Vishay Intertechnology Files Q2 2024 10-Q Report

TL;DR

Vishay Intertech's Q2 2024 10-Q is in. Check financials.

AI Summary

Vishay Intertechnology Inc. filed its 10-Q report for the period ending June 29, 2024. The report details financial performance and operational updates for the second quarter of 2024. Key financial figures and business segments are presented, reflecting the company's ongoing activities in the electronic components industry.

Why It Matters

This filing provides investors and analysts with the latest financial health and operational performance of Vishay Intertechnology, crucial for understanding its market position and future prospects.

Risk Assessment

Risk Level: low — This is a routine quarterly financial filing with no immediate red flags.

Key Numbers

• 20240629 — Period End Date (End of the reporting quarter)
• 20240807 — Filing Date (Date the report was submitted to the SEC)

Key Players & Entities

• VISHAY INTERTECHNOLOGY INC (company) — Filer
• 0000103730-24-000102 (other) — Accession Number
• 20240629 (date) — Period of Report
• 20240807 (date) — Filing Date
• 3670 (other) — Standard Industrial Classification Code

FAQ

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) 32.1684 33.1609

Filing Documents

• vishayintertech_10q.htm (10-Q) — 2516KB
• 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
• 0000103730-24-000102.txt ( ) — 9827KB
• vsh-20240629.xsd (EX-101.SCH) — 54KB
• vsh-20240629_cal.xml (EX-101.CAL) — 76KB
• vsh-20240629_def.xml (EX-101.DEF) — 287KB
• vsh-20240629_lab.xml (EX-101.LAB) — 887KB
• vsh-20240629_pre.xml (EX-101.PRE) — 484KB
• vishayintertech_10q_htm.xml (XML) — 1743KB

Financial Statements (Unaudited)

Financial Statements (Unaudited) Consolidated Condensed Balance Sheets – June 29, 2024 and December 31, 2023 4 Consolidated Condensed Statements of Operations – Fiscal Quarters Ended June 29, 2024 and July 1, 2023 6 Consolidated Condensed Statements of Comprehensive Income – Fiscal Quarters Ended June 29, 2024 and July 1, 2023 7 Consolidated Condensed Statements of Operations – Six Fiscal Months Ended June 29, 2024 and July 1, 2023 8 Consolidated Condensed Statements of Comprehensive Income – Six Fiscal Months Ended June 29, 2024 and July 1, 2023 9 Consolidated Condensed Statements of Cash Flows – Six Fiscal Months Ended June 29, 2024 and July 1, 2023 10 Consolidated Condensed Statements of Equity 11 Notes to the Consolidated Condensed Financial Statements 12 Item 2.

Management's Discussion and Analysis of Financial Condition and

Management's Discussion and Analysis of Financial Condition and Results of Operations 25 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 43 Item 4.

Controls and Procedures

Controls and Procedures 43 PART II. OTHER INFORMATION Item 1.

Legal Proceedings

Legal Proceedings 44 Item 1A.

Risk Factors

Risk Factors 44 Item 2. Unregistered Sales of Equity Securities, Use of Proceeds, and Issuer Purchases of Equity Securities 44 Item 3. Defaults Upon Senior Securities 44 Item 4. Mine Safety Disclosures 45 Item 5. Other Information 45 Item 6. Exhibits 45

- FINANCIAL INFORMATION

PART I - FINANCIAL INFORMATION

Financial Statements

Item 1. Financial Statements VISHAY INTERTECHNOLOGY, INC. Consolidated Condensed Balance Sheets (Unaudited - In thousands) June 29, 2024 December 31, 2023 Assets Current assets: Cash and cash equivalents $ 672,731 $ 972,719 Short-term investments 15,320 35,808 Accounts receivable, net 424,512 426,674 Inventories: Finished goods 172,353 167,083 Work in process 280,490 267,339 Raw materials 218,480 213,098 Total inventories 671,323 647,520 Prepaid expenses and other current assets 213,331 214,443 Total current assets 1,997,217 2,297,164 Property and equipment, at cost: Land 84,036 77,006 Buildings and improvements 752,194 719,387 Machinery and equipment 3,226,301 3,053,868 Construction in progress 283,024 290,593 Allowance for depreciation ( 2,888,004 ) ( 2,846,208 ) Property and equipment, net 1,457,551 1,294,646 Right of use assets 124,878 126,829 Deferred income taxes 135,752 137,394 Goodwill 250,580 201,416 Other intangible assets, net 86,895 72,333 Other assets 99,828 110,141 Total assets $ 4,152,701 $ 4,239,923 Continues on following page. 4 VISHAY INTERTECHNOLOGY, INC. Consolidated Condensed Balance Sheets (continued) (Unaudited - In thousands) June 29, 2024 December 31, 2023 Liabilities and equity Current liabilities: Trade accounts payable $ 198,527 $ 191,002 Payroll and related expenses 152,423 161,940 Lease liabilities 27,502 26,485 Other accrued expenses 241,961 239,350 Income taxes 49,546 73,098 Total current liabilities 669,959 691,875 Long-term debt less current portion 820,622 818,188 U.S. transition tax payable - 47,027 Deferred income taxes 108,886 95,776 Long-term lease liabilities 98,907 102,830 Other liabilities 85,306 87,918 Accrued pension and other postretirement costs 187,575 195,503 Total liabilities 1,971,255 2,039,117 Equity: Vishay stockholde

View Full Filing

View this 10-Q filing on SEC EDGAR