Brief: Vishay Precision Group Reports Q1 Earnings Per Share Of $0.24

Vishay Precision

05/05/2020 11:41

May 5 (Reuters) - Vishay Precision Group Inc  VPG.N :
    * VPG REPORTS FISCAL 2020 FIRST QUARTER RESULTS
    * Q1 ADJUSTED EARNINGS PER SHARE $0.29
    * Q1 EARNINGS PER SHARE $0.24
    * Q1 REVENUE FELL 11.5 PERCENT TO $67.7 MILLION
    * SEES Q2 2020 REVENUE $56 MILLION TO $62 MILLION
    * VISHAY PRECISION GROUP - EXPECT FINANCIAL RESULTS IN Q2 OF
2020
WILL BE NEGATIVELY IMPACTED BY COVID-19 PANDEMIC
    * MAJORITY OF CO'S OPERATIONS HAVE BEEN ABLE TO MAINTAIN
FULL OR
PARTIAL OPERATIONS
    * VISHAY PRECISION - CO'S 2 FORCE SENSORS OPERATIONS
REQUIRED PER
GOVERNMENT ORDERS IN JURISDICTIONS TO SHUT DOWN COMPLETELY/TO
OPERATE WITH MINIMAL STAFFS
    * VISHAY PRECISION GROUP - RECEIVED APPROVAL FROM INDIAN
GOVERNMENT TO RESUME PARTIAL OPERATIONS AT CO'S MANUFACTURING
FACILITY ON MAY 4, 2020
    * EXPECTS REDUCTION IN ITS INDIA OPERATIONS TO REDUCE FORCE
SENSORS REVENUES BY $5 MILLION TO $7 MILLION IN Q2
    * VISHAY PRECISION - IF OPERATING RESTRICTIONS ON INDIAN
FACILITY
NOT LIFTED ON MAY 17, ANTICIPATE ADDITIONAL NEGATIVE IMPACT ON
RESULTS OF OPERATION
    * VISHAY PRECISION GROUP - AS OF MAY 5, 2020, ALL OF CO'S
FACILITIES, WITH EXCEPTION OF FACILITY IN INDIA, ARE OPERATING
FULLY

Source text for Eikon:  ID:nGNX47Vkqn 
Further company coverage:  VPG.N 

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