4Q 2023 Earnings Conference Call February 7, 2024 © VISHAY INTERTECHNOLOGY, INC. ALL RIGHTS RESERVED.. Toet to ANO ent NOTES ON FORWARD-LOOKING STATEMENTS Comments in this presentation other than statements of historical fact may constitute forward-looking statements. Words such as "believe," "estimate," "will be," "will," "would," "expect," "anticipate," "plan," "project," "intend," "could," "should" or other similar words or expressions often identify forward-looking statements. Such statements are based ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______ to _______ Commission File Number 011-07416 Vishay Intertechnology, Inc. (Exact name of registrant as specified in its charter) Delaware 38-1686453 ( ...

Financial Data and Key Metrics Changes - Revenue for Q3 2023 was reported at $853.7 million, within the guidance range of $840 million to $880 million, but declined both quarter-over-quarter and year-over-year due to inventory adjustments and softened demand [7][14] - Gross profit was $237.6 million, resulting in a gross margin of 27.8%, down from 28.9% in the previous quarter [16] - Operating income decreased by $19.5 million compared to the second quarter and $68.0 million year-over-year, with an operating margin of 13.5% [16] - Adjusted EBITDA was $159.6 million, with an adjusted EBITDA margin of 18.7% [17] - EPS was $0.47, while adjusted EPS was $0.60, compared to $0.68 in the previous quarter [17] Business Line Data and Key Metrics Changes - Automotive revenue, accounting for 37% of total revenue, increased by 2% quarter-over-quarter and grew 10% year-over-year [7] - Industrial revenue, representing 35% of total revenue, declined by 9% from the second quarter and 18% year-over-year [7] - Aerospace and Defense revenue was slightly below the second quarter but grew 19% year-over-year due to strong demand [8] - Medical revenue fell 14% compared to both the second quarter and the same quarter last year due to order timing and product mix [9] - Distribution revenue decreased by 10% quarter-over-quarter and 18% year-over-year, attributed to inventory adjustments [10] Market Data and Key Metrics Changes - Channel sales showed a decrease in POS by 7%, reflecting weakened industrial demand across all regions [11] - OEM revenue grew by 4% quarter-over-quarter and 11% year-over-year, driven by automotive demand [11] - EMS revenue declined by 6% quarter-over-quarter and 14% year-over-year due to inventory adjustments [11] Company Strategy and Development Direction - The company is focused on expanding capacity to support high-growth product lines and is investing approximately $350 million in 2023, down from an initial plan of $385 million [23][24] - New facilities in Mexico are being opened to support mass production for power inductors and other products [24] - The acquisition of the Newport wafer fab is aimed at enhancing silicon carbide capabilities, which is critical for automotive applications [26][27] - The company is committed to increasing participation in the distribution channel by broadening the SKU mix and engaging with distributors [39][40] Management's Comments on Operating Environment and Future Outlook - Management noted macroeconomic uncertainties and higher interest rates affecting demand, particularly in China [8] - The company is optimistic about design activities in industrial automation and electric vehicles, despite current inventory levels [8] - Management expressed confidence in the company's ability to navigate through the current challenges and emphasized the importance of investments in capacity and innovation [51] Other Important Information - The company returned $31.1 million to shareholders through dividends and stock repurchases [15] - Total liquidity at the end of the quarter was $1.9 billion, including cash and short-term investments of $1.2 billion [19] Q&A Session Summary Question: Details on the Newport Fab transaction - Management stated that historical capacity details of the fab cannot be shared until the closing process is complete [34] Question: Pricing pressures on non-commodity products - Pricing pressures remain contained to commodity product lines [36] Question: Details on the Newport wafer fab acquisition - The Newport fab acquisition is in addition to the previously announced $1.2 billion investment over three years, aimed at enhancing silicon carbide capabilities [37] Question: Increasing inventory with distribution partners - The company is intentionally increasing inventory to broaden participation in the distribution channel and has added 8,000 part numbers this year [38][40] Question: Filling gaps in technology and market coverage - The company is looking to fill technology gaps in silicon carbide and GaN, considering both internal investment and M&A opportunities [42] Question: Near-term modeling questions on margins - Management indicated that while margins are currently under pressure, they are working diligently to manage costs and improve margins moving forward [44][45]

Vishay Intertechnology, Inc. (NYSE:VSH) Q2 2023 Earnings Conference Call August 9, 2023 9:00 AM ET Company Participants Peter Henrici - Investor Relations Joel Smejkal - President & Chief Executive Officer Lori Lipcaman - Executive Vice President & Chief Financial Officer Conference Call Participants Ruplu Bhattacharya - Bank of America Operator Greetings, and welcome to the Vishay Second Quarter 2023 Earnings Conference Call. At this time, all participants are in a listen-only mode. A brief question-and-an ...

2Q 2023 Earnings Conference Call August 9, 2023 © VISHAY INTERTECHNOLOGY, INC. ALL RIGHTS RESERVED.. Toet to ANO ent NOTES ON FORWARD-LOOKING STATEMENTS Comments in this presentation other than statements of historical fact may constitute forward-looking statements. Words such as "believe," "estimate," "will be," "will," "would," "expect," "anticipate," "plan," "project," "intend," "could," "should" or other similar words or expressions often identify forward-looking statements. Such statements are based on ...

Vishay Intertechnology, Inc. (NYSE:VSH) Q1 2023 Earnings Conference Call May 10, 2023 9:00 AM ET Company Participants Peter Henrici - Investor Relations Joel Smejkal - President & Chief Executive Officer Lori Lipcaman - Chief Financial Officer Conference Call Participants Ruplu Bhattacharya - Bank of America Matt Sheerin - Stifel Joshua Buchalter - TD Cowen Operator Greetings. And welcome to the Vishay Intertechnology First Quarter 2023 Earnings Conference Call. At this time, all participants are in a liste ...

1Q 2023 Earnings Conference Call May 10, 2023 © VISHAY INTERTECHNOLOGY, INC. ALL RIGHTS RESERVED.. Toet to ANO ent NOTES ON FORWARD-LOOKING STATEMENTS Comments in this presentation other than statements of historical fact may constitute forward-looking statements. Words such as "believe," "estimate," "will be," "will," "would," "expect," "anticipate," "plan," "project," "intend," "could," "should" or other similar words or expressions often identify forward-looking statements. Such statements are based on c ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______ to _______ Commission file number 1-7416 Vishay Intertechnology, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorpora ...

Vishay Intertechnology, Inc. (NYSE:VSH) Q4 2022 Earnings Conference Call February 8, 2023 9:00 AM ET Company Participants Peter Henrici - Investor Relations Joel Smejkal - President and CEO Lori Lipcaman - Chief Financial Officer Conference Call Participants Joshua Buchalter - Cowen and Company Matt Sheerin - Stifel Ruplu Bhattacharya - Bank of America Operator Greetings. And welcome to the Vishay Intertechnology’s Fourth Quarter 2022 Earnings Call. At this time, all participants are in a listen-only mode. ...

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