Summary of Vishay Precision Group (VPG) FY Conference Company Overview - **Company Name**: Vishay Precision Group (VPG) - **Ticker Symbol**: VPG - **Industry**: Sensor manufacturing - **Public Company Since**: 2010 - **Global Presence**: Manufacturing facilities in India (largest), Israel, the US, Japan, China, and Europe [3][2] Core Business Segments - **Segments**: - Sensors - Weighing Solutions - Measurement Systems - **Growth Projections**: - Sensors: Mid to high single digits growth with gross margins in the low 40% [5] - Weighing Solutions: Growth aligned with GDP, gross margins in the high 30s [5] - Measurement Systems: Mid single digits growth with gross margins around 55% [5] Financial Performance and Goals - **Target Growth**: Low teens growth combining organic and inorganic growth, aiming for 45% gross margin, 18% operating margin, and 22% EBITDA margin [6][7] - **Recent Performance**: Achieved record gross margin on $80 million revenue in Q1 FY 2024, indicating improved operational efficiency [8] - **Capital Expenditures**: Over $53 million invested in manufacturing to enhance capabilities and reduce costs [15] Market Trends and Opportunities - **Key Trends**: Electrification, digital transformation, industrial automation, and defense technology driving demand for sensors [11] - **Emerging Applications**: - Robotics (industrial and medical) - Precision agriculture - Consumer electronics - Data center fiber optics [12][14] Business Development Initiatives - **Sales Growth**: Recorded $17 million in sales from new business development initiatives in 2024, with a target of $30 million this year and $100 million in the next few years [20] - **Acquisition Strategy**: Positioned for transformational acquisitions with a focus on companies generating $10 to $20 million in EBITDA [17] Humanoid Robots Engagement - **Current Projects**: Collaborating with two humanoid robot manufacturers, generating $2.5 million in pre-production business [24] - **Market Potential**: Humanoid robots represent a nascent industry with significant growth potential, driven by labor availability and industrial automation needs [21][22] - **Sensor Applications**: Developing torque and tactile sensors critical for humanoid robot functionality, with potential revenue of $20 to $30 million from these projects [26][29] Conclusion - **Strategic Focus**: VPG is leveraging its manufacturing investments and operational excellence to pursue higher volume opportunities and expand beyond niche markets, aiming to deliver significant value to shareholders [33]

MALVERN, Pa., May 28, 2025 (GLOBE NEWSWIRE) -- Vishay Precision Group, Inc. (NYSE: VPG), a leader in precision measurement and sensing technologies, will present at the East Coast IDEAS Investor Conference on Thursday, June 12, 2025 at the Westin Times Square in New York, NY. The company’s presentation is scheduled to begin at 1:20 p.m. ET. A live and on-demand webcast of VPG’s presentation will be available to the public and can be accessed from the following link: https://wsw.com/webcast/threepa46/vpg/205 ...

1Q25 Earnings Call May 6, 2025 SAFE HARBOR STATEMENT From time to time, information provided by us, including, but not limited to, statements in this presentation, or other statements made by or on our behalf, may contain or constitute "forward-looking" information within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements involve a number of risks, uncertainties, and contingencies, many of which are beyond our control, which may cause actual results, performance, or achieve ...

Vishay Precision Group (VPG) Q1 2025 Earnings Call May 06, 2025 09:00 AM ET Company Participants Steve Cantor - Senior Director - Investor Relations & Marketing CommunicationsZiv Shoshani - CEO, President & DirectorWilliam M. Clancy - EVP and CFO Conference Call Participants John Franzreb - Senior Equity AnalystGriffin Boss - Equity Research Analyst Operator Hello, everyone, and welcome to the PPG's twenty twenty five First Quarter Earnings Conference Call. My name is Ezra, and I will be your coordinator to ...

Vishay Precision Group (VPG) Q1 2025 Earnings Call May 06, 2025 09:00 AM ET Speaker0 Hello, everyone, and welcome to the PPG's twenty twenty five First Quarter Earnings Conference Call. My name is Ezra, and I will be your coordinator today. I will now hand you over to your host, Steve Cantor, Senior Director of Investor Relations to begin. Steve, please go ahead. Speaker1 Thank you, Ezra. Good morning, everyone. Welcome to VPG's twenty twenty five first quarter earnings conference call. Our Q1 press release ...

Financial Performance - The company's net loss attributable to VPG stockholders was $0.9 million, or $0.07 per diluted share, compared to net earnings of $5.9 million, or $0.44 per diluted share, in the first fiscal quarter of 2024[3]. - Adjusted net earnings for the first fiscal quarter of 2025 were $0.5 million, or $0.04 per adjusted diluted net earnings per share, down from $5.7 million, or $0.42 per adjusted diluted net earnings per share, in the same period last year[4]. - The company reported a net loss of $955 thousand for the three months ended March 29, 2025, compared to net earnings of $5,832 thousand for the same period in 2024[24]. - For the fiscal quarter ended March 29, 2025, VPG reported a net loss attributable to stockholders of $942,000 compared to a profit of $5,891,000 in the same quarter of the previous year[27]. - EBITDA for the quarter was $3,311,000, resulting in an EBITDA margin of 4.6%, down from 15.8% in the prior year[27]. - Adjusted EBITDA was $5,141,000, with an adjusted EBITDA margin of 7.2%, compared to $12,320,000 and 15.3% respectively in the same quarter last year[27]. - The total adjusted EBITDA for the quarter was $5,141,000, reflecting a decrease from $12,320,000 in the same quarter of the previous year[27]. Revenue and Orders - Total orders for the first fiscal quarter of 2025 were $74.4 million, representing a 2.7% sequential growth and a book-to-bill ratio of 1.04[2]. - Revenue from the Sensors segment was $27.1 million, a decrease of 8.0% year-over-year, but a sequential increase of 5.1%[5]. - The Weighing Solutions segment revenue was $26.4 million, down 8.3% year-over-year, but up 2.7% sequentially[8]. - The Measurement Systems segment revenue decreased 19.0% year-over-year to $18.2 million, and was 13.8% lower sequentially[10]. - The company achieved a book-to-bill ratio above 1.00 for the second consecutive quarter, indicating positive order trends despite market challenges[2]. - The company expects net revenues for the second fiscal quarter of 2025 to be in the range of $70 million to $76 million[12]. Cash Flow and Assets - Cash from operating activities was $5.3 million, with adjusted free cash flow of $3.7 million for the first fiscal quarter of 2025[14]. - Net cash provided by operating activities for the three months ended March 29, 2025, was $5,249 thousand, compared to $6,405 thousand for the same period in 2024, a decrease of 18.06%[24]. - Cash and cash equivalents at the end of the period increased to $83,892 thousand from $79,272 thousand at the beginning of the period, marking an increase of 6.54%[24]. - Total current assets increased to $241,427 thousand as of March 29, 2025, up from $236,949 thousand on December 31, 2024, representing a growth of 1.99%[22]. Profitability and Margins - Gross profit margin for the company was 37.7% in the first fiscal quarter of 2025, down from 43.4% in the first fiscal quarter of 2024[21]. - Gross profit for the three months ended March 29, 2025, was $27,045 thousand, with a gross margin of 37.7%, down from $35,094 thousand and 43.4% in the same period of 2024[25]. - Adjusted gross profit for the Sensors segment was $8,333 thousand for the three months ended March 29, 2025, with a margin of 30.8%, compared to $10,732 thousand and 36.5% in the same period of 2024[26]. Liabilities and Equity - Total liabilities decreased slightly to $128,826 thousand as of March 29, 2025, from $129,075 thousand on December 31, 2024[23]. - Total equity increased to $325,015 thousand as of March 29, 2025, from $321,860 thousand on December 31, 2024, reflecting a growth of 0.36%[23]. Other Expenses - The company incurred $800 thousand in inventory write-offs for obsolescence during the three months ended March 29, 2025[24]. - The company incurred restructuring costs of $395,000 in the latest quarter, compared to $782,000 in the same quarter of the previous year[27]. - Interest expense for the quarter was $550,000, slightly down from $628,000 in the previous year[27]. - Income tax benefit for the quarter was $(332,000), compared to an expense of $2,318,000 in the same quarter last year[27]. - Depreciation expenses were $3,056,000, consistent with $3,016,000 in the same quarter of the previous year[27]. - The company reported amortization expenses of $979,000, up from $927,000 in the same quarter last year[27]. - Foreign currency exchange gains amounted to $972,000, contrasting with a loss of $1,589,000 in the same quarter last year[27].

Core Insights - Vishay Precision Group, Inc. (VPG) reported a net loss of $0.9 million, or $0.07 per diluted share, for the first fiscal quarter of 2025, a significant decline from net earnings of $5.9 million, or $0.44 per diluted share, in the same period last year [2][20]. Financial Performance - Total orders for the first fiscal quarter were $74.4 million, reflecting a 2.7% sequential growth and a book-to-bill ratio of 1.04, indicating a positive order intake trend [1]. - Adjusted net earnings for the first fiscal quarter were $0.5 million, or $0.04 per adjusted diluted share, down from $5.7 million, or $0.42 per adjusted diluted share, in the first fiscal quarter of 2024 [3][20]. Segment Performance - The Sensors segment reported revenue of $27.1 million, an 8.0% decrease year-over-year but a 5.1% increase sequentially [4]. - The Weighing Solutions segment generated revenue of $26.4 million, down 8.3% year-over-year but up 2.7% sequentially [6][7]. - The Measurement Systems segment saw revenue decline by 19.0% year-over-year to $18.2 million, with a 13.8% decrease compared to the previous quarter [9]. Profitability Metrics - Gross profit margin for the overall company was 37.7%, down from 43.4% in the first fiscal quarter of 2024 [20]. - The adjusted gross margin for the Sensors segment was 30.8%, while the Weighing Solutions segment reported an adjusted gross margin of 37.8% [5][8]. - EBITDA for the first fiscal quarter was $3.3 million, with an EBITDA margin of 4.6%, compared to $12.8 million and 15.8% in the same quarter last year [29]. Cash Flow and Balance Sheet - Cash from operating activities was $5.3 million, with adjusted free cash flow of $3.7 million for the first fiscal quarter [6][13]. - The company’s total assets as of March 29, 2025, were $453.8 million, slightly up from $450.9 million at the end of 2024 [21][23]. Outlook - The company anticipates net revenues for the second fiscal quarter of 2025 to be in the range of $70 million to $76 million, assuming constant foreign currency exchange rates from the first fiscal quarter [11].

MALVERN, Pa., April 10, 2025 (GLOBE NEWSWIRE) -- Vishay Precision Group, Inc. (NYSE: VPG), a leader in precision measurement and sensing technologies, will release its financial results for the first quarter fiscal 2025 before the opening of the market on Tuesday, May 6, 2025. Ziv Shoshani, chief executive officer, and Bill Clancy, chief financial officer, will host a conference call that day (Tuesday, May 6, 2025) at 9:00 a.m. U.S. eastern time. To access the conference call, interested parties should call ...

MALVERN, Pa., March 10, 2025 (GLOBE NEWSWIRE) -- Vishay Precision Group, Inc. (NYSE: VPG), a leader in precision measurement and sensing technologies, announced that the company will present at the Sidoti March 2025 Small-Cap Virtual Investor Conference on Thursday, March 19, 2025 at 11:30 a.m. ET. A live and on-demand webcast of VPG’s presentation will be available to the public and can be accessed from the following link: https://sidoti.zoom.us/webinar/VPG, or on VPG’s website: ir.vpgsensors.com/events. F ...

Manufacturing and Operations - The company is shifting manufacturing to regions with advanced automation and lower labor costs to maintain cost competitiveness[62] - The company maintains a safety stock inventory of certain critical materials, as some specialized materials are sourced from a single vendor[301] - Significant price volatility in certain metals used in manufacturing could materially and adversely affect the company's results of operations[301] Employment and Workforce - As of December 31, 2024, the company employed approximately 2,200 employees, with 82% located outside the United States[83] Financial Position - The company had $32.0 million in borrowings outstanding under a revolving credit facility as of December 31, 2024[295] - At December 31, 2024, the company had $79.3 million in cash and cash equivalents, accruing interest at various variable rates[295] Interest Rate Impact - A 50 basis point change in interest rates is expected to impact annualized net earnings by $0.2 million for both 2024 and 2023[296] Customer Base - The company maintains a diversified customer base with no single customer accounting for more than 10% of net revenues[67] Research and Development - The company continues to invest in research and development to introduce innovative products and improve profitability, expecting to sustain or increase R&D expenditures[76] Environmental, Social, and Governance (ESG) - The company has a multi-year Environmental, Social and Governance (ESG) plan, with the first Sustainability Report issued in October 2024[81] Intellectual Property - The company has made significant investments in securing intellectual property protection, including numerous patents[77] Competitive Landscape - The competitive landscape is fragmented, with no competitors having the same product mix and proprietary technology as the company[70] Foreign Currency Risk - The company is exposed to foreign currency exchange rate risks, particularly with significant exposures to the British pound, Canadian dollar, Chinese renminbi, euro, Indian rupee, Israeli shekel, Japanese yen, Swedish krona, and Taiwanese dollar[297] - A hypothetical 10% adverse movement in foreign currency exchange rates would impact net earnings by approximately $4.1 million for the year ended December 31, 2024, and $3.7 million for the year ended December 31, 2023[299] - The company’s exposure to foreign currency risk is more pronounced in Israel and India due to a higher percentage of expenses denominated in local currencies compared to sales[298] - A change in the mix of currencies could materially affect the estimated impact of a hypothetical 10% movement in the value of the U.S. dollar[300] - The timing of cash receipts and disbursements could result in materially different actual results versus hypothetical scenarios regarding currency movements[300] Raw Material Costs - A 10% increase or decrease in the costs of raw materials subject to commodity price risk would decrease or increase net earnings by $1.0 million and $1.2 million for the years ended December 31, 2024 and 2023, respectively[303] - The company may face decreased margins if it cannot pass on increased raw material costs to customers during periods of rising prices[302] - The company may need to record losses for adverse purchase commitments for raw materials in periods of declining prices[302]