Strong industrial, automotive and distributor sales contributed to a positive financial picture for Vishay Intertechnology, Inc. of Malvern during the first half of 2014.
Vishay, one of the world’s largest manufacturers of discrete semiconductors and passive components, reported $641.9 million in revenues, compared to $597.7 million for the fiscal quarter ended June 29, 2013. The net earnings attributable to Vishay stockholders for the fiscal quarter ended June 28, 2014 were $35.6 million, or $0.23 per diluted share, compared to $31.3 million, or $0.21 per diluted share for the fiscal quarter ended June 29, 2013.
Dr. Gerald Paul, president and chief executive officer, said the firm is following its growth plan to accelerate and develop new products and technologies, penetrate the Asian industrial markets, and expand manufacturing capacities for certain product lines.
Vishay continues to be in acquisition mode. It recently acquired Holy Stone Polytech Co., Ltd., a Japanese tantalum capacitor company. In July Vishay also tendered an offer for Taiwan based Capella Microsystems, Inc., an IC design company for optical sensors.
Paul said Vishay anticipates third quarter 2014 revenues of $630 to $670 million. A live audio webcast of the financial conference call may be accessed directly here: http://ir.vishay.com.
Vishay is one of the world’s largest manufacturers of discrete semiconductors (diodes, MOSFETs, and infrared optoelectronics) and passive electronic components (resistors, inductors, and capacitors).
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