Group 1 - Vishay Precision Group, Inc. (VPG) will present at two investor conferences in December 2024, including the Sidoti December 2024 Small-Cap Investor Virtual Conference on December 5 and the 13th Annual NYC Summit on December 17 [1] - The Sidoti conference will feature a live and on-demand webcast of VPG's presentation, accessible via a provided link and VPG's website [1] - The NYC Summit will consist of small group meetings with company management teams, featuring 17 technology companies [1] Group 2 - VPG is recognized as a leader in precision measurement and sensing technologies, providing solutions that enhance product performance across various markets [3] - The company aims to make the world safer, smarter, and more productive through its sensors, weighing solutions, and measurement systems [3]

Financial Data and Key Metrics Changes - Total sales for Q3 2024 were $75.7 million, above the mid-range of guidance, with a book-to-bill ratio of 0.91 as orders declined to $68.6 million from $73.5 million in Q2 [7][21] - Gross margin decreased to 40% from 41.9% in Q2, primarily due to labor inefficiencies and lower revenues [20] - Adjusted net earnings per diluted share were $0.19, down from $0.31 in Q2, with a loss per diluted share of $0.10 reported [21][22] Business Segment Performance - **Sensors Segment**: Revenue was $28.2 million, down 13.3% year-over-year and 2.3% sequentially, with a book-to-bill ratio of 0.89 [10][11] - **Weighing Solutions Segment**: Revenue was $25.2 million, a decline of 13.1% year-over-year and 8.3% sequentially, with a book-to-bill ratio of 1.0 [13] - **Measurement Systems Segment**: Revenue was $22.4 million, down 8.2% year-over-year but up 6.2% sequentially, with a book-to-bill ratio of 0.82 [15][16] Market Data and Key Metrics Changes - Orders in cyclical markets like steel and consumer showed a decline, while Test and Measurement and AMS saw higher orders but remained below peak levels [7][10] - The semiconductor market remains cyclically soft, impacting order intake [11][16] - Modest improvement was noted in precision agriculture, while construction and medical markets remained slow [14] Company Strategy and Development Direction - The company is focusing on broadening its funnel of new business opportunities and streamlining operations, particularly in the Sensors and Weighing Solutions segments [6][8] - The acquisition of Nokra is expected to expand product offerings in the steel market and is anticipated to be immediately accretive [17][18] - The company aims to leverage existing sales channels to grow Nokra revenues significantly in 2025 [31][32] Management's Comments on Operating Environment and Future Outlook - Management noted a mixed business environment with higher demand in some markets offset by weakness in others, and expects revenues in Q4 to be in the range of $70 million to $78 million [25][26] - There is cautious optimism regarding a recovery in capital spending, particularly in the precision agriculture sector [36][37] - Management highlighted ongoing efforts to reduce operational costs through relocating production to lower labor cost regions [38][39] Other Important Information - The company released its initial Sustainability Report, marking a significant milestone in its sustainability journey [19] - Cash and cash equivalents at the end of Q3 were $81.1 million, with total debt of $31.6 million [25] Q&A Session Summary Question: Labor inefficiencies in the Sensors segment - Management confirmed that significant improvements in labor inefficiencies were observed at the beginning of Q4 [27] Question: Free cash flow and DSOs - Management indicated that the increase in Days Sales Outstanding (DSOs) was likely a one-time occurrence due to sales timing and one-time tax payments [28] Question: New projects in humanoid robots - Management expects revenues from the second humanoid robot customer to be similar in size to the first, with significant revenue growth anticipated for 2025 [29][30] Question: M&A growth expectations from Nokra - Management expects mid-single digit revenue growth for Nokra in 2025, primarily driven by integration into the KELK business [31] Question: Changes in end market dynamics - Management noted a mixed environment with some optimism in precision agriculture, while the semiconductor market remains cautious [36] Question: Operational cost reduction strategies - Management is relocating production to India to achieve multimillion dollar savings [39] Question: Future M&A targets - Management is looking at both smaller, highly profitable businesses and larger revenue contributions for future M&A opportunities [42]

VPG 3Q24 Earnings Call November 5, 2024 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, o ...

Vishay Precision (VPG) came out with quarterly earnings of $0.19 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.47 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this precision sensors and systems producer would post earnings of $0.32 per share when it actually produced earnings of $0.31, delivering a surprise of -3.13%.Over the last four quarters, the company has surpassed consensus EPS estimates two times. ...

Exhibit 99.1 For Immediate Release VPG Reports Fiscal 2024 Third Quarter Results MALVERN, Pa. (November 5, 2024) - Vishay Precision Group, Inc. (NYSE: VPG), a leader in precision measurement and sensing technologies, today announced its results for its fiscal 2024 third quarter ended September 28, 2024. Third Fiscal Quarter Highlights (comparisons are to the comparable period a year ago): • Revenues of $75.7 million decreased 11.8%. • Gross profit margin was 40.0%, as compared to 41.9%. • Adjusted gross pro ...

MALVERN, Pa., Nov. 05, 2024 (GLOBE NEWSWIRE) -- Vishay Precision Group, Inc. (NYSE: VPG), a leader in precision measurement and sensing technologies, today announced its results for its fiscal 2024 third quarter ended September 28, 2024. Third Fiscal Quarter Highlights (comparisons are to the comparable period a year ago): Revenues of $75.7 million decreased 11.8%.Gross profit margin was 40.0%, as compared to 41.9%.Adjusted gross profit margin* was 40.0%, as compared to 42.1%.Operating margin was 5.1%, as c ...

Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value ...

MALVERN, Pa., Oct. 10, 2024 (GLOBE NEWSWIRE) -- Vishay Precision Group, Inc. (NYSE: VPG), a leader in precision measurement and sensing technologies, will release its financial results for the third quarter of fiscal 2024 before the opening of the market on Tuesday, November 5, 2024. Ziv Shoshani, chief executive officer, and Bill Clancy, chief financial officer, will host a conference call that day (Tuesday, November 5, 2024) at 9:00 a.m. U.S. eastern time. To access the conference call, interested parties ...

MALVERN, Pa., Sept. 09, 2024 (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 September 2024 Small-Cap Investor Virtual Conference on Thursday, September 19, 2024 at 10:45 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/e ...

MALVERN, Pa., Aug. 15, 2024 (GLOBE NEWSWIRE) -- Vishay Precision Group, Inc. (NYSE: VPG), a leading producer of precision measurement and sensing technologies, today announced the appointment of Erez Lorber as an independent member to its Board of Directors, effective immediately. Saul Reibstein, Chairman of the Board of Vishay Precision Group, said, "We are pleased to have Erez join our board. He brings a wealth of technology expertise and demonstrated success as an entrepreneur, senior executive, and boar ...