Vishay Intertechnology Announces $35 Million Global Cost Reduction Programs
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Vishay Intertechnology (VSH) Misses Q2 EPS by 3c
August 4, 2015 7:37 AM EDTVishay Intertechnology (NYSE: VSH) reported Q2 EPS of $0.20, $0.03 worse than the analyst estimate of $0.23. Revenue for the quarter came in at $590.5 million versus the consensus estimate of $610.4 million.
For earnings history and earnings-related data on Vishay Intertechnology (VSH) click here.
... MoreVishay Intertechnology (VSH) Plans $35M of Cost Cuts
August 3, 2015 4:15 PM EDTVishay Intertechnology (NYSE: VSH) announced global cost reduction programs as part of its continuous efforts to improve efficiency and operating performance.
The programs include a plan to reduce selling, general, and administrative (SG&A) costs company-wide, and targeted streamlining and consolidation of production for certain product lines within its Capacitors and Resistors & Inductors segments. The programs in total are expected to lower costs by approximately $35 million annually (at current volumes) when fully implemented, at expected cash costs (primarily severance) of approximately $30 million. The implementation of these programs will not impact planned research and... More
