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16-Nov-2020 08:17

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This will be supplemented by four and a half months of contribution from Mod Space’s operations, resulting in our updated Adjusted EBITDA guidance of for the 2018 fiscal year.” Soultz continued, “While acquisition activity is obviously accelerating our growth, our combined pro forma leasing fundamentals remain strong and supportive of continued organic growth.Inclusive of Mod Space, , and Tyson, Williams Scotsman’s pro forma modular average rental rates in our Modular – U. segment were up 11.6%, modular units on rent were up 1.0%, and modular utilization was up 280 basis points year-over-year in the second quarter.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.Earnings guidance is generally provided along with a company’s quarterly earnings reports and is often discussed during analyst meetings.

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.

The words “estimates,” “expects,” “anticipates,” “believes,” “forecasts,” “plans,” “intends,” “may,” “will,” “should,” “shall” and variations of these words and similar expressions identify forward-looking statements, which are generally not historical in nature.

Forward-looking statements are subject to a number of risks, uncertainties, assumptions and other important factors, many of which are outside our control, which could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements.

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

About Vishay Vishay Intertechnology, Inc., a Fortune 1,000 Company listed on the NYSE (VSH), is one of the world's largest manufacturers of discrete semiconductors (diodes, MOSFETs, and infrared optoelectronics) and passive electronic components (resistors, inductors, and capacitors).

I am particularly proud of the collaboration and engagement demonstrated by all commented, “We are excited to see units on rent, pricing, and value-added products and services all trending favorably in our Modular – U. A metric similar to Adjusted EBITDA is also used to evaluate Williams Scotsman’s ability to service its debt.