Vishay Precision Group, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 07, 2023 at 10:29 am EST
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Vishay Precision Group, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 85.85 million compared to USD 90.06 million a year ago. Net income was USD 6.28 million compared to USD 10.12 million a year ago. Basic earnings per share from continuing operations was USD 0.46 compared to USD 0.74 a year ago. Diluted earnings per share from continuing operations was USD 0.46 compared to USD 0.74 a year ago.
For the nine months, sales was USD 265.52 million compared to USD 266.34 million a year ago. Net income was USD 21.48 million compared to USD 27.23 million a year ago. Basic earnings per share from continuing operations was USD 1.58 compared to USD 2 a year ago. Diluted earnings per share from continuing operations was USD 1.57 compared to USD 1.99 a year ago.
Vishay Precision Group, Inc. is a global, diversified company focused on precision measurement and sensing technologies, including specialized sensors, weighing solutions, and measurement systems. The Company operates through three segments: Sensors, Weighing Solutions, and Measurement Systems. Its Sensors reporting segment is comprised of the foil resistor and strain gage operating segments. Its foil resistors are marketed under VFR, Alpha Electronics, Powertron and APR brands. The Weighing Solutions segment is comprised of its VPG Transducers, VPG Onboard Weighing, BLH Nobel, Stress-Tek, Celtron and Vulcan businesses. The Weighing Solutions segment includes specialized modules and systems used to precisely measure weight, force torque, and pressure. The Measurement Systems segment is comprised of highly specialized systems for steel production, materials development, and safety testing. This segment is comprised of its KELK, DSI, Pacific Instruments, and its DTS businesses.