NYSE$VPG

Vishay Precision Group Inc · Q3 2024 earnings

Q3 2024 earnings · · Investor relations

Briefing

Vishay Precision reported results with revenue decline and a net loss, but adjusted EPS showed positive earnings.

Vishay Precision Group reported a decrease in revenue by 11.8% compared to the same quarter last year. The company experienced a net loss attributable to VPG stockholders of $(1.4) million, or $(0.10) per diluted share, compared to a net income of $6.3 million, or $0.46 per diluted share, in the third quarter of 2023. Adjusted diluted net earnings per share were $0.19, compared to $0.47 in the prior year. The company's book-to-bill ratio was 0.91.

  • Revenues decreased by 11.8% to $75.7 million year-over-year.
  • Gross profit margin decreased to 40.0% compared to 41.9% in the prior year.
  • Diluted net loss per share was $(0.10) compared to earnings per share of $0.46 in the prior year.
  • Adjusted diluted net earnings per share decreased to $0.19 compared to $0.47 in the prior year.

Headline financials

Total Revenue

$75.7M

Previous: $85.9M-11.8%
EPS

-$0.10

Previous: $0.47-121.3%
Gross Profit Margin

40.0%

Previous: 41.9%-4.5%
Adjusted Gross Profit Margin

40.0%

No prior period
Operating Margin

5.1%

Previous: 9.6%-46.9%
Adjusted Operating Margin

5.2%

Previous: 11.2%-53.6%
Adjusted EBITDA

$8.08M

Previous: $13.7M-41.0%
Adjusted EBITDA Margin

10.7%

Previous: 16.0%-33.1%
Capital Expenditures

-$1.79M

Previous: -$2.97M+39.9%
Free Cash Flow

-$1.35M

Previous: $6.28M-121.5%
Net Income

-$1.35M

Previous: $6.28M-121.5%
Operating Income

$3.84M

Previous: $8.22M-53.3%
Gross Profit

$30.3M

Previous: $35.9M-15.8%
Total Assets

$463M

Previous: $484M-4.5%
Stock-Based Comp

$107K

Previous: $656K-83.7%

Revenue & EPS history

Vishay Precision · Revenue · Quarterly

$75.7M

Q3 2024-11.8%vs Q3 2023
Beat estimate in 7 of 15 quarters(47%)
ActualEstimate

Forward guidance

The company expects net revenues to be in the range of $70 million to $78 million for the fourth fiscal quarter of 2024, at constant third fiscal quarter 2024 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 Q3 2024

Historical avgQ3 2024

-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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