Vishay Precision Group (VPG) Reports In-Line Q4 EPS, Revenues Beat; Offers 1Q Revenue Outlook

Vishay Precision Group (NYSE: VPG) reported Q4 EPS of $0.54, in-line with the analyst estimate of $0.54. Revenue for the quarter came in at $77 million versus the consensus estimate of $75.94 million.

Fourth Quarter Highlights:

• Growth in revenues to $77.0 million, up 10.9% year-over-year
• Earnings were $0.25 per diluted share, compared to $0.33 reported last year
• Adjusted diluted EPS* increased to $0.54 compared to prior year $0.39
• Operating margin for the quarter is 9.2%, as compared to 10.3% reported last year
• Adjusted operating margin* for the quarter is 12.9%, as compared to 11.5% reported last year
• Cash from operations was $17.4 million with free cash flow* of $12.8 million

2018 Full Year Highlights:

• Growth in revenues to $299.8 million, up 17.9% year-over-year
• Earnings increased to $1.75 per diluted share, compared to $1.07 reported last year
• Adjusted diluted EPS* increased to $2.05 compared to prior year $1.14
• Operating margin for the year is 12.4%, as compared to 8.8% reported last year
• Adjusted operating margin* for the year is 13.5% as compared to 9.7% reported last year
• Cash from operations was $35.4 million with free cash flow* of $21.0 million

Ziv Shoshani, Chief Executive Officer of VPG, commented, “Our continued focus on execution delivered solid revenues and net earnings for the fourth quarter and full year 2018. Free cash for the fourth quarter and full year 2018 was strong demonstrating good execution and cost discipline. We remain dedicated to delivering revenues, margins and net earnings to continue to enhance long-term shareholder value."

GUIDANCE:

Vishay Precision Group sees Q1 2019 revenue of $72-78 million, versus the consensus of $76.6 million.

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

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