Loading...
•
Mar 30, 2024
Vishay Q1 2024 Earnings Report
Vishay's first quarter results for 2024 were announced, showing a revenue of $746.3 million and an EPS of $0.22.
Key Takeaways
Vishay Intertechnology reported a revenue of $746.3 million for Q1 2024. The company's EPS stood at $0.22. The book-to-bill ratio was 0.82, with semiconductors at 0.73 and passive components at 0.91.
Q1 2024 revenues reached $746.3 million.
Gross margin was 22.8%, which included a 74 basis points negative impact from the addition of Newport.
EPS was reported at $0.22.
The book-to-bill ratio for Q1 2024 was 0.82.
Forward Guidance
For the second quarter of 2024, management expects revenues in the range of $750 million +/- $20 million, including a full quarter of Newport, and a gross profit margin in the range of 21.7% +/- 50 basis points, including the negative impact of approximately 160 basis points from the addition of Newport.
Positive Outlook
- Expected revenue in the range of $750 million +/- $20 million for Q2 2024.
- Includes a full quarter of Newport in the revenue forecast.
- Anticipated recovery from inventory correction in the second half of the year, led by passive components.
- Execution on eight strategic growth levers detailed at Investor Day.
- Focus on investing in catch-up capacity.
Challenges Ahead
- Gross profit margin expected in the range of 21.7% +/- 50 basis points for Q2 2024.
- Includes a negative impact of approximately 160 basis points from the addition of Newport on gross profit margin.
- Ongoing semiconductor inventory digestion.
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...