Earnings release
Page 1
Littelfuse Reports Third Quarter Results for 2026 October, 28, 2026 Third Quarter Highlights: (Year-over-year comparisons unless otherwise noted) Record net sales of $767 million, including a reduction of $28.5 million related to a one-time Dortmund contract amendment fee recorded as a reduction of semiconductor net sales Organic growth contributed +22% Cash flow from operations of $230 million, +57%; Free cash flow of $216 million, +64% YTD cash flow from operations of $457 million, +55%; YTD free cash flow of $409 million, +66% GAAP diluted earnings per share of $4.49, +62% Record adjusted diluted earnings per share of $5.79, +96% GAAP operating margin of 20.0%, +440 bps; Adjusted EBITDA margin of 28.4%, +690 bps CHICAGO--(BUSINESS WIRE)-- Littelfuse, Inc. (NASDAQ: LFUS), a leader in developing smart solutions that enable safe and efficient electrical energy transfer, today reported financial results for its third quarter ended September 26, 2026: “We delivered strong third quarter results reflecting broad-based demand strength, disciplined execution, and continued momentum across the portfolio,” said Greg Henderson, Littelfuse President and Chief Executive Officer. “Our teams drove significant growth across our segments, while delivering meaningful margin expansion and robust cash generation as we continued to advance our strategic priorities.” “Looking ahead to the fourth quarter, we continue to see strong demand across our diverse market exposures, and we expect approximately +28% yr/yr revenue growth. We remain focused on scaling our high growth opportunities, partnering with our market leading customers, enhancing operational excellence, and deploying capital with discipline as we execute our long-term strategy.” Fourth Quarter of 2026* Based on current market conditions, for the fourth quarter the Company expects: Net sales in the range of $750 - $770 million, adjusted diluted EPS in the range of $5.05 - $5.25 and an adjusted effective tax rate of approximately ~24% *Littelfuse provides guidance on a non-GAAP (adjusted) basis. GAAP items excluded from guidance may include the after-tax impact of items including acquisition and integration costs, restructuring, impairment and other charges, certain purchase accounting adjustments, non-operating foreign exchange adjustments and significant and unusual items. These items are uncertain, depend on various factors, and could be material to results computed in accordance with GAAP. Accordingly, Littelfuse is not able to forecast the excluded items in order to provide the most directly comparable GAAP financial measure without unreasonable efforts. Third Quarter 2026 Segment Performance Highlights Electronics Segment Net sales for the third quarter 2026 increased to $426 million, including the previously disclosed $28.5 million (€24.6 million) one-time Dortmund contract amendment fee recorded as a reduction of semiconductor net sales. Organic sales increased +27% driven by improved passive products (+30% organic). Semiconductor products (+24% organic) also contributed to growth driven by increased protection and power semiconductor volumes. Adjusted EBITDA margin for the third quarter 2026 increased to 33.1% (+910 bps) due to volume leverage, operational execution, and favorable price and product mix. Transportation Segment Net sales for the third quarter 2026 increased +7%, both reported and organic, to $183 million. Organic sales growth benefited from improved commercial vehicle sales (+20% organic), which offset lower passenger vehicle organic sales (-5%). Commercial vehicle sales growth benefited from improved truck, data center, material handling, construction and agricultural equipment demand. Lower passenger vehicle sales were impacted by lower global passenger car builds and auto sensor product declines. Adjusted EBITDA margin for the third quarter 2026 increased to 19.6% (+280 bps) driven by commercial vehicle volume leverage and operational execution. Industrial Segment Net sales for the third quarter 2026 increased +65% to $158 million. Organic sales increased +27% driven by improved data center, grid & utility infrastructure, HVAC, industrial automation, and construction demand. The Basler Electric Company (“Basler”) acquisition contributed +38% to growth. Adjusted EBITDA margin for the third quarter 2026 increased to 25.2% (+450 bps) driven by improved volume leverage, operational efficiencies, and favorable price and product mix. Dividend The Company announced a quarterly cash dividend of $0.80 per share on its common stock. The dividend will be paid on December 3, 2026, to shareholders of record as of November 19, 2026. Conference Call and Webcast Information Littelfuse will host a conference call on Wednesday, October 28, 2026, at 8:00 a.m. Central Time to discuss the results. The call will be broadcast and available for replay at Littelfuse.com. A slide presentation will be available in the Investor Relations section of the Companyʼs website at Littelfuse.com. About Littelfuse 1/7
Page 2
Littelfuse, Inc. (NASDAQ: LFUS) is a diversified, industrial technology manufacturing company empowering a sustainable, connected, and safer world. Across more than 20 countries, and with approximately 18,000 global associates, we partner with customers to design and deliver innovative, reliable solutions. Serving over 100,000 end customers, our products are found in a variety of industrial, transportation and electronics end markets – everywhere, every day. Learn more at Littelfuse.com. “Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995 The statements in this press release that are not historical facts are intended to constitute "forward-looking statements" entitled to the safe-harbor provisions of the Private Securities Litigation Reform Act. Such statements are based on Littelfuse, Inc.ʼs (“Littelfuse” or the “Company”) current expectations and are subject to a number of factors and uncertainties, which could cause actual results to differ materially from those described in the forward-looking statements. These risks, uncertainties and other factors include, but are not limited to, risks and uncertainties relating to general economic conditions; product demand and market acceptance; the impact of competitive products and pricing; product quality problems or product recalls; capacity and supply difficulties or constraints; coal mining exposures reserves; cybersecurity matters; failure of an indemnification for environmental liability; changes in import and export duty and tariff rates; exchange rate fluctuations; commodity price fluctuations; the effect of the Company's accounting policies; labor disputes and shortages; restructuring costs in excess of expectations; pension plan asset returns less than assumed; uncertainties related to political or regulatory changes; integration of acquisitions may not be achieved in a timely manner, or at all; limited realization of the expected benefits from investment and strategic plans; the risk that expected benefits, synergies and growth prospects of our acquisitions may not be achieved in a timely manner, or at all; and other risks which may be detailed in the Companyʼs SEC 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 presentation 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 fiscal year ended December 27, 2025. Further discussion of the risk factors of the Company can be found under the caption “Risk Factors” in the Company's Annual Report on Form 10-K for the fiscal year ended December 27, 2025, and in other filings and submissions with the SEC, each of which is available free of charge on the Companyʼs investor relations website at investor.littelfuse.com and on the SECʼs website at www.sec.gov. These forward- looking statements are made as of the date hereof. The Company does not undertake any obligation to update, amend or clarify these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the availability of new information. Non-GAAP Financial Measures The information included in this press release and other materials filed with the SEC may include non-GAAP financial measures including organic net sales (decline) growth, adjusted net sales, adjusted operating income, adjusted operating margin, adjusted EBITDA, adjusted EBITDA margin, adjusted diluted earnings per share, adjusted income taxes, adjusted effective tax rate, free cash flow, net debt, consolidated EBITDA, and consolidated net leverage ratio (as defined in the Credit Agreement). Many of these non-GAAP financial measures exclude the effect of certain expenses and income not related directly to the underlying performance of our fundamental business operations. A reconciliation of these non-GAAP financial measures to the most directly comparable GAAP financial measures is set forth in the attached schedules. The Company believes that organic net sales (decline) growth, adjusted net sales, adjusted operating income, adjusted operating margin, adjusted EBITDA, adjusted EBITDA margin, adjusted diluted earnings per share, adjusted income taxes, and adjusted effective tax rate provide useful information to investors regarding its operational performance because they enhance an investorʼs overall understanding of the Companyʼs core financial performance and facilitate comparisons to historical results of operations, by excluding items that are not related directly to the underlying performance of its fundamental business operations or were not part of the Companyʼs business operations during a comparable period. The Company believes that free cash flow is a useful measure of its ability to generate cash. The Company believes that net debt, consolidated EBITDA, and consolidated net leverage ratio are useful measures of its credit position. The Company believes that all of these non-GAAP financial measures are commonly used by financial analysts and others in the industries in which we operate, and thus further provide useful information to investors. Management additionally uses these measures when assessing the performance of the business and for business planning purposes. Note that the Companyʼs definitions of these non-GAAP financial measures may differ from those terms as defined or used by other companies. LFUS-F 2/7
Page 3
LITTELFUSE, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (in thousands, except share and per share data) September 26, 2026 December 27, 2025 ASSETS Current assets: Cash and cash equivalents $ 824,840 $ 563,391 Short-term investments 359 287 Trade receivables, less allowances of $95,619 and $77,073 at September 26, 2026 and December 27, 2025, respectively 438,145 363,215 Inventories 443,990 416,472 Prepaid income taxes and income taxes receivable 3,238 6,137 Prepaid expenses and other current assets 102,077 85,832 Total current assets 1,812,649 1,435,334 Net property, plant, and equipment 507,749 540,640 Intangible assets, net of amortization 538,141 594,907 Goodwill 1,204,660 1,211,411 Investments 11,815 20,010 Deferred income taxes 3,800 5,255 Right of use lease assets 85,276 86,263 Other long-term assets 61,492 62,976 Total assets $ 4,225,582 $ 3,956,796 LIABILITIES AND EQUITY Current liabilities: Accounts payable $ 260,080 $ 211,079 Accrued liabilities 271,608 199,271 Accrued income taxes 48,108 26,186 Current portion of long-term debt 100,000 96,233 Total current liabilities 679,796 532,769 Long-term debt, less current portion 529,934 706,394 Deferred income taxes 103,106 102,335 Accrued post-retirement benefits 40,713 38,733 Non-current lease liabilities 72,068 71,765 Other long-term liabilities 75,782 78,766 Total equity 2,724,183 2,426,034 Total liabilities and equity $ 4,225,582 $ 3,956,796 LITTELFUSE, INC. CONDENSEDCONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) Three Months Ended Nine Months Ended (in thousands, except per share data) September 26, 2026 September 27, 2025 September 26, 2026 September 27, 2025 Net sales $ 766,729 $ 624,640 $ 2,162,479 $ 1,792,360 Cost of sales 448,173 383,652 1,283,710 1,112,062 Gross profit 318,556 240,988 878,769 680,298 Selling, general, and administrative expenses 114,608 99,570 334,511 282,795 Research and development expenses 29,722 27,332 90,496 79,781 Amortization of intangibles 14,648 15,037 45,852 44,220 Restructuring, impairment, and other charges 6,222 1,633 33,665 13,158 Total operating expenses 165,200 143,572 504,524 419,954 Operating income 153,356 97,416 374,245 260,344 Interest expense 5,689 8,578 18,405 26,021 Foreign exchange loss (gain) 1,697 175 (876) 15,466 Other income, net (4,244) (6,053) (7,293) (14,020) Income before income taxes 150,214 94,716 364,009 232,877 Income taxes 34,837 25,194 84,080 62,442 Net income $ 115,377 $ 69,522 $ 279,929 $ 170,435 Earnings per share: Basic $ 4.54 $ 2.80 $ 11.08 $ 6.88 Diluted $ 4.49 $ 2.77 $ 10.94 $ 6.82 Weighted-average shares and equivalent shares outstanding: Basic 25,401 24,837 25,260 24,786 Diluted 25,674 25,102 25,583 24,989 Comprehensive income $ 117,736 $ 65,985 $ 257,408 $ 302,408 3/7
Page 4
LITTELFUSE, INC. CONDENSEDCONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) Nine Months Ended (in thousands) September 26, 2026 September 27, 2025 OPERATING ACTIVITIES Net income $ 279,929 $ 170,435 Adjustments to reconcile net income to net cash provided by operating activities: 144,825 131,627 Changes in operating assets and liabilities: Trade receivables (77,483) (64,552) Inventories (30,711) 33,567 Accounts payable 46,876 12,757 Accrued liabilities and income taxes 98,090 611 Prepaid expenses and other assets (4,893) 10,654 Net cash provided by operating activities 456,633 295,099 INVESTING ACTIVITIES Acquisitions of businesses, net of cash acquired (1,663) (57,417) Purchases of property, plant, and equipment (47,474) (48,697) Net proceeds from sale of property, plant and equipment, and other 9,224 6,413 Net cash used in investing activities (39,913) (99,701) FINANCING ACTIVITIES Net payments of credit facility (166,250) (61,250) Repurchases of common stock — (27,553) Cash dividends paid (58,193) (53,311) All other cash provided by financing activities 72,071 15,840 Net cash used in financing activities (152,372) (126,274) Effect of exchange rate changes on cash, cash equivalents, and restricted cash (2,959) 20,868 Increase in cash, cash equivalents, and restricted cash 261,389 89,992 Cash, cash equivalents, and restricted cash at beginning of period 565,104 726,437 Cash, cash equivalents, and restricted cash at end of period $ 826,493 $ 816,429 LITTELFUSE, INC. NET SALES AND OPERATING INCOME BY SEGMENT (Unaudited) Third Quarter Year-to-Date (in thousands) 2026 2025 % Growth 2026 2025 % Growth Net sales Electronics $ 426,239 $ 357,457 19.2% $ 1,195,434 $ 1,000,372 19.5% Transportation 182,643 171,311 6.6% 535,435 512,573 4.5% Industrial 157,847 95,872 64.6% 431,610 279,415 54.5% Total net sales $ 766,729 $ 624,640 22.7% $ 2,162,479 $ 1,792,360 20.6% Operating income Electronics $ 102,350 $ 63,640 60.8% $ 259,545 $ 160,267 61.9% Transportation 27,330 20,187 35.4% 77,124 67,178 14.8% Industrial 33,345 16,918 97.1% 81,580 48,855 67.0% Other (a) (9,669) (3,329) N.M. (44,004) (15,956) N.M. Total operating income $ 153,356 $ 97,416 57.4% $ 374,245 $ 260,344 43.8% Operating Margin 20.0% 15.6% 17.3% 14.5% Interest expense 5,689 8,578 18,405 26,021 Foreign exchange loss (gain) 1,697 175 (876) 15,466 Other income, net (4,244) (6,053) (7,293) (14,020) Income before income taxes $ 150,214 $ 94,716 58.6% $ 364,009 $ 232,877 56.3% (a) "Other" typically includes non-GAAP adjustments such as acquisition-related and integration costs, purchase accounting inventory adjustments, and restructuring and impairment charges. See Supplemental Financial Information for details. N.M. - Not meaningful Third Quarter Year-to-Date (in thousands) 2026 2025 % Growth 2026 2025 % Growth Operating Margin Electronics 24.0% 17.8% 6.2% 21.7% 16.0% 5.7% Transportation 15.0% 11.8% 3.2% 14.4% 13.1% 1.3% Industrial 21.1% 17.6% 3.5% 18.9% 17.5% 1.4% 4/7
Page 5
LITTELFUSE, INC. SUPPLEMENTAL FINANCIAL INFORMATION (In millions of USD except per share amounts - unaudited) Non-GAAP EPS reconciliation Q3-26 Q3-25 YTD-26 YTD-25 GAAP diluted EPS $ 4.49 $ 2.77 $ 10.94 $ 6.82 EPS impact of Non-GAAP adjustments (below) 1.30 0.18 2.35 1.17 Adjusted diluted EPS $ 5.79 $ 2.95 $ 13.29 $ 7.99 Non-GAAP adjustments - expense / (income) Q3-26 Q3-25 YTD-26 YTD-25 One-time customer contract amendment fee (a) ("One-time amendment fee") $ 28.5 $ — $ 28.5 $ — Acquisition-related and integration costs (b) 3.5 1.4 5.0 3.0 Purchase accounting inventory adjustments (c) — — 5.4 (0.5) Restructuring, impairment and other charges (d) 6.2 1.6 33.6 13.2 Loss on sale of the Marine business (e) — 0.3 — 0.3 Non-GAAP adjustments to operating income 38.2 3.3 72.5 16.0 Other income, net (f) — — 2.7 — Non-operating foreign exchange loss (gain) 1.7 0.2 (0.9) 15.5 Non-GAAP adjustments to income before income taxes 39.9 3.5 74.3 31.5 Income taxes (g) 6.6 (1.0) 14.2 2.2 Non-GAAP adjustments to net income $ 33.3 $ 4.5 $ 60.1 $ 29.3 Total EPS impact $ 1.30 $ 0.18 $ 2.35 $ 1.17 Adjusted operating margin / Adjusted EBITDA reconciliation Q3-26 Q3-25 YTD-26 YTD-25 Net income $ 115.4 $ 69.5 $ 279.9 $ 170.4 Add: Income taxes 34.8 25.2 84.1 62.4 Interest expense 5.7 8.6 18.4 26.0 Foreign exchange loss (gain) 1.7 0.2 (0.9) 15.5 Other income, net (4.2) (6.1) (7.3) (14.0) GAAP operating income $ 153.4 $ 97.4 $ 374.2 $ 260.3 Non-GAAP adjustments to operating income 38.2 3.3 72.5 16.0 Adjusted operating income $ 191.5 $ 100.7 $ 446.7 $ 276.3 Amortization of intangibles 14.6 15.0 45.9 44.2 Depreciation expense 19.8 18.6 58.6 56.4 Adjusted EBITDA $ 225.9 $ 134.3 $ 551.2 $ 376.9 Net sales $ 766.7 $ 624.6 $ 2,162.5 $ 1,792.4 One-time amendment fee 28.5 — 28.5 — Adjusted net sales $ 795.2 $ 624.6 $ 2,191.0 $ 1,792.4 Net income as a percentage of net sales 15.1% 11.1% 12.9% 9.5% Operating margin 20.0% 15.6% 17.3% 14.5% Adjusted operating margin (1) 24.1% 16.1% 20.4% 15.4% Adjusted EBITDA margin (1) 28.4% 21.5% 25.2% 21.0% (1) Adjusted operating margin and adjusted EBITDA margin are calculated based on the adjusted net sales amount that removes the one-time customer contract amendment fee of $28.5 million to improve comparability in these margins with prior period financial results. Electronics segment adjusted net sales reconciliation Q3-26 Electronics - Passive Products and Sensors Electronics - Semiconductor Total Electronics Net sales $ 238.8 $ 187.4 $ 426.2 Add: One-time amendment fee — 28.5 28.5 Adjusted net sales $ 238.8 $ 215.9 $ 454.7 YTD-26 Electronics - Passive Products and Sensors Electronics - Semiconductor Total Electronics Net sales $ 639.3 $ 556.1 $ 1,195.4 Add: One-time amendment fee — 28.5 28.5 Adjusted net sales $ 639.3 $ 584.6 $ 1,223.9 Electronics segment adjusted operating income reconciliation Q3-26 YTD-26 GAAP operating income $ 102.4 $ 259.5 Add: One-time amendment fee 28.5 28.5 Adjusted operating income $ 130.9 $ 288.0 5/7
Page 6
Adjusted EBITDA by Segment Q3-26 Q3-25 Electronics Transportation Industrial Electronics Transportation Industrial GAAP operating income $ 102.4 $ 27.3 $ 33.3 $ 63.6 $ 20.2 $ 16.9 Add: One-time amendment fee 28.5 — — — — — Add back amortization 7.6 2.7 4.3 10.2 3.4 1.4 Add back depreciation 12.0 5.6 2.2 12.0 5.1 1.5 Adjusted EBITDA $ 150.5 $ 35.6 $ 39.8 $ 85.8 $ 28.7 $ 19.8 Adjusted EBITDA Margin (1) 33.1% 19.6% 25.2% 24.0% 16.8% 20.7% Adjusted Operating Margin (1) 28.8% Adjusted EBITDA by Segment YTD-26 YTD-25 Electronics Transportation Industrial Electronics Transportation Industrial GAAP operating income $ 259.5 $ 77.1 $ 81.6 $ 160.3 $ 67.2 $ 48.9 Add: One-time amendment fee 28.5 — — — — — Add back amortization 24.3 8.9 12.7 30.1 10.2 3.9 Add back depreciation 35.9 16.2 6.5 35.9 15.9 4.6 Adjusted EBITDA $ 348.2 $ 102.2 $ 100.8 $ 226.3 $ 93.3 $ 57.3 Adjusted EBITDA Margin (1) 28.5% 19.1% 23.4% 22.6% 18.2% 20.5% Adjusted Operating Margin (1) 23.5% Net sales reconciliation Q3-26 vs. Q3-25 Electronics Transportation Industrial Total Net sales growth 19% 7% 65% 23% Less: One-time amendment fee (8)% —% —% (5)% Acquisitions —% —% 38% 6% FX impact —% —% —% —% Organic net sales growth 27% 7% 27% 22% Electronics segment net sales reconciliation Q3-26 vs. Q3-25 Electronics - Passive Products and Sensors Electronics - Semiconductor Total Electronics Net sales growth 30% 8% 19% Less: One-time amendment fee —% (16)% (8)% FX impact —% —% —% Organic net sales growth 30% 24% 27% Transportation segment net sales reconciliation Q3-26 vs. Q3-25 Commercial Vehicle Products Passenger Car Products (2) Auto Sensor Products (2) Total Transportation Net sales growth (decline) 20% (3)% (14)% 7% Less: FX impact —% —% (1)% —% Organic net sales growth (decline) 20% (3)% (13)% 7% Net sales reconciliation YTD-26 vs. YTD-25 Electronics Transportation Industrial Total Net sales growth 19% 4% 54% 21% Less: One-time amendment fee (3)% —% —% (1)% Acquisitions —% —% 37% 6% FX impact 1% 1% —% 1% Organic net sales growth 21% 3% 17% 15% Electronics segment net sales reconciliation YTD-26 vs. YTD-25 Electronics - Passive Products and Sensors Electronics - Semiconductor Total Electronics Net sales growth 28% 11% 19% Less: One-time amendment fee —% (6)% (3)% FX impact 2% 1% 1% Organic net sales growth 26% 16% 21% Transportation segment net sales reconciliation YTD-26 vs. YTD-25 Commercial Vehicle Products Passenger Car Products (2) Auto Sensor Products (2) Total Transportation Net sales growth (decline) 9% 2% (8)% 4% Less: FX impact 1% 1% 3% 1% Organic net sales growth (decline) 8% 1% (11)% 3% (2) Passenger vehicle business (PVB) includes passenger car and auto sensor products. 6/7
Page 7
Income tax reconciliation Q3-26 Q3-25 YTD-26 YTD-25 Income taxes $ 34.8 $ 25.2 $ 84.1 $ 62.4 Effective rate 23.2% 26.6% 23.1% 26.8% Non-GAAP adjustments - income taxes 6.6 (1.0) 14.2 2.2 Adjusted income taxes $ 41.4 $ 24.2 $ 98.3 $ 64.6 Adjusted effective rate 21.8% 24.6% 22.4% 24.5% Free cash flow reconciliation Q3-26 Q3-25 YTD-26 YTD-25 Net cash provided by operating activities $ 230.1 $ 146.9 $ 456.6 $ 295.1 Less: Purchases of property, plant, and equipment (14.5) (15.7) (47.5) (48.7) Free cash flow $ 215.7 $ 131.2 $ 409.2 $ 246.4 Consolidated Total Debt As of September 26, 2026 Consolidated total debt $ 629.9 Unamortized debt issuance costs 3.1 Finance lease liability 0.1 Consolidated funded indebtedness 633.1 Cash held in U.S. (up to $400 million) 195.8 Net debt $ 437.3 Consolidated EBITDA Twelve Months Ended September 26, 2026 Net Income $ 37.7 Interest expense 26.7 Income taxes 96.9 Depreciation expense 77.1 Amortization expense 61.4 Non-cash additions: Stock-based compensation expense 29.0 Purchase accounting inventory step-up charge 6.4 Unrealized loss on investments 1.7 Impairment charges 316.6 Other 18.0 Consolidated EBITDA (1) $ 671.5 Consolidated Net Leverage Ratio (as defined in the Credit Agreement) * 0.7x * Our Credit Agreement and Private Placement Senior Notes with maturities ranging from 2027 to 2032, contain financial ratio covenants providing that if, as of the last day of each fiscal quarter, the Consolidated Net Leverage Ratio at such time for the then most recently concluded period of four consecutive fiscal quarters of the Company exceeds 3.50:1.00, an Event of Default (as defined in the Credit Agreement and Private Placement Senior Notes) is triggered. The Credit Agreement was amended in Q1 2026 and now allows to add restructuring charges and business optimization expenses in addition to the prior credit agreement. (1) Represents Consolidated EBITDA as defined in our Credit Agreement and Private Placement Senior Notes and is calculated using the most recently concluded period of four consecutive quarters. Note: Total will not always foot due to rounding. (a) Reflected as a reduction in net sales of $28.5 million for a one-time customer contract amendment fee in the Electronics-Semiconductor business. The Amendment is intended to further support the Companyʼs semiconductor strategy by enhancing strategic flexibility, accelerating and simplifying certain legacy contractual arrangements and increasing the Companyʼs ability to optimize the Dortmund Semiconductor GmbH asset over time. (b) Reflected in selling, general and administrative expenses. (c) Reflected in cost of sales. (d) Reflected in restructuring, impairment and other charges. (e) 2025 amount reflected $0.3 million loss related to the sale of the Marine business within the Transportation segment. (f) 2026 included the reversal of an indemnification receivable of $2.7 million related to lapses in the statute of limitations for previously unrecognized tax benefits recognized in the first quarter of 2026. (g) Reflected the tax impact associated with the non-GAAP adjustments including a one-time tax benefit of $3.3 million associated with the dissolution of one of the Company's affiliates in the third quarter of 2026 and $2.7 million of tax benefits due to lapses in the statute of limitations for previously unrecognized tax benefits recognized in the first quarter of 2026. David Kelley 224-727-2535 dkelley@littelfuse.com Source: Littelfuse, Inc. 7/7