MALVERN, PA — Vishay Intertechnology, Inc. (NYSE: VSH) announced its financial results for the fourth quarter and full year ending December 31, 2024, showcasing both challenges and strategic advancements.
For the fourth quarter, Vishay reported revenues of $714.7 million, while recording a GAAP loss per share of $(0.49) and an adjusted EPS of $0.00. The company’s book-to-bill ratio reached 1.01 overall, with semiconductors at 0.99 and passive components at 1.03, marking a positive indicator after nine consecutive quarters. Vishay closed the quarter with a backlog of 4.4 months.
Over the year, the company returned $105.1 million to shareholders, including $26.2 million in the fourth quarter, and invested $320.1 million in capital expenditures.
“Our fourth quarter results came in as expected, slightly below the third quarter,” said Joel Smejkal, President and CEO of Vishay Intertechnology. “Nevertheless, we saw many promising indicators including a positive book-to-bill for the first time in nine quarters, strong order intake for smart grid infrastructure projects, and initial shipments for A.I. servers.”
Positioning for Strategic Growth
The company emphasized its progress under the “Vishay 3.0” strategy, focusing on capacity expansion, customer engagement, and market alignment. Strategic wins included increased orders tied to smart grid infrastructure projects and the delivery of early shipments for A.I. servers, indicating alignment with market trends in technology and sustainability.
Looking ahead, Smejkal commented, “For 2025, we are well positioned to support a market upturn as capacity, print position, and customer engagements have been key priorities under Vishay 3.0. All of our strategic levers are in play as we continue to execute our five-year plan to position Vishay to take advantage of the megatrends of e-mobility and sustainability.”
2025 Guidance
For the first quarter of 2025, Vishay anticipates revenues of $710 million +/- $20 million and a gross profit margin of 19.0% +/- 50 basis points, accounting for an estimated 175-200 basis point impact from Newport operations.
With its strategic focus and improving market dynamics, Vishay Intertechnology remains committed to capturing opportunities within high-growth sectors, strengthening its position in e-mobility and sustainability-oriented technologies.
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