Littelfuse, Inc. (NASDAQ:LFUS) Q1 2024 Earnings Conference Call May 1, 2024 10:00 AM ET
Company Participants
David Kelley - Head of Investor Relations
David Heinzmann - President and Chief Executive Officer
Meenal Sethna - Executive Vice President and Chief Financial Officer
Conference Call Participants
Luke Junk - Baird
Matthew Sheerin - Stifel
Joshua Buchalter - Cowen
Christopher Glynn - Oppenheimer
Saree Boroditsky - Jefferies
David Williams - Benchmark
Operator
Good day, everyone, and welcome to the Littelfuse First Quarter 2024 Earnings Conference Call. Today's call is being recorded.
At this time, I will turn the call over to the Head of Investor Relations, David Kelly. Please proceed.
David Kelley
Good morning and welcome to the Littelfuse First Quarter 2024 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 first quarter and a copy of our earnings release and slide presentation is available in the Investor Relations section on 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 discussions today will include forward-looking statements. These forward-looking statements may involve significant risks and uncertainties. Please review yesterday's press release and our Form 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 on the Investor Relations section of our website.
I will now turn the call over to Dave.
David Heinzmann
Thank you, David. Good morning and thanks for joining us today. Let's start with highlights on Slide 4. The first quarter of 2024 brought a continuation of several of the themes we previously discussed and expect it to continue into the New Year. We continue to see meaningful new business opportunities and design activity across our diverse set of end markets.
Our customers remain committed to advancing sustainability, connectivity and safety themes, and we are helping them drive innovations across a broad base of applications. Our experienced global team continues to deliver solid execution amid an ongoing challenging macro environment.
Following a record cash flow year in 2023, our strong first quarter cash generation reflects our disciplined operating model. Finally, our balance sheet and significant financial capacity provide us with the continued flexibility to enhance our long-term positioning.