8-K
filed August 8, 2023, 7:59 PM ET
ticker VPG
CIK 0001487952
earnings
confidence high
sentiment neutral
materiality 0.70
VPG Q2 revenue up 2.5% to $90.8M, EPS falls; board extends buyback, guides Q3 $85M-$95M
Vishay Precision Group, Inc.
2023-Q2 EPS reported
$1.11
revenue$179,666,000
- Revenue $90.8M (+2.5% YoY); GAAP EPS $0.60 vs $0.79; adjusted EPS $0.58 vs $0.68.
- Sensors rev $36.3M (-10% YoY); Weighing Solutions $31.3M (+9.8%); Measurement Systems $23.3M (+17.1%).
- Orders $85.6M (book-to-bill 0.94); adjusted free cash flow $6.4M, up 29.7% sequentially.
- Board extended stock repurchase authorization for up to 502,500 shares for another year.
- Q3 fiscal 2023 revenue guidance $85M-$95M at constant Q2 FX rates.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
Vishay Precision Group, Inc. reported second quarter of fiscal 2023 ended July 1, 2023 results: revenue $90.8 million, net income $8.2 million, EPS $0.60 per diluted share.
- Period
- second quarter of fiscal 2023 ended July 1, 2023
- Revenue
- $90.8 million
- Net income
- $8.2 million
- EPS
- $0.60 per diluted share
- Result
- reported results
Exact text from the filing
Second Fiscal Quarter Highlights: • Revenues of $90.8 million increased 2.5% from a year ago. • Gross profit margin was 42.6%, as compared to 42.1% reported a year ago. • Adjusted gross profit margin* was 42.7%, as compared to 42.9% reported a year ago. • Operating margin was 13.0%, as compared to 11.9% reported a year ago. • Adjusted operating margin* was 13.2%, as compared to 13.7% reported a year ago. • Diluted net earnings per share of $0.60 compared to $0.79 reported a year ago.
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
Vishay Precision Group, Inc. reported six fiscal months ended July 1, 2023 results: net income $15.2 million, EPS $1.11 per diluted share.
- Period
- six fiscal months ended July 1, 2023
- Net income
- $15.2 million
- EPS
- $1.11 per diluted share
- Result
- reported results
Exact text from the filing
In the six fiscal months ended July 1, 2023 net earnings attributable to VPG stockholders were $15.2 million, or $1.11 per diluted share, compared to $17.1 million, or $1.25 per diluted share, in the six fiscal months ended July 2, 2022.
View on SEC.gov
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