CHICAGO, February 26, 2020 - Littelfuse, Inc. (NASDAQ: LFUS), a global manufacturer of leading technologies in circuit protection, power control and sensing, announced today that as a result of the ongoing COVID-19 outbreak, the Company does not expect to meet its first quarter 2020 sales and adjusted diluted EPS guidance provided on 29. Januar 2020. Given the extremely fluid situation, the Company is currently unable to quantify the full impact of COVID-19 on its first quarter, and will provide additional information during its first quarter earnings call, expected on April 29, 2020.
“The first quarter guidance we provided in January reflected the best information we had available on the COVID-19 outbreak at that time,” said
Dave Heinzmann
, Littelfuse President and Chief Executive Officer. "While all of our factories are operational globally, our China factories are meaningfully ramping back towards full production levels. However, logistics constraints and potential outbreak impacts to our customers make it difficult to accurately project demand."
Mr. Heinzmann continued, "Our first priority remains the safety, health and well-being of our global associates, their families and communities. We have taken proactive measures to protect our people and their extended networks and will continue to take necessary actions. We are very thankful to our global associates, customers, partners and vendors for their unwavering efforts as we collectively work together during this uncertain time."
Über Littelfuse
Littelfuse (NASDAQ: LFUS) ist ein globaler Hersteller von führenden Technologien in den Bereichen Stromkreisschutz, Leistungssteuerung und Sensorik. Unsere Produkte werden von mehr als 100.000 Endkunden eingesetzt und finden sich in Automobilen und Nutzfahrzeugen, Industrieanwendungen, der Daten- und Telekommunikation, medizinischen Geräten, Unterhaltungs- und Haushaltselektronik und Elektrogeräten. Unsere 11.000 weltweiten Partner arbeiten mit Kunden zusammen, um innovative, qualitativ hochwertige Lösungen für eine sicherere, grünere und zunehmend vernetzte Welt zu entwickeln, sie zu produzieren und zu liefern – überall, jeden Tag. Learn more at Littelfuse.com.
„Safe Harbor“-Bestimmungen des US-amerikanischen Private Securities Litigation Reform Act von 1995
Aussagen in dieser Pressemeldung, bei denen es sich nicht um historische Tatsachen handelt, sind als „zukunftsgerichtete Aussagen“ im Sinne der „Safe Harbor“-Bestimmungen des PSLRA zu betrachten. These statements may involve risks and uncertainties, including, but not limited to, risks relating to product demand and market acceptance; economic conditions; the impact of competitive products and pricing; product quality problems or product recalls; capacity and supply difficulties or constraints; coal mining exposures reserves; failure of an indemnification for environmental liability; exchange rate fluctuations; commodity price fluctuations; the effect of Littelfuse, Inc.'s ("Littelfuse" or the "Company") accounting policies; labor disputes; restructuring costs in excess of expectations; pension plan asset returns less than assumed; integration of acquisitions; uncertainties related to political or regulatory changes and other risks which may be detailed in the company's Securities and Exchange Commission filings. Should one or more of these risks or uncertainties materialize or should the underlying assumptions prove incorrect, actual results and outcomes may differ materially from those indicated or implied in the forward-looking statements. This release should be read in conjunction with information provided in the financial statements appearing in the company's Annual Report on Form 10-K for the year ended December 28, 2019. For a further discussion of the risk factors of the company, please see Item 1A. "Risk Factors" to the company's Annual Report on Form 10-K for the year ended December 28, 2019.
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