Exhibit 99.1
 
VISHAY REPORTS RESULTS FOR FOURTH QUARTER AND YEAR 2015

·
Revenues for Q4 2015 of $556 million and for year 2015 of $2,300 million
·
Operating Margin Q4 of 5.4% and year 2015 of 4.3%
·
Adjusted Operating Margin Q4 of 7.2% and year 2015 of 7.8%
·
EPS Q4 of $(0.93) and year 2015 of $(0.73)
·
Adjusted EPS Q4 of $0.14 and year 2015 of $0.72
·
Intend to repatriate $300 million of foreign earnings to US over next several years, and recorded tax charges associated with this intention
·
Guidance for Q1 2016 for revenues of $540 - $580 million and gross margins of 22% - 24%

MALVERN, PENNSYLVANIA – February 9, 2016 – Vishay Intertechnology, Inc. (NYSE: VSH), one of the world's largest manufacturers of discrete semiconductors and passive components, today announced its results for the year and fiscal quarter ended December 31, 2015.

Revenues for the year ended December 31, 2015 were $2,300.5 million, compared to $2,493.3 million for the year ended December 31, 2014.  The net loss attributable to Vishay stockholders for the year ended December 31, 2015, which includes certain tax charges described below, was $108.5 million, or $0.73 per share, compared to net earnings attributable to Vishay stockholders of $117.6 million, or $0.77 per diluted share for the year ended December 31, 2014.

Revenues for the fiscal quarter ended December 31, 2015 were $555.9 million, compared to $610.8 million for the fiscal quarter ended December 31, 2014.  The net loss attributable to Vishay stockholders for the fiscal quarter ended December 31, 2015, which includes certain tax charges described below, was $137.8 million, or $0.93 per share, compared to net earnings attributable to Vishay stockholders of $29.2 million, or $0.19 per diluted share for the fiscal quarter ended December 31, 2014.

Income tax expense for the fiscal quarter and year ended December 31, 2015 includes certain charges totaling $152.4 million, primarily to record the effect of planned repatriation of foreign earnings to the United States, following an evaluation of the Company's anticipated domestic cash needs over the next several years and the Company's most efficient use of liquidity.  All periods presented include other items affecting comparability. These items are summarized on the attached reconciliation schedule.  Adjusted earnings per diluted share, which exclude these items net of tax and the unusual tax items, were $0.14 and $0.72 for the fiscal quarter and year ended December 31, 2015, respectively, and $0.19 and $0.92 for the fiscal quarter and year ended December 31, 2014, respectively.

The amounts expected to be repatriated over the next several years were previously deemed to be "permanently reinvested" and the change in assertion in 2015 required the Company to record the large tax charge.  The actual cash taxes to be paid are expected to be significantly less when considering available net operating losses and other tax attributes.  We anticipate the effective cash tax cost of the repatriation will be approximately 15%, which could vary significantly depending on the timing of repatriations over the next several years.
1

The following information was filed by Vishay Intertechnology Inc (VSH) on Tuesday, February 9, 2016 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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