Vishay Intertechnology, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
February 07, 2024 at 07:15 am EST
Share
Vishay Intertechnology, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was USD 785.24 million compared to USD 855.3 million a year ago. Net income was USD 51.47 million compared to USD 72.79 million a year ago. Basic earnings per share from continuing operations was USD 0.37 compared to USD 0.51 a year ago. Diluted earnings per share from continuing operations was USD 0.37 compared to USD 0.51 a year ago.
For the full year, sales was USD 3,402.05 million compared to USD 3,497.4 million a year ago. Net income was USD 323.82 million compared to USD 428.81 million a year ago. Basic earnings per share from continuing operations was USD 2.32 compared to USD 2.99 a year ago. Diluted earnings per share from continuing operations was USD 2.31 compared to USD 2.98 a year ago.
Vishay Intertechnology, Inc. (Vishay) is engaged in manufacturing a portfolio of discrete semiconductors and passive electronic components, which supports designs in the automotive, industrial, computing, consumer, telecommunications, military, aerospace, and medical markets. Vishay designs, manufactures, and markets electronic components that cover a range of functions and technologies. Its products include commodity, non-commodity, and custom products. Vishayâs brands include Siliconix, Dale, Draloric, Beyschlag, Sfernice, MCB, UltraSource, Applied Thin-Film Products, IHLP, HiRel Systems, Sprague, Vitramon, Barry, and BCcomponents. Vishayâs semiconductors products include metal oxide semiconductor field-effect transistors (MOSFETs), diodes, and optoelectronic components. The Companyâs semiconductor components are used for a variety of functions, including power control, power conversion, signal switching, signal routing, signal blocking, two-way data transfer, and circuit isolation.