Vishay Precision Group reported a strong third quarter with a 21.4% increase in revenue to $82.0 million and adjusted diluted net earnings per share of $0.52. The company's book-to-bill ratio was 1.21, and it anticipates continued revenue growth in the fourth quarter.
Revenues increased 21.4% year-over-year to $82.0 million.
Gross profit margin was 38.8%, with an adjusted gross profit margin of 41.8%.
Diluted earnings per share were $0.39, while adjusted diluted net earnings per share were $0.52.
The company achieved a book-to-bill ratio of 1.21.
The company expects net revenues to be in the range of $86 million to $94 million for the fourth fiscal quarter of 2021, at constant third fiscal quarter 2021 exchange rates.
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