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Jun 29, 2024
Vishay Precision Q2 2024 Earnings Report
VPG's Q2 2024 financial performance reflected a decrease in revenue and earnings compared to the previous year.
Key Takeaways
Vishay Precision Group reported a decrease in revenue by 14.8% year-over-year, with net earnings per share also declining from $0.60 to $0.34. The company's performance was affected by mixed trends across its markets, with some cyclical markets improving while others experienced lower orders due to project timing and cautious ordering.
Revenues decreased by 14.8% compared to the previous year, totaling $77.4 million.
Diluted net earnings per share decreased to $0.34, compared to $0.60 in the prior year.
The book-to-bill ratio improved slightly to 0.95, with orders of $73.5 million.
The company focuses on cost-reduction initiatives and strategic business development.
Revenue by Segment
Forward Guidance
The company expects net revenues to be in the range of $70 million to $78 million for the third fiscal quarter of 2024, at constant second fiscal quarter 2024 foreign currency exchange rates.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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