BusinessWednesday, November 11
Malvern's Vishay posts record $978.9 million in quarterly revenue and beats Wall Street expectations
The West Chester Morning News team
If you keep an eye on Malvern business news, here's a big one. Vishay Intertechnology reported record revenue of $978.9 million for the quarter ended Oct. 3, a 24% increase. CEO Joel Smejkal said the revenue "exceeded the top end of our guidance." Net income was $59 million, or 37 cents per share.
The results surpassed Wall Street expectations. Five analysts surveyed by Zacks Investment Research expected 29 cents per share, and four expected $971.9 million in revenue.
Vishay beat analysts' estimates on revenue and earnings
| Vishay reported | Measure | Analyst average |
|---|---|---|
| $978.9M | Revenue | $971.9M |
| $0.37 | Earnings per share | $0.29 |
Sources: MyChesCo, LancasterOnline
- Gross margin: 25.5%, up six percentage points
- Operating margin: 9.4%
- Backlog: 6.6 months of business
- Q4 revenue guidance: $975 million to $1.005 billion
1.29book-to-bill ratio: new orders for every dollar of products shipped
It was 1.28 for semiconductors and 1.31 for passive components.
Source: MyChesCo
Sources: MyChesCo, LancasterOnline