Vishay ( (VSH) ) has released its Q4 earnings. Here is a breakdown of the information Vishay presented to its investors.
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Vishay Intertechnology, Inc. is a prominent manufacturer specializing in discrete semiconductors and passive electronic components, serving a diverse range of markets including automotive, industrial, and telecommunications. The company announced its fiscal fourth quarter and full-year 2024 results, highlighting a challenging period with revenues of $714.7 million in the fourth quarter and a GAAP loss per share of $0.49, while adjusted earnings per share were neutral at $0.00. For the full year 2024, Vishay reported revenues of $2.94 billion, a decrease from $3.40 billion in the previous year.
The company’s financial results reflect a difficult year, characterized by a decline in gross margins to 21.3% for the full year, down from 28.6% the previous year. Operating income also saw a substantial decrease to $5.6 million from $486.1 million. Vishay faced challenges such as increased restructuring and severance costs as well as a significant goodwill impairment. Despite these hurdles, the company maintained a steady book-to-bill ratio and managed to return $105.1 million to shareholders over the year.
Moreover, Vishay’s strategic focus remained intact, with promising developments including strong order intake for smart grid infrastructure projects and initial shipments for AI servers. The company invested $320.1 million in capital expenditures, reflecting its commitment to growth and capacity expansion aligned with its strategic priorities under the Vishay 3.0 initiative.
Looking ahead, Vishay’s management anticipates a revenue range of $710 million +/- $20 million for the first quarter of 2025, with a gross profit margin expected at 19.0% +/- 50 basis points. The company is positioning itself to capitalize on market upturns, particularly in e-mobility and sustainability, as part of its five-year strategic plan.
