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Apr 04, 2020
Vishay Q1 2020 Earnings Report
Vishay's revenue aligned with guidance, driven by distribution inventory reduction, but overshadowed by COVID-19 pandemic's economic impact.
Key Takeaways
Vishay Intertechnology reported Q1 2020 revenues of $612.8 million and EPS of $0.19. The company faced temporary plant shutdowns due to COVID-19, but sales remained within the guidance range with higher profitability. Automotive production decline and weak economic outlook due to the pandemic are significant challenges.
Q1 2020 revenues reached $612.8 million.
EPS for Q1 2020 was $0.19, with adjusted EPS at $0.21.
The book-to-bill ratio was 1.17, driven by distribution.
Distribution inventories reduced by $63 million.
Forward Guidance
For Q2 2020, Vishay anticipates revenues between $540 million and $580 million, with gross margins of 21.0% plus/minus 90 basis points, based on Q1 2020 exchange rates, despite substantial uncertainties.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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