Group 1 - Vishay Precision Group, Inc. has appointed Nava Swersky Sofer as an independent member of its Board of Directors, effective immediately [1] - Saul Reibstein, Chairman of the Board, expressed that Nava's experience in technology and innovation will bring valuable perspective to VPG [2] - Nava Sofer is a recognized strategic consultant and venture capitalist with extensive experience in innovation and technology commercialization [2] Group 2 - Ms. Sofer has lectured on innovation and entrepreneurship globally and has consulted for various governmental organizations and financial institutions since 2009 [2] - She served as president and CEO of Yissum Hebrew University of Jerusalem Technology Transfer from 2005 to 2009, managing the university's intellectual property [2] - Her previous roles include being a partner at venture capital firms in California and Israel from 1995 to 2005 and serving as vice president at Novartis from 1991 to 1996 [2] Group 3 - Vishay Precision Group is a leader in precision measurement and sensing technologies, enhancing product performance across various markets [3] - The company's solutions aim to make the world safer, smarter, and more productive [3]

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]

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]

MALVERN, Pa., Aug. 08, 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 Jefferies 2024 Industrials Conference in New York, NY on Wednesday, September 4, 2024 at 11:35 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://wsw.com/webcast/jeff303/vpg/1705725, or on VPG's website: ir.vpgsensors.com ...