NYSE$VPG

Vishay Precision Group Inc · Q2 2020 earnings

Q2 2020 earnings · · Investor relations

Briefing

Reported second quarter results with revenues declining due to COVID-19 impacts, but achieved solid margins and earnings per share due to cost controls and manufacturing efficiencies.

Vishay Precision Group reported a decrease in revenues for the second quarter of 2020, primarily due to the COVID-19 pandemic. Despite the revenue decline, the company maintained solid margins and earnings per share through cost control measures and manufacturing efficiencies. The Foil Technology Products segment performed well, while the Force Sensors segment was negatively impacted by a government-mandated shutdown in India.

  • Revenues of $59.1 million declined 16.5% from a year ago.
  • Gross profit margin was 39.1% as compared to 40.4% reported a year ago.
  • Operating margin was 6.7% as compared to 11.4% reported a year ago.
  • Diluted earnings per share of $0.13 as compared to $0.41 reported a year ago.

Headline financials

Total Revenue

$59.1M

Previous: $70.9M-16.5%
EPS (adj)

$0.19

Previous: $0.45-57.8%
Capital Expenditures

-$10.3M

Previous: -$4.99M-106.1%
Free Cash Flow

-$8.53M

Previous: $573K-1588.8%
Net Income

$1.76M

Previous: $5.57M-68.4%
Operating Income

$3.97M

Previous: $8.1M-51.0%
Gross Profit

$23.1M

Previous: $28.6M-19.2%
Cash & Equivalents

$87.2M

Previous: $98.7M-11.7%
Total Assets

$385M

Previous: $342M+12.3%
Stock-Based Comp

$378K

Previous: $572K-33.9%

Revenue & EPS history

Vishay Precision · Revenue · Quarterly

$59.1M

Q2 2020-16.5%vs Q2 2019
Beat estimate in 14 of 16 quarters(88%)
ActualEstimate

Forward guidance

The company expects net revenues to grow sequentially and be in the range of $59 million to $65 million for the third fiscal quarter of 2020, at constant second fiscal quarter 2020 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 Q2 2020

Historical avgQ2 2020

-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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