Vishay Precision Group Inc (NYSE:VPG) shares are surging on Wednesday. The company reported better-than-expected first-quarter results and issued guidance above estimates on Tuesday.
Earnings Snapshot
Adjusted EPS of 7 cents beat the analyst estimates of 4 cents. Revenue rose 17.6% year over year (Y/Y) to $84.35 million, also exceeding the $77.08 million consensus estimate.
This is driven by broad-based strength across its business segments.
The company posted a book-to-bill ratio of 1.21, with total orders exceeding $100 million for the first time since 2022.
Adjusted gross margin increased to 39.0% from 38.4% a year ago quarter. Higher volumes, better mix, and operational efficiencies lead this.
Operating margin turned slightly positive at 0.4%, compared with -0.1% a year earlier, and adjusted operating margin was steady …