Vishay Intertechnology, Inc. (NYSE:VSH), one of the world's largest
manufacturers of discrete semiconductors and passive components,
today announced its results for the fiscal quarter and six fiscal
months ended July 2, 2016.
Revenues for the fiscal quarter ended July 2, 2016 were $590.1
million, compared to $590.5 million for the fiscal quarter ended
July 4, 2015. The net earnings attributable to Vishay stockholders
for the fiscal quarter ended July 2, 2016 were $33.1 million, or
$0.22 per diluted share, compared to $26.3 million, or $0.17 per
diluted share for the fiscal quarter ended July 4, 2015.
Net earnings attributable to Vishay stockholders for the fiscal
quarter ended July 2, 2016 include a gain on early extinguishment
of debt of $1.0 million, restructuring and severance costs of $4.5
million, and a $1.2 million remeasurement of the deferred tax
liability recorded for the cash repatriation program announced in
the fourth fiscal quarter of 2015. Net earnings attributable to
Vishay stockholders for the fiscal quarter ended July 4, 2015
include restructuring and severance costs of $5.7 million. These
items are summarized on the attached reconciliation schedule.
Adjusted earnings per diluted share, which exclude these items,
were $0.23 and $0.20 for the fiscal quarters ended July 2, 2016 and
July 4, 2015, respectively.
Commenting on the results for the second quarter 2016, Dr.
Gerald Paul, President and Chief Executive Officer, stated, “As
expected the broad recovery from the first quarter continued in the
second quarter, at a slower pace though. As in the previous
quarters the automotive market and several industrial product
sectors continue to do well. The sales of Vishay products by its
distributors to end customers increased. Inventory turns for Vishay
products at distributors were stable. The production move of
MOSFETs has been finalized as scheduled and we will enjoy the cost
benefits going forward.”
Commenting on the outlook Dr. Paul stated, “For the third
quarter, we guide for revenues of $570 to $610 million and gross
margins of 24% to 26% at constant exchange rates.”
A conference call to discuss Vishay’s second quarter financial
results is scheduled for Tuesday, August 2, 2016 at 9:00 a.m. ET.
The dial-in number for the conference call is 877-589-6174 (+1
706-643-1406 if calling from outside the United States or Canada)
and the conference ID is 39141597.
There will be a replay of the conference call from 12:00 p.m. ET
on Tuesday, August 2, 2016 through 11:59 p.m. ET on Tuesday, August
9, 2016. The telephone number for the replay is 800-585-8367 (+1
855-859-2056 or 404-537-3406 if calling from outside the United
States or Canada) and the access code is 39141597.
A live audio webcast of the conference call and a PDF copy of
the press release and the quarterly presentation can be accessed
directly from the Investor Relations section of the Vishay website
at http://ir.vishay.com.
About Vishay
Vishay Intertechnology, Inc., a Fortune 1000 Company listed on
the NYSE (VSH), is one of the world's largest manufacturers of
discrete semiconductors (diodes, MOSFETs, and infrared
optoelectronics) and passive electronic components (resistors,
inductors, and capacitors). These components are used in virtually
all types of electronic devices and equipment, in the industrial,
computing, automotive, consumer, telecommunications, military,
aerospace, power supplies, and medical markets. Vishay’s product
innovations, successful acquisition strategy, and "one-stop shop"
service have made it a global industry leader. Vishay can be found
on the Internet at www.vishay.com.
This press release includes certain financial measures which are
not recognized in accordance with U.S. generally accepted
accounting principles ("GAAP"), including adjusted net earnings;
adjusted earnings per share; earnings before interest, taxes,
depreciation and amortization (“EBITDA”); adjusted EBITDA; and
adjusted EBITDA margin; which are considered "non-GAAP financial
measures" under the U.S. Securities and Exchange Commission rules.
These non-GAAP measures supplement our GAAP measures of performance
or liquidity and should not be viewed as an alternative to GAAP
measures of performance or liquidity. Non-GAAP measures such as
adjusted net earnings, adjusted earnings per share, EBITDA,
adjusted EBITDA, and adjusted EBITDA margin do not have uniform
definitions. These measures, as calculated by Vishay, may not be
comparable to similarly titled measures used by other companies.
Management believes that such measures are meaningful to investors
because they provide insight with respect to intrinsic operating
results of the Company. Although the term "EBITDA" is not defined
in GAAP, the measure is derived using various line items measured
in accordance with GAAP. Reconciling items to arrive at adjusted
net earnings represent significant charges or credits that are
important to understanding the Company's intrinsic operations.
Reconciling items to calculate adjusted EBITDA represent those same
items used in computing adjusted net earnings, as relevant.
Furthermore, the presented calculation of adjusted EBITDA is
substantially similar to, but not identical to, a measure used in
the calculation of financial ratios required for covenant
compliance under Vishay’s revolving credit facility. These
reconciling items are indicated on the accompanying reconciliation
schedules and are more fully described in the Company's financial
statements presented in its annual report on Form 10-K and its
quarterly reports presented on Forms 10-Q.
Statements contained herein that relate to the Company's future
performance, including statements with respect to forecasted
revenues, margins, cash generation, repatriation of foreign
earnings, cost reduction programs and their financial impact, and
the performance of the economy in general, are forward-looking
statements within the safe harbor provisions of Private Securities
Litigation Reform Act of 1995. Words such as “believe,” “estimate,”
“will be,” “will,” “would,” “expect,” “anticipate,” “plan,”
“project,” “intend,” “could,” “should,” or other similar words or
expressions often identify forward-looking statements. Such
statements are based on current expectations only, and are subject
to certain risks, uncertainties and assumptions, many of which are
beyond our control. Should one or more of these risks or
uncertainties materialize, or should underlying assumptions prove
incorrect, actual results, performance, or achievements may vary
materially from those anticipated, estimated or projected. Among
the factors that could cause actual results to materially differ
include: general business and economic conditions; delays or
difficulties in implementing our cost reduction strategies; changes
in foreign currency exchange rates; uncertainty related to the
effects of changes in foreign currency exchange rates; competition
and technological changes in our industries; difficulties in new
product development; difficulties in identifying suitable
acquisition candidates, consummating a transaction on terms which
we consider acceptable, and integration and performance of acquired
businesses; changes in applicable domestic and foreign tax
regulations and uncertainty regarding the same; and other factors
affecting our operations that are set forth in our filings with the
Securities and Exchange Commission, including our annual reports on
Form 10-K and our quarterly reports on Form 10-Q. We undertake no
obligation to publicly update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise.
VISHAY INTERTECHNOLOGY, INC. |
Summary of Operations |
(Unaudited - In thousands, except per share
amounts) |
|
|
|
|
|
|
|
Fiscal quarters ended |
|
July 2, 2016 |
|
April 2, 2016 |
|
July 4, 2015 |
|
|
|
|
|
|
Net
revenues |
$ |
590,051 |
|
|
$ |
570,606 |
|
|
$ |
590,470 |
|
Costs of
products sold |
|
443,923 |
|
|
|
433,297 |
|
|
|
448,988 |
|
Gross
profit |
|
146,128 |
|
|
|
137,309 |
|
|
|
141,482 |
|
Gross margin |
|
24.8 |
% |
|
|
24.1 |
% |
|
|
24.0 |
% |
|
|
|
|
|
|
Selling,
general, and administrative expenses |
|
92,253 |
|
|
|
90,286 |
|
|
|
91,652 |
|
Restructuring and severance costs |
|
4,467 |
|
|
|
6,475 |
|
|
|
5,660 |
|
Operating income |
|
49,408 |
|
|
|
40,548 |
|
|
|
44,170 |
|
Operating margin |
|
8.4 |
% |
|
|
7.1 |
% |
|
|
7.5 |
% |
|
|
|
|
|
|
Other
income (expense): |
|
|
|
|
|
Interest expense |
|
(6,270 |
) |
|
|
(6,466 |
) |
|
|
(6,736 |
) |
Other |
|
2,256 |
|
|
|
779 |
|
|
|
1,160 |
|
Gain on early extinguishment of
debt |
|
986 |
|
|
|
3,611 |
|
|
|
- |
|
Total other income (expense) - net |
|
(3,028 |
) |
|
|
(2,076 |
) |
|
|
(5,576 |
) |
|
|
|
|
|
|
Income
before taxes |
|
46,380 |
|
|
|
38,472 |
|
|
|
38,594 |
|
|
|
|
|
|
|
Income
taxes |
|
13,151 |
|
|
|
10,320 |
|
|
|
12,076 |
|
|
|
|
|
|
|
Net
earnings |
|
33,229 |
|
|
|
28,152 |
|
|
|
26,518 |
|
|
|
|
|
|
|
Less:
net earnings attributable to noncontrolling interests |
|
143 |
|
|
|
138 |
|
|
|
250 |
|
|
|
|
|
|
|
Net
earnings attributable to Vishay stockholders |
$ |
33,086 |
|
|
$ |
28,014 |
|
|
$ |
26,268 |
|
|
|
|
|
|
|
Basic
earnings per share attributable to Vishay stockholders |
$ |
0.22 |
|
|
$ |
0.19 |
|
|
$ |
0.18 |
|
|
|
|
|
|
|
Diluted
earnings per share attributable to Vishay stockholders |
$ |
0.22 |
|
|
$ |
0.19 |
|
|
$ |
0.17 |
|
|
|
|
|
|
|
Weighted
average shares outstanding - basic |
|
147,643 |
|
|
|
147,832 |
|
|
|
147,700 |
|
|
|
|
|
|
|
Weighted
average shares outstanding - diluted |
|
149,845 |
|
|
|
150,627 |
|
|
|
151,700 |
|
|
|
|
|
|
|
Cash
dividends per share |
$ |
0.0625 |
|
|
$ |
0.0625 |
|
|
$ |
0.0600 |
|
|
|
|
|
|
|
VISHAY INTERTECHNOLOGY, INC. |
Summary of Operations |
(Unaudited - In thousands, except per share amounts) |
|
|
|
|
|
Six fiscal months ended |
|
July 2, 2016 |
|
July 4, 2015 |
|
|
|
|
Net
revenues |
$ |
1,160,657 |
|
|
|
1,183,906 |
|
Costs of
products sold |
|
877,220 |
|
|
|
897,386 |
|
Gross
profit |
|
283,437 |
|
|
|
286,520 |
|
Gross margin |
|
24.4 |
% |
|
|
24.2 |
% |
|
|
|
|
Selling,
general, and administrative expenses |
|
182,539 |
|
|
|
187,722 |
|
Restructuring and severance costs |
|
10,942 |
|
|
|
7,070 |
|
Operating income |
|
89,956 |
|
|
|
91,728 |
|
Operating margin |
|
7.8 |
% |
|
|
7.7 |
% |
|
|
|
|
Other
income (expense): |
|
|
|
Interest expense |
|
(12,736 |
) |
|
|
(13,097 |
) |
Other |
|
3,035 |
|
|
|
4,620 |
|
Gain on early extinguishment of
debt |
|
4,597 |
|
|
|
- |
|
Total other income (expense) -
net |
|
(5,104 |
) |
|
|
(8,477 |
) |
|
|
|
|
Income
before taxes |
|
84,852 |
|
|
|
83,251 |
|
|
|
|
|
Income
taxes |
|
23,471 |
|
|
|
25,808 |
|
|
|
|
|
Net
earnings |
|
61,381 |
|
|
|
57,443 |
|
|
|
|
|
Less:
net earnings attributable to noncontrolling interests |
|
281 |
|
|
|
476 |
|
|
|
|
|
Net
earnings attributable to Vishay stockholders |
$ |
61,100 |
|
|
$ |
56,967 |
|
|
|
|
|
Basic
earnings per share attributable to Vishay stockholders |
$ |
0.41 |
|
|
$ |
0.39 |
|
|
|
|
|
Diluted
earnings per share attributable to Vishay stockholders |
$ |
0.41 |
|
|
$ |
0.37 |
|
|
|
|
|
Weighted
average shares outstanding - basic |
|
147,739 |
|
|
|
147,699 |
|
|
|
|
|
Weighted
average shares outstanding - diluted |
|
150,237 |
|
|
|
152,183 |
|
|
|
|
|
Cash
dividends per share |
$ |
0.125 |
|
|
$ |
0.120 |
|
|
|
|
|
VISHAY
INTERTECHNOLOGY, INC. |
Consolidated Condensed Balance Sheets |
(In
thousands) |
|
|
|
|
|
July 2, 2016 |
|
December 31, 2015 |
|
(unaudited) |
|
|
Assets |
|
|
|
Current assets: |
|
|
|
Cash and cash equivalents |
$ |
475,167 |
|
|
$ |
475,507 |
|
Short-term investments |
|
546,110 |
|
|
|
619,040 |
|
Accounts receivable, net |
|
295,427 |
|
|
|
272,559 |
|
Inventories: |
|
|
|
Finished goods |
|
116,386 |
|
|
|
108,869 |
|
Work in process |
|
190,780 |
|
|
|
201,045 |
|
Raw materials |
|
107,936 |
|
|
|
110,657 |
|
Total inventories |
|
415,102 |
|
|
|
420,571 |
|
|
|
|
|
Prepaid expenses and other current
assets |
|
97,123 |
|
|
|
99,815 |
|
Total
current assets |
|
1,828,929 |
|
|
|
1,887,492 |
|
|
|
|
|
Property and equipment,
at cost: |
|
|
|
Land |
|
90,973 |
|
|
|
89,593 |
|
Buildings and improvements |
|
570,245 |
|
|
|
562,171 |
|
Machinery and equipment |
|
2,426,160 |
|
|
|
2,380,299 |
|
Construction in progress |
|
64,116 |
|
|
|
79,910 |
|
Allowance for depreciation |
|
(2,301,084 |
) |
|
|
(2,246,677 |
) |
|
|
850,410 |
|
|
|
865,296 |
|
|
|
|
|
Goodwill |
|
141,923 |
|
|
|
138,244 |
|
|
|
|
|
Other intangible
assets, net |
|
95,725 |
|
|
|
103,258 |
|
|
|
|
|
Other assets |
|
150,435 |
|
|
|
158,696 |
|
Total assets |
$ |
3,067,422 |
|
|
$ |
3,152,986 |
|
|
|
|
|
VISHAY
INTERTECHNOLOGY, INC. |
Consolidated Condensed Balance Sheets (continued) |
(In
thousands) |
|
|
|
|
|
July 2, 2016 |
|
December 31, 2015 |
|
(unaudited) |
|
|
Liabilities and
stockholders' equity |
|
|
|
Current
liabilities: |
|
|
|
Notes payable to banks |
$ |
7 |
|
|
$ |
4 |
|
Trade accounts payable |
|
149,713 |
|
|
|
157,210 |
|
Payroll and related expenses |
|
112,886 |
|
|
|
113,976 |
|
Other accrued expenses |
|
158,859 |
|
|
|
164,336 |
|
Income taxes |
|
16,094 |
|
|
|
22,198 |
|
Total
current liabilities |
|
437,559 |
|
|
|
457,724 |
|
|
|
|
|
Long-term debt less
current portion |
|
335,144 |
|
|
|
436,738 |
|
Deferred income
taxes |
|
298,325 |
|
|
|
305,413 |
|
Other liabilities |
|
64,123 |
|
|
|
60,450 |
|
Accrued pension and
other postretirement costs |
|
251,375 |
|
|
|
264,618 |
|
Total liabilities |
|
1,386,526 |
|
|
|
1,524,943 |
|
|
|
|
|
Equity: |
|
|
|
Vishay stockholders'
equity |
|
|
|
Common stock |
|
13,507 |
|
|
|
13,546 |
|
Class B convertible common
stock |
|
1,213 |
|
|
|
1,213 |
|
Capital in excess of par value |
|
2,054,247 |
|
|
|
2,058,492 |
|
Retained earnings (accumulated
deficit) |
|
(276,804 |
) |
|
|
(319,448 |
) |
Accumulated other comprehensive
income (loss) |
|
(116,408 |
) |
|
|
(131,327 |
) |
Total Vishay stockholders'
equity |
|
1,675,755 |
|
|
|
1,622,476 |
|
Noncontrolling
interests |
|
5,141 |
|
|
|
5,567 |
|
Total equity |
|
1,680,896 |
|
|
|
1,628,043 |
|
Total liabilities and
equity |
$ |
3,067,422 |
|
|
$ |
3,152,986 |
|
|
|
|
|
VISHAY
INTERTECHNOLOGY, INC. |
|
Consolidated Condensed Statements of Cash Flows |
|
(Unaudited - In thousands) |
|
|
Six fiscal months ended |
|
|
July 2, 2016 |
|
July 4, 2015 |
|
|
|
|
|
|
Operating
activities |
|
|
|
|
Net earnings |
$ |
61,381 |
|
|
$ |
57,443 |
|
|
Adjustments to
reconcile net earnings (loss) to net cash provided by operating
activities: |
|
|
|
|
Depreciation and amortization |
|
79,117 |
|
|
|
90,185 |
|
|
(Gain) loss on disposal of property
and equipment |
|
76 |
|
|
|
(115 |
) |
|
Accretion of interest on
convertible debentures |
|
2,259 |
|
|
|
2,090 |
|
|
Inventory write-offs for
obsolescence |
|
11,225 |
|
|
|
9,329 |
|
|
Gain on early extinguishment of
debt |
|
(4,597 |
) |
|
|
- |
|
|
Other |
|
(12,287 |
) |
|
|
(10,924 |
) |
|
Changes in operating assets and
liabilities, net of effects of businesses acquired |
|
(42,203 |
) |
|
|
(55,646 |
) |
|
Net cash provided by
operating activities |
|
94,971 |
|
|
|
92,362 |
|
|
|
|
|
|
|
Investing
activities |
|
|
|
|
Purchase of property
and equipment |
|
(51,073 |
) |
|
|
(49,550 |
) |
|
Proceeds from sale of
property and equipment |
|
193 |
|
|
|
1,675 |
|
|
Purchase of short-term
investments |
|
(274,524 |
) |
|
|
(185,583 |
) |
|
Maturity of short-term
investments |
|
351,326 |
|
|
|
91,450 |
|
|
Sale of short-term
investments |
|
- |
|
|
|
503 |
|
|
Sale of other
investments |
|
- |
|
|
|
400 |
|
|
Other investing
activities |
|
2,975 |
|
|
|
1,274 |
|
|
Net cash provided by
(used in) investing activities |
|
28,897 |
|
|
|
(139,831 |
) |
|
|
|
|
|
|
Financing
activities |
|
|
|
|
Principal payments on
long-term debt and capital lease obligations |
|
(34,044 |
) |
|
|
- |
|
|
Net proceeds (payments)
on revolving credit lines |
|
(66,000 |
) |
|
|
(30,000 |
) |
|
Net changes in
short-term borrowings |
|
(725 |
) |
|
|
(1 |
) |
|
Common stock
repurchases |
|
(6,123 |
) |
|
|
- |
|
|
Dividends paid to
common stockholders |
|
(16,924 |
) |
|
|
(16,252 |
) |
|
Dividends paid to Class
B common stockholders |
|
(1,516 |
) |
|
|
(1,456 |
) |
|
Excess tax benefit from
RSUs vested |
|
- |
|
|
|
21 |
|
|
Distributions to
noncontrolling interests |
|
(707 |
) |
|
|
(725 |
) |
|
Net cash provided by
(used in) financing activities |
|
(126,039 |
) |
|
|
(48,413 |
) |
|
Effect of exchange rate
changes on cash and cash equivalents |
|
1,831 |
|
|
|
(13,270 |
) |
|
|
|
|
|
|
Net increase (decrease)
in cash and cash equivalents |
|
(340 |
) |
|
|
(109,152 |
) |
|
|
|
|
|
|
Cash and cash
equivalents at beginning of period |
|
475,507 |
|
|
|
592,172 |
|
|
Cash and cash
equivalents at end of period |
$ |
475,167 |
|
|
|
483,020 |
|
|
|
|
|
|
|
VISHAY INTERTECHNOLOGY, INC. |
Reconciliation of Adjusted Earnings Per Share |
(Unaudited
- In thousands, except per share amounts) |
|
Fiscal quarters ended |
|
Six fiscal months ended |
|
July 2, 2016 |
|
April 2, 2016 |
|
July 4, 2015 |
|
July 2, 2016 |
|
July 4, 2015 |
|
|
|
|
|
|
|
|
|
|
GAAP net
earnings attributable to Vishay stockholders |
$ |
33,086 |
|
|
$ |
28,014 |
|
|
$ |
26,268 |
|
|
$ |
61,100 |
|
|
$ |
56,967 |
|
|
|
|
|
|
|
|
|
|
|
Reconciling items
affecting operating margin: |
|
|
|
|
|
|
|
|
|
Restructuring and severance costs |
$ |
4,467 |
|
|
$ |
6,475 |
|
|
$ |
5,660 |
|
|
$ |
10,942 |
|
|
$ |
7,070 |
|
|
|
|
|
|
|
|
|
|
|
Reconciling items other
income (expense): |
|
|
|
|
|
|
|
|
|
Gain on
early extinguishment of debt |
$ |
(986 |
) |
|
$ |
(3,611 |
) |
|
$ |
- |
|
|
$ |
(4,597 |
) |
|
$ |
- |
|
|
|
|
|
|
|
|
|
|
|
Reconciling items
affecting tax expense (benefit): |
|
|
|
|
|
|
|
|
|
Tax
effects of items above and other one-time tax expense
(benefit) |
$ |
(2,325 |
) |
|
$ |
(1,656 |
) |
|
$ |
(1,988 |
) |
|
$ |
(3,981 |
) |
|
$ |
(2,496 |
) |
|
|
|
|
|
|
|
|
|
|
Adjusted
net earnings |
$ |
34,242 |
|
|
$ |
29,222 |
|
|
$ |
29,940 |
|
|
$ |
63,464 |
|
|
$ |
61,541 |
|
|
|
|
|
|
|
|
|
|
|
Adjusted
weighted average diluted shares outstanding |
|
149,845 |
|
|
|
150,627 |
|
|
|
151,700 |
|
|
|
150,237 |
|
|
|
152,183 |
|
|
|
|
|
|
|
|
|
|
|
Adjusted
earnings per diluted share* |
$ |
0.23 |
|
|
$ |
0.19 |
|
|
$ |
0.20 |
|
|
$ |
0.42 |
|
|
$ |
0.40 |
|
|
|
|
|
|
|
|
|
|
|
* Includes add-back of interest on exchangeable notes in
periods where the notes are dilutive. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
VISHAY INTERTECHNOLOGY, INC. |
Reconciliation of EBITDA and Adjusted EBITDA |
(Unaudited
- In thousands) |
|
Fiscal quarters ended |
|
Six fiscal months ended |
|
July 2, 2016 |
|
April 2, 2016 |
|
July 4, 2015 |
|
July 2, 2016 |
|
July 4, 2015 |
|
|
|
|
|
|
|
|
|
|
GAAP net
earnings attributable to Vishay stockholders |
$ |
33,086 |
|
|
$ |
28,014 |
|
|
$ |
26,268 |
|
|
$ |
61,100 |
|
|
$ |
56,967 |
|
Net
earnings attributable to noncontrolling interests |
|
143 |
|
|
|
138 |
|
|
|
250 |
|
|
|
281 |
|
|
|
476 |
|
Net
earnings |
$ |
33,229 |
|
|
$ |
28,152 |
|
|
$ |
26,518 |
|
|
$ |
61,381 |
|
|
$ |
57,443 |
|
|
|
|
|
|
|
|
|
|
|
Interest
expense |
$ |
6,270 |
|
|
$ |
6,466 |
|
|
$ |
6,736 |
|
|
$ |
12,736 |
|
|
$ |
13,097 |
|
Interest
income |
|
(1,033 |
) |
|
|
(1,133 |
) |
|
|
(1,028 |
) |
|
|
(2,167 |
) |
|
|
(2,225 |
) |
Income
taxes |
|
13,151 |
|
|
|
10,320 |
|
|
|
12,076 |
|
|
|
23,471 |
|
|
|
25,808 |
|
Depreciation and amortization |
|
39,100 |
|
|
|
40,017 |
|
|
|
44,775 |
|
|
|
79,117 |
|
|
|
90,185 |
|
EBITDA |
$ |
90,717 |
|
|
$ |
83,822 |
|
|
$ |
89,077 |
|
|
$ |
174,538 |
|
|
$ |
184,308 |
|
|
|
|
|
|
|
|
|
|
|
Reconciling items |
|
|
|
|
|
|
|
|
|
Restructuring and severance costs |
$ |
4,467 |
|
|
$ |
6,475 |
|
|
$ |
5,660 |
|
|
|
10,942 |
|
|
|
7,070 |
|
Gain on
early extinguishment of debt |
|
(986 |
) |
|
|
(3,611 |
) |
|
|
- |
|
|
|
(4,597 |
) |
|
|
- |
|
|
|
|
|
|
|
|
|
|
|
Adjusted
EBITDA |
$ |
94,198 |
|
|
$ |
86,686 |
|
|
$ |
94,737 |
|
|
$ |
180,883 |
|
|
$ |
191,378 |
|
|
|
|
|
|
|
|
|
|
|
Adjusted
EBITDA margin** |
|
16.0 |
% |
|
|
15.2 |
% |
|
|
16.0 |
% |
|
|
15.6 |
% |
|
|
16.2 |
% |
|
|
|
|
|
|
|
|
|
|
**
Adjusted EBITDA as a percentage of net revenues |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Contact:
Vishay Intertechnology, Inc.
Peter Henrici
Senior Vice President, Corporate Communications
+1-610-644-1300
Vishay Intertechnology (NYSE:VSH)
Historical Stock Chart
From Mar 2024 to Apr 2024
Vishay Intertechnology (NYSE:VSH)
Historical Stock Chart
From Apr 2023 to Apr 2024