Vishay Intertechnology Reports First Quarter 2024 Results
| VISHAY INTERTECHNOLOGY, INC. | | | | | |
| Reconciliation of Free Cash | | | | | |
| (Unaudited - In thousands) | | | | | |
| | Fiscal quarters ended |
| | March 30, 2024 | | December 31, 2023 | | April 1, 2023 |
| Net cash provided by operating activities | $ | 80,211 | | | $ | 6,268 | | | $ | 129,893 | |
| Proceeds from sale of property and equipment | | 751 | | | | 122 | | | | 326 | |
| Less: Capital expenditures | | (53,084 | ) | | | (145,331 | ) | | | (45,574 | ) |
| Free cash | $ | 27,878 | | | $ | (138,941 | ) | | $ | 84,645 | |
| | | | | | |
| VISHAY INTERTECHNOLOGY, INC. | | | | | |
| Reconciliation of EBITDA | | | | | |
| (Unaudited - In thousands) | | | | | |
| | Fiscal quarters ended |
| | March 30, 2024 | | December 31, 2023 | | April 1, 2023 |
| | | | | | |
| GAAP net earnings attributable to Vishay stockholders | $ | 30,924 | | | $ | 51,472 | | | $ | 111,781 | |
| Net earnings attributable to noncontrolling interests | | 519 | | | | 482 | | | | 408 | |
| Net earnings | $ | 31,443 | | | $ | 51,954 | | | $ | 112,189 | |
| | | | | | |
| Interest expense | $ | 6,496 | | | $ | 6,454 | | | $ | 5,120 | |
| Interest income | | (9,053 | ) | | | (9,934 | ) | | | (5,944 | ) |
| Income taxes | | 12,819 | | | | 28,690 | | | | 44,588 | |
| Depreciation and amortization | | 49,527 | | | | 50,463 | | | | 43,301 | |
| EBITDA | $ | 91,232 | | | $ | 127,627 | | | $ | 199,254 | |
| | | | | | |
| EBITDA margin** | | 12.2 | % | | | 16.3 | % | | | 22.9 | % |
| | | | | | |
| ** EBITDA as a percentage of net revenues | | | | | |
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