NYSE$VPG

Vishay Precision Group Inc · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Reported strong revenue growth and record backlog.

Vishay Precision Group reported a strong second quarter with a 17.6% increase in revenue compared to the previous year. The company achieved record-level backlog and adjusted diluted net earnings per share.

  • Revenues increased 17.6% from a year ago.
  • Operating margin increased to 11.9% compared to 6.5% last year.
  • Diluted net earnings per share was $0.79 compared to $0.29 a year ago.
  • Ended the quarter with a record-level backlog of $171.4 million.

Headline financials

Total Revenue

$88.6M

Previous: $75.3M+17.6%
EPS (adj)

$0.68

Previous: $0.49+38.8%
Gross Profit Margin

42.1%

Previous: 39.6%+6.3%
Adjusted Gross Profit Margin

42.9%

Previous: 42.3%+1.4%
Operating Margin

11.9%

Previous: 6.5%+83.1%
Adjusted Operating Margin

13.7%

Previous: 12.2%+12.3%
Adjusted EBITDA

$15.8M

No prior period
Adjusted EBITDA Margin

17.8%

No prior period
Book-to-Bill Ratio

1.08

Previous: 1.4-22.9%
Capital Expenditures

-$8.43M

Previous: -$6.35M-32.7%
Free Cash Flow

$2.32M

Previous: -$2.43M+195.5%
Net Income

$10.8M

Previous: $3.92M+174.4%
Operating Income

$10.6M

Previous: $4.92M+114.3%
Gross Profit

$37.3M

Previous: $29.8M+25.3%
Cash & Equivalents

$79.4M

Previous: $73.5M+8.1%
Total Assets

$458M

Previous: $440M+4.1%
Stock-Based Comp

$527K

Previous: $576K-8.5%

Revenue & EPS history

Vishay Precision · Revenue · Quarterly

$88.6M

Q2 2022+17.6%vs Q2 2021
Beat estimate in 7 of 15 quarters(47%)
ActualEstimate

Forward guidance

The company expects net revenues to grow sequentially and be in the range of $90 million to $100 million for the third fiscal quarter of 2022, at constant second 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 Q2 2022

Historical avgQ2 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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