Vishay Precision Group (NYSE: VPG) reported Q3 EPS of $0.57, $0.08 better than the analyst estimate of $0.49. Revenue for the quarter came in at $75.5 million versus the consensus estimate of $73.85 million.

• Growth in revenues to $75.5 million, up 20.2% year-over-year
• Gross profit margin was 40.5% for the quarter as compared to 38.6% for the prior year period
• Operating income increased by 92% to $10.6 million as compared to $5.5 million in the prior year period
• Operating margin for the quarter was 14.1%, compared to 8.8% for the prior year period
• Earnings increased 75% to $0.56 per diluted share, compared to $0.32 reported last year
• Adjusted diluted EPS* increased 111% to $0.57, compared to $0.27 in the prior year period
• Cash from operations was $10.6 million with free cash flow* of $6.8 million

Ziv Shoshani, Chief Executive Officer of VPG, commented, “Our continued focus on execution delivered another quarter of solid revenues and net earnings. Free cash for the quarter was strong, along with a stable book-to-bill, demonstrating a solid business environment. We remain dedicated to delivering solid revenues, margins and net earnings to continue to enhance shareholder value."

Near-Term Outlook

“In light of a continued solid business environment, at constant third fiscal quarter 2018 exchange rates, we expect net revenues in the range of $73 million to $80 million for the fourth fiscal quarter of 2018,” concluded Mr. Shoshani.

GUIDANCE:

Vishay Precision Group sees Q4 2018 revenue of $73-80 million, versus the consensus of $75.48 million.

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