Vishay Precision Group Inc

NYSE:VPGUnited States

06:15 AM EST, 11/05/2024 (MT Newswires) -- ...

GAAP $97,761 $111,846 $16,665 $29,943 $ 9,143 $ 21,480 $ 0.68 $ 1.57 As reported - GAAP Margins 41.8% 42.1% 7.1% 11.3% Acquisition purchase accounting adjustments -- 304 -- 304 -- 304 -- 0.02 Restructuring costs -- -- 864 1,431 864 1,431 0.06 0.11 Severance cost -- -- 347 -- 347 -- 0.03 -- Foreign currency exchange gain (loss) -- -- -- -- 34 (2,139) -- (0.16) Less: Tax effect of reconciling items and discrete tax items -- -- -- -- (1,913) (357) (0.14) (0.03) ------ ------- ------ ------ ------ ------ ------ ------ As Adjusted - Non GAAP $97,761 $112,150 $17,876 $31,678 $ 12,301 $ 21,433 $ 0.92 $ 1.57 ====== ======= ====== ====== ====== ====== ====== ====== As Adjusted - Non GAAP Margins 41.8% 42.2% 7.6% 11.9% VISHAY PRECISION GROUP, INC. Reconciliation of Adjusted Gross Profit by segment (Unaudited - In thousands) Fiscal quarter ended -------------------------------------------------------- September 28, 2024 September 30, 2023 June 29, 2024 ------------------ ------------------ ---------------- Sensors As reported - GAAP $ 8,730 $ 11,681 $ 11,066 As reported - GAAP Margins 31.0% 35.9% 38.3% As Adjusted - Non GAAP $ 8,730 $ 11,681 $ 11,066 As Adjusted - Non GAAP Margins 31.0% 35.9% 38.3% Weighing Solutions As reported - GAAP $ 8,840 $ 11,207 $ 10,310 As reported - GAAP Margins 35.1% 38.7% 37.6% As Adjusted - Non GAAP $ 8,840 $ 11,207 $ 10,310 As Adjusted - Non GAAP Margins 35.1% 38.7% 37.6% Measurement Systems As reported - GAAP $ 12,690 $ 13,047 $ 11,031 As reported - GAAP Margins 56.8% 53.6% 52.4% Acquisition purchase accounting adjustments -- 214 -- As Adjusted - Non GAAP $ 12,690 $ 13,261 $ 11,031 As Adjusted - Non GAAP Margins 56.8% 54.5% 52.4% VISHAY PRECISION GROUP, INC. Reconciliation of Adjusted EBITDA (Unaudited - In thousands) Fiscal quarter ended -------------------------------------------------------- September 28, 2024 September 30, 2023 June 29, 2024 ------------------ ------------------ ---------------- Net (loss) earnings attributable to VPG stockholders $ (1,351) $ 6,280 $ 4,603 Interest Expense 648 1,119 649 Income tax expense 1,874 2,419 2,316 Depreciation 2,988 2,954 2,992 Amortization 925 880 924 -------- ---- -------- ---- -------- EBITDA 5,084 $ 13,652 $ 11,484 EBITDA MARGIN 6.7% 15.9% 14.8% Acquisition purchase accounting adjustments -- 214 -- Restructuring costs 82 1,153 -- Foreign currency exchange gain (loss) 2,912 (1,283) (1,289) -------- ---- -------- --- -------- ADJUSTED EBITDA $ 8,079 $ 13,736 $ 10,195 ADJUSTED EBITDA MARGIN 10.7% 16.0% 13.2%