NYSE$VPG

Vishay Precision Group Inc · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Reported solid third-quarter results with revenue and adjusted diluted net earnings per share growth, expanded adjusted EBITDA margin, and a book-to-bill of 1.21.

Vishay Precision Group reported a strong third quarter with a 21.4% increase in revenue to $82.0 million and adjusted diluted net earnings per share of $0.52. The company's book-to-bill ratio was 1.21, and it anticipates continued revenue growth in the fourth quarter.

  • Revenues increased 21.4% year-over-year to $82.0 million.
  • Gross profit margin was 38.8%, with an adjusted gross profit margin of 41.8%.
  • Diluted earnings per share were $0.39, while adjusted diluted net earnings per share were $0.52.
  • The company achieved a book-to-bill ratio of 1.21.

Headline financials

Total Revenue

$82M

Previous: $67.5M+21.4%
EPS (adj)

$0.52

Previous: $0.40+30.0%
Gross Profit Margin

38.8%

Previous: 40.5%-4.2%
Adjusted Gross Profit Margin

41.8%

No prior period
Operating Margin

8.9%

Previous: 12.0%-25.8%
Adjusted Operating Margin

11.8%

No prior period
Book-to-Bill Ratio

1.21

No prior period
Capital Expenditures

-$9.37M

Previous: -$15.4M+39.1%
Free Cash Flow

-$3.99M

Previous: -$9.8M+59.3%
Net Income

$5.38M

Previous: $5.6M-3.9%
Operating Income

$7.27M

Previous: $8.12M-10.5%
Gross Profit

$31.8M

Previous: $27.3M+16.4%
Cash & Equivalents

$75.5M

Previous: $89.8M-15.9%
Total Assets

$450M

Previous: $393M+14.6%
Stock-Based Comp

$386K

Previous: $380K+1.6%

Revenue & EPS history

Vishay Precision · Revenue · Quarterly

$82M

Q3 2021+21.4%vs Q3 2020
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Forward guidance

The company expects net revenues to be in the range of $86 million to $94 million for the fourth fiscal quarter of 2021, at constant third 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 Q3 2021

Historical avgQ3 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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