UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934
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Emerging growth company
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Item 2.02 – Results of Operations and Financial Condition
On April 15, 2021, Vishay
Intertechnology, Inc. issued a press release updating its outlook for the fiscal quarter ended April 3, 2021. A copy of the press release is attached as Exhibit 99.1 to this report.
(d) Exhibits
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Exhibit No.
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Description
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Signature
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on
its behalf by the undersigned hereunto duly authorized.
Date: April 15, 2021
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VISHAY INTERTECHNOLOGY, INC.
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By:
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/s/ Lori Lipcaman
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Name:
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Lori Lipcaman
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Title:
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Executive Vice President and
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Chief Financial Officer
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Exhibit 99.1
VISHAY INTERTECHNOLOGY UPDATES FIRST QUARTER 2021 GUIDANCE AND SCHEDULES FIRST QUARTER 2021 EARNINGS CALL
Malvern, PA, April 15, 2021. Vishay Intertechnology, Inc., (NYSE: VSH), one of the world's largest manufacturers of
discrete semiconductors and passive electronic components, today 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.
About Vishay
Vishay manufactures one of the world’s largest portfolios of discrete semiconductors and passive electronic components that are essential to innovative
designs in the automotive, industrial, computing, consumer, telecommunications, military, aerospace, and medical markets. Serving customers worldwide, Vishay is The DNA of tech.™ Vishay Intertechnology, Inc. is a Fortune 1,000 Company listed on the NYSE (VSH). More on Vishay at www.Vishay.com.
Statements contained herein that relate to the Company's expected first quarter revenues, and gross margins are forward-looking statements within the safe
harbor provisions of the Private Securities Litigation Reform Act of 1995. Words such as "believe," "estimate," "will be," "will," "would," "expect," "anticipate," "plan," "project," "intend," "could," "should," or other similar words or expressions
often identify forward-looking statements. Such statements are based on current expectations only, and are subject to certain risks, uncertainties and assumptions, many of which are beyond our control. Should one or more of these risks or uncertainties
materialize, or should underlying assumptions prove incorrect, actual results, performance, or achievements may vary materially from those anticipated, estimated or projected. Results for the first fiscal quarter will only be known with certainty when
the Company completes its accounting for the quarter. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
The DNA of tech™ is a trademark of
Vishay Intertechnology.
Contact:
Vishay Intertechnology, Inc.
Peter Henrici
Senior Vice President, Corporate Communications
+1-610-644-1300
Peter Henrici
Senior Vice President, Corporate Communications
+1-610-644-1300