Littelfuse (NASDAQ: LFUS) reported Q1 EPS of $2.67, $0.77 better than the analyst estimate of $1.90. Revenue for the quarter came in at $463.8 million versus the consensus estimate of $426.64 million.

• Net sales of $463.8 million were up 34% versus the prior year period, and up 26% organically, due to strong demand across a number of electronics, automotive and industrial end markets
• Growth by segment versus the prior year period:
  • Electronics sales grew 34% (up 32% organically)
  • Automotive sales grew 23% (up 17% organically)
  • Industrial sales grew 80% (up 10% organically)
• GAAP diluted EPS was $2.32; adjusted diluted EPS was $2.67, a growth of 107% and includes $0.54 of benefits related to a non-operating mark-to-market gain and lower effective tax rate compared to the prior year period
• GAAP effective tax rate was 20.6% and the adjusted effective tax rate was 19.2%
• Cash flow from operations was $50.2 million and free cash flow was $35.4 million

“We are off to a strong start this year, delivering double-digit revenue and EPS growth well ahead of expectations,” said Dave Heinzmann, Littelfuse President and Chief Executive Officer. “Our agile teams around the world continue to navigate through this dynamic market environment while meeting commitments to our customers. Looking ahead, we are seeing healthy demand across a number of our end markets aligned to the strategic, structural growth themes of a sustainable, connected, and safer world. We remain confident we are well-positioned for long-term profitable growth.”

For earnings history and earnings-related data on Littelfuse (LFUS) click here.