Vishay Precision Group(VPG)

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Vishay Precision (VPG) Investor Presentation - Slideshow
2022-08-14 18:07
Vishay Precision Group Structured for Growth 849 t �� PERFORMANCE THROUGH PRECISION August 20221 Safe Harbor Statement From time to time, information provided by us, including, but not limited to, statements in this report, 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 cont ...
Vishay Precision Group(VPG) - 2022 Q2 - Earnings Call Transcript
2022-08-12 13:23
Vishay Precision Group, Inc. (NYSE:VPG) Q2 2022 Earnings Conference Call August 9, 2022 9:00 AM ET Company Participants Steve Cantor - Senior Director, Investor Relations Ziv Shoshani - President and Chief Executive Officer William Clancy - Executive Vice President and Chief Financial Officer Conference Call Participants John Franzreb - Sidoti & Company Bill Dezellem - Tieton Capital Hendi Susanto - Gabelli Funds Operator Hello, and welcome to VPG's Second Quarter 2022 Earnings Call. My name is Alex, and I' ...
Vishay Precision Group(VPG) - 2022 Q2 - Earnings Call Presentation
2022-08-12 10:50
| --- | --- | --- | --- | --- | --- | --- | |----------------------------------------------------------------------------|-------|-------|-------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Vishay Precision Group Second Fiscal Quarter 2022 Earnings August 9, 2022 | | | | | | | VPG) PERFORMANCE THROUGH PRECISION Safe Harbor Statement From time to time, information provided by us, including, but not limited to, statements in this press release, or other statement ...
Vishay Precision Group(VPG) - 2022 Q1 - Earnings Call Transcript
2022-05-14 17:42
Vishay Precision Group, Inc. (NYSE:VPG) Q1 2022 Results Conference Call May 10, 2022 9:00 AM ET Company Participants Steve Cantor - IR Ziv Shoshani - President and CEO William M. Clancy - EVP and CFO Conference Call Participants John Franzreb - Sidoti & Company Operator Good morning. Thank you for attending today's VPG First Quarter 2022 Earnings Call. My name is Hannah, and I will be your moderator for today's call. [Operator Instructions] I would now like to pass the conference over to our host, Steve Can ...
Vishay Precision Group (VPG) presents at Sidoti Spring 2022 Conference - Slideshow
2022-03-23 19:41
Vishay Precision Group Structured for Growth 849 t �� PERFORMANCE THROUGH PRECISION March 20221 Safe Harbor Statement From time to time, information provided by us, including, but not limited to, statements in this press release, 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 ou ...
Vishay Precision Group(VPG) - 2021 Q4 - Annual Report
2022-03-04 16:10
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______ to _______ Commission file number 1-34679 Vishay Precision Group, Inc. (Exact name of registrant as specified in its charter) Delaware 27-0986328 (State or other juri ...
Vishay Precision Group(VPG) - 2021 Q4 - Earnings Call Transcript
2022-02-16 19:03
Financial Data and Key Metrics Changes - In 2021, the company achieved a sales growth of 17.8% and an adjusted diluted EPS of $1.87, with an improved adjusted EBITDA margin of 15.7% compared to 14.1% in the previous year [4][26] - For Q4 2021, the company reported record sales of $90 million, a 19.3% increase compared to Q4 2020, and a 9.8% increase from Q3 2021 [26][13] - The adjusted gross margin for Q4 was 40.3%, down from 41.8% in Q3, while the operating margin was 11.4% [27][26] Business Line Data and Key Metrics Changes - The sensor segment reported Q4 revenue of $34.1 million, growing 11.2% sequentially and 7.1% year-over-year, with a book-to-bill ratio of 1.11 [15][13] - The weighing solutions segment had Q4 sales of $32.1 million, a 4.5% increase from Q3, with OEM revenue growing approximately 35% sequentially [18][19] - The measurement systems segment recorded Q4 revenue of $23.8 million, a 15.6% sequential increase and a 69.7% year-over-year increase, primarily due to the acquisition of DTS [21][11] Market Data and Key Metrics Changes - The company noted that demand for its solutions in the large truck market has improved, with expectations for supply shortages to ease in the second half of the year [20][19] - The company is experiencing growth in consumer markets, which were not addressed a few years ago, indicating a shift in market focus [7][6] Company Strategy and Development Direction - The company is transitioning from a vertical integration strategy to an operationally diversified structure with three distinct business pillars: sensors, weighing solutions, and measurement systems [9][8] - The new strategy aims to capitalize on expanding market opportunities and enhance long-term organic growth, targeting low double-digit revenue growth and adjusted gross margins of 45% [12][9] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in addressing labor challenges and supply chain constraints, with expectations for operational stability by Q2 2022 [36][62] - The company anticipates that price increases will begin to offset higher input costs, with an estimated $800,000 in price increases reported for Q4 [37][36] Other Important Information - The company plans to invest $30 million to $33 million in CAPEX for fiscal 2022, the highest level in its history, to support growth initiatives [24][29] - The company ended Q4 with $84.3 million in cash and cash equivalents, indicating a strong balance sheet to support business requirements and potential M&A opportunities [30][26] Q&A Session Summary Question: Revenue contribution from advanced sensor business for fiscal 2021 - The advanced sensor business contributed approximately $40 million in revenue for the full year [36] Question: Impact and timing of price increases - Price increases of around $800,000 were reported for Q4, with expectations for greater momentum moving into the year [37] Question: Capacity expansions in precision resistors and Force Sensors - The increase in capacity is driven by higher functionality demands from customers, particularly in 5G infrastructure and consumer applications [38] Question: Demand for onboard weighing systems in Europe - Demand is still driven by regulations, with expectations for improved order intake in the second half of the year as supply shortages ease [42] Question: Organic growth and M&A activity expectations - Organic growth is expected to be in the high single digits, with M&A activity anticipated to accelerate due to more reasonable valuations in the current environment [46][52] Question: Margin expansion glide path - The company expects to achieve margin targets through increased volume and operational efficiencies, aiming for adjusted gross margins of 45% over the next three to five years [50] Question: New applications contributing to revenue - New applications in consumer markets and other areas are contributing tens of millions in revenue, which did not exist five years ago [57] Question: Efficiency of advanced sensor plant - The company expects to resolve inefficiencies and achieve operational stability by mid-year, with excess equipment capacity planned [62] Question: Inventory declines in measurement systems and weighing solutions - Inventory declines were due to strong sales and delivery cycles, not intentional reductions or supply chain issues [63][65]
Vishay Precision Group(VPG) - 2021 Q4 - Earnings Call Presentation
2022-02-16 12:26
Vishay Precision Group Fourth Fiscal Quarter 2021 Earnin February 16, 2022 ctf8 �� Safe Harbor Statement From time to time, information provided by us, including, but not limited to, statements in this press release, 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, wh ...
Vishay Precision Group(VPG) - 2021 Q3 - Earnings Call Transcript
2021-11-11 21:15
Vishay Precision Group, Inc. (NYSE:VPG) Q3 2021 Earnings Conference Call November 11, 2021 10:00 AM ET Company Participants Steve Cantor - IR Ziv Shoshani - CEO Bill Clancy - CFO Conference Call Participants John Franzreb - Sidoti & Company Sarkis Sherbetchyan - B. Riley Securities Dick Ryan - Colliers Matt Dhane - Tieton Capital Management Operator Good morning, and welcome to the VPG Third Quarter 2021 Earnings Conference Call. All participants will be in a listen-only mode. [Operator Instructions] After ...
Vishay Precision Group(VPG) - 2021 Q2 - Earnings Call Presentation
2021-08-10 18:25
| --- | --- | |--------------------------------------------------------------------------------------------------------------------|-------| | | | | | | | | | | | | | Vishay Precision Group PERFORMANCE THROUGH PRECISION VPG Second Fiscal Quarter 2021 Earnings — August 10, 2021 | | | PERFORMANCE THROUGH PRECISION | | Safe Harbor Statement From time to time, information provided by us, including but not limited to statements in this report, or other statements made by or on our behalf, may contain "forwardloo ...