-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, DxK0ugP4P4q6qXV25Xtc1qrG7jp9s7Q/nQ3NKsrIg/2IlO9AF0XIuOTxIYRyKqQA NfNI2CodUHraU7NNf3pUqw== 0000950137-06-001659.txt : 20060210 0000950137-06-001659.hdr.sgml : 20060210 20060210172900 ACCESSION NUMBER: 0000950137-06-001659 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20060210 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20060210 DATE AS OF CHANGE: 20060210 FILER: COMPANY DATA: COMPANY CONFORMED NAME: LITTELFUSE INC /DE CENTRAL INDEX KEY: 0000889331 STANDARD INDUSTRIAL CLASSIFICATION: SWITCHGEAR & SWITCHBOARD APPARATUS [3613] IRS NUMBER: 363795742 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-20388 FILM NUMBER: 06599964 BUSINESS ADDRESS: STREET 1: 800 E NORTHWEST HWY CITY: DES PLAINES STATE: IL ZIP: 60016 BUSINESS PHONE: 7088241188 MAIL ADDRESS: STREET 1: 800 E. NORTHWEST HWY CITY: DES PLAINES STATE: IL ZIP: 60016 8-K 1 c02398e8vk.txt CURRENT REPORT ================================================================================ UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20579 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported) -- February 10, 2006 LITTELFUSE, INC. (Exact name of registrant as specified in its charter) DELAWARE 0-20388 36-3795742 (State of other jurisdiction (Commission (IRS Employer of incorporation) File Number) Identification No.)
800 E. Northwest Hwy., Des Plaines, IL 60016 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (847) 824-1188 Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) ================================================================================ ITEM 2.02 RESULTS OF OPERATIONS AND FINANCIAL CONDITION On Friday, February 10, 2006, the Registrant filed schedules reporting 2005 sales by quarter excluding Efen and 2005 income by quarter reflecting Efen as a discontinued operation in accordance with FAS144 ("Accounting for the Impairment or Disposal of Long-Lived Assets"). The sales schedule and income statement amounts for the fourth quarter and year to date are unchanged from those contained in the press release dated February 8, 2006. The sales for the first three quarters of 2005 have been revised from the sales reported in previously filed Form l0-Qs for the related periods to exclude sales from Efen (a discontinued operation). The income statements for the first three quarters have been revised to reflect Efen as a discontinued operation. The impact of treating Efen as a discontinued operation is shown primarily by the line item entitled "Discontinued operations (net of tax)". The third quarter income statement has also been revised to reflect Ireland severance costs attributable to the third quarter as discussed in the press release dated February 8, 2006. These schedules are part of this Form and attached as Exhibit 99.1. ITEM 9.01 FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS Exhibit Number Exhibit -------------- ------- 99.1 Financial Statements -2- SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. LITTELFUSE, INC. Date: February 10, 2006 By: /s/ Philip G. Franklin ------------------------ Philip G. Franklin Vice President, Operations Support and Chief Financial Officer -3- EXHIBIT INDEX
EXHIBIT NUMBER DESCRIPTION - ------ ----------- 99.1 Financial statements
EX-99.1 2 c02398exv99w1.txt FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION . . . EXHIBIT 99.1 LITTELFUSE, INC. SALES BY GEOGRAPHY AND MARKET* (Dollars in millions)
Q1* Q2* Q3* Q4 2005 ----------- ----------- ----------- ----------- ----------- GEOGRAPHY Americas $ 50.2 $ 49.4 $ 51.3 $ 49.0 $ 199.9 Europe 27.1 24.3 23.6 23.3 98.3 Asia Pacific 36.4 42.0 47.4 43.1 168.9 ----------- ----------- ----------- ----------- ----------- TOTAL $ 113.7 $ 115.7 $ 122.3 $ 115.4 $ 467.1 =========== =========== =========== =========== =========== MARKET Electronics $ 72.8 $ 75.0 $ 80.8 $ 77.3 $ 305.9 Automotive 30.9 29.8 30.1 27.8 118.6 Electrical 10.0 10.9 11.4 10.3 42.6 ----------- ----------- ----------- ----------- ----------- TOTAL $ 113.7 $ 115.7 $ 122.3 $ 115.4 $ 467.1 =========== =========== =========== =========== ===========
* Revised from previously filed Form 10-Qs to exclude sales of Efen. LITTELFUSE, INC. CONDENSED CONSOLIDATED STATEMENTS OF INCOME (in thousands, except per share data, unaudited)
For the Three Months Ended Year to date ---------------------------------------------------------------------- ------------- Apr 2, 2005* Jul 2, 2005* Oct 1, 2005* Dec 31, 2005 Dec 31, 2005 ------------- ------------- ------------- ------------- ------------- Net sales................................ $ 113,757 $ 115,693 $ 122,266 $ 115,373 $ 467,089 Cost of sales............................ 76,536 80,576 87,957 77,468 322,537 ------------- ------------- ------------- ------------- ------------- Gross profit............................. 37,221 35,117 34,309 37,905 144,552 Selling, general and administrative expenses................................. 25,461 23,538 25,513 24,024 98,536 Research and development expenses........ 4,279 4,246 4,257 3,890 16,672 Amortization of intangibles.............. 631 434 436 877 2,378 ------------- ------------- ------------- ------------- ------------- Operating income......................... 6,850 6,899 4,103 9,114 26,966 Interest expense......................... 473 568 587 470 2,098 Other (income) expense................... (131) (96) (2,988) 147 (3,068) ------------- ------------- ------------- ------------- ------------- Earnings from continuing operations before taxes and minority interest and income taxes............................. 6,508 6,427 6,504 8,497 27,936 Minority interest........................ 7 (5) (40) (48) (86) ------------- ------------- ------------- ------------- ------------- Earnings from continuing operations before income taxes........... 6,501 6,432 6,544 8,545 28,022 Income taxes............................. 2,215 2,118 3,423 3,684 11,440 ------------- ------------- ------------- ------------- ------------- Earnings from continuing operations...... 4,286 4,314 3,121 4,861 16,582 Discontinued operations (net of tax)..... 153 (57) 650 382 1,128 ------------- ------------- ------------- ------------- ------------- Net Income............................... $ 4,439 4,257 $ 3,771 $ 5,243 $ 17,710 ============= ============= ============= ============= ============= Income (loss) per share: Basic: Continuing operations............... $ 0.19 $ 0.19 $ 0.14 $ 0.22 $ 0.74 Discontinued operations............. 0.01 -- 0.03 0.01 0.05 ------------- ------------- ------------- ------------- ------------- Net income.......................... $ 0.20 $ 0.19 $ 0.17 $ 0.23 $ 0.79 ============= ============= ============= ============= ============= Diluted: Continuing operations............... $ 0.19 $ 0.19 $ 0.14 $ 0.22 $ 0.73 Discontinued operations............. 0.01 -- 0.03 0.01 0.05 ------------- ------------- ------------- ------------- ------------- Net income.......................... $ 0.20 $ 0.19 $ 0.17 $ 0.23 $ 0.78 ============= ============= ============= ============= ============= Weighted average shares and equivalent shares outstanding: Basic................................. 22,484 22,423 22,441 22,305 22,413 ============= ============= ============= ============= ============= Diluted............................... 22,710 22,613 22,626 22,415 22,582 ============= ============= ============= ============= =============
*The income statements for the first three quarters have been revised to reflect Efen as a discontinued operation. Q3 revised for Ireland severance costs. -----END PRIVACY-ENHANCED MESSAGE-----