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Dec 31, 2020
Vishay Q4 2020 Earnings Report
Vishay reported strong Q4 2020 results, with revenues driven by automotive and distribution sales, despite challenges from higher freight costs and a weaker dollar.
Key Takeaways
Vishay Intertechnology reported revenues of $667.2 million and EPS of $0.26 for the fourth quarter of 2020. The company's performance was driven by strong sales to automotive customers and distribution channels. However, the incremental performance was negatively impacted by higher freight costs and a weaker dollar.
Revenues for Q4 2020 reached $667 million.
Gross margin for Q4 2020 was 22.8%.
EPS for Q4 2020 was $0.26.
Adjusted EPS for Q4 2020 was $0.28.
Forward Guidance
For the first quarter 2021, Vishay guides for revenues in the range of $705 to $745 million at a gross margin of 25.0% plus/minus 60 basis points, assuming the same exchange rates versus the dollar as in the fourth quarter.
Positive Outlook
- Revenue guidance between $705 million and $745 million.
- Gross margin target of 25.0%, plus or minus 60 basis points.
- Guidance based on current order intake.
- Guidance based on increased 13-week backlog.
- Exchange rates are assumed to be the same as in the fourth quarter.
Challenges Ahead
- Guidance is subject to exchange rate fluctuations.
- Guidance is subject to order intake.
- Guidance is subject to backlog.
- Gross margin could be negatively impacted by various factors.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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