Vishay Precision Group(VPG)
Search documents
VPG to Present and Host 1x1 Investor Meetings at the 17th Annual Southwest IDEAS Conference on November 20, 2025 in Dallas, TX
Globenewswire· 2025-11-05 16:32
Core Viewpoint - Vishay Precision Group, Inc. (VPG) will present at the Southwest IDEAS Investor Conference on November 20, 2025, highlighting its leadership in precision measurement and sensing technologies [1]. Group 1: Company Presentation - The presentation is scheduled for 7:55 a.m. CT and will be available via live and on-demand webcast [2]. - Interested parties can access the webcast through a provided link or VPG's website [2]. Group 2: Conference Overview - The IDEAS Investor Conferences aim to provide independent venues for quality companies to present their investment merits to investment professionals [3]. - These conferences are sponsored by investors for the benefit of regional investment communities and are produced by Three Part Advisors, LLC [3]. Group 3: Company Background - VPG specializes in precision measurement and sensing technologies, offering sensors, weighing solutions, and measurement systems that enhance product performance across various markets [4]. - The company emphasizes its role in making the world safer, smarter, and more productive [4].
Vishay Precision Group(VPG) - 2025 Q3 - Earnings Call Transcript
2025-11-04 15:00
Financial Data and Key Metrics Changes - Third quarter revenue was $79.7 million, reflecting a 6.1% increase from the second quarter and a 5.3% increase year-over-year [3][4] - Adjusted gross margin was 40.5%, impacted by $600,000 from unfavorable foreign exchange and $800,000 from unfavorable product mix [16][18] - Adjusted operating margin improved to 6.2%, up from 4.8% in the previous year [18][19] - Net earnings were $7.8 million, or $0.58 per diluted share, with adjusted net earnings of $3.5 million, or $0.26 per diluted share [19][20] - Adjusted EBITDA was $9.2 million, representing 11.5% of revenue, compared to $7.9 million or 10.5% in the second quarter [20] Business Line Data and Key Metrics Changes Sensors Segment - Revenue increased 19.1% sequentially, driven by higher sales of precision resistors and stringages [6][7] - Sensor bookings rose 13.5% sequentially, achieving a book to bill of 1.07 [6] Weighing Solutions Segment - Sales decreased 6.4% from the second quarter, with orders down about 10%, resulting in a book to bill of 0.89 [9][10] - The decline was attributed to lower sales in the transportation and construction markets [9] Measurement Systems Segment - Revenue increased 7.3% sequentially, with orders decreasing 6.9%, resulting in a book to bill of 1.04 [10][11] - Ongoing softness in DTS due to delays in defense and space government projects was noted [11] Market Data and Key Metrics Changes - The overall market environment was described as stable, with mixed trends globally [4][5] - The European economy showed improvement, impacting the onboard weighing business positively [23] Company Strategy and Development Direction - The company aims to achieve $30 million in business development orders for 2025, having generated approximately $26 million in the first nine months [12][37] - Cost efficiency goals include $5 million in annualized cost reductions by year-end [12][27] - The company is exploring M&A opportunities to enhance growth and profitability [13][14] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the long-term potential in humanoid robotics, with initial deployments expected in 2026 [7][8] - The company anticipates stable, moderately improved business conditions moving forward [15] - The impact of the U.S. Government shutdown on the Measurement Systems division was acknowledged, with potential revenue effects in the hundreds of thousands of dollars [38][39] Other Important Information - The company appointed two new executives to enhance leadership and operational excellence [14] - The cash position at the end of the third quarter was $86.3 million, with long-term debt of $20.5 million [20] Q&A Session Summary Question: Disconnect in Weighing Solutions business - Management explained that the Weighing Solutions business is stable but relies on large companies that are experiencing a slowdown due to interest rates [23] Question: Sustainability of gross margin - Management indicated that gross margin of 40.3% is sustainable due to ongoing cost reduction initiatives [24][26] Question: Humanoid robotics shipment ramp-up - Management confirmed discussions regarding higher volume production but could not provide specifics on ramp-up timelines [28][30] Question: New customer opportunities - Management is engaged in engineering dialogues with potential new customers but noted the proprietary nature of their design processes [35][36] Question: Impact of U.S. Government shutdown - Management estimated the impact on the Measurement Systems division to be significant, particularly for the DTS product line [38][39]
Vishay Precision Group(VPG) - 2025 Q3 - Earnings Call Transcript
2025-11-04 15:00
Financial Data and Key Metrics Changes - Third quarter revenue was $79.7 million, reflecting a 6.1% increase from the second quarter and a 5.3% increase year-over-year [4][12] - Adjusted gross margin was 40.5%, down from 41% in the second quarter, impacted by unfavorable foreign exchange and product mix [12] - Adjusted operating margin improved to 6.2% from 4.8% in the second quarter [12] - Net earnings were $7.8 million or $0.58 per diluted share, with adjusted net earnings of $3.5 million or $0.26 per diluted share [14] - Adjusted EBITDA was $9.2 million, representing 11.5% of revenue, up from $7.9 million or 10.5% of revenue in the second quarter [14] Business Line Data and Key Metrics Changes - Sensor segment revenue increased 19.1% sequentially, driven by higher sales of precision resistors and strain gauges [5][6] - Weighing solutions segment sales decreased 6.4% from the second quarter, with orders down about 10% [7] - Measurement systems segment revenue increased 7.3% sequentially, but orders decreased 6.9%, resulting in a book-to-bill of 1.04 [8] Market Data and Key Metrics Changes - The overall bookings for sensors and measurement systems segments were stable, with a book-to-bill ratio of 1.07 and 1.04 respectively [4][8] - The weighing solutions segment experienced a book-to-bill of 0.89, indicating a decline in orders [7] Company Strategy and Development Direction - The company aims to achieve $30 million in business development orders for 2025, having generated approximately $26 million in the first nine months [9] - Cost efficiency goals include $5 million in annualized cost reductions by year-end, with $4 million already realized [19] - The company is expanding its leadership team with new C-suite roles to enhance growth and operational excellence [10][11] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the long-term potential in humanoid robotics, with $3.6 million in orders year-to-date [6][10] - The company anticipates stable revenue for the fourth quarter, projecting net revenues between $75 million and $81 million [15] - Management noted that the U.S. government shutdown may impact the measurement systems division, particularly the DTS product line [29] Other Important Information - The company successfully mitigated tariff costs through price adjustments to customers [5] - Cash position at the end of the third quarter was $86.3 million, with long-term debt of $20.5 million, resulting in a net cash position of $65.8 million [14] Q&A Session Summary Question: Disconnect in the weighing solutions business - Management explained that the weighing solutions business is stable but affected by a slowdown in OEM sectors due to interest rates [17] Question: Sustainability of record gross margin - Management indicated that the gross margin of 40.3% is sustainable due to ongoing cost reduction initiatives [18] Question: Realization of cost savings - Management confirmed that they expect to meet the $5 million cost savings target by year-end, with $4 million already achieved [19] Question: Ramp-up in humanoid robotics - Management discussed ongoing discussions with customers regarding higher volume production but could not provide specifics on ramp-up timelines [22] Question: New customer opportunities in humanoid robotics - Management stated they are in engineering dialogues with potential new customers but cannot predict approval timelines due to proprietary processes [26] Question: Impact of U.S. government shutdown - Management estimated that the impact on the measurement systems division would be in the hundreds of thousands of dollars due to the shutdown [29]
Vishay Precision Group(VPG) - 2025 Q3 - Earnings Call Presentation
2025-11-04 14:00
Financial Performance - 3Q25 revenue reached $79.7 million, a 6.1% sequential increase[6] - Orders totaled $79.7 million, consistent with 2Q25[7] - Adjusted net earnings per diluted share increased from $0.17 in 2Q25 to $0.26 in 3Q25[8] - Adjusted EBITDA was $9.2 million, representing 11.5% of revenue[8] Segment Highlights - Sensors segment revenue grew 19.1% sequentially[16], reaching $31.6 million[13], with a book-to-bill ratio of 1.07[10, 14] - Weighing Solutions segment revenue declined 6.4% sequentially but increased 9.4% year-over-year[21], reaching $27.5 million[18], with a record gross margin of 40.3%[21] - Measurement Systems segment revenue grew 7.3% sequentially but decreased 8.0% year-over-year[27], reaching $20.6 million[24], with a book-to-bill ratio of 1.04[26] Strategic Initiatives - The company completed the sale of a building for $10.8 million as part of manufacturing consolidations[28] - Targeted annual fixed cost reductions of $5 million are on track[28]
Vishay Precision (VPG) Beats Q3 Earnings and Revenue Estimates
ZACKS· 2025-11-04 13:31
Company Performance - Vishay Precision (VPG) reported quarterly earnings of $0.26 per share, exceeding the Zacks Consensus Estimate of $0.21 per share, and up from $0.19 per share a year ago, representing an earnings surprise of +23.81% [1] - The company posted revenues of $79.73 million for the quarter ended September 2025, surpassing the Zacks Consensus Estimate by 3.50% and increasing from $75.73 million year-over-year [2] - Over the last four quarters, Vishay has surpassed consensus EPS estimates two times and topped consensus revenue estimates twice [2] Stock Performance - Vishay shares have increased approximately 62% since the beginning of the year, significantly outperforming the S&P 500's gain of 16.5% [3] - The current consensus EPS estimate for the upcoming quarter is $0.27 on revenues of $79.73 million, and for the current fiscal year, it is $0.69 on revenues of $303.66 million [7] Industry Outlook - The Electronics - Miscellaneous Components industry, to which Vishay belongs, is currently ranked in the top 15% of over 250 Zacks industries, indicating a favorable outlook [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, suggesting that industry performance can materially impact stock performance [5][8]
Vishay Precision Group(VPG) - 2025 Q3 - Quarterly Results
2025-11-04 11:30
Financial Performance - Third-quarter sales increased by 5.3% year-over-year to $79.7 million, with a sequential growth of 6.1%[2] - Net earnings attributable to VPG stockholders for the third quarter were $7.8 million, or $0.59 per diluted share, compared to a net loss of $1.4 million, or $0.10 per diluted share, in the same quarter last year[5] - Adjusted EBITDA for the third quarter was $9.2 million, with an adjusted EBITDA margin of 11.5%[8] - Net earnings attributable to VPG stockholders decreased to $7,164, down 21.6% from $9,143 in the same period last year[26] - Basic earnings per share attributable to VPG stockholders were $0.54, a decrease of 20.6% from $0.68 in the prior year[26] - For the three months ended September 27, 2025, VPG reported a net earnings attributable to stockholders of $7,858,000, compared to a loss of $1,351,000 for the same period in 2024[30] - The diluted earnings per share for the quarter was $0.59, compared to a loss of $0.10 per share in the same quarter last year[30] Segment Performance - The Sensors segment revenue grew by 12.1% year-over-year to $31.6 million, driven by higher sales of precision resistors and strain gages[10] - The Weighing Solutions segment revenue increased by 9.4% year-over-year to $27.5 million, primarily due to higher sales in the Transportation market[12] - The Measurement Systems segment revenue decreased by 8.0% year-over-year to $20.6 million, attributed to lower sales in the AMS market[14] - Net revenues for the Sensors segment increased to $31,624,000, up from $28,201,000 in the same quarter last year, reflecting a growth of 8.6%[31] - The Weighing Solutions segment reported net revenues of $27,538,000, an increase from $25,175,000, representing a growth of 9.3% year-over-year[31] - The Measurement Systems segment experienced a decline in net revenues to $20,566,000 from $22,352,000, a decrease of 8.0% compared to the previous year[31] Cash Flow and Assets - The company reported a net cash position of $66 million, supporting its growth strategy[2] - Adjusted free cash flow for the third quarter was $7.4 million[8] - Total current assets increased to $252,338, up 6.4% from $236,949 as of December 31, 2024[27] - Cash and cash equivalents rose to $86,253, an increase of 8.3% from $79,272 at the end of 2024[27] - Net cash provided by operating activities was $9,954, a decrease of 23.9% from $13,039 in the prior year[29] - Capital expenditures for the nine months were $4,953, down 29% from $6,965 in the same period last year[29] Operational Changes - The company appointed two new executives to C-Suite positions to enhance operational excellence and accelerate growth[3] - The company incurred restructuring costs of $214,000 in the latest quarter, compared to $82,000 in the same quarter last year[32] - Start-up costs for the quarter were $37,000, compared to no start-up costs in the same period last year[32] Profitability Metrics - Gross profit decreased to $89,764, down 8.1% from $97,761 in the prior year[26] - Operating income fell to $12,807, representing a decline of 23.1% compared to $16,665 in the previous year[26] - The gross profit margin for the same quarter was 40.3%, slightly up from 40.0% in the previous year[30] - Adjusted EBITDA for the quarter was $9,152,000, with an adjusted EBITDA margin of 11.5%, compared to 10.7% in the prior year[32] - The adjusted gross profit margin for the Sensors segment was 33.7%, up from 31.0% in the previous year[31] Future Outlook - The company expects fourth-quarter net revenues to be in the range of $75 million to $81 million, based on current market conditions and backlog[16]
VPG Adds Two New C-Suite Positions; Yair Alcobi Appointed As Chief Business and Product Officer and Rafi Ouzan Named Chief Operating Officer
Globenewswire· 2025-11-04 11:20
MALVERN, Pa., Nov. 04, 2025 (GLOBE NEWSWIRE) -- Vishay Precision Group, Inc. (NYSE: VPG), a leading producer of precision measurement and sensing technologies, today announced the appointment of Yair Alcobi to position of Chief Business and Product Officer and the promotion of Rafi Ouzan to post of Chief Operating Officer, effective today. Both positions are newly created. Ziv Shoshani, President and CEO, said, “We have put in place operational and product development capabilities to address faster growing ...
VPG Reports Fiscal 2025 Third Quarter Results
Globenewswire· 2025-11-04 11:15
Core Insights - Vishay Precision Group, Inc. (VPG) reported a solid performance in the third fiscal quarter of 2025, with sales increasing by 6.1% sequentially and 5.3% year-over-year, totaling $79.7 million [1][4][9] - The company announced the appointment of two new executives to C-Suite positions to enhance growth and operational excellence [2][3] - VPG's net earnings for the third quarter were $7.8 million, a significant recovery from a net loss of $1.4 million in the same quarter of the previous year [4][9] Financial Performance - Total orders for the third quarter were $79.7 million, maintaining levels from the second quarter, with a book-to-bill ratio of 1.00 for the fourth consecutive quarter [1][9] - Adjusted net earnings for the third quarter were $3.5 million, or $0.26 per diluted share, compared to $2.5 million, or $0.19 per diluted share, in the same quarter of 2024 [6][9] - The gross profit margin for the third quarter was 40.3%, slightly up from 40.0% in the previous year [9][10] Segment Performance - The Sensors segment revenue reached $31.6 million, a 12.1% increase from $28.2 million in the same quarter of 2024, driven by higher sales of precision resistors and strain gauges [8][10] - The Weighing Solutions segment revenue was $27.5 million, up 9.4% year-over-year but down 6.4% sequentially [11][12] - The Measurement Systems segment revenue decreased by 8.0% year-over-year to $20.6 million, primarily due to lower sales in the AMS market [13][14] Operational Developments - The company achieved a net cash position of $66 million, supporting its growth strategy [1] - Proceeds from the sale of a building contributed $10.8 million to the third-quarter results, with a gain of approximately $5.5 million recognized [1][9] - The new C-Suite appointments aim to streamline operations and enhance business development initiatives, including opportunities in humanoid robots [2][3] Outlook - VPG anticipates net revenues for the fourth fiscal quarter of 2025 to be in the range of $75 million to $81 million, assuming constant foreign currency exchange rates from the third quarter [15]
Vishay (VPG) Moves 11.5% Higher: Will This Strength Last?
ZACKS· 2025-10-16 18:30
Group 1: Company Overview - Vishay Precision (VPG) shares increased by 11.5% to close at $36.99, driven by notable trading volume and positive order trends [1] - The company is expected to report quarterly earnings of $0.21 per share, reflecting a year-over-year increase of 10.5%, with revenues projected at $77.03 million, up 1.7% from the previous year [2] - The consensus EPS estimate for VPG has remained unchanged over the last 30 days, indicating that stock price movements may not sustain without earnings estimate revisions [3] Group 2: Industry Context - Vishay operates within the Zacks Electronics - Miscellaneous Components industry, where another company, Allient (ALNT), saw a 2.8% increase in stock price, closing at $53.21, with a 14.4% return over the past month [4] - Allient's consensus EPS estimate is $0.48, representing a significant year-over-year change of 54.8%, while it currently holds a Zacks Rank of 4 (Sell) [5]
Vishay Precision Group Announces Date for Its Third Quarter Fiscal 2025 Earnings Conference Call
Globenewswire· 2025-10-15 12:30
Core Viewpoint - Vishay Precision Group, Inc. will announce its financial results for Q3 fiscal 2025 on November 4, 2025, before market opening [1] Financial Results Announcement - The financial results will be released before the market opens on November 4, 2025 [1] - A conference call will be hosted by CEO Ziv Shoshani and CFO Bill Clancy at 9:00 a.m. U.S. eastern time on the same day [2] - Interested parties can access the conference call via phone or through a live webcast on the VPG investor relations website [2] Webcast Replay - A replay of the conference call will be available approximately one hour after its completion [3] - The replay can be accessed via phone or on the "Events" page of the VPG investor relations website for a limited time [3] Company Overview - Vishay Precision Group, Inc. specializes in precision measurement and sensing technologies, enhancing product performance across various markets [4] - The company aims to make the world safer, smarter, and more productive through its sensors and measurement systems [4]