Lowering Switching Losses, Devices Combine Low Qrr Down to 105 nC With VF of 1.10 V While Reducing Parasitic Capacitance and Recovery Time MALVERN, Pa., Nov. 06, 2024 (GLOBE NEWSWIRE) -- Vishay Intertechnology, Inc. (NYSE: VSH) today expanded its Gen 7 platform of 1200 V FRED Pt® Hyperfast rectifiers with four new Automotive Grade devices in the eSMP® series SMF (DO-219AB) package. Optimized for industrial and automotive applications, the 1 A and 2 A rectifiers not only offer the best trade-off between reve ...

Revenue and Gross Margin - 3Q 2024 revenues of $735.4 million with a gross margin of 20.5%, negatively impacted by approximately 150 basis points due to the addition of Newport[2] - 4Q 2024 revenue guidance of $720 million +/- $20 million, with gross profit margin expected to be 20.0% +/- 50 basis points, including a negative impact of approximately 175 to 200 basis points from Newport[3] - Net revenues for 3Q 2024 were $735.4 million, compared to $741.2 million in 2Q 2024 and $853.7 million in 3Q 2023[9] - Gross profit for 3Q 2024 was $150.9 million, down from $162.9 million in 2Q 2024 and $237.6 million in 3Q 2023[9] - For the nine fiscal months ended September 28, 2024, net revenues were $2.22 billion, down from $2.62 billion in the same period of 2023[10] Earnings and Losses - GAAP loss per share of ($0.14) and adjusted EPS of $0.08 per share for 3Q 2024[2] - Operating loss for 3Q 2024 was ($18.3 million), compared to an operating income of $37.9 million in 2Q 2024 and $115.1 million in 3Q 2023[9] - Net loss attributable to Vishay stockholders for 3Q 2024 was ($19.3 million), compared to a net income of $23.5 million in 2Q 2024 and $65.5 million in 3Q 2023[9] - GAAP net earnings attributable to Vishay stockholders for the nine fiscal months ended September 28, 2024, were $35.2 million, compared to $272.3 million in the same period of 2023, a decline of 87.1%[14] - Adjusted net earnings for the nine fiscal months ended September 28, 2024, were $65.5 million, compared to $290.7 million in the same period of 2023, a decrease of 77.5%[14] - GAAP net earnings attributable to Vishay stockholders for Q3 2024 were $(19.3 million), compared to $23.5 million in Q2 2024 and $65.5 million in Q3 2023[16] Book-to-Bill Ratio and Backlog - 3Q 2024 book-to-bill ratio of 0.88, with 0.79 for semiconductors and 0.97 for passive components[2] - Backlog at the end of 3Q 2024 was 4.4 months[2] Cash Flow and Capital Expenditures - Cash and cash equivalents decreased from $972.7 million in December 2023 to $643.8 million in September 2024, a decline of 33.8%[11] - Net cash provided by operating activities for the nine fiscal months ended September 28, 2024, was $106.0 million, compared to $359.4 million in the same period of 2023, a decrease of 70.5%[13] - Capital expenditures for the nine fiscal months ended September 28, 2024, were $175.2 million, a slight decrease from $184.1 million in the same period of 2023[13] - Free cash for the nine fiscal months ended September 28, 2024, was -$67.7 million, compared to $176.4 million in the same period of 2023[15] Inventory and Assets - Total inventories increased from $647.5 million in December 2023 to $687.2 million in September 2024, a growth of 6.1%[11] - Total assets remained relatively stable, decreasing slightly from $4,239.9 million in December 2023 to $4,220.4 million in September 2024[11] Debt and Equity - Long-term debt less current portion increased marginally from $818.2 million in December 2023 to $820.8 million in September 2024[12] - Total Vishay stockholders' equity decreased from $2,196.1 million in December 2023 to $2,167.7 million in September 2024, a decline of 1.3%[12] Adjusted EBITDA and Margins - Adjusted EBITDA for Q3 2024 was $71.5 million, compared to $88.4 million in Q2 2024 and $159.6 million in Q3 2023[16] - Adjusted EBITDA margin for Q3 2024 was 9.7%, compared to 11.9% in Q2 2024 and 18.7% in Q3 2023[16] Restructuring and Other Costs - Restructuring and severance costs in Q3 2024 were $40.6 million, compared to $0 in Q2 2024 and Q3 2023[16] - Depreciation and amortization for Q3 2024 was $53.6 million, compared to $52.2 million in Q2 2024 and $46.2 million in Q3 2023[16] - Interest expense for Q3 2024 was $6.6 million, compared to $6.7 million in Q2 2024 and $7.2 million in Q3 2023[16] - Interest income for Q3 2024 was $(5.2 million), compared to $(6.7 million) in Q2 2024 and $(9.2 million) in Q3 2023[16] - Income taxes for Q3 2024 were $(5.1 million), compared to $12.4 million in Q2 2024 and $30.6 million in Q3 2023[16] - Net earnings attributable to noncontrolling interests for Q3 2024 were $0.3 million, compared to $0.3 million in Q2 2024 and $0.4 million in Q3 2023[16] - Loss on early extinguishment of debt in Q3 2023 was $18.9 million, compared to $0 in Q3 2024 and Q2 2024[16]

MALVERN, Pa., Nov. 06, 2024 (GLOBE NEWSWIRE) -- Vishay Intertechnology, Inc., (NYSE: VSH), one of the world's largest manufacturers of discrete semiconductors and passive electronic components, today announced results for the fiscal third quarter ended September 28, 2024. Highlights 3Q 2024 revenues of $735.4 millionGross margin was 20.5% and included the negative impact of approximately 150 basis points related to the addition of NewportGAAP loss per share of ($0.14); adjusted EPS of $0.08 per share3Q 2024 ...

MALVERN, Pa., Oct. 23, 2024 (GLOBE NEWSWIRE) -- Vishay Intertechnology, Inc. (NYSE: VSH) today introduced two new IGBT and MOSFET drivers in the compact, high isolation stretched SO-6 package. Delivering high peak output currents of 3 A and 4 A, respectively, the Vishay Semiconductors VOFD341A and VOFD343A offer high operating temperatures to +125 °C and low propagation delay of 200 ns maximum. Consisting of an AlGaAs LED optically coupled to an integrated circuit with a power output stage, the optocouplers ...

MALVERN, Pa., Oct. 09, 2024 (GLOBE NEWSWIRE) -- Vishay Intertechnology, Inc. (NYSE: VSH) today introduced the industry's first 1 Form A solid-state relay to offer AEC-Q102 qualification and a 100 V load voltage. Offered in the low profile SOP-4 package, the Vishay Semiconductors VORA1010M4 delivers the industry's fastest turn-on and turn-off times of 0.1 ms typical, in addition to the highest operating temperature to +125 °C. The fast turn-off time of the optically isolated device released today is a result ...

MALVERN, Pa., Oct. 08, 2024 (GLOBE NEWSWIRE) -- Vishay Intertechnology, Inc., (NYSE: VSH), will release its results for the fiscal third quarter ended September 28, 2024, before the New York Stock Exchange opens on Wednesday, November 6, 2024. A conference call to discuss Vishay's third quarter financial results is scheduled for Wednesday, November 6, 2024 at 9:00 a.m. ET. To participate in the live conference call, please pre-register at https://register.vevent.com/register/BI24b8e37c574c42d897f4df9a7a5aa3 ...

MALVERN, Pa., Oct. 02, 2024 (GLOBE NEWSWIRE) -- Vishay Intertechnology, Inc. (NYSE: VSH) today introduced two new power inductors in the 2.5 mm by 2.0 mm by 1.2 mm 1008 case size. The commercial IHLL-1008AB-1Z and Automotive Grade IHLP-1008ABEZ-5A achieve the same performance as the nextsmallest IHLP® inductor in a 55 % smaller footprint while offering higher operating temperatures up to +165 °C, a wider range of inductance values, and lower DCR. Offering inductance values from 0.33 µH to 4.7 µH, the IHLL-1 ...

MALVERN, Pa., Sept. 24, 2024 (GLOBE NEWSWIRE) -- Vishay Intertechnology, Inc. (NYSE: VSH), one of the world's largest manufacturers of discrete semiconductors and passive components, today announced that it is implementing restructuring actions designed to optimize the Company's manufacturing footprint and streamline business decision making as it executes its Vishay 3.0 growth strategy. The restructuring actions will be implemented in phases and include: Selling, general, and administrative functions will ...

A month has gone by since the last earnings report for Vishay Intertechnology (VSH) . Shares have lost about 6.4% in that time frame, underperforming the S&P 500. Will the recent negative trend continue leading up to its next earnings release, or is Vishay due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts. Vishay Q2 Earnings Beat Estimates, Revenues ...

MALVERN, Pa., Aug. 13, 2024 (GLOBE NEWSWIRE) -- Vishay Intertechnology, Inc. (NYSE:VSH), one of the world's largest manufacturers of discrete semiconductors and passive components, announced today that the Company's Board of Directors declared a dividend of $0.10 per share of common stock and Class B common stock, to be paid September 26, 2024 to stockholders of record as of the close of business September 10, 2024. Future dividends will be subject to Board approval. About Vishay Vishay manufactures one of ...