as of Aug. 25, 2016.

$LFUS {{ '2017-07-18T12:16:42+0000' | timeago}} • Announcement

$LFUS has revised its guidance for 2Q17, due to stronger demand exceeding the forecast of electronic segment, The company now expects sales to be in the range of $312-314MM from $301-311MM. GAAP EPS is expected to be about $2.09-2.13 and non-GAAP EPS to be $2.08-2.12.

$LFUS {{ '2017-07-10T12:51:35+0000' | timeago}} • Announcement

Electrical fuse maker $LFUS purchased the assets of US Sensor Corp., a manufacturer of devices for heat sensing applications, as part of expanding its sensor portfolio. Littelfuse did not reveal the financial terms of the transaction. The acquisition is not expected to have any material impact on the company’s 2017 revenue and earnings projections.

$LFUS {{ '2017-03-02T15:09:16+0000' | timeago}} • Announcement

$LFUS has made an incremental $15MM investment in Monolith Semiconductor Inc., a Texas-based start-up developing silicon carbide technology. This additional investment is expected to reduce $LFUS EPS by $0.09 across 2Q17 through 4Q17.

$LFUS {{ '2016-11-16T20:30:04+0000' | timeago}} • Announcement

$LFUS announced the transition of Gordon Hunter, Chairman, President, and CEO, to the role of Executive Chairman, effective Jan. 1, 2017. Dave Heinzmann, COO, will assume the position of President and CEO at that time and will join the company's BoD, bringing the size of the Board to eight members.

$LFUS {{ '2016-10-21T23:13:12+0000' | timeago}} • Announcement

The BoD of $LFUS declared 4Q16 dividend of $0.33 per share of common stock. The dividend is payable on December 8, 2016 to shareholders of record as of November 23, 2016.

$LFUS {{ '2016-10-03T14:36:52+0000' | timeago}} • Announcement

$LFUS has made product upgrades to its Industrial Shock-Block SB6100, Special-Purpose Ground-Fault Circuit-Interrupter (GFCI). These upgrades include flexible protection with adjustable trip settings to avoid nuisance tripping in high-noise applications and an automatic self-test feature that ensures the unit is operating properly.

$LFUS {{ '2016-08-30T07:00:51+0000' | timeago}} • Announcement

Circuit protection products company $LFUS said it has completed the acquisition of a select product portfolio from $ON for $104MM. The product portfolio includes transient voltage suppression diodes, switching thyristors and insulated gate bipolar transistors for automotive ignition applications.

$LFUS {{ '2016-08-26T13:48:44+0000' | timeago}} • Announcement

$LFUS said it agreed to buy select product portfolio from ON Semiconductor. Once transfer of products is complete, $LFUS expects this purchase to have EBITDA margins of more than 30%. Including amortization, interest and integration expenses, $LFUS expect EPS impact of this acquisition to be neutral in 2016, and accretive in 2017 and beyond.

$LFUS {{ '2016-08-26T13:46:00+0000' | timeago}} • Announcement

$LFUS said it plans to invest about $30MM in semiconductor fabrication locations to enhance its production capabilities, add significant capacity to its China fabrication facility and transfer production of acquired portfolio. The expected productivity gains will drive long term profitable growth across semiconductor business.

$LFUS {{ '2016-08-26T13:44:53+0000' | timeago}} • Announcement

$LFUS said it agreed to buy product portfolio of transient voltage suppression diodes, switching thyristors and insulated gate bipolar transistors for automotive ignition applications from ON Semiconductor for $104MM. The transactions are expected to close in late August 2016.

$LFUS {{ '2016-08-26T11:22:49+0000' | timeago}} • Announcement

$LFUS expects the $ON product lines acquisition to have EBITDA margins of more than 30%. Including amortization, interest and integration expenses, company expects the acquisition to be neutral to diluted EPS in 2016 and add to diluted EPS in 2017 and beyond.

$LFUS {{ '2016-08-26T11:22:15+0000' | timeago}} • Announcement

Circuit protection company $LFUS said it plans to invest about $30MM in its semiconductor fabrication locations to enhance its production capabilities, add capacity to its China fabrication facility and transfer production of the portfolios it acquired from $ON. The transfers will occur over next few years.

$ON {{ '2016-08-26T11:12:34+0000' | timeago}} • Announcement

$ON also entered into a separate deal with $LFUS to sell its transient voltage suppression diode and switching thyristor product lines, which together with the divestiture of Ignition IGBT was sold for $104MM in cash. No manufacturing assets will be transferred related to the divestiture or sale. Both asset sales are expected to close on Aug. 29.

$ON {{ '2016-08-26T11:12:08+0000' | timeago}} • Announcement

$ON said the US FTC has accepted a proposed consent order for public comment and has terminated the Hart-Scott-Rodino waiting period applicable to $ON's proposed acquisition of $FCS. As per $FTC's request that $ON dispose of its planar insulated gate bipolar transistor business, $ON has signed a deal to divest the Ignition IGBT business to $LFUS.

$LFUS {{ '2016-07-21T14:40:00+0000' | timeago}} • Announcement

$LFUS said its BoD declared a dividend on its common stock of $0.33 per share for 3Q16. This represents a 13.8% increase from the prior dividend rate of $0.29 per share. The dividend equates to an annualized dividend rate of $1.32 per share. The dividend will be paid on Sept. 8, 2016 to shareholders of record as of Aug. 25, 2016.

$LFUS {{ '2016-04-22T20:47:15+0000' | timeago}} • Announcement

$LFUS said its BoD approved a share repurchase program, effective May 1, 2016, that authorizes the company to buy back up to $1MM shares through April 30, 2017. The company's existing share repurchase authorization of $1MM shares had 650,000 shares remaining in the program as of January 2, and will expire on April 30.

$LFUS {{ '2016-04-04T21:05:20+0000' | timeago}} • Announcement

Electronic manufacturing company $LFUS said it completed the acquisition of Legnago, Italy-based Menber's S.p.A. Menber's employs approx. 120 associates and had sales of approx. $23MM in 2015. Transaction terms were not disclosed.

$LFUS {{ '2016-03-31T15:18:34+0000' | timeago}} • Announcement

Circuit protection technologies provider $LFUS said it has launched a new line of high-speed fuses for protection of power semiconductor devices used in industrial equipment. The POWR-SPEED fuse design reduces peak let-through current and let-through energy to maximize protection of semiconductor devices.

$LFUS {{ '2016-02-01T16:11:14+0000' | timeago}} • Announcement

Circuit protection devices maker $LFUS said Philip Franklin, CFO and EVP, will retire after 17 years of service with company. Meenal Sethna, SVP, finance, will succeed Franklin as CFO. Franklin will transition CFO responsibilities to Sethna at end of March and will remain with company through July in advisory role.

$LFUS {{ '2015-11-10T18:04:36+0000' | timeago}} • Announcement

$LFUS to acquire the circuit protection business of $TEL for $350MM in cash. The circuit-protection business had an estimated $190MM in revenue in 2015. The company said it expects the transaction to immediately add to earnings and is expected to close in 1Q16. The business is based in CA, with manufacturing plants in China and Japan.

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