Vishay Intertechnology Files Q3 2024 10-Q

TL;DR

Vishay's Q3 10-Q is in: check out their latest financials for the nine months ending Sept 28, 2024.

AI Summary

Vishay Intertechnology Inc. filed its 10-Q for the period ending September 28, 2024. The filing details the company's financial performance and position, including its balance sheet and income statement data for the nine months ended September 30, 2024, and compares it to the same period in 2023. Key financial figures such as revenue, net income, and assets are presented.

Why It Matters

This filing provides investors with a detailed look at Vishay's financial health and operational performance during the third quarter of 2024, crucial for investment decisions.

Risk Assessment

Risk Level: medium — 10-Q filings are standard financial reports, but the specific financial performance detailed within can indicate varying levels of risk.

Key Numbers

• 20240928 — Reporting Period End (The end date for the financial data presented in the 10-Q.)
• 20241106 — Filing Date (The date the 10-Q was officially submitted to the SEC.)
• 2023-09-30 — Prior Year Period End (Comparison period for financial results.)

Key Players & Entities

• VISHAY INTERTECHNOLOGY INC (company) — Filer
• 20240928 (date) — Reporting period end date
• 20241106 (date) — Filing date
• 63 LANCASTER AVENUE (address) — Company business and mailing address
• MALVERN (location) — Company city
• PA (location) — Company state
• 19355 (zip_code) — Company zip code
• 6106441300 (phone_number) — Company business phone

FAQ

Key Financial Figures

• $0.10 — ich registered Common stock, par value $0.10 per share VSH New York Stock Exchan

Filing Documents

• vishayintertech_10q.htm (10-Q) — 2811KB
• exhibit4-1.htm (EX-4.1) — 18KB
• exhibit4-2.htm (EX-4.2) — 18KB
• 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
• 0000103730-24-000122.txt ( ) — 10482KB
• vsh-20240928.xsd (EX-101.SCH) — 57KB
• vsh-20240928_cal.xml (EX-101.CAL) — 71KB
• vsh-20240928_def.xml (EX-101.DEF) — 295KB
• vsh-20240928_lab.xml (EX-101.LAB) — 860KB
• vsh-20240928_pre.xml (EX-101.PRE) — 484KB
• vishayintertech_10q_htm.xml (XML) — 1864KB

Financial Statements (Unaudited)

Financial Statements (Unaudited) Consolidated Condensed Balance Sheets – September 28, 2024 and December 31, 2023 4 Consolidated Condensed Statements of Operations – Fiscal Quarters Ended September 28, 2024 and September 30, 2023 6 Consolidated Condensed Statements of Comprehensive Income – Fiscal Quarters Ended September 28, 2024 and September 30, 2023 7 Consolidated Condensed Statements of Operations – Nine Fiscal Months Ended September 28, 2024 and September 30, 2023 8 Consolidated Condensed Statements of Comprehensive Income – Nine Fiscal Months Ended September 28, 2024 and September 30, 2023 9 Consolidated Condensed Statements of Cash Flows – Nine Fiscal Months Ended September 28, 2024 and September 30, 2023 10 Consolidated Condensed Statements of Equity 11 Notes to the Consolidated Condensed Financial Statements 13 Item 2.

Management's Discussion and Analysis of Financial Condition and

Management's Discussion and Analysis of Financial Condition and Results of Operations 28 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 48 Item 4.

Controls and Procedures

Controls and Procedures 48 PART II. OTHER INFORMATION Item 1.

Legal Proceedings

Legal Proceedings 49 Item 1A.

Risk Factors

Risk Factors 49 Item 2. Unregistered Sales of Equity Securities and

Use of Proceeds

Use of Proceeds 49 Item 3. Defaults Upon Senior Securities 49 Item 4. Mine Safety Disclosures 50 Item 5. Other Information 50 Item 6. Exhibits 50

- FINANCIAL INFORMATION

PART I - FINANCIAL INFORMATION

Financial Statements

Item 1. Financial Statements VISHAY INTERTECHNOLOGY, INC. Consolidated Condensed Balance Sheets (Unaudited - In thousands) September 28, 2024 December 31, 2023 Assets Current assets: Cash and cash equivalents $ 643,771 $ 972,719 Short-term investments 13,491 35,808 Accounts receivable, net 428,558 426,674 Inventories: Finished goods 173,353 167,083 Work in process 290,597 267,339 Raw materials 223,254 213,098 Total inventories 687,204 647,520 Prepaid expenses and other current assets 237,749 214,443 Total current assets 2,010,773 2,297,164 Property and equipment, at cost: Land 84,851 77,006 Buildings and improvements 769,865 719,387 Machinery and equipment 3,291,983 3,053,868 Construction in progress 295,147 290,593 Allowance for depreciation ( 2,963,103 ) ( 2,846,208 ) Property and equipment, net 1,478,743 1,294,646 Right of use assets 125,969 126,829 Deferred income taxes 160,900 137,394 Goodwill 255,323 201,416 Other intangible assets, net 83,427 72,333 Other assets 105,223 110,141 Total assets $ 4,220,358 $ 4,239,923 Continues on following page. 4 VISHAY INTERTECHNOLOGY, INC. Consolidated Condensed Balance Sheets (continued) (Unaudited - In thousands) September 28, 2024 December 31, 2023 Liabilities and equity Current liabilities: Trade accounts payable $ 209,864 $ 191,002 Payroll and related expenses 150,726 161,940 Lease liabilities 27,625 26,485 Other accrued expenses 275,159 239,350 Income taxes 51,052 73,098 Total current liabilities 714,426 691,875 Long-term debt less current portion 820,799 818,188 U.S. transition tax payable - 47,027 Deferred income taxes 112,110 95,776 Long-term lease liabilities 101,012 102,830 Other liabilities 105,834 87,918 Accrued pension and other postretirement costs 192,614 195,503 Total liabilities 2,046,795 2,039,117 Equity: Vish

View Full Filing

View this 10-Q filing on SEC EDGAR