VPG Q4 revenue down 7% to $89.5M; adjusted EPS $0.61; guides Q1 rev $80-90M

Vishay Precision Group, Inc.

2023-FY EPS reported $1.88 revenue$355,048,000

Q4 revenue $89.5M (-7% YoY); GAAP EPS $0.31; adjusted EPS $0.61 vs $0.76 a year ago.
FY 2023 revenue $355.0M (-2.1% YoY); FY GAAP EPS $1.88; adjusted EPS $2.17 vs $2.62.
Q4 bookings $75.2M (-2.2% sequentially); repaid $22M revolving credit facility; $4.7M stock repurchased.
Q1 2024 revenue guidance $80-90M at constant Q4 FX rates; expects improvement in H2 2024.
Gross margin improved to 43.0% from 41.2%; record adjusted free cash flow $30.8M for FY.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Vishay Precision Group, Inc. reported fourth quarter and fiscal year ended December 31, 2023 results: revenue $89.5 million, net income $4.2 million, or $0.31 per diluted share, EPS $0.31.

Period: fourth quarter and fiscal year ended December 31, 2023
Revenue: $89.5 million
Net income: $4.2 million, or $0.31 per diluted share
EPS: $0.31
Result: reported results

Exact text from the filing

technologies, today announced its results for its fiscal 2023 fourth quarter and twelve fiscal months ended December 31, 2023. Fourth Quarter Highlights: • Revenues of $89.5 million decreased 7.0% from a year ago • Gross profit margin was 43.0%, as compared to 41.2% a year ago • Adjusted gross profit margin* was 43.0%, as compared to 41.5% a year ago •

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Source: SEC EDGAR

accession 0001487952-24-000004

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