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Apr 01, 2023
Vishay Precision Q1 2023 Earnings Report
Reported a solid start to the year with revenue in line with expectations and increased gross margin both sequentially and year-over-year.
Key Takeaways
Vishay Precision Group reported a 1.4% increase in revenue compared to the previous year. The company's gross profit margin and operating margin also improved. They ended the quarter with a strong backlog of $150.4 million.
Revenues increased 1.4% from a year ago to $88.9 million.
Gross profit margin was 41.9%, as compared to 40.2% reported a year ago.
Operating margin was 11.2%, as compared to 9.5% reported a year ago.
Diluted net earnings per share of $0.51 compared to $0.46 reported a year ago.
Forward Guidance
Net revenues are expected to be in the range of $83 million to $93 million for the second fiscal quarter of 2023, at constant first fiscal quarter 2023 foreign currency exchange rates.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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