Loading...
•
Apr 02, 2022
Vishay Q1 2022 Earnings Report
Vishay's Q1 2022 performance was marked by revenues at the high end of guidance, strong contribution margins, and solid free cash generation, despite facing increased transportation costs and general inflation.
Key Takeaways
Vishay Intertechnology reported revenues of $853.8 million for Q1 2022, with net earnings attributable to Vishay stockholders at $103.6 million, or $0.71 per diluted share. The company's gross margin was 30.3%, and the operating margin was 17.1%.
Revenues reached $854 million.
Gross margin was 30.3%.
Operating margin was 17.1%.
EPS was $0.71.
Forward Guidance
For Q2 2022, Vishay anticipates revenues between $830 to $870 million and a gross margin of 28.1% plus or minus 50 basis points, considering COVID-19 production challenges in Shanghai and assuming consistent exchange rates.
Positive Outlook
- Q2 2022 revenue is guided in the range of $830 to $870 million.
- Gross margin for Q2 2022 is expected to be 28.1% plus/minus 50 basis points.
- Guidance assumes the same exchange rates versus the dollar as in the first quarter.
- Company anticipates to continue to reach historical contribution margin levels.
- Solid generation of free cash despite higher capital expenditures.
Challenges Ahead
- Production challenges related to COVID lock-downs in Shanghai in April.
- Ongoing increases in transportation costs.
- Increases in metal prices.
- Higher general inflation.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...