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Dec 31, 2023
Vishay Precision Q4 2023 Earnings Report
Reported a decrease in revenues compared to the previous year, but showed growth compared to the previous quarter, with solid financial results and record adjusted free cash flow.
Key Takeaways
Vishay Precision Group reported a decrease in revenues of 7.0% compared to the previous year, but grew revenue 4.3% compared to the third quarter of 2023. The company delivered adjusted diluted net earnings per share of $0.61. Adjusted EBITDA was $16.5 million with an adjusted EBITDA margin of 18.5%, and $13.5 million of adjusted free cash flow.
Revenues decreased 7.0% from a year ago.
Gross profit margin was 43.0%, as compared to 41.2% a year ago.
Diluted net earnings per share were $0.31, as compared to $0.65 reported a year ago.
Adjusted diluted net earnings per share were $0.61, as compared to $0.76 reported a year ago.
Forward Guidance
For the first fiscal quarter of 2024 at constant fourth fiscal quarter 2023 exchange rates, VPG expects net revenues to be in the range of $80 million to $90 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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