Vishay Precision Group (VPG) Misses Q1 EPS by 3c, Beats on Revenues; Offers Q2 Revenue Outlook

Vishay Precision Group (NYSE: VPG) reported Q1 EPS of $0.19, $0.03 worse than the analyst estimate of $0.22. Revenue for the quarter came in at $59.8 million versus the consensus estimate of $58.04 million.

GUIDANCE:

Vishay Precision Group sees Q2 2017 revenue of $58-63 million, versus the consensus of $60.7 million.

Outlook

“In light of an improved business environment and at constant first quarter 2017 exchange rates, we expect net revenues in the range of $58 million to $63 million for the second quarter of 2017,” concluded Mr. Shoshani.

First Quarter Highlights:

• Revenues grow to $59.8 million, up 5.6% versus last year and up 7.1% sequentially
• Diluted EPS increase to $0.15 compared to prior year’s $0.04
• Adjusted diluted EPS increase to $0.19* compared to prior year $0.13
• Cash from operations grows to $2.9 million; free cash flow of $1.1 million*
• Book-to-bill of 1.06 reflects improving conditions in several end-markets

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

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