Vishay Intertechnology Reports Higher Revenues For First Quarter

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Vishay

Vishay Intertechnology, Inc. of Malvern reported revenues of $602 million – up from $554.3 million in 2013 – during the first quarter of 2014.

The firm is one of the world’s largest manufacturers of discrete semiconductors and passive components. Vishay also reported an adjusted operating margin of 8.1 percent; an adjusted EPS of $0.20; $299 million in cash; and capital expenditures of $152 million. Net earnings attributable to Vishay stockholders for the fiscal quarter ended March 29, 2014 were $25.8 million, or $0.17 per diluted share, compared to $28.9 million, or $0.19 per diluted share, for the fiscal quarter ended March 30, 2013.

Dr. Gerald Paul
Dr. Gerald Paul

“The first quarter represented a promising start to 2014 for Vishay,” said Dr. Gerald Paul, president and chief executive officer. “We experienced continued economic improvement in almost all market segments and a positive outlook across the board,” he said.

“Point of sale, the sales of Vishay products by its distributors to end customers, increased 6 percent quarter over quarter while inventory turns of Vishay products at its distributors increased to 3.6,” said Paul. “Due to the higher backlog we increased internal inventories by $19 million quarter over quarter, which benefited results. Lead times remained overall well under control.”

The full fiscal report is on Vishay’s web site here.

Vishay Intertechnology, Inc. is a Fortune 1,000 Company. Its discrete semiconductors (diodes, MOSFETs, and infrared optoelectronics) and passive electronic components (resistors, inductors, and capacitors) 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.

Links: www.vishay.com

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