Updating earnings guidance
There will be a replay of the conference call from p.m. A live audio webcast of the conference call and a PDF copy of the press release and the quarterly presentation will be accessible directly from the Investor Relations section of the Vishay website at
The Company now expects second quarter revenues to be in the range of 2 to 8 million, with gross margins of 25.2% to 25.8%.Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results, performance, or achievements may vary materially from those anticipated, estimated or projected.Results for the second fiscal quarter will only be known with certainty when the Company completes its accounting for the quarter.We are particularly excited about the opportunity to expand the penetration of Williams Scotsman’s ‘Ready to Work’ solutions across all 130,000 of our modular space assets.In addition to this strong commercial execution, the integration of remains on track, we have made tremendous progress with the Mod Space integration, and we remain committed to our original synergy and integration cost targets. We expect these fundamentals will deliver our increased guidance in 2018 and, when further supplemented by cost and revenue synergies from our recent acquisitions, have a compounding effect heading into 2019.” The company’s updated 2018 outlook appears below, inclusive of believes that this non-GAAP measure is useful to investors because it (i) allows investors to compare performance over various reporting periods on a consistent basis by removing from operating results the impact of items that do not reflect core operating performance; (ii) is used by our board of directors and management to assess our performance; (iii) may, subject to the limitations described below, enable investors to compare the performance of to its competitors; and (iv) provides an additional tool for investors to use in evaluating ongoing operating results and trends.
Although believes that these forward-looking statements are based on reasonable assumptions, it can give no assurance that any such forward-looking statement will materialize.