earnings
confidence high
sentiment negative
materiality 0.70
VPG Q2 revenue drops 14.8% to $77.4M; EPS falls to $0.34 from $0.60
Vishay Precision Group, Inc.
2024-Q2 EPS reported
$0.78
revenue$158,142,000
- Net earnings of $4.6M ($0.34 diluted EPS) vs $8.2M ($0.60) a year ago; adjusted EPS $0.31.
- Revenue $77.4M, down 14.8% YoY; all three segments (Sensors -20.4%, Weighing -12.2%, Measurement -9.6%) declined.
- Book-to-bill improved to 0.95 with orders of $73.5M; Q3 revenue guidance range $70M-$78M.
- Sensors segment gross margin 38.3% vs 40.1% a year ago; lower volume partially offset by cost cuts.
- Cash from operations $7.5M; adjusted free cash flow $4.9M; management focused on cost reduction and long-term growth.