Vishay Intertechnology (VSH) Misses Q2 EPS by 3c
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Vishay Reports Results for Second Quarter 2015
August 4, 2015 7:31 AM EDTRevenues for Q2 2015 $590.5 millionOperating margin Q2 2015 of 7.5%, or adjusted operating margin of 8.4%EPS Q2 2015 of $0.17, or adjusted EPS of $0.20Cash from operations for trailing twelve months Q2 2015 of $290 million and capital expenditures of $153 millionGuidance for Q3 2015 for revenues of $560 - $600 million and gross margins of 22% to 24%Â Â Â
MALVERN, Pa., Aug. 04, 2015 (GLOBE NEWSWIRE) -- Vishay Intertechnology, Inc. (NYSE: VSH), one of the worlds largest manufacturers of discrete semiconductors and passive components, today announced its results for the fiscal quarter and six fiscal months ended July 4, 2015.                                                                                                                    Revenues for the fiscal quarter ended July 4, 2015 were $590.5 million, compared to $641.9 million for the fiscal... More
Vishay Intertechnology Announces $35 Million Global Cost Reduction Programs
August 3, 2015 4:13 PM EDTMALVERN, Pa., Aug. 03, 2015 (GLOBE NEWSWIRE) -- Vishay Intertechnology, Inc. (NYSE: VSH), one of the world's largest manufacturers of discrete semiconductors and passive components, today 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. Â The programs in total are expected to lower costs by approximately $35 million annually (at current volumes) when fully... More
