Littelfuse Inc. (NASDAQ:LFUS) Q4 2019 Earnings Conference Call - Final Transcript

Jan 29, 2020 • 10:00 am ET


Littelfuse Inc. (NASDAQ:LFUS) Q4 2019 Earnings Conference Call - Final Transcript


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Meenal A. Sethna

approximately $0.20. We are projecting a 2020 tax rate range of 17% to 19%. We are estimating $22 million in interest expense and amortization expense of $40 million for the year and we've assumed $24.7 million for our full year share count. We expect to spend $80 million to $85 million in capital expenditures for the year. This elevated level of investment incorporates the footprint programs I mentioned and a resurrection of some of the capacity expansion programs we deferred last year.

Looking ahead, we continue to closely monitor our cost structure and spending levels proactively adjusting our activities to align with market dynamics. Amidst an evolving macro environment, we remain focused on executing our long-term growth strategy, delivering additional value for all stakeholders.

And with that, I'll turn it over to Dave for some final comments.

David Heinzmann

Thanks, Meenal. In summary during 2019, we made significant progress across our business segments as we continue to execute our growth strategy in a challenging market. Looking ahead, we are confident that our strong business fundamentals and operational excellence, position our company for profitable growth through the course of 2020.

The evolution of our company continues to highlight the importance and value of our Board of Directors and consistent with this, I'm pleased that Maria Green retired Senior Vice President and General Counsel of Ingersoll-Rand will join our board effective February 1. Maria brings a wealth of global public company leadership experience and will be a great addition to the Littelfuse board. On that note, I want to thank our Littelfuse associates around the globe for the commitment in 2019. And I look forward to their contributions in 2020 and beyond as we create additional value for all Littelfuse stakeholders.

With that, we'll open the call for questions.