VPG Reports Fiscal 2023 Third Quarter Results
Third Fiscal Quarter and Nine Fiscal Month Financial Trends:
- Third Fiscal Quarter and Nine Fiscal Month Financial Trends:
The Company's third fiscal quarter ended September 30, 2023 net earnings attributable to VPG stockholders were $6.3 million, or $0.46 per diluted share, compared to $10.1 million, or $0.74 per diluted share, in the third fiscal quarter ended October 1, 2022. - The Sensors segment revenue of $32.5 million in the third fiscal quarter of 2023 decreased 14.1% from $37.9 million in the third fiscal quarter of 2022; sequentially, revenue decreased 10.3% compared to $36.3 million in the second fiscal quarter of 2023.
- The Weighing Solutions segment revenue of $29.0 million in the third fiscal quarter of 2023 decreased 7.7% compared to $31.4 million in the third fiscal quarter of 2022 and was 7.3% lower than $31.3 million in the second fiscal quarter of 2023.
- The Measurement Systems segment revenue of $24.4 million in the third fiscal quarter of 2023 increased 17.2% year-over-year from $20.8 million in the third fiscal quarter of 2022 and was 4.6% higher than $23.3 million in the second fiscal quarter of 2023.