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Sep 28, 2024
Vishay Precision Q3 2024 Earnings Report
Vishay Precision reported results with revenue decline and a net loss, but adjusted EPS showed positive earnings.
Key Takeaways
Vishay Precision Group reported a decrease in revenue by 11.8% compared to the same quarter last year. The company experienced a net loss attributable to VPG stockholders of $(1.4) million, or $(0.10) per diluted share, compared to a net income of $6.3 million, or $0.46 per diluted share, in the third quarter of 2023. Adjusted diluted net earnings per share were $0.19, compared to $0.47 in the prior year. The company's book-to-bill ratio was 0.91.
Revenues decreased by 11.8% to $75.7 million year-over-year.
Gross profit margin decreased to 40.0% compared to 41.9% in the prior year.
Diluted net loss per share was $(0.10) compared to earnings per share of $0.46 in the prior year.
Adjusted diluted net earnings per share decreased to $0.19 compared to $0.47 in the prior year.
Revenue by Segment
Forward Guidance
The company expects net revenues to be in the range of $70 million to $78 million for the fourth fiscal quarter of 2024, at constant third 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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