NYSE$VSH

Vishay Intertechnology Inc · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

Vishay's revenue aligned with guidance, driven by distribution inventory reduction, but overshadowed by COVID-19 pandemic's economic impact.

Vishay Intertechnology reported Q1 2020 revenues of $612.8 million and EPS of $0.19. The company faced temporary plant shutdowns due to COVID-19, but sales remained within the guidance range with higher profitability. Automotive production decline and weak economic outlook due to the pandemic are significant challenges.

  • Q1 2020 revenues reached $612.8 million.
  • EPS for Q1 2020 was $0.19, with adjusted EPS at $0.21.
  • The book-to-bill ratio was 1.17, driven by distribution.
  • Distribution inventories reduced by $63 million.

Headline financials

Total Revenue

$613M

Previous: $745M-17.8%
EPS (adj)

$0.21

Previous: $0.51-58.8%
Free Cash Flow

$27.2M

Previous: $75.5M-63.9%
Net Income

$27.2M

Previous: $75.5M-63.9%
Operating Income

$47.4M

Previous: $108M-56.0%
Gross Profit

$147M

Previous: $211M-30.3%
Cash & Equivalents

$681M

Previous: $749M-9.2%
Total Assets

$3.12B

Previous: $3.18B-2.0%

Revenue & EPS history

Vishay · Revenue · Quarterly

$613M

Q1 2020-17.8%vs Q1 2019
Beat estimate in 14 of 16 quarters(88%)
ActualEstimate

Forward guidance

For Q2 2020, Vishay anticipates revenues between $540 million and $580 million, with gross margins of 21.0% plus/minus 90 basis points, based on Q1 2020 exchange rates, despite substantial uncertainties.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2020

Historical avgQ1 2020

-0.2%

Avg return

Earnings day

+0.4%

Avg return

5 days after

+3.1%

Avg return

30 days after

47%

32 / 68 earnings

Positive

+15.3%

Q1 2023

Best reaction

-13.7%

Q1 2020

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+4.6%+9.8%+76.0%
Q4 2025+5.0%-6.1%-19.5%
Q3 2025-4.9%-8.8%-5.6%
Q1 2025-9.8%+9.7%+12.8%
Q4 2024+9.9%+1.7%+6.9%
Q3 2024+5.0%+1.9%+6.7%
Q2 2024-6.1%-8.6%-14.0%
Q1 2024+0.3%-1.1%-1.5%
Q4 2023+1.3%+4.4%+7.6%
Q3 2023-7.2%-6.8%+0.7%
Q2 2023-1.1%+0.2%-8.2%
Q1 2023+15.3%+14.9%+29.1%
Q4 2022-13.2%-12.7%-10.9%
Q3 2022-6.2%+0.1%+7.6%
Q2 2022+1.6%+0.6%-5.9%
Q1 2022+5.1%+0.3%+9.3%
Q4 2021-1.2%-3.8%-9.8%
Q3 2021-2.3%+0.0%+0.3%
Q2 2021+2.4%+1.3%-6.7%
Q1 2021-0.7%+2.1%-2.0%
Q4 2020-6.1%-2.8%+1.7%
Q3 2020+0.4%+6.7%+18.7%
Q2 2020+6.0%+4.2%+0.6%
Q1 2020-13.7%-13.4%-8.4%
Q4 2019+3.9%+1.5%-9.5%
Q3 2019+7.7%+6.8%+6.9%
Q2 2019-3.0%-5.2%-9.8%
Q1 2019-8.3%-9.1%-15.8%
Q4 2018+11.0%+10.7%+2.3%
Q3 2018+6.8%+13.1%+19.3%
Q2 2018-2.4%-6.5%-11.3%
Q1 2018+14.0%+13.4%+32.8%
Q4 2017-10.0%-16.4%-8.1%
Q3 2017+0.9%+3.0%+6.7%
Q2 2017+0.0%+0.3%+0.6%
Q1 2017+1.5%+3.1%+2.8%
Q4 2016-6.3%-2.7%-3.6%
Q3 2016+3.2%+6.5%+12.3%
Q2 2016-0.2%+3.1%+8.4%
Q1 2016+2.5%
Q4 2015+5.7%
Q3 2015+6.8%
Q2 2015-3.9%
Q1 2015-3.3%
Q4 2014-0.1%
Q3 2014-3.6%
Q2 2014+0.3%
Q1 2014-0.1%
Q4 2013-0.4%
Q3 2013-6.9%
Q2 2013-4.0%
Q1 2013+5.4%
Q4 2012+9.9%
Q3 2012-5.9%
Q2 2012+12.3%
Q1 2012+5.2%
Q4 2008+0.2%
Q4 2011+0.2%
Q4 2010+0.2%
Q3 2011-1.1%
Q2 2011-4.6%
Q1 2010-11.1%
Q1 2011-2.3%
Q2 2010+0.8%
Q3 2010+0.0%
Q3 2009+0.0%
Q4 2009-9.3%
Q2 2009-9.3%

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