NYSE$VPG

Vishay Precision Group Inc · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Reported a solid quarter with strong demand trends and significant revenue growth.

Vishay Precision Group reported a strong second quarter with a 27.4% increase in revenue compared to the previous year. The company's book-to-bill ratio was 1.40, indicating optimism for the second half of the year. Adjusted EBITDA margin was 16.6%.

  • Revenues increased by 27.4% year-over-year to $75.3 million.
  • Diluted earnings per share increased to $0.29, compared to $0.13 in the prior year.
  • Adjusted diluted net earnings per share was $0.49, compared to $0.27 in the prior year.
  • Book-to-bill ratio was 1.40, reflecting strong order growth.

Headline financials

Total Revenue

$75.3M

Previous: $59.1M+27.4%
EPS (adj)

$0.49

Previous: $0.19+157.9%
Gross Profit Margin

39.6%

No prior period
Adjusted Gross Profit Margin

42.3%

No prior period
Operating Margin

6.5%

No prior period
Adjusted Operating Margin

12.2%

No prior period
Book-to-Bill Ratio

1.4

No prior period
Capital Expenditures

-$6.35M

Previous: -$10.3M+38.3%
Free Cash Flow

-$2.43M

Previous: -$8.53M+71.5%
Net Income

$3.92M

Previous: $1.76M+122.9%
Operating Income

$4.92M

Previous: $3.97M+24.0%
Gross Profit

$29.8M

Previous: $23.1M+28.9%
Cash & Equivalents

$73.5M

Previous: $87.2M-15.8%
Total Assets

$440M

Previous: $385M+14.5%
Stock-Based Comp

$576K

Previous: $378K+52.4%

Revenue & EPS history

Vishay Precision · Revenue · Quarterly

$75.3M

Q2 2021+27.4%vs Q2 2020
Beat estimate in 14 of 16 quarters(88%)
ActualEstimate

Forward guidance

The company expects net revenues to be in the range of $81 million to $87 million for the third fiscal quarter of 2021, at constant second fiscal quarter 2021 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 2021

Historical avgQ2 2021

-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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