Vishay Precision Group (NYSE: VPG) reported Q2 EPS of $0.57, $0.13 better than the analyst estimate of $0.44. Revenue for the quarter came in at $74.2 million versus the consensus estimate of $73.53 million.

Ziv Shoshani, Chief Executive Officer of VPG, commented, “We continue to secure business opportunities across all of our end markets as reflected in our increased revenues. Our second quarter 2018 operating results reaffirmed that strong operating margins are firmly established in our enterprise when we execute our business strategy in a solid business environment, as we did again this quarter.”

• Growth in revenues to $74.2 million, up 19% year-over-year
• Gross margin was 42.3% for the quarter as compared to 39.7% for the prior year period
• Operating income increased by 93% to $11.3 million as compared to $5.9 million in the prior year period
• Operating margin for the quarter was 15.2%, compared to 9.4% for the prior year period
• Earnings increased 111% to $0.57 per diluted share, compared to $0.27 reported last year
• Adjusted diluted EPS* increased 97% to $0.57, compared to prior year $0.29
• Book-to-bill remained strong at 1.13, reflecting healthy, stable end-markets

“In light of a continued solid business environment, at constant second fiscal quarter 2018 exchange rates and taking into account the normal seasonality of our business, we expect net revenues in the range of $70 million to $77 million for the third fiscal quarter of 2018,” concluded Mr. Shoshani.

For earnings history and earnings-related data on Vishay Precision Group (VPG) click here.