Vishay Precision Group, Inc. · NYSE:VPG
Vishay Precision — Q3 2020 Earnings Presentation
13 slides from Vishay Precision's earnings presentation, Nov 3, 2020
Slide 1: Vishay Precision Group
Vishay Precision Group PERFORMANCE THROUGH PRECISION VPG Third Quarter Fiscal 2020 Earnings — November 3, 2020
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 state
Slide 3: Third Quarter 2020 Highlights
Third Quarter 2020 Highlights • Revenues of $67.5 million grew 14.2% sequentially and were 0.2% higher than the third quarter of 2019 ◦ Sequential growth across all three reporting segments ◦ Continued strength in advanced sensors ◦ Force Sensors facility in India returned to full production capacit
Slide 4: Consolidated Results/Market Trends
Consolidated Results/Market Trends Financial Highlights Revenue by Market ($ in millions) Fiscal quarter ended ($ in millions) Fiscal quarter ended September September September September June 27, 26, 2020 28, 2019 June 27, 2020 26, 2020 28, 2019 2020 Test & Measurement $ 12.0 $ 16.2 $ 14.0 Net reve
Slide 5: Segment Results/Trends
Segment Results/Trends Weighing and Control Foil Technology Products Force Sensors Systems ($ in millions) Q3 Q3 Q2 Q3 Q3 Q2 Q3 Q3 Q2 2020 2019 2020 2020 2019 2020 2020 2019 2020 Net revenues $32.9 $32.1 $31.8 $13.9 $16.2 $ 8.9 $20.8 $19.1 $18.4 Gross profit $13.5 $12.0 $13.3 $ 4.2 $ 4.9 $ 1.0 $ 9.6
Slide 6: COVID-19 Pandemic Impacts and Actions
COVID-19 Pandemic Impacts and Actions • Status ◦ As of November 3, 2020, all facilities are operating without limitation • Measures taken by VPG to protect employees and customers ◦ Enabled employees to work from home where possible ◦ Suspended business travel ◦ Implemented workplace distancing and
Slide 7: Financial Results
Financial Results Fiscal quarter ended ($ in millions, except per share amounts) September 26, September 28, 2020 2019 June 27, 2020 Net revenues $ 67.5 Organic $ 67.4 $ 59.1 Growth Acquisitions Gross profit $ 27.3 $ 25.8 $ 23.1 Gross profit margin 40.5 % 38.3 % 39.1 % Selling, general, and administ
Slide 8: Selected Balance Sheet Items
Selected Balance Sheet Items ($ in Millions) September 26, December 31, 2020 2019 June 27, 2020 Cash & cash equivalents $ 89.8 $ 86.9 $ 87.2 Total assets $ 392.7 $ 370.4 $ 384.7 Total long-term debt $ 40.7 $ 44.5 $ 40.7 Total liabilities $ 140.2 $ 128.7 $ 140.4 8 PERFORMANCE THROUGH PRECISION
Slide 9: Thank You
Thank You PERFORMANCE THROUGH PRECISION 9 9
Slide 10: Appendix
Appendix PERFORMANCE THROUGH PRECISION 10 10
Slide 11: Reconciliation of Adjusted Gross Profit, Operating Income, Net Earnings and Diluted EPS - Quarter
Reconciliation of Adjusted Gross Profit, Operating Income, Net Earnings and Diluted Earnings Per Share - Quarter Net Earnings Attributable to Gross Profit Operating Income VPG Stockholders Diluted Earnings Per share September September September September September September September September Thre
Slide 12: Reconciliation of Adjusted Gross Profit, Operating Income, Net Earnings and Diluted EPS - YTD
Reconciliation of Adjusted Gross Profit, Operating Income, Net Earnings and Diluted Earnings Per Share - YTD Net Earnings Attributable to Gross Profit Operating Income VPG Stockholders Diluted Earnings Per share September September September September September September September September Nine fis
Slide 13: Reconciliation of Adjusted Gross Profit by Segment
Reconciliation of Adjusted Gross Profit by Segment Fiscal quarter ended September 26, 2020 September 28, 2019 June 27, 2020 Foil Technology Products As reported - GAAP $ 13,515 $ 11,970 $ 13,286 As reported - GAAP Margins 41.1 % 37.3 % 41.8 % COVID-19 impact 159 — (39) As Adjusted - Non GAAP $ 13,67
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