Vishay reports Q1 GAAP EPS 5c, consensus 3c

Reports Q1 revenue $839.24M, consensus $822.81M. Reports Q1 book-to-bill of 1.34. “Vishay’s (VSH) first quarter financial results demonstrate that the Vishay 3.0 strategy is working. As a result of the investments we made to expand capacity of high-growth, high-margin products, Vishay is reliably scaling with our customers. Our top priority going forward is to increase backlog turns to ensure we maintain competitive lead times as consumption accelerates. Execution of this priority will enable Vishay to participate fully in the market upcycle and grow revenue faster than our end markets, expand margins and enhance returns,” said Joel Smejkal, president and CEO.