Vishay Precision Group First Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

Vishay Precision Group (NYSE:VPG) First Quarter 2024 Results

Key Financial Results

• Revenue: US$80.8m (down 9.1% from 1Q 2023).
• Net income: US$5.89m (down 15% from 1Q 2023).
• Profit margin: 7.3% (down from 7.8% in 1Q 2023). The decrease in margin was driven by lower revenue.
• EPS: US$0.44 (down from US$0.51 in 1Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Vishay Precision Group EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 4.8%. Earnings per share (EPS) exceeded analyst estimates by 29%.

Looking ahead, revenue is forecast to grow 4.0% p.a. on average during the next 2 years, compared to a 6.2% growth forecast for the Electronic industry in the US.

Performance of the American Electronic industry.

The company's shares are up 1.6% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. We have a graphic representation of Vishay Precision Group's balance sheet and an in-depth analysis of the company's financial position.

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