Littelfuse, Inc., established in 1927 and headquartered in Illinois, USA, is a global leader in industrial technology, with a mission to create a more sustainable, connected, and safer world. With a workforce of approximately 17,000 employees across 20+ countries and around 100,000 end customers, Littelfuse serves diverse markets, including automotive, electronics, energy, and industrial sectors. The company’s extensive portfolio includes circuit protection solutions, high-voltage DC components, and electronic testing services, with products like fuses, semiconductors, relays, and temperature sensors widely used in applications ranging from EV charging and battery management to renewable energy and medical devices. 

Under the leadership of CEO David Heinzmann, Littelfuse achieved $2.36 billion in revenue for 2023, though income dipped by 5.9% from the previous year, likely reflecting global economic challenges. Littelfuse’s growth strategy emphasizes both organic expansion and acquisitions, aiming for double-digit revenue growth with a targeted 5-7% annual increase in organic growth, supported by strategic acquisitions. Financial discipline is central to this strategy, with the company focused on maintaining operating margins of 17-19% and EBITDA margins of 21-23%, and setting ambitious targets to ensure free cash flow matches net income, with capital expenditures at 4-5% of revenue. 

The company’s five-year strategy targets high-teens return on invested capital (ROIC) and has driven impressive early results, including compound annual growth rates (CAGR) of 18% for revenue and 22% for adjusted EPS over the past three years. Recent initiatives, such as the acquisition of Western Automation and a partnership with Yuwell Medical Group, reflect Littelfuse’s commitment to growth and innovation. Focused on sustainability, connectivity, and safety, Littelfuse is well-positioned to leverage its operational and technological strengths, ensuring its continued leadership in the industrial technology sector and readiness to meet evolving global demands.