Vishay Intertechnology reported Q4 2023 results, with revenues of $785.2 million and EPS of $0.37. The company is experiencing inventory adjustments and softened demand in industrial end markets. Management expects revenues in the range of $735 million +/- $20 million and a gross profit margin in the range of 24.0% +/- 50 basis points for Q1 2024.
Q4 2023 revenues reached $785.2 million.
Q4 2023 EPS was reported at $0.37.
The book-to-bill ratio for Q4 2023 was 0.75.
Backlog at the end of the quarter stood at 5.3 months.
For the first quarter of 2024, management expects revenues in the range of $735 million +/- $20 million and a gross profit margin in the range of 24.0% +/- 50 basis points.
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