Vishay Precision Group(VPG)
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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].
VPG to Present at Upcoming Investor Conferences on August 27, 2025, in Chicago, IL and September 3, 2025, in New York, NY
Globenewswire· 2025-08-12 12:00
Core Viewpoint - Vishay Precision Group, Inc. (VPG) is actively participating in investor conferences to showcase its leadership in precision measurement and sensing technologies [1][2]. Company Overview - VPG specializes in precision measurement and sensing technologies, providing sensors, weighing solutions, and measurement systems that enhance product performance across various markets [2]. Upcoming Events - VPG will present at the 16th Annual Midwest IDEAS Conference on August 27, 2025, at 4:30 p.m. ET, with a live and on-demand webcast available [3]. - The company will also participate in the Jefferies Industrials Conference on September 3, 2025, at 4:50 p.m. ET, with a similar webcast option [3].
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
Press Release & Executive Summary [Second Fiscal Quarter Highlights](index=1&type=section&id=1.1%20Second%20Fiscal%20Quarter%20Highlights) VPG reported positive sequential sales and order growth in Q2 2025, improving adjusted margins and EBITDA, and reduced debt through an asset sale - **Sequential sales grew 4.8%** in Q2 2025 compared to Q1 2025[3](index=3&type=chunk) - **Total orders increased 7.5% sequentially**, marking the third consecutive quarter of growth[3](index=3&type=chunk) Key Operational Metrics (Q2 2025) | Metric | Value | | :-------------------- | :------ | | Book-to-bill | 1.06 | | Measurement Systems book-to-bill | 1.20 | | Sensors book-to-bill | 1.12 | - **Adjusted gross margin, operating margin, and EBITDA improved** sequentially despite a $0.5 million tariff impact[3](index=3&type=chunk) - A July 2025 building sale generated **$10.8 million** net, reducing bank debt and saving **$0.7 million** annually in interest[3](index=3&type=chunk) [Company Overview](index=3&type=section&id=1.2%20Company%20Overview) Vishay Precision Group, Inc. (VPG) leads in precision measurement and sensing technologies, optimizing customer product performance across diverse markets - VPG leads in **precision measurement and sensing technologies**[19](index=19&type=chunk) - Products encompass **sensors, weighing solutions, and measurement systems**[19](index=19&type=chunk) - Mission is to **optimize customer product performance** across diverse markets for a safer, smarter, and more productive world[19](index=19&type=chunk) Financial Performance [Second Fiscal Quarter Financial Trends](index=1&type=section&id=2.1%20Second%20Fiscal%20Quarter%20Financial%20Trends) VPG reported a significant year-over-year decrease in GAAP net earnings and diluted EPS for Q2 2025, with adjusted metrics also declining, and net revenues down 2.8% YoY GAAP Financials (Q2 2025 vs Q2 2024, in millions) | Metric | Q2 2025 | Q2 2024 | Change (YoY) | | :--------------------------------- | :-------- | :-------- | :----------- | | Net revenues | $75.2 | $77.4 | -2.8% | | Gross profit margin | 40.7% | 41.9% | -1.2 pp | | Operating margin | 3.6% | 7.6% | -4.0 pp | | Net earnings attributable to VPG stockholders | $0.3 | $4.6 | -93.5% | | Diluted net earnings per share | $0.02 | $0.34 | -94.1% | | EBITDA | $5.2 | $11.5 | -54.7% | | EBITDA Margin | 7.0% | 14.8% | -7.8 pp | Adjusted Financials (Q2 2025 vs Q2 2024, in millions) | Metric | Q2 2025 | Q2 2024 | Change (YoY) | | :--------------------------------- | :-------- | :-------- | :----------- | | Adjusted gross profit margin | 41.0% | 41.9% | -0.9 pp | | Adjusted operating margin | 4.8% | 7.6% | -2.8 pp | | Adjusted net earnings | $2.3 | $4.2 | -45.2% | | Adjusted diluted net earnings per share | $0.17 | $0.31 | -45.2% | | Adjusted EBITDA | $7.9 | $10.2 | -22.5% | | Adjusted EBITDA Margin | 10.5% | 13.2% | -2.7 pp | - **Cash from operating activities was $6.0 million** in Q2 2025[8](index=8&type=chunk) - **Adjusted free cash flow was $4.7 million** in Q2 2025[8](index=8&type=chunk) [Six-Month Financial Trends](index=1&type=section&id=2.2%20Six-Month%20Financial%20Trends) For the first six fiscal months of 2025, VPG reported a net loss attributable to stockholders, a significant decline from prior year net earnings, with adjusted net earnings also decreasing GAAP Financials (Six Months 2025 vs Six Months 2024, in millions) | Metric | 6M 2025 | 6M 2024 | Change (YoY) | | :--------------------------------- | :-------- | :-------- | :----------- | | Net revenues | $146.9 | $158.1 | -7.1% | | Gross profit margin | 39.2% | 42.7% | -3.5 pp | | Operating income | $2.6 | $12.8 | -79.7% | | Net (loss) earnings attributable to VPG stockholders | $(0.7) | $10.5 | N/A (loss from profit) | | Diluted (loss) earnings per share | $(0.05) | $0.78 | N/A (loss from profit) | Adjusted Financials (Six Months 2025 vs Six Months 2024, in millions) | Metric | 6M 2025 | 6M 2024 | Change (YoY) | | :--------------------------------- | :-------- | :-------- | :----------- | | Adjusted net earnings | $2.7 | $9.8 | -72.4% | | Adjusted diluted net earnings per share | $0.21 | $0.73 | -71.2% | [Segment Performance](index=1&type=section&id=2.3%20Segment%20Performance) Segment performance was mixed in Q2 2025, with Sensors revenue decreasing, Weighing Solutions increasing, and Measurement Systems revenue decreasing year-over-year but increasing sequentially, alongside varied gross margins [Sensors Segment Performance](index=1&type=section&id=2.3.1%20Sensors%20Segment%20Performance) Sensors Segment Revenue (Q2 2025, in millions) | Metric | Q2 2025 | Q2 2024 | Q1 2025 | | :-------------------- | :-------- | :-------- | :-------- | | Revenue | $26.6 | $28.9 | $27.1 | | Change (YoY) | -8.0% | N/A | N/A | | Change (QoQ) | -1.8% | N/A | N/A | - **Year-over-year revenue decreased** due to lower strain gage sales in consumer applications, partially offset by Test and Measurement market growth[7](index=7&type=chunk) - **Sequential revenue decreased** mainly due to lower precision resistor sales in the Test and Measurement market[7](index=7&type=chunk) Sensors Segment Gross Profit Margin | Metric | Q2 2025 | Q2 2024 | Q1 2025 | | :-------------------- | :-------- | :-------- | :-------- | | Gross Profit Margin | 32.0% | 38.3% | 30.1% | | Adjusted Gross Margin | 32.2% | 38.3% | 30.8% | - **Adjusted gross profit margin decreased year-over-year** due to lower volume, net tariffs, and inefficiencies, partially offset by inventory increase[9](index=9&type=chunk) - **Adjusted gross profit margin increased sequentially** due to higher inventories and favorable foreign currency exchange rates, despite lower volume and net tariff costs[9](index=9&type=chunk) [Weighing Solutions Segment Performance](index=2&type=section&id=2.3.2%20Weighing%20Solutions%20Segment%20Performance) Weighing Solutions Segment Revenue (Q2 2025, in millions) | Metric | Q2 2025 | Q2 2024 | Q1 2025 | | :-------------------- | :-------- | :-------- | :-------- | | Revenue | $29.4 | $27.4 | $26.4 | | Change (YoY) | +7.2% | N/A | N/A | | Change (QoQ) | +11.3% | N/A | N/A | - **Year-over-year revenue increased** primarily from higher sales in the Transportation and Other markets[10](index=10&type=chunk) - **Sequential revenue increased** driven by higher sales in Transportation, Industrial Weighing, and Other markets (medical, precision agriculture)[10](index=10&type=chunk) Weighing Solutions Segment Gross Profit Margin | Metric | Q2 2025 | Q2 2024 | Q1 2025 | | :-------------------- | :-------- | :-------- | :-------- | | Gross Profit Margin | 39.6% | 37.6% | 36.8% | | Adjusted Gross Margin | 40.2% | 37.6% | 37.8% | - **Gross profit margin increased year-over-year** due to higher volume, favorable foreign exchange rates, and cost reductions[11](index=11&type=chunk) - **Gross profit margin increased sequentially** due to higher volume and favorable foreign exchange rates, despite net tariff costs[11](index=11&type=chunk) [Measurement Systems Segment Performance](index=2&type=section&id=2.3.3%20Measurement%20Systems%20Segment%20Performance) Measurement Systems Segment Revenue (Q2 2025, in millions) | Metric | Q2 2025 | Q2 2024 | Q1 2025 | | :-------------------- | :-------- | :-------- | :-------- | | Revenue | $19.2 | $21.0 | $18.2 | | Change (YoY) | -8.9% | N/A | N/A | | Change (QoQ) | +5.1% | N/A | N/A | - **Year-over-year revenue decreased** mainly due to lower Steel market revenue, partially offset by higher Transportation and AMS sales[12](index=12&type=chunk) - **Sequential revenue increased** primarily from higher AMS market sales, offsetting declines in Transportation and Steel markets[12](index=12&type=chunk) Measurement Systems Segment Gross Profit Margin | Metric | Q2 2025 | Q2 2024 | Q1 2025 | | :-------------------- | :-------- | :-------- | :-------- | | Gross Profit Margin | 54.6% | 52.4% | 50.3% | - **Gross profit margin increased year-over-year** due to a favorable product mix[13](index=13&type=chunk) - **Gross profit margin increased sequentially** due to higher volume and a favorable product mix[13](index=13&type=chunk) Business Outlook & Non-GAAP Definitions [Near-Term Outlook](index=2&type=section&id=3.1%20Near-Term%20Outlook) VPG anticipates Q3 2025 net revenues between $73 million and $81 million, based on current backlog and market conditions at constant Q2 2025 foreign currency exchange rates - **Expected net revenues for Q3 2025 are $73 million to $81 million**[14](index=14&type=chunk) - Outlook is based on **current backlog and market conditions**, using constant Q2 2025 foreign currency exchange rates[14](index=14&type=chunk) [Use of Non-GAAP Financial Information](index=2&type=section&id=3.2%20Use%20of%20Non-GAAP%20Financial%20Information) VPG utilizes non-GAAP measures like adjusted margins, net earnings, EBITDA, and free cash flow to present core operating results by excluding non-core items - **Adjusted gross profit margin** excludes start-up costs[15](index=15&type=chunk) - **Adjusted operating margin** excludes start-up, restructuring, and severance costs[15](index=15&type=chunk) - **Adjusted net earnings and diluted EPS** exclude start-up, restructuring, severance, foreign currency exchange impacts, and related tax effects[15](index=15&type=chunk) - **EBITDA** is earnings before interest, taxes, depreciation, and amortization[15](index=15&type=chunk) - **Adjusted EBITDA** excludes interest, taxes, depreciation, amortization, start-up, restructuring, severance, and foreign currency exchange impacts[15](index=15&type=chunk) - **Adjusted free cash flow for Q2 2025** is operating cash flow of **$6.0 million** less capital expenditures of **$1.3 million**, net of asset sale proceeds[16](index=16&type=chunk) - Management considers these non-GAAP measures useful for investors to evaluate **core operating profitability and performance trends** by excluding non-core events[17](index=17&type=chunk) Consolidated Financial Statements (GAAP) [Consolidated Condensed Statements of Operations](index=4&type=section&id=4.1%20Consolidated%20Condensed%20Statements%20of%20Operations) The consolidated statements of operations show a significant decline in net earnings and net revenues for both the second fiscal quarter and six-month period ended June 28, 2025, compared to the prior year [Fiscal Quarter Ended June 28, 2025 vs. June 29, 2024](index=4&type=section&id=4.1.1%20Fiscal%20Quarter%20Ended%20June%2028,%202025%20vs.%20June%2029,%202024) Consolidated Condensed Statements of Operations (Q2, in thousands) | Metric | June 28, 2025 | June 29, 2024 | | :--------------------------------- | :------------ | :------------ | | Net revenues | $75,161 | $77,359 | | Costs of products sold | $44,567 | $44,952 | | Gross profit | $30,594 | $32,407 | | Selling, general and administrative expenses | $27,701 | $26,501 | | Restructuring costs | $185 | — | | Operating income | $2,708 | $5,906 | | Other (expense) income | $(1,812) | $1,052 | | Income before taxes | $896 | $6,958 | | Income tax expense | $592 | $2,316 | | Net earnings | $304 | $4,642 | | Less: net earnings attributable to noncontrolling interests | $56 | $39 | | Net earnings attributable to VPG stockholders | $248 | $4,603 | | Basic earnings per share | $0.02 | $0.34 | | Diluted earnings per share | $0.02 | $0.34 | [Six Fiscal Months Ended June 28, 2025 vs. June 29, 2024](index=5&type=section&id=4.1.2%20Six%20Fiscal%20Months%20Ended%20June%2028,%202025%20vs.%20June%2029,%202024) Consolidated Condensed Statements of Operations (Six Months, in thousands) | Metric | June 28, 2025 | June 29, 2024 | | :--------------------------------- | :------------ | :------------ | | Net revenues | $146,902 | $158,142 | | Costs of products sold | $89,262 | $90,641 | | Gross profit | $57,640 | $67,501 | | Selling, general and administrative expenses | $54,412 | $53,895 | | Restructuring costs | $580 | $782 | | Operating income | $2,648 | $12,824 | | Other (expense) income | $(3,039) | $2,284 | | (Loss) Income before taxes | $(391) | $15,108 | | Income tax expense | $260 | $4,634 | | Net (loss) earnings | $(651) | $10,474 | | Less: net earnings (loss) attributable to noncontrolling interests | $43 | $(20) | | Net (loss) earnings attributable to VPG stockholders | $(694) | $10,494 | | Basic (loss) earnings per share | $(0.05) | $0.78 | | Diluted (loss) earnings per share | $(0.05) | $0.78 | [Consolidated Condensed Balance Sheets](index=6&type=section&id=4.2%20Consolidated%20Condensed%20Balance%20Sheets) As of June 28, 2025, VPG's total assets increased slightly compared to December 31, 2024, driven by higher cash and inventories, with modest increases in total liabilities and equity Consolidated Condensed Balance Sheets (in thousands) | Metric | June 28, 2025 | December 31, 2024 | | :--------------------------------- | :------------ | :---------------- | | **Assets:** | | | | Cash and cash equivalents | $90,375 | $79,272 | | Accounts receivable, net | $51,985 | $51,200 | | Inventories, net | $86,329 | $84,160 | | Total current assets | $252,871 | $236,949 | | Property and equipment, net | $77,339 | $79,501 | | Goodwill | $47,376 | $46,819 | | Total assets | $465,554 | $450,935 | | **Liabilities and Equity:** | | | | Total current liabilities | $58,108 | $53,039 | | Long-term debt | $31,526 | $31,441 | | Total liabilities | $134,299 | $129,075 | | Total Vishay Precision Group, Inc. stockholders' equity | $331,211 | $321,967 | | Total equity | $331,255 | $321,860 | | Total liabilities and equity | $465,554 | $450,935 | [Consolidated Condensed Statements of Cash Flows](index=8&type=section&id=4.3%20Consolidated%20Condensed%20Statements%20of%20Cash%20Flows) For the six fiscal months ended June 28, 2025, net cash from operating activities decreased, while investing and financing activities used less cash, leading to a substantial increase in cash and cash equivalents Consolidated Condensed Statements of Cash Flows (Six Months, in thousands) | Activity | June 28, 2025 | June 29, 2024 | | :--------------------------------- | :------------ | :------------ | | Net (loss) earnings | $(651) | $10,474 | | Net cash provided by operating activities | $11,211 | $13,870 | | Net cash used in investing activities | $(2,740) | $(4,831) | | Net cash used in financing activities | $(148) | $(6,781) | | Effect of exchange rate changes on cash and cash equivalents | $2,780 | $(2,095) | | Increase in cash and cash equivalents | $11,103 | $163 | | Cash and cash equivalents at end of period | $90,375 | $84,128 | - **Capital expenditures for the six months ended June 28, 2025, were $2.76 million**, a decrease from **$5.18 million** in the prior year[26](index=26&type=chunk) - **No treasury stock was purchased** in the six months ended June 28, 2025, compared to **$5.89 million** in the prior year[26](index=26&type=chunk) Non-GAAP Reconciliations [Reconciliation of Consolidated Adjusted Metrics (Gross Profit, Operating Income, Net Earnings, EPS)](index=9&type=section&id=5.1%20Reconciliation%20of%20Consolidated%20Adjusted%20Metrics%20(Gross%20Profit,%20Operating%20Income,%20Net%20Earnings,%20EPS)) This section reconciles GAAP to adjusted non-GAAP metrics for gross profit, operating income, net earnings, and diluted EPS for both fiscal quarter and six-month periods, detailing adjustments for non-core items and their tax effects Q2 2025 Reconciliation (in thousands) | Metric | GAAP | Start-up | Restructuring | Severance | FX Loss (Gain) | Tax Effect | Adjusted Non-GAAP | | :--------------------------------- | :----- | :------- | :------------ | :-------- | :------------- | :--------- | :---------------- | | Gross Profit | $30,594 | $257 | — | — | — | — | $30,851 | | Operating Income | $2,708 | $257 | $185 | $443 | — | — | $3,593 | | Net Earnings Attributable to VPG Stockholders | $248 | $257 | $185 | $443 | $1,763 | $(624) | $2,272 | | Diluted EPS | $0.02 | $0.02 | $0.02 | $0.03 | $0.13 | $(0.05) | $0.17 | Six Months 2025 Reconciliation (in thousands) | Metric | GAAP | Start-up | Restructuring | Severance | FX Loss (Gain) | Tax Effect | Adjusted Non-GAAP | | :--------------------------------- | :----- | :------- | :------------ | :-------- | :------------- | :--------- | :---------------- | | Gross Profit | $57,640 | $720 | — | — | — | — | $58,360 | | Operating Income | $2,648 | $720 | $580 | $443 | — | — | $4,391 | | Net (Loss) Earnings Attributable to VPG Stockholders | $(694) | $720 | $580 | $443 | $2,735 | $(1,044) | $2,740 | | Diluted EPS | $(0.05) | $0.06 | $0.04 | $0.03 | $0.21 | $(0.08) | $0.21 | [Reconciliation of Adjusted Gross Profit by Segment](index=10&type=section&id=5.2%20Reconciliation%20of%20Adjusted%20Gross%20Profit%20by%20Segment) This section details the reconciliation of GAAP gross profit to adjusted non-GAAP gross profit for each of VPG's segments for Q2 2025, Q2 2024, and Q1 2025, primarily adjusting for start-up costs Sensors Segment Gross Profit Reconciliation (in thousands) | Metric | Q2 2025 | Q2 2024 | Q1 2025 | | :--------------------------------- | :------ | :------ | :------ | | GAAP Gross Profit | $8,487 | $11,066 | $8,147 | | GAAP Gross Profit Margins | 32.0% | 38.3% | 30.1% | | Start-up costs | $79 | — | $187 | | Adjusted Non-GAAP Gross Profit | $8,566 | $11,066 | $8,334 | | Adjusted Non-GAAP Gross Profit Margins | 32.2% | 38.3% | 30.8% | Weighing Solutions Segment Gross Profit Reconciliation (in thousands) | Metric | Q2 2025 | Q2 2024 | Q1 2025 | | :--------------------------------- | :------ | :------ | :------ | | GAAP Gross Profit | $11,646 | $10,310 | $9,717 | | GAAP Gross Profit Margins | 39.6% | 37.6% | 36.8% | | Start-up costs | $178 | — | $276 | | Adjusted Non-GAAP Gross Profit | $11,825 | $10,310 | $9,993 | | Adjusted Non-GAAP Gross Profit Margins | 40.2% | 37.6% | 37.8% | Measurement Systems Segment Gross Profit Reconciliation (in thousands) | Metric | Q2 2025 | Q2 2024 | Q1 2025 | | :--------------------------------- | :------ | :------ | :------ | | GAAP Gross Profit | $10,461 | $11,031 | $9,182 | | GAAP Gross Profit Margins | 54.6% | 52.4% | 50.3% | | Adjusted Non-GAAP Gross Profit | $10,461 | $11,031 | $9,182 | | Adjusted Non-GAAP Gross Profit Margins | 54.6% | 52.4% | 50.3% | [Reconciliation of Adjusted EBITDA](index=10&type=section&id=5.3%20Reconciliation%20of%20Adjusted%20EBITDA) This section reconciles GAAP net earnings to EBITDA and Adjusted EBITDA for the fiscal quarter ended June 28, 2025, June 29, 2024, and March 29, 2025, including adjustments for interest, tax, depreciation, amortization, restructuring, severance, start-up costs, and foreign currency exchange EBITDA Reconciliation (in thousands) | Metric | Q2 2025 | Q2 2024 | Q1 2025 | | :--------------------------------- | :------ | :------ | :------ | | Net earnings (loss) attributable to VPG stockholders | $248 | $4,603 | $(942) | | Interest Expense | $550 | $649 | $550 | | Income tax (benefit) expense | $592 | $2,316 | $(332) | | Depreciation | $2,872 | $2,992 | $3,056 | | Amortization | $982 | $924 | $979 | | EBITDA | $5,244 | $11,484 | $3,311 | | EBITDA Margin | 7.0% | 14.8% | 4.6% | Adjusted EBITDA Reconciliation (in thousands) | Metric | Q2 2025 | Q2 2024 | Q1 2025 | | :--------------------------------- | :------ | :------ | :------ | | EBITDA | $5,244 | $11,484 | $3,311 | | Restructuring costs | $185 | — | $395 | | Severance cost | $443 | — | — | | Start-up costs | $257 | — | $463 | | Foreign currency exchange loss (gain) | $1,763 | $(1,289) | $972 | | ADJUSTED EBITDA | $7,892 | $10,196 | $5,141 | | ADJUSTED EBITDA MARGIN | 10.5% | 13.2% | 7.2% | Corporate Information [Conference Call and Webcast Details](index=3&type=section&id=6.1%20Conference%20Call%20and%20Webcast%20Details) VPG hosted a conference call and webcast on August 5, 2025, to discuss Q2 2025 results, with replay information provided for both phone and webcast - Conference call held on **Tuesday, August 5, 2025, at 9:00 a.m. ET** (8:00 a.m. CT)[18](index=18&type=chunk) - Access available via phone (US: 1-833-470-1428, International: +1-404-975-4839, passcode 010019) or **ir.vpgsensors.com**[18](index=18&type=chunk) - Replay available approximately one hour post-call via phone (US: 1-866-813-9403, International: 1-929-458-6194, passcode 958597) or the **VPG investor relations website**[18](index=18&type=chunk) [Forward-Looking Statements](index=3&type=section&id=6.2%20Forward-Looking%20Statements) This section contains a standard disclaimer regarding forward-looking statements, highlighting various risks and uncertainties that could cause actual results to differ materially from expectations - Information may contain **forward-looking statements** subject to risks and uncertainties that could cause actual results to differ materially[20](index=20&type=chunk) - Key factors include **economic conditions, tariffs, inflation, supply chain issues, acquisition difficulties, new product development, foreign currency fluctuations, geopolitical instabilities, cost reduction challenges, and compliance risks**[20](index=20&type=chunk) - The company undertakes **no obligation to publicly update or revise** any forward-looking statements[20](index=20&type=chunk) [Contact Information](index=3&type=section&id=6.3%20Contact%20Information) Contact details for investor inquiries are provided - Contact Person: **Steve Cantor, Vishay Precision Group, Inc.**[21](index=21&type=chunk) - Phone: **781-222-3516**[21](index=21&type=chunk) - Email: **info@vpgsensors.com**[21](index=21&type=chunk)
Vishay Precision (VPG) Surpasses Q2 Earnings and Revenue Estimates
ZACKS· 2025-08-05 12:26
Company Performance - Vishay Precision (VPG) reported quarterly earnings of $0.17 per share, exceeding the Zacks Consensus Estimate of $0.04 per share, but down from $0.31 per share a year ago, representing an earnings surprise of +325.00% [1] - The company posted revenues of $75.16 million for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 3.05%, but down from $77.36 million year-over-year [2] - Over the last four quarters, Vishay has surpassed consensus EPS estimates just once and topped consensus revenue estimates two times [2] Future Outlook - The sustainability of Vishay's stock price movement will depend on management's commentary during the earnings call and future earnings expectations [3][4] - The current consensus EPS estimate for the coming quarter is $0.20 on revenues of $76.92 million, and for the current fiscal year, it is $0.65 on revenues of $303.21 million [7] - The estimate revisions trend for Vishay was mixed ahead of the earnings release, resulting in a Zacks Rank 3 (Hold) for the stock, indicating expected performance in line with the market [6] Industry Context - The Electronics - Miscellaneous Components industry, to which Vishay belongs, is currently in the top 39% of over 250 Zacks industries, suggesting a favorable outlook compared to the bottom 50% [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]
VPG Reports Fiscal 2025 Second Quarter Results
Globenewswire· 2025-08-05 10:15
Core Insights - Vishay Precision Group, Inc. (VPG) reported a net earnings of $0.3 million or $0.02 per diluted share for the second fiscal quarter of 2025, a significant decrease from $4.6 million or $0.34 per diluted share in the same period last year [2][20] - The company experienced a 4.8% sequential growth in sales and a 7.5% increase in total orders, marking the third consecutive quarter of order growth [1][12] - Adjusted net earnings for the second fiscal quarter were $2.3 million or $0.17 per adjusted diluted share, down from $4.2 million or $0.31 per adjusted diluted share in the prior year [4][28] Financial Performance - Total net revenues for the second fiscal quarter of 2025 were $75.2 million, a decrease of 2.8% compared to $77.4 million in the same quarter of 2024 [6][19] - The company reported a gross profit margin of 40.7%, down from 41.9% year-over-year, while the adjusted gross profit margin was 41.0% [6][28] - Operating income for the second quarter was $2.7 million, compared to $5.9 million in the same quarter of the previous year, reflecting an operating margin of 3.6% [6][20] Segment Performance - The Sensors segment revenue decreased by 8.0% year-over-year to $26.6 million, primarily due to lower sales of strain gages in consumer applications [5][30] - The Weighing Solutions segment saw a revenue increase of 7.2% year-over-year to $29.4 million, driven by higher sales in the Transportation market [8][31] - The Measurement Systems segment revenue decreased by 8.9% year-over-year to $19.2 million, attributed to decreased revenue in the Steel market [10][31] Cost Management and Efficiency - The company completed the sale of a building for $10.8 million in net proceeds, which will be used to pay down bank debt, expected to save approximately $700 thousand in annual interest expense [1][12] - Adjusted EBITDA for the second fiscal quarter was $7.9 million, with an adjusted EBITDA margin of 10.5% [6][32] Outlook - VPG anticipates net revenues for the third fiscal quarter of 2025 to be in the range of $73 million to $81 million, based on current market conditions and backlog [12]
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]