Exhibit 99.1
 
VISHAY REPORTS RESULTS FOR FIRST QUARTER 2017

·
Revenues for Q1 2017 of $606 million
·
Operating Margin Q1 of 10.7%
·
Adjusted Operating Margin Q1 of 10.9%
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EPS Q1 of $0.24
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Adjusted EPS Q1 of $0.28
·
Cash from operations for trailing twelve months Q1 of $319 million and capital expenditures of $132 million
·
Guidance for Q2 2017 for revenues of $610 - $650 million and gross margins of 26% - 28%

MALVERN, PENNSYLVANIA – May 3, 2017 – Vishay Intertechnology, Inc. (NYSE: VSH), one of the world's largest manufacturers of discrete semiconductors and passive components, today announced its results for the fiscal quarter ended April 1, 2017.

Revenues for the fiscal quarter ended April 1, 2017 were $606.3 million, compared to $570.8 million for the fiscal quarter ended December 31, 2016 and $570.6 million for the fiscal quarter ended April 2, 2016.  Net earnings attributable to Vishay stockholders for the fiscal quarter ended April 1, 2017 were $36.7 million, or $0.24 per diluted share, compared to a net loss attributable to Vishay stockholders of $48.7 million, or $(0.33) per share for the fiscal quarter ended December 31, 2016, and net earnings attributable to Vishay stockholders of $28.0 million, or $0.19 per diluted share for the fiscal quarter ended April 2, 2016.

Net earnings attributable to Vishay stockholders for the fiscal quarter ended April 1, 2017 include a $7.1 million loss recognized on the disposal of an equity affiliate.  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 $0.28, $0.18, and $0.19 for the fiscal quarters ended April 1, 2017, December 31, 2016, and April 2, 2016, respectively.

Commenting on the results for the first quarter 2017, Dr. Gerald Paul, President and Chief Executive Officer, stated, "In terms of profitability the first quarter 2017 was our best quarter since five years. Strong orders from distribution, especially from Asia and Europe, resulted in higher than expected revenues. Due to strong sales to end customers, inventories at distribution did not increase quarter over quarter. Partially stretched lead times contributed to seasonally unusual increases of sales from distribution to end customers. Growth in general continues to be driven by the automotive and industrial end markets."

Dr. Paul continued, "In the first quarter Vishay again was able to offset the negative impact of general inflation and price decline on its contributive margin by cost reduction and innovation."

Commenting on the outlook Dr. Paul stated, "For the second quarter, we guide for revenues of $610 to $650 million and gross margins of 26% to 28% at constant exchange rates."


The following information was filed by Vishay Intertechnology Inc (VSH) on Wednesday, May 3, 2017 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-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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