Vishay Reports Q4 EPS of $.48 vs. $.44

Dr. Felix Zandman, Executive Chairman of the Board, and Dr. Gerald Paul, President and Chief Executive Officer of Vishay Intertechnology, Inc. VSH, announced today that revenues for the year ended December 31, 2010 were $2,725.1 million, compared to $2,042.0 million for the year ended December 31, 2009. Revenues for the fiscal quarter ended December 31, 2010 were $688.6 million, compared to $607.0 million for the fiscal quarter ended December 31, 2009. The net earnings attributable to Vishay stockholders for the fiscal quarter ended December 31, 2010 were $147.2 million, or $0.81 per diluted share, compared to $28.5 million, or $0.15 per diluted share for the fiscal quarter ended December 31, 2009. The fiscal quarter and year ended December 31, 2010 include $59.5 million of one-time tax benefits, primarily related to the reversal of deferred tax valuation allowances in the United States and Israel. Net earnings (loss) from continuing operations attributable to Vishay stockholders for the prior year periods include various items affecting comparability, as listed on the attached reconciliation schedule. Adjusted net earnings per diluted share, which excludes these items, was $1.58 and $0.48, respectively for the year and fiscal quarter ended December 31, 2010, compared to $0.02 and $0.16, respectively for the year and fiscal quarter ended December 31, 2009.