Exhibit 99.1
 
VISHAY REPORTS RESULTS FOR SECOND QUARTER 2017


·
Revenues for Q2 2017 of $645 million
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Gross Margin Q2 of 26.8%
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Adjusted Operating Margin Q2 of 12.8%
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EPS Q2 of $0.36
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Adjusted EPS Q2 of $0.36
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Cash from operations for trailing twelve months Q2 of $329 million and capital expenditures of $133 million
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Guidance for Q3 2017 for revenues of $630 - $670 million and gross margins of 26% - 28% at Q2 exchange rates

MALVERN, PENNSYLVANIAAugust 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 and six fiscal months ended July 1, 2017.

Revenues for the fiscal quarter ended July 1, 2017 were $644.9 million, compared to $606.3 million for the fiscal quarter ended April 1, 2017 and $590.1 million for the fiscal quarter ended July 2, 2016.  Net earnings attributable to Vishay stockholders for the fiscal quarter ended July 1, 2017 were $56.2 million, or $0.36 per diluted share, compared to $36.7 million, or $0.24 per diluted share for the fiscal quarter ended April 1, 2017, and $33.1 million, or $0.22 per diluted share for the fiscal quarter ended July 2, 2016.

All periods presented include 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 $0.36, $0.28, and $0.23 for the fiscal quarters ended July 1, 2017, April 1, 2017, and July 2, 2016, respectively.

Commenting on the results for the second quarter 2017, Dr. Gerald Paul, President and Chief Executive Officer, stated, "Results in the second quarter 2017 improved further from the first quarter driven by continued strong demand from virtually all markets, in particular by the industrial and automotive end markets. The high order level was driven by distribution, in particular in Asia and Europe. Shortages of supply and long lead times for certain product lines still raise concerns at customers. At the same time, sales of our products by distribution to end customers continued to increase resulting in increased inventory turns at distribution."

Dr. Paul continued, "We expect strong growth in automotive markets for years to come driven by e-mobility and sensors. It is a market in which we are very well positioned."

Commenting on the outlook Dr. Paul stated, "For the third quarter, we guide for revenues of $630 to $670 million and gross margins of 26% to 28% at the exchange rates for the second quarter."

A conference call to discuss Vishay's second quarter financial results is scheduled for Thursday, August 3, 2017 at 9:00 a.m. ET. The dial-in number for the conference call is 877-589-6174 (+1 706-643-1406 if calling from outside the United States or Canada) and the conference ID is 43575734.

There will be a replay of the conference call from 12:00 p.m. ET on Thursday, August 3, 2017 through 11:59 p.m. ET on Thursday, August 10, 2017. The telephone number for the replay is 800-585-8367 (+1 855-859-2056 or 404-537-3406 if calling from outside the United States or Canada) and the access code is 43575734.
 
A live audio webcast of the conference call and a PDF copy of the press release and the quarterly presentation can be accessed directly from the Investor Relations section of the Vishay website at http://ir.vishay.com.


The following information was filed by Vishay Intertechnology Inc (VSH) on Thursday, August 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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