Littelfuse, Inc. (NASDAQ:LFUS) Q2 2022 Earnings Conference Call August 3, 2022 10:00 AM ET

Company Participants

Trisha Tuntland - Head of IR

David Heinzmann - President & CEO

Meenal Sethna - EVP & CFO

Conference Call Participants

Nikolay Todorov - Longbow Research

Matthew Sheerin - Stifel

Luke Junk - Baird

Joshua Buchalter - Cowen

David Kelley - Jefferies

David Silver - CL King

Operator

Good day, everyone, and welcome to the Littelfuse, Inc. Second Quarter 2022 Conference Call. Today's call is being recorded. All participants will be in listen-only mode. [Operator Instructions] After today’s presentation, there will be an opportunity to ask questions. [Operator Instructions]

At this time, I will turn the call over to the Head of Investor Relations, Trisha Tuntland. Please go ahead, ma'am.

Trisha Tuntland

Good morning, and welcome to the Littelfuse second quarter 2022 earnings conference call. With me today are Dave Heinzmann, President and CEO; and Meenal Sethna, Executive Vice President and CFO. Yesterday, we reported results for our second quarter, and a copy of our earnings release and slide presentation is available in the Investor Relations section of our website. A webcast of today's conference call will also be available on our website.

Please advance to Slide 2 for our disclaimers. Our discussion today will include forward-looking statements. These forward-looking statements may involve significant risks and uncertainties. Please review yesterday'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.

I will now turn the call over to Dave.

David Heinzmann

Thank you, Trisha. Good morning, and thanks for joining us today. Let's start with Slide 4, which provides an overview of recent highlights. We delivered very strong second quarter results, which were above our expectations. Our continued outperformance within a volatile environment was driven by strong customer pull and the persistent operational executive of our associates. We achieved revenue growth of 18% and expanded adjusted earnings by 25% compared to last year.

Across our Electronics, Transportation and Industrial segments, we attained double-digit sales increases, driven by demand creation for our broad range of products and our leverage of capabilities and resources from our recent acquisitions. Our first half double-digit sales and earnings growth is a testament to our global team's execution across the breadth of our end markets within the structural themes of sustainability, connectivity and safety.