NYSE$VPG

Vishay Precision Group Inc · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

Reported a decline in revenue but an increase in earnings per diluted share compared to the previous year.

Vishay Precision Group reported a decrease in revenue for Q4 2019 compared to Q4 2018, but earnings per diluted share increased. The company's operating margin and adjusted operating margin decreased. However, the book-to-bill ratio improved. The acquisition of DSI contributed positively to the Weighing and Control Systems segment.

  • Revenues declined 10.2% year-over-year to $69.1 million.
  • Earnings per diluted share increased to $0.28, compared to $0.25 a year ago.
  • The book-to-bill ratio improved to 1.15 compared to 0.93 from the previous year.
  • The acquisition of DSI is showing positive results and contributing to the core strengths of VPG.

Headline financials

Total Revenue

$69.1M

Previous: $77M-10.2%
EPS (adj)

$0.27

Previous: $0.54-50.0%
Operating Margin

2.5%

Previous: 9.2%-72.8%
Adjusted Operating Margin

7.5%

Previous: 12.9%-41.9%
Book-to-Bill Ratio

1.15

Previous: 0.93+23.7%
Net Income

$3.86M

Previous: $3.42M+12.9%
Operating Income

$1.76M

Previous: $7.09M-75.2%
Gross Profit

$24.2M

Previous: $30.8M-21.6%
Cash & Equivalents

$86.9M

Previous: $90.2M-3.6%
Total Assets

$370M

Previous: $326M+13.4%
Stock-Based Comp

-$256K

Previous: $627K-140.8%

Revenue & EPS history

Vishay Precision · Revenue · Quarterly

$69.1M

Q4 2019-10.2%vs Q4 2018
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Forward guidance

VPG expects net revenues in the range of $63 million to $70 million for the first fiscal quarter of 2020, at constant fourth fiscal quarter 2019 exchange rates. This projected revenue range excludes any potential impact of the coronavirus outbreak on our business, which we are continuing to monitor closely.

Headwinds

  • Potential impact of the coronavirus outbreak on business.

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 Q4 2019

Historical avgQ4 2019

-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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