NYSE$VPG

Vishay Precision Group Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Reported strong first quarter results driven by growth in all three business segments and across all markets.

Vishay Precision Group reported a strong first quarter with a 24.2% increase in revenue compared to the previous year. The company achieved record orders and backlog, driven by expanding opportunities in high-value precision measurement markets. Adjusted diluted net earnings per share were $0.49, and the adjusted EBITDA margin was 14.4%.

  • Revenues of $87.7 million increased 24.2% from a year ago.
  • Diluted net earnings per share of $0.46 compared to $0.36 reported a year ago.
  • Adjusted diluted net earnings per share of $0.49 compared to $0.31 reported a year ago.
  • Book-to-bill ratio was 1.25.

Headline financials

Total Revenue

$87.7M

Previous: $70.6M+24.2%
EPS (adj)

$0.49

Previous: $0.31+58.1%
Gross Profit Margin

40.2%

Previous: 40.5%-0.7%
Adjusted Gross Profit Margin

41.0%

No prior period
Operating Margin

9.5%

Previous: 9.1%+4.4%
Adjusted Operating Margin

10.5%

No prior period
Adjusted EBITDA

$12.6M

No prior period
Adjusted EBITDA Margin

14.4%

No prior period
Book-to-Bill Ratio

1.25

No prior period
Capital Expenditures

-$2.09M

Previous: -$4.15M+49.8%
Free Cash Flow

$4.27M

Previous: $811K+426.6%
Net Income

$6.36M

Previous: $4.96M+28.1%
Operating Income

$8.32M

Previous: $6.44M+29.1%
Gross Profit

$35.3M

Previous: $28.6M+23.2%
Cash & Equivalents

$78.2M

Previous: $96.2M-18.7%
Total Assets

$458M

Previous: $399M+14.9%
Stock-Based Comp

$497K

Previous: $366K+35.8%

Revenue & EPS history

Vishay Precision · Revenue · Quarterly

$87.7M

Q1 2022+24.2%vs Q1 2021
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Forward guidance

We expect net revenues to grow sequentially and be in the range of $88 million to $96 million for the second fiscal quarter of 2022, at constant first fiscal quarter 2022 exchange rates.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

-0.2%

Avg return

Earnings day

+2.7%

Avg return

5 days after

+4.4%

Avg return

30 days after

45%

29 / 64 earnings

Positive

+18.7%

Q4 2017

Best reaction

-17.6%

Q2 2019

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+8.0%+47.6%+115.1%
Q4 2025-13.4%-17.5%-23.5%
Q3 2025-6.4%-13.3%-1.8%
Q1 2025-1.1%-1.7%+9.6%
Q4 2024-4.2%+4.2%-6.6%
Q3 2024-1.6%-4.5%-1.1%
Q2 2024-14.2%-14.2%-18.2%
Q1 2024-9.0%-7.2%-4.0%
Q4 2023+11.7%+9.0%+5.1%
Q3 2023-9.7%-11.8%-3.2%
Q2 2023-4.9%-2.4%-7.1%
Q1 2023-13.1%-14.0%-3.8%
Q4 2022-7.0%-2.7%-5.6%
Q3 2022+6.9%+17.6%+22.8%
Q2 2022+12.9%+14.8%+10.3%
Q1 2022-4.7%+0.4%-3.1%
Q4 2021+4.9%+2.2%+4.0%
Q3 2021-0.8%+1.5%-9.3%
Q2 2021+5.5%+4.5%-0.6%
Q1 2021+0.4%+5.0%+8.0%
Q4 2020-6.1%-5.3%-8.9%
Q3 2020+12.0%+8.3%+18.7%
Q2 2020+2.8%+4.1%-3.2%
Q1 2020+0.0%+2.8%+13.7%
Q4 2019-7.2%-10.3%-46.3%
Q3 2019+4.4%+0.3%-2.0%
Q2 2019-17.6%-18.2%-15.4%
Q1 2019+2.9%+5.8%-3.3%
Q4 2018+1.9%+3.1%+0.1%
Q3 2018+6.9%+3.4%-10.1%
Q2 2018+4.7%+6.8%+2.3%
Q1 2018+16.6%+23.9%+37.1%
Q4 2017+18.7%+26.8%+26.8%
Q3 2017+2.4%+7.5%+20.3%
Q2 2017+7.5%+11.1%+30.7%
Q1 2017+1.1%+1.4%+1.1%
Q4 2016-3.8%-4.1%-7.4%
Q3 2016+10.2%+21.0%+20.7%
Q2 2016-12.9%-2.0%+9.1%
Q1 2016+0.2%
Q4 2015+1.1%
Q3 2015+5.6%
Q2 2015+7.4%
Q1 2015-7.0%
Q4 2014-5.4%
Q3 2014+3.6%
Q2 2014+13.0%
Q1 2014-1.2%
Q4 2013+10.7%
Q3 2013-4.7%
Q2 2013-6.9%
Q1 2013-0.6%
Q1 2011-0.3%
Q4 2011-0.3%
Q4 2009-0.3%
Q4 2012-0.4%
Q3 2012-7.7%
Q2 2012-1.7%
Q1 2012+1.2%
Q3 2011-4.8%
Q3 2010-4.8%
Q2 2010-4.7%
Q4 2010-4.7%
Q2 2011-4.7%

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