Vishay Precision Group, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended July 01, 2023
August 08, 2023 at 06:30 am EDT
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Vishay Precision Group, Inc. reported earnings results for the second quarter and six months ended July 01, 2023. For the second quarter, the company reported sales was USD 90.8 million compared to USD 88.62 million a year ago. Net income was USD 8.24 million compared to USD 10.76 million a year ago. Basic earnings per share from continuing operations was USD 0.61 compared to USD 0.79 a year ago. Diluted earnings per share from continuing operations was USD 0.6 compared to USD 0.79 a year ago.
For the six months, sales was USD 179.67 million compared to USD 176.28 million a year ago. Net income was USD 15.2 million compared to USD 17.11 million a year ago. Basic earnings per share from continuing operations was USD 1.12 compared to USD 1.25 a year ago. Diluted earnings per share from continuing operations was USD 1.11 compared to USD 1.25 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.
VISHAY PRECISION GROUP, INC. 
