NYSE$VPG

Vishay Precision Group Inc · Q2 2023 earnings

Q2 2023 earnings · · Investor relations

Briefing

Reported a strong quarter with increased revenues and adjusted margins compared to the previous quarter.

Vishay Precision Group reported a revenue increase of 2.5% year-over-year, reaching $90.8 million. The company's operating margin improved to 13.0%, and it generated $9.8 million in cash from operating activities. The CEO highlighted the sequential increase in orders and a solid outlook for the third quarter.

  • Revenues increased by 2.5% compared to the previous year, reaching $90.8 million.
  • Gross profit margin was 42.6%, slightly up from 42.1% a year ago.
  • Operating margin improved to 13.0%, compared to 11.9% in the previous year.
  • Diluted net earnings per share were $0.60, compared to $0.79 reported a year ago.

Headline financials

Total Revenue

$90.8M

Previous: $88.6M+2.5%
EPS (adj)

$0.58

Previous: $0.68-14.7%
Gross Profit Margin

42.6%

Previous: 42.1%+1.2%
Operating Margin

13.0%

Previous: 11.9%+9.2%
Free Cash Flow

$8.24M

Previous: $2.32M+254.5%
Net Income

$8.24M

Previous: $10.8M-23.4%
Operating Income

$11.8M

Previous: $10.6M+11.8%
Gross Profit

$38.7M

Previous: $37.3M+3.7%
Cash & Equivalents

$98.5M

Previous: $79.4M+24.0%
Total Assets

$487M

Previous: $458M+6.2%
Stock-Based Comp

$548K

Previous: $527K+4.0%

Revenue & EPS history

Vishay Precision · Revenue · Quarterly

$90.8M

Q2 2023+2.5%vs Q2 2022
Beat estimate in 7 of 15 quarters(47%)
ActualEstimate

Forward guidance

The company expects net revenues to be in the range of $85 million to $95 million for the third fiscal quarter of 2023, at constant second fiscal quarter 2023 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 Q2 2023

Historical avgQ2 2023

-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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