Vishay Intertechnology, Inc. - VSH STOCK NEWS

Vishay Intertechnology (VSH) reported Q3 2024 results with revenues of $735.4 million and a gross margin of 20.5%, which included a negative impact of approximately 150 basis points from Newport acquisition. The company posted a GAAP loss per share of ($0.14) and adjusted EPS of $0.08. The Q3 2024 book-to-bill ratio was 0.88, with semiconductors at 0.79 and passive components at 0.97. The company's backlog stands at 4.4 months. For Q4 2024, Vishay expects revenues of $720 million ±$20 million, with gross margin around 20.0% ±50 basis points, including a 175-200 basis points negative impact from Newport.

Vishay Intertechnology (NYSE: VSH) has announced the acquisition of Birkelbach Kondensatortechnik GmbH, a German manufacturer of metalized technical films for capacitor dielectrics, for approximately €17 million ($18.5 million). The all-cash transaction is expected to close before December 31, 2024.

The acquisition aims to secure metalized film material supply to meet growing demand for high voltage high power film capacitors used in smart grid infrastructure projects. Vishay plans to vertically integrate Birkelbach into its Capacitor segment and invest in metalizing equipment to ensure uninterrupted supply to industrial grid customers.

Vishay Intertechnology (NYSE: VSH) has introduced new PTCEL High Energy series inrush current limiting PTC thermistors for automotive and industrial applications. These devices feature maximum energy handling up to 340 J - five times higher than competitors at high ambient temperatures - with resistance values from 150 Ω to 1.5 kΩ and voltage capabilities up to 1200 VDC. The AEC-Q200 qualified thermistors maintain high energy handling at elevated temperatures (180 J at 85°C, 130 J at 105°C) and offer heat capacity of 2.6 J/K. They are designed for AC/DC converters, battery management, charging systems, and various industrial applications, withstanding over 100,000 inrush power cycles.

Vishay Intertechnology (NYSE: VSH) has introduced two new IGBT and MOSFET drivers - VOFD341A and VOFD343A - in a stretched SO-6 package. These optocouplers deliver peak output currents of 3A and 4A, operate at temperatures up to +125°C, and feature low propagation delay of 200ns. The devices are designed for solar inverters, industrial motor control, and UPS applications, capable of driving IGBTs up to 1200V/100A. Key features include high working voltages up to 1.140V, noise immunity of 50 kV/µs, and RoHS compliance. Samples and production quantities are available with six-week lead times.

Vishay Intertechnology (NYSE: VSH) has expanded its 299 PHL-4TSI snap-in, four-terminal aluminum electrolytic capacitor family with new 350 V, 500 V, 550 V, and 600 V rated capacitors. These additions increase the range of capacitance-voltage combinations available to designers for power supplies and industrial and home appliance inverters. The capacitors offer high ripple current ratings from 1.9 A to 7.6 A, reducing component counts and lowering costs.

Key features include:

• 105 °C temperature capability
• Useful life of > 5000 h
• Can sizes ranging from 35 mm by 50 mm to 45 mm by 100 mm
• Reach- and RoHS-compliant
• Four-terminal configuration for increased mechanical stability

Samples are available now, with production quantities having lead times of 18 weeks.

Vishay Intertechnology (NYSE: VSH) has introduced the VORA1010M4, the industry's first 1 Form A solid-state relay with AEC-Q102 qualification and a 100 V load voltage. This Automotive Grade device, available in a space-saving SOP-4 package, offers the fastest turn-on and turn-off times of 0.1 ms typical and the highest operating temperature of +125 °C.

Key features include an isolation voltage of 3750 VRMS and clean, bounce-free switching. The VORA1010M4 is designed for applications such as glass dimming, lighting control, inverters, motor controls, and battery management systems in electric and hybrid vehicles, as well as industrial and telecom uses. It is RoHS-compliant, halogen-free, and Vishay Green. Samples and production quantities are available now with eight-week lead times.

Vishay Intertechnology, Inc. (NYSE: VSH) has announced that it will release its fiscal third quarter results for the period ended September 28, 2024, on Wednesday, November 6, 2024, before the New York Stock Exchange opens. The company will host a conference call to discuss the financial results on the same day at 9:00 a.m. ET.

To participate in the live conference call, interested parties must pre-register at the provided link. Upon registration, participants will receive a dial-in number and unique PIN. A live audio webcast of the call and a PDF copy of the press release and quarterly presentation will be available on the Investor Relations section of Vishay's website. A replay of the conference call will be accessible on the website approximately one hour after the call and will remain available for 30 days.

Vishay Intertechnology (NYSE: VSH) has introduced two new power inductors in the 1008 case size: the commercial IHLL-1008AB-1Z and Automotive Grade IHLP-1008ABEZ-5A. These devices offer high temperature operation up to +165 °C and a wide range of inductance values up to 4.7 µH. Key features include:

• 55% smaller footprint than the next-smallest IHLP inductor
• Inductance values from 0.33 µH to 4.7 µH
• Lower DCR (down to 12.0 mΩ for IHLP-1008ABEZ-5A)
• AEC-Q200 qualification for the automotive grade version
• Robust powdered iron body with magnetic shielding
• Soft saturation curve for stability across temperature and current ranges

The inductors are designed for various applications, including automotive systems, DC/DC converters, and noise suppression in consumer electronics and industrial equipment.

Vishay Intertechnology (NYSE: VSH) has announced restructuring actions to optimize its manufacturing footprint and streamline business decision-making as part of its Vishay 3.0 growth strategy. The plan includes:

• Streamlining SG&A functions, resulting in severance for about 170 employees (6% of SG&A workforce)
• Closing three manufacturing facilities, reducing direct labor by approximately 365 employees (2% of total manufacturing labor)
• Implementing various changes in manufacturing operations, leading to severance for about 260 employees

The company expects pre-tax cash charges of $38-42 million, primarily for severance costs. Once fully implemented by the end of 2026, Vishay anticipates annual cost savings of at least $23 million, with $12 million in SG&A expenses. Immediate annual cost savings of about $9 million are expected, with approximately $12 million in annual savings beginning Q1 2025.