[Gen-AI Analysis] Littelfuse, Inc. Business Report FY ended 2012 - MarkLines Automotive Information & Gen-AI Platform

Littelfuse, Inc. Business Report FY ended Dec. 2012

Business Highlights

Financial Overview

(in million dollars)

	FY ended Dec. 31, 2012	FY ended Dec. 31, 2011	Rate of change (%)	Factors
Overall
Sales	667.9	665.0	0.4	-Sales increased by 16.6 million dollars because of business acquisition, offset by lower electronics sales and the unfavorable foreign currency effects.
Operating income	106.9	113.9	(6.1)	-
Electronics
Sales	329.5	354.5	(7.1)	-
Automotive
Sales	206.2	197.6	4.4	-Sales increased by 12.9 million dollars because of two business acquisitions, offset by a decline in commercial vehicle sales and unfavorable currency effects.
Electrical
Sales	132.2	112.9	17.1	-

Acquisitions

-The Company announced that it has acquired ACCEL AB, based in Vanersborg, Sweden. ACCEL is a manufacturer of electromechanical products, including sensors and switches, primarily for the automotive industry. ACCEL, which has a production site in Kaunas, Lithuania, had 2011 revenues of approximately 16 million euros. (From a press release on June 1, 2012)

-On September 26, 2012, the Company acquired 100% of Terra Power Systems, LLC, a U.S.manufacturer of electromechanical components including power distribution modules and fuse holders for commercial vehicle products in the automotive industry for 10.6 million dollars.

Awards

-The Company announced that it has received Delphi's 2011 Above & Beyond Award. (From a press release on April 9, 2012)

Outlook for FY ending Dec. 31, 2013

-Revenues for 2013 are expected to be in the range of 680.0 million dollars to 720.0 million dollars.

R&D

R&D Expenditure

(in million dollars)

	FY ended Dec. 31, 2012	FY ended Dec. 31, 2011	FY ended Dec. 31, 2010
Overall	21.2	19.4	17.6

R&D Facilities

-Deployed in US, Canada, China, Germany, the Philippines, Taiwan and Mexico.

Product Development

-The Company has developed a new line of open LED protectors, the PLED6M Series, which are designed to provide a switching electronic shunt path when an LED in an LED string fails as an open circuit. This ensures that the entire array of LEDs will continue providing illumination. The new LED protectors can be used in applications where uninterrupted illumination is critical, such as street, subway, runway, and tunnel lighting, as well as vehicle headlights, roadside warning lights, and outdoor signage. (From a press release on August 6, 2012)

Investment Activities

Capital Expenditure

(in million dollars)

	FY ended Dec. 31, 2012	FY ended Dec. 31, 2011	FY ended Dec. 31, 2010
Total	22.5	17.6	22.4

-Capital expenditures for FY ending Dec. 31, 2013 are expected to be in the range of 25.0 million dollars to 30.0 million dollars primarily related to building expansion in Mexico.

Investment Outside USA

<Canada, the Philippines and Mexico>
-The Company announced that its capital expenditures were 3.2 million USD in the first quarter of 2012, and they are expected to increase over the next three quarters due to building expansions at the Company's manufacturing sites in Canada, the Philippines and Mexico. Capital expenditures for the 2012 year are expected to be in the range of 30 to 35 million USD. (From a press release on May 3, 2012)