secwatch.observer — SEC 8-K summary
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Issuer:     VISHAY INTERTECHNOLOGY INC (VSH)
CIK:        0000103730
Form:       8-K
Filed at:   2024-08-07T23:59:59+00:00
Accession:  0000103730-24-000100
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Vishay Q2 revenue $741.2M, EPS $0.17; 3Q outlook below expectations
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- Q2 revenue $741.2M flat QoQ; gross margin 22.0% (incl. ~170bps Newport drag); EPS $0.17.
- Book-to-bill 0.86 (semi 0.82, passive 0.90); backlog 4.6 months; industry recovery slower than expected.
- Capex plan for 2024 reduced to $360-390M; Itzehoe expansion delayed beyond 2024; $2.6B total plan unchanged.
- 3Q24 guidance: revenue $745M ± $20M, gross margin 21.0% ± 50bps (incl. 175-200bps Newport impact).
- Automotive Tier 1 schedule adjustments cited as primary revenue headwind.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/103730/000010373024000100/0000103730-24-000100-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/103730/000010373024000100/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0000103730-24-000100

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