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Jul 01, 2023
Vishay Precision Q2 2023 Earnings Report
Reported a strong quarter with increased revenues and adjusted margins compared to the previous quarter.
Key Takeaways
Vishay Precision Group reported a revenue increase of 2.5% year-over-year, reaching $90.8 million. The company's operating margin improved to 13.0%, and it generated $9.8 million in cash from operating activities. The CEO highlighted the sequential increase in orders and a solid outlook for the third quarter.
Revenues increased by 2.5% compared to the previous year, reaching $90.8 million.
Gross profit margin was 42.6%, slightly up from 42.1% a year ago.
Operating margin improved to 13.0%, compared to 11.9% in the previous year.
Diluted net earnings per share were $0.60, compared to $0.79 reported a year ago.
Forward Guidance
The company expects net revenues to be in the range of $85 million to $95 million for the third fiscal quarter of 2023, at constant second fiscal quarter 2023 foreign currency exchange rates.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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