Vishay Precision Group Inc
For the period ended Jun 29, 2024. Filed Aug 6, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 29, 2024 · Filed Aug 6, 2024
VPG$49.29+1.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Condensed Statements of Operations
(Unaudited - In thousands, except per share amounts)
| Fiscal quarter ended | ||
|---|---|---|
| June 29, 2024 | July 1, 2023 | |
| Net revenues | $77,359 | $90,802 |
| Costs of products sold | 44,952 | 52,090 |
| Gross profit | 32,407 | 38,712 |
| Selling, general and administrative expenses | 26,501 | 26,755 |
| Restructuring costs | — | 162 |
| Operating income | 5,906 | 11,795 |
| Other income (expense): | ||
| Interest expense | (649) | (1,079) |
| Other | 1,701 | 1,019 |
| Other income (expense) | 1,052 | (60) |
| Income before taxes | 6,958 | 11,735 |
| Income tax expense | 2,316 | 3,384 |
| Net earnings | 4,642 | 8,351 |
| Less: net earnings attributable to noncontrolling interests | 39 | 115 |
| Net earnings attributable to VPG stockholders | $4,603 | $8,236 |
| Basic earnings per share attributable to VPG stockholders | $0.34 | $0.61 |
| Diluted earnings per share attributable to VPG stockholders | $0.34 | $0.60 |
| Weighted average shares outstanding - basic | 13,348 | 13,601 |
| Weighted average shares outstanding - diluted | 13,389 | 13,670 |
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Consolidated Condensed Statements of Operations
(Unaudited - In thousands, except per share amounts)
| Six fiscal months ended | ||
|---|---|---|
| June 29, 2024 | July 1, 2023 | |
| Net revenues | $158,142 | $179,666 |
| Costs of products sold | 90,641 | 103,755 |
| Gross profit | 67,501 | 75,911 |
| Selling, general and administrative expenses | 53,895 | 53,914 |
| Restructuring costs | 782 | 278 |
| Operating income | 12,824 | 21,719 |
| Other income (expense): | ||
| Interest expense | (1,277) | (2,076) |
| Other | 3,561 | 1,294 |
| Other income (expense) | 2,284 | (782) |
| Income before taxes | 15,108 | 20,937 |
| Income tax expense | 4,634 | 5,604 |
| Net earnings | 10,474 | 15,333 |
| Less: net earnings attributable to noncontrolling interests | (20) | 133 |
| Net earnings attributable to VPG stockholders | $10,494 | $15,200 |
| Basic earnings per share attributable to VPG stockholders | $0.78 | $1.12 |
| Diluted earnings per share attributable to VPG stockholders | $0.78 | $1.11 |
| Weighted average shares outstanding - basic | 13,376 | 13,593 |
| Weighted average shares outstanding - diluted | 13,428 | 13,661 |
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