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Jul 02, 2022
Vishay Precision Q2 2022 Earnings Report
Reported strong revenue growth and record backlog.
Key Takeaways
Vishay Precision Group reported a strong second quarter with a 17.6% increase in revenue compared to the previous year. The company achieved record-level backlog and adjusted diluted net earnings per share.
Revenues increased 17.6% from a year ago.
Operating margin increased to 11.9% compared to 6.5% last year.
Diluted net earnings per share was $0.79 compared to $0.29 a year ago.
Ended the quarter with a record-level backlog of $171.4 million.
Forward Guidance
The company expects net revenues to grow sequentially and be in the range of $90 million to $100 million for the third fiscal quarter of 2022, at constant second fiscal quarter 2022 exchange rates.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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