Vishay Precision Group(US:VPG)2023-05-14 06:51Financial Performance - Net revenues were $88.9 million, a 1.4% increase year-over-year from $87.7 million, but a 7.7% decrease sequentially from $96.2 million[8, 9] - Adjusted gross margin was 41.9%, improving from 41.0% in the prior year and 41.5% in 4Q22[8, 9] - Adjusted net earnings per diluted share grew 6.1% year-over-year to $0.52[8, 9] - Adjusted EBITDA was $14.1 million, representing 15.9% of revenue[8, 9] Segment Highlights - Sensors' revenues increased 1.1% sequentially, with adjusted gross margin at 41.2%[10, 11] - Weighing Solutions' revenues decreased 2.8% year-over-year to $31.9 million, with adjusted gross margin at 34.9%[13, 14] - Measurement Systems' revenues increased 18.3% year-over-year, but declined 24.4% sequentially, with adjusted gross profit margin at 54.1%[16, 20, 21] Orders and Backlog - Consolidated book-to-bill ratio was 0.94x, reflecting orders of $83.1 million[8, 9] - End-of-period backlog stood at $150.4 million[8, 9] - Measurement Systems' orders grew 30.0% from 4Q22, resulting in a book-to-bill of 1.21x[21]