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Sep 30, 2023
Vishay Precision Q3 2023 Earnings Report
Reported a decrease in revenue and earnings compared to the previous year, but maintained a solid adjusted EBITDA margin and generated cash from operations and free cash flow.
Key Takeaways
Vishay Precision Group reported Q3 2023 results with revenues of $85.9 million, a decrease of 4.7% year-over-year. Diluted net earnings per share were $0.46, compared to $0.74 in the prior year. The company achieved an adjusted EBITDA margin of 16.0% and generated solid cash from operations and free cash flow.
Revenues decreased by 4.7% year-over-year to $85.9 million.
Gross profit margin increased to 41.9% from 41.4% a year ago.
Diluted net earnings per share decreased to $0.46 compared to $0.74 reported a year ago.
Adjusted EBITDA was $13.7 million with an adjusted EBITDA margin of 16.0%.
Forward Guidance
The company expects net revenues to be in the range of $77 million to $87 million for the fourth fiscal quarter of 2023.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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