Vishay Intertechnology(US:VSH)2025-11-05 12:20Revenue and Earnings - 3Q 2025 revenues were $790.6 million, an increase from $762.3 million in 2Q 2025 and $735.4 million in 3Q 2024[7] - For the nine months ended September 27, 2025, net revenues were $2.27 billion, compared to $2.22 billion for the same period in 2024[15] - 3Q 2025 GAAP loss per share was $(0.06), while adjusted EPS was $0.04[7] - The company reported a free cash flow of $(142,691,000) for the nine fiscal months ended September 27, 2025, compared to $(67,732,000) for the same period in 2024[20] - The adjusted net earnings for the nine fiscal months ended September 27, 2025, were $(7,600,000), compared to $65,473,000 for the same period in 2024[19] Margins and Ratios - Gross margin for 3Q 2025 was 19.5%, impacted by approximately 150 basis points related to Newport[7] - Operating income for 3Q 2025 was $19.1 million, with an operating margin of 2.4%[14] - Adjusted EBITDA for the nine fiscal months ended September 27, 2025, was $193,972,000, with an adjusted EBITDA margin of 9.6%[21] - Book-to-bill ratio for 3Q 2025 was 0.97, with 0.96 for semiconductors and 0.98 for passive components[7] Assets and Liabilities - Total assets as of September 27, 2025, were $4.20 billion, up from $4.11 billion at the end of 2024[16] - Total current liabilities increased slightly to $710,676,000 in September 2025 from $708,348,000 in December 2024, while total liabilities rose to $2,112,912,000 from $2,081,734,000[17] - The total equity increased to $2,083,064,000 in September 2025 from $2,028,962,000 in December 2024[17] Cash Flow and Expenditures - Cash and cash equivalents decreased to $443.9 million from $590.3 million at the end of 2024[16] - Cash and cash equivalents decreased to $443,858,000 at the end of the period from $590,286,000 at the beginning of the period, reflecting a net decrease of $146,428,000[18] - Capital expenditures for the nine fiscal months ended September 27, 2025, were $178,491,000, compared to $175,175,000 for the same period in 2024[18] Payroll and Expenses - The company experienced a significant increase in payroll and related expenses, rising to $179,492,000 in September 2025 from $137,101,000 in December 2024[17] - The company reported a depreciation and amortization expense of $167,036,000 for the nine fiscal months ended September 27, 2025, compared to $155,272,000 for the same period in 2024[18] Future Outlook - Management expects 4Q 2025 revenues in the range of $790 million +/- $20 million, with a gross profit margin of 19.5% +/- 50 basis points[4] - The backlog at the end of 3Q 2025 was 4.4 months[7]