Vishay Intertechnology (VSH) Misses Q4 EPS by 1c, Beat on Revenues; Offers 1Q18 Revenue Mid-Point Guidance Below Consensus

Vishay Intertechnology (NYSE: VSH) reported Q4 EPS of $0.37, $0.01 worse than the analyst estimate of $0.38. Revenue for the quarter came in at $674 million versus the consensus estimate of $671.86 million.

• Revenues for Q4 2017 of $674 million and for year 2017 $2,604 million
• Gross Margin Q4 of 26.2% and year 2017 of 26.9%
• Adjusted Operating Margin Q4 of 11.7% and year 2017 of 12.4%
• EPS Q4 of ($1.23) and year 2017 ($0.14)
• Adjusted EPS Q4 of $0.37 and year 2017 of $1.43
• Cash from operations for year 2017 of $369 million and capital expenditures of $170 million
• Charge of $235 million related to the enactment of the U.S. Tax Cuts and Jobs Act
• Guidance for Q1 2018 for revenues of $665 to $705 million and gross margins of 26.5% to 27.5% at Q4 exchange rates

Commenting on the outlook Dr. Paul stated, “For the first quarter based on Vishay’s capacity constraints, we guide for revenues of $665 to $705 million and gross margins of 26.5% to 27.5% at the exchange rates for the fourth quarter.”

GUIDANCE:

Vishay Intertechnology sees Q1 2018 revenue of $665-705 million, versus the consensus of $689.58 million.

For earnings history and earnings-related data on Vishay Intertechnology (VSH) click here.

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