NYSE$VPG

Vishay Precision Group Inc · Q1 2024 earnings

Q1 2024 earnings · · Investor relations

Briefing

Reported mixed trends across businesses with revenue within guidance, reflecting softness in industrial and semiconductor test equipment, while achieving a record gross margin.

Vishay Precision Group reported a decrease in revenue by 9.1% year-over-year to $80.8 million. Diluted net earnings per share decreased to $0.44, compared to $0.51 in the prior year. The company achieved a record gross margin of 43.4%.

  • Revenues decreased 9.1% from a year ago to $80.8 million.
  • Gross profit margin increased to 43.4% from 41.9% a year ago.
  • Diluted net earnings per share decreased to $0.44 compared to $0.51 reported a year ago.
  • EBITDA was $12.8 million with an EBITDA margin of 15.8%.

Headline financials

Total Revenue

$80.8M

Previous: $88.9M-9.1%
EPS

$0.44

Previous: $0.52-15.4%
Gross Profit Margin

43.4%

No prior period
Adjusted Gross Profit Margin

43.4%

No prior period
Operating Margin

8.6%

No prior period
Adjusted Operating Margin

10.0%

No prior period
Capital Expenditures

-$2.57M

No prior period
Free Cash Flow

$5.89M

Previous: $6.96M-15.4%
Net Income

$5.89M

Previous: $6.96M-15.4%
Operating Income

$6.92M

Previous: $9.92M-30.3%
Gross Profit

$35.1M

Previous: $37.2M-5.7%
Total Assets

$466M

Previous: $481M-3.0%
Stock-Based Comp

$661K

Previous: $681K-2.9%

Revenue & EPS history

Vishay Precision · Revenue · Quarterly

$80.8M

Q1 2024-9.1%vs Q1 2023
Beat estimate in 7 of 15 quarters(47%)
ActualEstimate

Forward guidance

The company expects net revenues to be in the range of $75 million to $85 million for the second fiscal quarter of 2024, at constant first fiscal quarter 2024 foreign currency 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 2024

Historical avgQ1 2024

-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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