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.