Vishay Intertechnology, Inc. (NYSE:VSH) Q1 2024 Earnings Conference Call May 8, 2024 9:00 AM ET

Company Participants

Peter Henrici - EVP, Corporate Development & Corporate Secretary
Joel Smejkal - President, CEO & Director
David McConnell - EVP & CFO

Conference Call Participants

Matthew Sheerin - Stifel, Nicolaus & Company
Ruplu Bhattacharya - Bank of America Merrill Lynch
Joshua Buchalter - TD Cowen

Operator

Good morning, and thank you for standing by. Welcome to the Vishay Intertechnology First Quarter 2024 Earnings Conference Call. [Operator Instructions]. Please note that today's conference is being recorded. I will now hand the conference over to your speaker host, Peter Henrici, Head of Investor Relations. Please go ahead.

Peter Henrici

Thank you, Olivia. Good morning, and welcome to Vishay Intertechnology's First Quarter 2024 Earnings Call. I am joined today by Joel Smejkal, our President and Chief Executive Officer; and by Dave McConnell, our Chief Financial Officer. This morning, we reported results for our first quarter. A copy of our earnings release is available in the Investor Relations section of our website at ir.vishay.com. This call is being broadcast live over the web and can be accessed through our website. In addition, today's call is being recorded and will be available via replay on our website. During the call, we will be referring to a slide presentation, which we also posted at ir.vishay.com.

You should be aware that in today's conference call, we will be making certain forward-looking statements that discuss future events and performance. These statements are subject to risks and uncertainties that could cause actual results to differ from the forward-looking statements. For a discussion of factors that could cause results to differ, please see today's press release and Vishay's Form 10-K and Form 10-Q filings with the Securities and Exchange Commission.

We are including information in our press release and on this conference call on various GAAP and non-GAAP measures. We have included a full GAAP to non-GAAP reconciliation in our press release as well as in the presentation posted on ir.vishay.com which we believe you will find useful when comparing our GAAP and non-GAAP results. We use non-GAAP measures because we believe they provide useful information about the operating performance of our businesses and should be considered by investors in conjunction with GAAP measures.

Now I turn the call over to President and Chief Executive Officer, Joel Smejkal.

Joel Smejkal

Thank you, Peter. Good morning, everyone. Thank you for joining our first quarter 2024 earnings call. I'll start my remarks on Slide 3 with a review of the demand trends for the first quarter by end market, channel and region. Then Dave will take us through the highlights of our financial results and guidance for the second quarter of 2024. After that, I'll wrap up with a review of our initiatives and goals for 2024, and then we'll be happy to answer any of your questions.