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]

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. ...

Core Viewpoint - Vishay Precision Group, Inc. reported a decline in revenues and profitability for the third fiscal quarter of 2024, with mixed market trends impacting performance across different segments [1][2]. Financial Performance - Revenues for the third fiscal quarter were $75.7 million, a decrease of 11.8% year-over-year [1]. - Gross profit margin was 40.0%, down from 41.9% in the same quarter last year [1]. - Adjusted gross profit margin also decreased to 40.0% from 42.1% [1]. - Operating margin fell to 5.1% compared to 9.6% a year ago [1]. - The company reported a diluted net loss per share of $(0.10), compared to earnings of $0.46 per share in the previous year [1][3]. - Adjusted diluted net earnings per share were $0.19, down from $0.47 [1][4]. Segment Performance - The Sensors segment generated $28.2 million in revenue, a decrease of 13.3% year-over-year [6]. - The Weighing Solutions segment reported $25.2 million in revenue, down 13.1% compared to the previous year [8]. - The Measurement Systems segment had revenues of $22.4 million, an 8.2% decrease year-over-year [10]. - Gross profit margin for the Sensors segment was 31.0%, down from 35.9% a year ago [7]. - The Weighing Solutions segment's gross profit margin was 35.1%, down from 38.7% [9]. - The Measurement Systems segment saw an increase in gross profit margin to 56.8%, up from 53.6% [11]. Orders and Market Trends - Total orders for the third quarter were $68.6 million, a decline of 6.7% sequentially, resulting in a book-to-bill ratio of 0.91 [2]. - Mixed market trends were noted, with softness in cyclical markets like steel and consumer, while orders in test and measurement and avionics, military & space were higher [2]. Outlook - The company expects net revenues for the fourth fiscal quarter of 2024 to be in the range of $70 million to $78 million, assuming constant foreign currency exchange rates [12].

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 ...

Core Insights - Vishay Precision Group, Inc. has appointed Erez Lorber as an independent member of its Board of Directors, effective immediately [1][2] Group 1: Appointment Details - Erez Lorber brings extensive technology expertise and a successful track record as an entrepreneur and senior executive [2] - Lorber's previous roles include CEO of Questar Auto Technologies and chief operating officer at Storedot, focusing on AI technology and fast-charging EV batteries [2] - He holds an undergraduate degree from Temple University and an MBA from Tel Aviv University [3] Group 2: Company Overview - Vishay Precision Group is a leader in precision measurement and sensing technologies, enhancing product performance across various markets [4]

Financial Data and Key Metrics Changes - The company reported Q2 2024 revenues of $77.4 million, which is 14.8% lower year-over-year and 4.2% lower sequentially [4] - Orders softened to $73.5 million from $75.3 million in Q1 2024, with a book-to-bill ratio of 0.95 [4] - Gross margin decreased to 41.9% from a record 43.4% in Q1 2024, reflecting lower sales [5][12] - Adjusted EBITDA was $10.2 million, representing 13.2% of revenue, down from $12.3 million or 15.3% in Q1 2024 [12] Business Segment Performance - **Sensors Segment**: Q2 revenue was $28.9 million, down 20.4% year-over-year and 1.9% sequentially. Advanced sensors grew 17% from Q1, while precision resistors saw lower sales, particularly in Asia [6][7] - **Weighing Solutions Segment**: Q2 sales were $27.4 million, down 12.2% year-over-year and 4.8% sequentially, primarily due to lower revenue in the transportation market [8] - **Measurement Systems Segment**: Q2 revenue was $21 million, down 9.6% year-over-year and 6.6% sequentially, with a book-to-bill ratio of 1.04 as orders improved 3.8% from Q1 [9] Market Data and Key Metrics Changes - Mixed trends were observed across markets, with growth in consumer-related applications and transportation, while test and measurement, avionic military, and industrial weighing saw lower orders [5] - The company expects the macro environment to remain stable through the end of 2024, with ongoing mixed trends in its markets [4] Company Strategy and Industry Competition - The company is focusing on strategic business development initiatives, particularly in advanced sensors for high-end bikes and medical robotics [7][22] - The capital allocation strategy includes organic growth, successful M&A, and stock repurchases, with $3.1 million of stock repurchased during the quarter [11] Management's Comments on Operating Environment and Future Outlook - Management anticipates an initial recovery in the second half of 2024, with a more optimistic outlook for 2025 based on discussions with large OEMs [18][26] - The company is excited about business development initiatives and the potential for significant revenue from new projects [22][29] Other Important Information - The company ended Q2 with $84.1 million in cash and cash equivalents and total debt of $31.9 million [14] - Adjusted free cash flow increased to $4.9 million from $4.2 million in Q1 2024 [12] Q&A Session Summary Question: Viability of revenue growth and margin expansion targets - Management believes the three to five-year plan remains viable despite market downturns, with expectations for recovery starting in 2025 [17][18] Question: M&A process progress - Management is optimistic about the M&A landscape improving, although no deals have been executed yet [19] Question: Trends in gross margin and SG&A - Management expects gross margin to remain sustainable and SG&A to be slightly higher in Q3 [20][21] Question: Future business opportunities - Management is excited about business development initiatives across various segments, including advanced sensors and medical robotics [22][29] Question: Revenue profile and weaker business segments - Management noted that expectations for recovery in certain markets have been pushed to 2025, particularly in precision agriculture and semiconductor test and measurement [25][26] Question: Impact of interest rates on end markets - Management confirmed that lower interest rates would positively influence capital-intensive markets like construction and precision agriculture [27] Question: Indicators of market recovery - Management expects the test and measurement segment to show initial signs of recovery by the end of the year [30][31]

Financial Performance - Net revenues for 2Q24 were $77.4 million, a 14.8% decrease year-over-year and a 4.2% decrease sequentially[8, 16] - Adjusted gross margin for 2Q24 was 41.9%, down from 42.7% year-over-year and 43.4% in 1Q24[9, 10, 16] - Adjusted net earnings per diluted share for 2Q24 were $0.31, compared to $0.42 in 1Q24[12, 16] - Adjusted EBITDA for 2Q24 was $10.2 million[13, 16] - End-of-period backlog was $104.9 million[15] Segment Performance - Sensors' 2Q24 revenues decreased 1.9% sequentially[19, 24] - Sensors' gross margin of 38.3% in 2Q24 increased from 36.5% sequentially[22, 24] - Weighing Solutions' 2Q24 revenues decreased 4.8% sequentially and 12.2% year-over-year[26, 31] - Weighing Solutions' gross margin was 37.6%, a decrease from 39.1%[29, 31] - Measurement Systems' 2Q24 revenues were $21.0 million, a 6.6% sequential decrease[33, 39] - Measurement Systems' gross margin was 52.4%, down from 58.1% sequentially[36, 39] Capital Allocation - The company repurchased 3.1 million of stock in 2Q24[42] - Since August 2022, the company has repurchased $14.5 million of common stock[42]

Vishay Precision (VPG) came out with quarterly earnings of $0.31 per share, missing the Zacks Consensus Estimate of $0.32 per share. This compares to earnings of $0.58 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -3.12%. 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 $0.42, delivering a surprise of 31.25%. Over the ...