Vishay Precision Group, Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2018. For the quarter, the company reported net revenues of $73,091,000 against $59,787,000 a year ago. Operating income was $8,186,000 against $3,945,000 a year ago. Income before taxes was $7,095,000 against $2,964,000 a year ago. Net earnings were $4,958,000 against $2,003,000 a year ago. Net earnings attributable to the company were $4,958,000 or $0.37 per basic and diluted share against $2,003,000 or $0.0.15 per basic and diluted share a year ago. Net cash provided by operating activities was $1,804,000 against $2,881,000 a year ago. Capital expenditures were $1,773,000 against $1,962,000 a year ago. Adjusted net earnings attributable to the company were $4,988,000 or $0.37 per diluted share against $2,507,000 or $0.37 per diluted share a year ago. The company generated negative free cash flow of $2.4 million for the first quarter of 2018 as compared to a positive $1.1 million for the first quarter of 2017.

The company net revenues in the range of $71 million to $77 million for the second fiscal quarter of 2018.

For the year 2018, The company anticipates that the operational tax rate will be in the range of 28% to 30%.