Wed, May 7, 11:35 AM (5 days ago)
**Vishay Intertechnology, Inc. (VSH) Q1 2025 Financial Summary** **Financial Health & Performance:** - **Revenue:** $715.2 million, down 4.2% YoY and up 0.1% QoQ. - **Net Loss:** $4.1 million, or $0.03 per share, compared to a net loss of $66.3 million in Q4 2024 and net earnings of $30.9 million in Q1 2024. - **Gross Profit Margin:** 19.0%, down from 19.9% QoQ and 22.8% YoY. - **Operating Margin:** 0.1%, down from 5.7% YoY. - **Cash Flow from Operations:** $16.1 million, down from $80.2 million YoY. - **Free Cash Flow:** Negative $45.192 million, down from $27.878 million YoY. - **Capital Expenditures:** $61.569 million, up from $53.084 million YoY. **Segment Performance:** - **MOSFETs:** Revenue down 7.2% YoY, gross margin at 8.2%. - **Diodes:** Revenue down 5.5% YoY, gross margin at 19.9%. - **Optoelectronic Components:** Revenue up 4.0% YoY, gross margin at 20.9%. - **Resistors:** Revenue down 4.6% YoY, gross margin at 22.5%. - **Inductors:** Revenue down 5.1% YoY, gross margin at 20.9%. - **Capacitors:** Revenue down 0.5% YoY, gross margin at 23.2%. **Trends & Uncertainties:** - **Order Trends:** Indicators suggest the prolonged period of excess inventory digestion is ending. - **Capacity Expansion:** Planning to spend $300-$350 million on capital expenditures, with 70% allocated to capacity expansion. - **Stockholder Return Policy:** Committed to returning at least 70% of free cash flow, net of scheduled principal payments of long-term debt, annually. - **Tariffs:** Newly announced U.S. tariffs may impact future results. - **Economic Conditions:** Business and operating results impacted by worldwide economic conditions. **Future Operations Impact:** - **Capacity Expansion:** Continued investment in capacity expansion projects for high-growth product lines. - **Stockholder Returns:** Continued commitment to returning value to stockholders through dividends and stock repurchases. - **Economic Monitoring:** Close monitoring of fixed costs, capital expenditure plans, inventory, and capital resources to respond to changing economic conditions. **Ticker:** VSH