Vishay Intertechnology Inc. Files 10-Q for Period Ending March 30, 2024

TL;DR

<b>Vishay Intertechnology Inc. has filed its Q1 2024 10-Q report detailing financial information for the period ending March 30, 2024.</b>

AI Summary

VISHAY INTERTECHNOLOGY INC (VSH) filed a Quarterly Report (10-Q) with the SEC on May 8, 2024. Vishay Intertechnology Inc. filed its quarterly report (10-Q) on May 8, 2024. The report covers the fiscal period ending March 30, 2024. The company's principal business is in Electronic Components & Accessories. The filing includes data related to common stock, retained earnings, and other equity accounts. Key dates mentioned include the filing date of May 8, 2024, and the period end date of March 30, 2024.

Why It Matters

For investors and stakeholders tracking VISHAY INTERTECHNOLOGY INC, this filing contains several important signals. This filing provides investors with up-to-date financial performance and position data for Vishay Intertechnology Inc. Understanding the details within this 10-Q is crucial for assessing the company's current financial health and operational status in the electronic components sector.

Risk Assessment

Risk Level: low — VISHAY INTERTECHNOLOGY INC shows low risk based on this filing. The filing is a standard quarterly report (10-Q) and does not contain immediate, significant financial distress signals or major strategic shifts that would indicate high risk.

Analyst Insight

Monitor future filings for revenue trends, profitability, and any changes in debt levels to gauge the company's ongoing performance.

Key Numbers

• 2024-03-30 — Period End Date (Quarterly report period)
• 2024-05-08 — Filing Date (Date the report was submitted)
• 3670 — SIC Code (Electronic Components & Accessories)
• 010 — Par Value (Common Stock Par Value per Share)

Key Players & Entities

• VISHAY INTERTECHNOLOGY INC (company) — Filer name
• VSH (company) — Ticker symbol
• 10-Q (regulator) — Form type
• 2024-05-08 (date) — Filing date
• 2024-03-30 (date) — Period of report
• 3670 (dollar_amount) — Standard Industrial Classification for Electronic Components & Accessories
• DE (company) — State of incorporation
• 6106441300 (dollar_amount) — Business phone number

FAQ

Key Dates

• 2024-03-30: Quarter End — End of the reporting period for the 10-Q
• 2024-05-08: Filing Date — Date the 10-Q was officially submitted to the SEC

Glossary

10-Q

A quarterly report required by the U.S. Securities and Exchange Commission (SEC). (Provides a comprehensive update on the company's financial performance and position during the quarter.)

SIC Code

Standard Industrial Classification code used to identify industries. (Helps categorize Vishay Intertechnology Inc. within the Electronic Components & Accessories sector.)

Key Financial Figures

• $0.10 — ich registered Common stock, par value $0.10 per share VSH New York Stock Exchan
• $1 — 25 % 2.25 % Conversion rate (per $1 principal amount) 32.1476 33.1609

Filing Documents

• vishayintertech_10q.htm (10-Q) — 1795KB
• exhibit31-1q.htm (EX-31.1) — 11KB
• exhibit31-2q.htm (EX-31.2) — 11KB
• exhibit32-1q.htm (EX-32.1) — 4KB
• exhibit32-2q.htm (EX-32.2) — 4KB
• exhibit10-7.htm (EX-10.7) — 41KB
• exhibit10-8.htm (EX-10.8) — 48KB
• 0000103730-24-000084.txt (&nbsp;) — 8130KB
• vsh-20240330.xsd (EX-101.SCH) — 55KB
• vsh-20240330_cal.xml (EX-101.CAL) — 76KB
• vsh-20240330_def.xml (EX-101.DEF) — 288KB
• vsh-20240330_lab.xml (EX-101.LAB) — 891KB
• vsh-20240330_pre.xml (EX-101.PRE) — 485KB
• vishayintertech_10q_htm.xml (XML) — 1169KB

Financial Statements

Financial Statements Consolidated Condensed Balance Sheets – March 30, 2024 (Unaudited) and December 31, 2023 4 Consolidated Condensed Statements of Operations (Unaudited) – Fiscal Quarters Ended March 30, 2024 and April 1, 2023 6 Consolidated Condensed Statements of Comprehensive Income (Unaudited) – Fiscal Quarters Ended March 30, 2024 and April 1, 2023 7 Consolidated Condensed Statements of Cash Flows (Unaudited) – Fiscal Quarters Ended March 30, 2024 and April 1, 2023 8 Consolidated Condensed Statements of Equity (Unaudited) 9 Notes to Consolidated Condensed Financial Statements (Unaudited) 10 Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 22 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 39 Item 4.

Controls and Procedures

Controls and Procedures 39 PART II. OTHER INFORMATION Item 1.

Legal Proceedings

Legal Proceedings 40 Item 1A.

Risk Factors

Risk Factors 40 Item 2. Unregistered Sales of Equity Securities, Use of Proceeds, and Issuer Purchases of Equity Securities 40 Item 3. Defaults Upon Senior Securities 40 Item 4. Mine Safety Disclosures 40 Item 5. Other Information 40 Item 6. Exhibits 41

- FINANCIAL INFORMATION

PART I - FINANCIAL INFORMATION

Financial Statements

Item 1. Financial Statements VISHAY INTERTECHNOLOGY, INC. Consolidated Condensed Balance Sheets (In thousands) March 30, 2024 December 31, 2023 (Unaudited) Assets Current assets: Cash and cash equivalents $ 796,541 $ 972,719 Short-term investments 37,418 35,808 Accounts receivable, net 411,203 426,674 Inventories: Finished goods 166,684 167,083 Work in process 280,536 267,339 Raw materials 218,623 213,098 Total inventories 665,843 647,520 Prepaid expenses and other current assets 232,135 214,443 Total current assets 2,143,140 2,297,164 Property and equipment, at cost: Land 84,302 77,006 Buildings and improvements 744,328 719,387 Machinery and equipment 3,171,593 3,053,868 Construction in progress 300,714 290,593 Allowance for depreciation ( 2,857,344 ) ( 2,846,208 ) Property and equipment, net 1,443,593 1,294,646 Right of use assets 129,346 126,829 Deferred income taxes 135,786 137,394 Goodwill 238,890 201,416 Other intangible assets, net 73,444 72,333 Other assets 99,865 110,141 Total assets $ 4,264,064 $ 4,239,923 Continues on following page. 4 VISHAY INTERTECHNOLOGY, INC. Consolidated Condensed Balance Sheets (continued) (In thousands) March 30, 2024 December 31, 2023 (Unaudited) Liabilities and equity Current liabilities: Trade accounts payable $ 197,513 $ 191,002 Payroll and related expenses 153,280 161,940 Lease liabilities 27,760 26,485 Other accrued expenses 258,773 239,350 Income taxes 72,018 73,098 Total current liabilities 709,344 691,875 Long-term debt less current portion 819,407 818,188 U.S. transition tax payable 47,027 47,027 Deferred income taxes 118,389 95,776 Long-term lease liabilities 103,594 102,830 Other liabilities 88,719 87,918 Accrued pension and other postretirement costs 190,356 195,503 Total liabilities 2,076,836 2,039,117 Equity: Vishay

View Full Filing

View this 10-Q filing on SEC EDGAR