Vishay Precision Group, Inc. · NYSE:VPG
Vishay Precision — Q3 2015 Earnings Presentation
13 slides from Vishay Precision's earnings presentation, Nov 3, 2015
Slide 1: Third Quarter Fiscal 2015 Earnings
Third Quarter Fiscal 2015 Earnings November 3, 2015
Slide 2: Safe Harbor Statement
SAFE HARBOR STATEMENT From time to time, information provided by us, including but not limited to statements in this report, or other statements made by or on our behalf, may contain "forward-looking" information within the meaning of the Private Securities Litigation Reform Act of 1995. Such statem
Slide 3: Highlights
HIGHLIGHTS • Third quarter revenues of $57.1 million, within guidance. • FX impact to revenues - $4.5 million in Q3, $14.0 million for the nine months versus the prior year periods. • Adjusted diluted earnings per share $0.18 versus $0.24 in the third quarter of 2014. • Cash flow from operations for
Slide 4: Financial Results
FINANCIAL RESULTS Consolidated Condensed Summary of Operations (Unaudited - in millions, except %) Fiscal quarter ended Sept. 26, Sept. 27, June 27, 2015 2014 2015 Organic Acquisitions Net revenues Growth $ 63.4 $ 57.1 $ 59.5 Adjusted gross profit (*) $ 21.5 $ 23.7 $ 21.1 Adjusted gross margin (*) 3
Slide 5: VPG Value Proposition
VPG VALUE PROPOSITION PERFORMANCE THROUGH PRECISION Organic Top-Line Growth Goal Mid-single digi global economic environment Top-Line Growth Supplemented by Robust Cash Flow and Strong Balance Sheet to Accommodate Growth hurdle rate + Accretive within 12 months Scalable Business Model Cost structure
Slide 6: Consolidated Results/Trends
CONSOLIDATED RESULTS/TRENDS (in mil $) Quarter 3 Quarter 3 Quarter 2 2015 2014 2015 Organic Acquisitions Growth Book-to-Bill 0.97 0.95 0.91 Total Orders $ 55.7 $ 59.9 $ 54.3 Backlog In Months 2.7 2.9 2.8 Inventory Turns 2.5 2.9 2.7 6
Slide 7: Segment Results/Trends
SEGMENT RESULTS/TRENDS Weighing and Control Foil Technology Products Force Sensors Systems (in mil $) Qtr 3 Qtr 3 Qtr 2 Qtr 3 Qtr 3 Qtr 2 Qtr 3 Qtr 3 Qtr 2 2015 2014 2015 2015 2014 2015 2015 2014 2015 Organic Revenues $ 27.0 $ 27.3 $ 26.2 $ 14.6 $ 17.5 $ 15.6 Acquisitions $ 15.6 $ 18.6 $ 17.7 Growth
Slide 8: Highlights
HIGHLIGHTS • Third quarter revenues of $57.1 million, within guidance. • FX impact to revenues - $4.5 million in Q3, $14.0 million for the nine months versus the prior year periods. • Adjusted diluted earnings per share $0.18 versus $0.24 in the third quarter of 2014. • Cash flow from operations for
Slide 9: Thank You
PERFORMANCE THROUGH PRECISION THANK YOU
Slide 10: Appendix
PERFORMANCE THROUGH PRECISION APPENDIX
Slide 11: Reconciliation of Adjusted Earnings Per Share
RECONCILIATION VISHAY PRECISION GROUP, INC. Reconciliation of Adjusted Earnings Per Share (Unaudited - In thousands, except per share data) Fiscal quarter ended Nine fiscal months ended Sept 26, Sept 27, Sept 26, Sept 27, 2015 2014 2015 2014 Net (loss) earnings attributable to VPG stockholders $ (1,
Slide 12: Reconciliation of Consolidated Adjusted Gross Profit Margin
RECONCILIATION VISHAY PRECISION GROUP, INC. Reconciliation of Consolidated Adjusted Gross Profit Margin (Unaudited - In thousands) Fiscal quarter ended Nine fiscal months ended Sept 26, Sept 27, Sept 26, Sept 27, 2015 2014 2015 2014 Gross profit $ 21,450 $ 23,670 $ 63,464 $ 70,289 Gross profit margi
Slide 13: Reconciliation of Consolidated Adjusted Operating Margin
RECONCILIATION VISHAY PRECISION GROUP, INC. Reconciliation of Consolidated Adjusted Operating Margin (Unaudited - In thousands) Fiscal quarter ended Sept. 26, Sept. 27, June 27, 2015 2014 2015 Operating (loss) income $ (1,711) $ 3,879 $ 2,335 Operating margin -3.0% 6.1% 3.9% Reconciling items affect
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