Vishay Intertechnology, Inc. reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2017. For the quarter, the company reported net revenues of $674,489,000 against $570,819,000 a year ago. Operating income was $72,536,000 against operating loss of $45,468,000 a year ago. Income before taxes was $67,025,000 against loss before taxes of $41,320,000 a year ago. Net loss was $177,501,000 against $48,604,000 a year ago. Net loss attributable to company stockholders was $177,657,000 against $48,748,000 a year ago. Basic and diluted loss per share attributable to company stockholders was $1.23 against $0.33 a year ago. Adjusted net earnings were $59,936,000 or $0.37 per share diluted against $27,343,000 or $0.18 per share diluted a year ago. Net cash provided by operating activities was $122,932,000 against $83,439,000 a year ago. Capital expenditure was $85,642,000 against $53,289,000 a year ago. EBITDA was $114,015,000 against $4,558,000 a year ago. Adjusted EBITDA was $119,146,000 against $82,130,000 a year ago.

For the year, the company reported net revenues of $2,603,522,000 against $2,323,431,000 a year ago. Operating income was $311,588,000 against $101,717,000 a year ago. Income before taxes was $279,364,000 against $94,216,000 a year ago. Net loss was $19,560,000 against net income of $49,373,000 a year ago. Net loss attributable to company stockholders was $20,344,000 against net income attributable to common stockholders of $48,792,000 a year ago. Basic and diluted loss per share attributable to company stockholders was $0.14 against diluted income per share attributable to company stockholders of $0.32 a year ago. Net cash provided by operating activities was $368,777,000 against $296,509,000 a year ago. Purchase of property and equipment was $170,432,000 against $134,635,000 a year ago. Adjusted net earnings were $224,328,000 or $1.43 per share diluted against $128,160,000 or $0.85 per share diluted a year ago. EBITDA was $463,878,000 against $274,938,000 a year ago. Adjusted EBITDA was $481,263,000 against $361,611,000 a year ago.

For the first quarter, the company expects revenues of $665 million to $705 million and gross margins of 26.5% to 27.5% at fourth quarter exchange rates.

Consolidated tax rate for 2018 will be in the high 20s. For 2018, the company expects CapEx of about $210 million.