Vishay Intertechnology Updates Third Quarter 2022 Guidance and Schedules Third Quarter 2022 Earnings Call
October 18 2022 - 7:30AM
Vishay Intertechnology, Inc., (NYSE: VSH), one of the world's
largest manufacturers of discrete semiconductors and passive
electronic components, today announced that its results for the
third fiscal quarter of 2022 are expected to be above the Company’s
previous outlook. The Company now expects to report third quarter
revenues of approximately $925 million at a gross margin of
approximately 31.3% plus/minus 10 basis points. The previous
expectation was for revenues in the range of $860 to $900 million
at a gross margin of 29.0% plus/minus 50 basis points assuming an
exchange rate USD/EUR of 0.98.
Vishay will release its results for the third quarter ended
October 1, 2022, before the New York Stock Exchange opens on
Wednesday, November 2, 2022.
A conference call to discuss Vishay’s third quarter financial
results is scheduled for Wednesday, November 2, 2022 at 9:00 a.m.
ET. The dial-in number for the conference call is 877-407-0989 (+1
201-389-0921, if calling from outside the United States) and the
access code is 13733054.
A live audio webcast of the conference call and a PDF copy of
the press release and the quarterly presentation will be accessible
directly from the Investor Relations section of the Vishay website
at http://ir.vishay.com.
There will be a replay of the conference call from 12:00 p.m. ET
on Wednesday, November 2, 2022, through 11:59 p.m. ET on Wednesday,
November 16, 2022. The telephone number for the replay is +1
877-660-6853 (+1 201-612-7415, if calling from outside the United
States or Canada) and the access code is 13733054.
About VishayVishay manufactures
one of the world’s largest portfolios of discrete semiconductors
and passive electronic components that are essential to innovative
designs in the automotive, industrial, computing, consumer,
telecommunications, military, aerospace, and medical markets.
Serving customers worldwide, Vishay is The DNA of
tech.™ Vishay Intertechnology, Inc. is a Fortune 1,000
Company listed on the NYSE (VSH). More on Vishay
at www.Vishay.com.
Statements contained herein that relate to the
Company's expected third quarter revenues, and gross margins are
forward-looking statements within the safe harbor provisions of the
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. Results for the third fiscal quarter will only be
known with certainty when the Company completes its accounting for
the quarter. We undertake no obligation to publicly update or
revise any forward-looking statements, whether as a result of new
information, future events or otherwise.
The DNA of tech™ is a trademark of Vishay
Intertechnology.
Contact:Vishay Intertechnology, Inc.Peter HenriciSenior Vice
President, Corporate Communications+1-610-644-1300
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