Vishay Precision Group, Inc. · NYSE:VPG
Vishay Precision — Q1 2020 Earnings Presentation
11 slides from Vishay Precision's earnings presentation, May 5, 2020
Slide 1: VPG First Quarter Fiscal 2020 Earnings
Vishay Precision Group PERFORMANCE THROUGH PRECISION VPG First Quarter Fiscal 2020 Earnings May 5, 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 statem
Slide 3: First Quarter 2020 Highlights
First Quarter 2020 Highlights First Quarter Highlights: • Revenues of $67.7 million were in-line with our guidance • Gross profit margin was 37.0% and adjusted gross profit margin* was 37.8% • Diluted earnings per share was $0.24 and adjusted diluted earnings per share * was $0.29 • Cash from operat
Slide 4: Consolidated Results/Trends
Consolidated Results/Trends ($ in millions) Fiscal quarter ended March 28, 2020 March 30, 2019 December 31, 2019 Net revenues $ 67.7 $ 76.5 $ 69.1 Book-to-bill ratio 1.08 0.92 1.15 Total orders $ 73.3 $ 70.2 $ 79.8 End-of-period backlog $ 94.3 87.1 90.9 Inventory turnover 2.58 2.77 2.72 4 PERFORMANC
Slide 5: COVID-19 Pandemic Impacts and Actions
COVID-19 Pandemic Impacts and Actions • Measures taken by VPG to protect employees and customers ◦ Enabled employees to work from home where possible ◦ Suspended business travel ◦ Implemented workplace distancing and adjusted work shifts to minimize contact • Financial actions taken ◦ Implemented sa
Slide 6: Segment Results/Trends
Segment Results/Trends Weighing and Control Foil Technology Products Force Sensors Systems (1) ($ in millions) Q1 Q1 Q4 Q1 Q1 Q4 Q1 Q1 Q4 2020 2019 2019 2020 2019 2019 2020 2019 2019 Net revenues $ 30.5 $ 37.0 $ 29.6 $ 14.7 $ 16.7 $ 15.1 $ 22.5 $ 22.7 $ 24.4 Gross profit $ 11.2 $ 16.6 $ 10.3 $ 3.6 $
Slide 7: Financial Results
Financial Results Fiscal quarter ended ($ in millions, except per share amounts) March 28, March 30, December 31, 2020 2019 2019 Net revenues $ 67.7 Organic $ 76.5 $ 69.1 Growth Acquisitions Gross profit $ 25.1 $ 33.1 $ 24.2 Gross profit margin 37.0% 43.2% 35.0% Selling, general, and administrative
Slide 8: Thank You
Thank You PERFORMANCE THROUGH PRECISION 8 8
Slide 9: Appendix
Appendix PERFORMANCE THROUGH PRECISION 9 9
Slide 10: Reconciliation of Adjusted Gross Margin, Operating Income, Net Earnings and Diluted Earnings Per Share
Reconciliation of Adjusted Gross Margin, Operating Income, Net Earnings and Diluted Earnings Per Share - Quarter Net Earnings Attributable to Gross Profit Operating Income VPG Stockholders Diluted Earnings Per share March 28, March 30, March 28, March 30, March 28, March 30, March 28, March 30, Thre
Slide 11: Sales by End-Market
Sales by End-Market ($ in Millions) Fiscal Quarter Ended March 28, 2020 March 30, 2019 December 31, 2019 Test & Measurement $14.3 $17.6 $13.2 Avionics, Military, Space 6.2 8.1 6.3 Transportation 8.2 9.6 8.2 Industrial Weighing 12.5 14.4 12.8 General Industrial 4.0 5.6 4.9 Steel 9.3 8.2 11.5 Other Ma
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