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Stock impact report

Vishay Intertechnology Reports Third Quarter 2024 Results

Vishay Intertechnology, Inc. (VSH) 
Last vishay intertechnology, inc. earnings: 2/4 07:00 am Check Earnings Report
US:NYSE Investor Relations: ir.vishay.com
Company Research Source: GlobeNewswire
MALVERN, Pa., Nov. 06, 2024 (GLOBE NEWSWIRE) -- Vishay Intertechnology, Inc., (NYSE: VSH), one of the world's largest manufacturers of discrete semiconductors and passive electronic components, today announced results for the fiscal third quarter ended September 28, 2024. Highlights 3Q 2024 revenues of $735.4 millionGross margin was 20.5% and included the negative impact of approximately 150 basis points related to the addition of NewportGAAP loss per share of ($0.14); adjusted EPS of $0.08 per share3Q 2024 book-to-bill of 0.88 with book-to-bill of 0.79 for semiconductors and 0.97 for passive componentsBacklog at quarter end was 4.4 months “For the third consecutive quarter this year, revenue has held fairly constant, reflecting a prolonged period of inventory de-stocking as the pace of consumption by industrial customers remains slow, backlogs are pushed out and macroeconomic conditions in Europe worsen,” said Joel Smejkal, President and CEO. “While the industry remains in Show less Read more
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