Vishay Precision Group(VPG)

Search documents
Vishay Precision Group: Stabilization, New Orders, And Optional Robotics Upside Make This A Hold (Upgrade)
Seeking Alpha· 2025-08-22 12:32
Back in March, I put a Sell rating on Vishay Precision Group, Inc. (NYSE: VPG ) because I didn’t see any near-term recovery in demand, and the valuation didn’t quite make sense. Then, in June, even after the stockI’m Emmanuel Onwusah—a financial analyst, writer, and recovering engineer. I hold FMVA® and BIDA® certifications from the Corporate Finance Institute, and I spend most of my time creating pitch decks, building models, analyzing companies, and trying to make sense of where value meets narrative. My ...
Vishay (VPG) is on the Move, Here's Why the Trend Could be Sustainable
ZACKS· 2025-08-15 13:50
Core Viewpoint - The article emphasizes the importance of identifying and sustaining trends in short-term investing, highlighting that sound fundamentals and positive earnings estimates are crucial for maintaining momentum in stock prices [1]. Group 1: Stock Screening and Performance - The "Recent Price Strength" screen is a useful tool for investors to identify stocks that are trending upwards, supported by strong fundamentals and trading near their 52-week high [2]. - Vishay Precision (VPG) is highlighted as a strong candidate for trend investing, having increased by 6.1% over the past 12 weeks, indicating investor confidence in its potential upside [3]. - VPG has also shown a price increase of 0.6% over the last four weeks, suggesting that the upward trend is still intact [4]. Group 2: Technical Indicators and Rankings - VPG is currently trading at 80.9% of its 52-week high-low range, indicating a potential breakout opportunity [5]. - The stock holds a Zacks Rank 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises, which are critical for short-term price movements [5][6]. - The Average Broker Recommendation for VPG is also 1 (Strong Buy), reflecting strong optimism from the brokerage community regarding its near-term price performance [6]. Group 3: Broader Investment Strategy - In addition to VPG, there are other stocks that meet the criteria of the "Recent Price Strength" screen, suggesting a variety of investment opportunities [7]. - The article encourages investors to explore over 45 Zacks Premium Screens tailored to different investing styles, which can help identify potential winning stocks [7].
Vishay Precision Group(VPG) - 2025 Q2 - Earnings Call Transcript
2025-08-05 14:00
Financial Data and Key Metrics Changes - Second quarter revenue was $75.2 million, representing a 4.8% growth from the first quarter [4] - Adjusted gross margin improved to 41%, up from 38.3% in the first quarter, driven by higher volume and favorable product mix [15] - Adjusted operating margin increased to 4.8%, up from 1.1% in the previous quarter [15] - Adjusted net earnings for the second quarter were $2.3 million or $0.17 per diluted share, compared to $468,000 or $0.04 per diluted share in the first quarter [16] - Adjusted EBITDA was $7.9 million or 10.5% of revenue, compared to $5.1 million or 7.2% of revenue in the first quarter [16] - Cash position at the end of the second quarter was $90.3 million, an increase of $6.4 million from the first quarter [17] Business Line Data and Key Metrics Changes - **Sensors Segment**: Revenue decreased by 1.8% sequentially, with bookings rising 3.7% sequentially, resulting in a book to bill of 1.12 [7] - **Weighing Solutions Segment**: Sales increased by 11.3% from the first quarter, driven by higher sales in transportation and industrial weighing markets [9] - **Measurement Systems Segment**: Revenue increased by 5.1% sequentially, with orders increasing by 18.1% sequentially, resulting in a book to bill of 1.2 [10] Market Data and Key Metrics Changes - Consolidated orders grew 7.5% sequentially, marking the third consecutive quarter of sequential growth [5] - The transportation market showed variability, with high orders in the first quarter not repeating in the second quarter [30] - The global steel market remains soft, influenced by slow automotive production and high tariffs [35] Company Strategy and Development Direction - The company aims to secure $30 million in orders for 2025 through business development initiatives, having generated $17 million in the first half of the year [12] - Cost reduction initiatives are expected to save approximately $5 million for the full year, with $2.8 million captured in the first six months [37] - The company is pursuing high-quality acquisitions to build scale and expand cash flow [13] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in responding to tariff changes due to a well-distributed manufacturing footprint and strong customer relationships [6] - The company anticipates modest global economic improvement despite ongoing macro uncertainties [14] - Future revenue is expected to range from $73 million to $81 million at constant exchange rates [17] Other Important Information - The company completed the sale of a building, generating approximately $11 million in net proceeds, which will reduce annual interest expense by about $700,000 [17] - The humanoid robot market is still developing, with initial deployments expected in 2026 [8] Q&A Session Summary Question: Expectations for humanoid robot revenue and production - Management indicated they received a $1.5 million order and are optimistic about future orders, but the timing depends on customer schedules [21][23] Question: Scalability of business and margin improvements - Management expects for every incremental dollar of revenue, approximately $0.30 to $0.40 will drop to the pretax level, with improved cost positions anticipated due to past initiatives [27] Question: Variability in transportation market - Management clarified that the transportation market's variability is due to high orders in Q1 not repeating in Q2, not a slowdown in demand [30][31] Question: Steel market order bookings - Management noted that the global steel market remains soft, influenced by slow automotive production and high tariffs, with future tailwinds expected [35][36] Question: Cost savings program timeline - The $5 million cost savings program is expected to be completed by Q4, with $2.8 million captured in the first half of the year [37]
Vishay Precision Group(VPG) - 2025 Q2 - Earnings Call Presentation
2025-08-05 13:00
Financial Performance - VPG's 2Q25 revenue reached $75.2 million, a 4.8% sequential increase[7, 10] - Orders grew to $79.9 million, up 7.5% from 1Q25, marking the third consecutive quarter of growth[8, 10] - The book-to-bill ratio improved to 1.06, with Measurement Systems and Sensors segments achieving ratios of 1.20 and 1.12, respectively[9, 10] - Adjusted gross margin improved to 41.0% from 1Q25, with Weighing Solutions achieving a quarterly record[10, 30] - Adjusted net earnings per diluted share increased from $0.04 in 1Q25 to $0.17 in 2Q25[10] - Cash from operations was $6.0 million, and adjusted free cash flow was $4.7 million[10] Segment Performance - Sensors segment revenue declined 1.8% sequentially to $26.6 million, but bookings grew 3.7% to $29.8 million[11, 12, 13, 15] - Weighing Solutions segment revenue grew 11.3% sequentially to $29.4 million, with bookings at $27.2 million[17, 18, 19, 21] - Measurement Systems segment revenue grew 5.1% sequentially to $19.2 million, with bookings up 18.1% to $23.0 million[23, 24, 25, 26] Strategic Initiatives - Orders for business development initiatives year-to-date were approximately $17 million, on track to reach the 2025 goal of $30 million[29] - The company completed the sale of a building for $10.8 million as part of manufacturing consolidations[29] - Targeted annual fixed cost reductions of $5 million are on track[29]
Vishay Precision Group(VPG) - 2025 Q2 - Quarterly Results
2025-08-05 12:57
Exhibit 99.1 Ziv Shoshani, Chief Executive Officer of VPG, commented, "We were pleased with the positive sequential trends in the quarter, which reflected a moderately improved business climate. Second quarter sales grew 4.8% sequentially, and total orders of $79.9 million grew 7.5% sequentially, our third consecutive quarter of order growth. This resulted in a book-to-bill of 1.06, as our Measurement Systems and Sensors reporting segments recorded book-to-bill ratios of 1.20 and 1.12, respectively." Mr. Sh ...
VPG Reports Fiscal 2025 Second Quarter Results
Globenewswire· 2025-08-05 10:15
MALVERN, Pa., Aug. 05, 2025 (GLOBE NEWSWIRE) -- Vishay Precision Group, Inc. (NYSE: VPG), a leader in precision measurement and sensing technologies, today announced its results for its fiscal 2025 second quarter ended June 28, 2025. Second Fiscal Quarter Highlights (comparisons are to the comparable period a year ago): Net revenues of $75.2 million decreased 2.8%.Gross profit margin was 40.7% as compared to 41.9%Adjusted gross profit margin* was 41.0%, as compared to 41.9%Operating margin was 3.6% as compa ...
Vishay Precision Group Announces Date for Its Second Quarter Fiscal 2025 Earnings Conference Call
Globenewswire· 2025-07-16 20:35
Core Viewpoint - Vishay Precision Group, Inc. is set to release its financial results for the second quarter of fiscal 2025 on August 5, 2025, before market opening [1] Group 1: Financial Results Announcement - The financial results for the second quarter fiscal 2025 will be released before the market opens on August 5, 2025 [1] - The conference call to discuss the results 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 a toll-free number or through a live webcast on the company's investor relations website [2] Group 2: Webcast Replay Information - A replay of the conference call will be available approximately one hour after its completion, accessible via a toll-free number and also on the investor relations website [3] Group 3: Company Overview - Vishay Precision Group, Inc. specializes in precision measurement and sensing technologies, providing solutions that enhance product performance across various markets [4] - The company aims to make the world safer, smarter, and more productive through its products [4]
Vishay Precision Group (VPG) FY Conference Transcript
2025-06-12 18:20
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]
VPG to Present and Host 1x1 Investor Meetings at the 15th Annual East Coast IDEAS Conference on June 12, 2025 in New York, NY
Globenewswire· 2025-05-28 16:00
Core Insights - Vishay Precision Group, Inc. (VPG) will present at the East Coast IDEAS Investor Conference on June 12, 2025, at the Westin Times Square in New York, NY [1] - The presentation is scheduled to start at 1:20 p.m. ET, with a live and on-demand webcast available to the public [2] - IDEAS Investor Conferences aim to provide independent venues for quality companies to present their investment merits to investment professionals, distinguishing themselves from traditional bank-sponsored events [3] Company Overview - VPG is a leader in precision measurement and sensing technologies, offering sensors, weighing solutions, and measurement systems that enhance product performance across various markets [4] - The company's technologies contribute to making the world safer, smarter, and more productive [4]
Vishay Precision Group(VPG) - 2025 Q1 - Earnings Call Presentation
2025-05-09 21:31
Financial Performance - VPG's consolidated revenue for 1Q25 was $71.7 million[7], a slight decrease sequentially, impacted by approximately $2 million in delayed shipments at KELK[10] - Orders for 1Q25 reached $74.4 million[9], a 2.7% increase from 4Q24, marking the second consecutive quarter of order growth[10] - The book-to-bill ratio improved sequentially to 1.04x, with Sensors and Measurement Systems segments exceeding 1.00[9, 10] - Cash from Operations was $5.3 million and Adjusted Free Cash Flow was $3.7 million[10] - The adjusted gross profit margin remained comparable at 38.3% despite lower revenue, reflecting cost reduction programs offset by unfavorable product mix and foreign currency rates[31] - Net loss attributable to VPG shareholders was $0.9 million, or $0.07 per diluted share, while adjusted net earnings were $0.5 million, or $0.04 per diluted share[33] Segment Performance - Sensors segment revenue for 1Q25 was $27.1 million[13], a 5.1% sequential increase, driven by higher sales of strain gages and precision resistors[16] - Sensors segment bookings grew 6.7% sequentially to $28.7 million[15], the highest level in 5 quarters, with a book-to-bill ratio of 1.06[16] - Weighing Solutions segment revenue for 1Q25 was $26.4 million[19], a 2.7% sequential increase but an 8.3% decrease from the prior year[22] - Measurement Systems segment revenue for 1Q25 was $18.2 million[24], a 13.8% decrease from 4Q24 and a 19.0% decrease from the prior year, impacted by project timing and cyclical softness in the Steel market[27]