NYSE$VSH

Vishay Intertechnology Inc · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Vishay reported strong Q4 2020 results, with revenues driven by automotive and distribution sales, despite challenges from higher freight costs and a weaker dollar.

Vishay Intertechnology reported revenues of $667.2 million and EPS of $0.26 for the fourth quarter of 2020. The company's performance was driven by strong sales to automotive customers and distribution channels. However, the incremental performance was negatively impacted by higher freight costs and a weaker dollar.

  • Revenues for Q4 2020 reached $667 million.
  • Gross margin for Q4 2020 was 22.8%.
  • EPS for Q4 2020 was $0.26.
  • Adjusted EPS for Q4 2020 was $0.28.

Headline financials

Total Revenue

$667M

Previous: $610M+9.4%
EPS (adj)

$0.28

Previous: $0.13+115.4%
Net Income

$37.6M

Previous: $14M+168.3%
Operating Income

$60M

Previous: $24.2M+148.2%
Gross Profit

$152M

Previous: $135M+12.5%
Cash & Equivalents

$620M

Previous: $694M-10.7%
Total Assets

$3.15B

Previous: $3.12B+1.1%

Revenue & EPS history

Vishay · Revenue · Quarterly

$667M

Q4 2020+9.4%vs Q4 2019
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Forward guidance

For the first quarter 2021, Vishay guides for revenues in the range of $705 to $745 million at a gross margin of 25.0% plus/minus 60 basis points, assuming the same exchange rates versus the dollar as in the fourth quarter.

Tailwinds

  • Revenue guidance between $705 million and $745 million.
  • Gross margin target of 25.0%, plus or minus 60 basis points.
  • Guidance based on current order intake.
  • Guidance based on increased 13-week backlog.
  • Exchange rates are assumed to be the same as in the fourth quarter.

Headwinds

  • Guidance is subject to exchange rate fluctuations.
  • Guidance is subject to order intake.
  • Guidance is subject to backlog.
  • Gross margin could be negatively impacted by various factors.
  • Future performance is subject to various risks and 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 Q4 2020

Historical avgQ4 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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