secwatch.observer — SEC 8-K summary
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Issuer:     Vishay Precision Group, Inc. (VPG)
CIK:        0001487952
Form:       8-K
Filed at:   2024-02-14T23:59:59+00:00
Accession:  0001487952-24-000004
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1487952/000148795224000004/0001487952-24-000004-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1487952/000148795224000004/vpg-20240214.htm
  HTML page:      https://secwatch.observer/filing/0001487952-24-000004

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer