MALVERN, PA — Vishay Intertechnology, Inc., (NYSE: VSH), one of the world’s largest manufacturers of discrete semiconductors and passive electronic components, announced that its results for the first fiscal quarter of 2021 are expected to be above the Company’s previous outlook.
The Company now expects first quarter revenues of approximately $765 million at an adjusted gross margin of approximately 26.5% plus/minus 10 basis points. The previous expectation was 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 as in the fourth quarter of 2020.
Vishay will release its results for the first quarter ended April 3, 2021, before the New York Stock Exchange opens on Tuesday, May 4, 2021.
A conference call to discuss Vishay’s first quarter financial results is scheduled for Tuesday, May 4, 2021, at 9:00 a.m. ET. The dial-in number for the conference call is 877 589-6174 (+1 706-643-1406, if calling from outside the United States) and the access code is 6669583.
A live audio webcast of the conference call and a PDF copy of the press release and the quarterly presentation will be accessible directly from the Investor Relations section of the Vishay website at http://ir.vishay.com.
There will be a replay of the conference call from 12:05 p.m. ET on Tuesday, May 4, 2021, through 11:59 p.m. ET on Wednesday, May 19 The telephone number for the replay is +1 855-859-2056 (+1 404-537-3406, if calling from outside the United States or Canada) and the access code is 6669583.
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