Littelfuse Inc. (NASDAQ:LFUS) Q2 2020 Earnings Conference Call - Final Transcript

Jul 29, 2020 • 10:00 am ET

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Littelfuse Inc. (NASDAQ:LFUS) Q2 2020 Earnings Conference Call - Final Transcript

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Presentation
Operator
Operator

Good day, everyone, and welcome to the Littelfuse Second Quarter 2020 Earnings Conference Call. Today's call is being recorded. At this time, I will turn the call over to the Head of Investor Relations, Trisha Tuntland. Please proceed.

Executive
Trisha Tuntland

Good morning, and welcome to the Littelfuse Second Quarter 2020 Earnings Conference Call. With me today are Dave Heinzmann, President and CEO; and Meenal Sethna, Executive Vice President and CFO.

Before we begin, we are deeply saddened by the sudden passing of Baird sell-side analyst, David Leiker. Notably, David followed our company for many years, and his passion for his work and quality of research will be greatly missed. Our thoughts go to David's family and the Baird team.

This morning, we're reporting results for our second quarter, and a copy of our earnings release is available in the Investor Relations section of our website. A webcast of today's conference call will also be available on our website.

Our discussion today will include forward-looking statements. These forward-looking statements may involve significant risks and uncertainties. Please review today's press release and our Forms 10-K and 10-Q for more detail about important risks that could cause actual results to differ materially from our expectations. We assume no obligation to update any of this forward-looking information.

Also, our remarks today refer to non-GAAP financial measures. A reconciliation of these non-GAAP financial measures to the most comparable GAAP measure is provided in our earnings release available in the Investor Relations section of our website.

Before proceeding, I'd like to mention that we will be participating in the Jefferies and CL King virtual conferences in August and September, and we look forward to engaging with you during these outreach opportunities.

I will now turn the call over to Dave.

Executive
David Heinzmann

Thank you, Trisha. Good morning and thanks for joining us today. First, our thoughts go out to everyone who continues to be impacted by COVID-19. Over the last several months, we continued to see extraordinary efforts from global medical professionals, first responders and other essential personnel as the world joins together to overcome this persistent crisis. Daily, these individuals are making personal sacrifices, yet continue to demonstrate outstanding leadership. And we're truly thankful for their unwavering commitment and service.

Since the earliest signs of the outbreak, our top priorities have been clear: first, protect our global associates, their families and the communities in which we operate; second, support our customers; and third, preserve the long-term financial health of the business. Our actions and performance are an indication that we stand firm by these priorities.

I also want to personally thank each one of our Littelfuse associates around the world for their ongoing remarkable leadership during this time of tremendous uncertainty. We have all come together at Littelfuse to do our part to help slow the spread of the coronavirus. We are complying with recommended safety procedures, including hygiene and disinfection protocols, social distancing and wearing personal protective equipment. We expect these actions will continue for the foreseeable future. Today,