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Dec 31, 2022
Vishay Precision Q4 2022 Earnings Report
Reported a year-over-year revenue increase of 6.9% and diluted net earnings per share of $0.65.
Key Takeaways
Vishay Precision Group (VPG) reported strong Q4 2022 results with a 6.9% increase in revenue compared to the previous year, reaching $96.2 million. The company's diluted net earnings per share rose to $0.65, up from $0.44 in the same quarter of the previous year. While the book-to-bill ratio was 0.76, the company anticipates orders to improve throughout 2023.
Revenue increased by 6.9% year-over-year to $96.2 million.
Gross profit margin improved to 41.2% compared to 38.7% a year ago.
Diluted net earnings per share increased to $0.65, compared to $0.44 a year ago.
Adjusted EBITDA was $17.5 million with an adjusted EBITDA margin of 18.2%.
Forward Guidance
For the first fiscal quarter of 2023, at constant fourth fiscal quarter 2022 exchange rates, VPG expects net revenues to be in the range of $85 million to $95 million.
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