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VPG Reports Fiscal 2025 First Quarter Results
VPGVishay Precision Group(VPG) GlobeNewswire·2025-05-06 10:15

Core Insights - Vishay Precision Group, Inc. (VPG) reported a net loss of 0.9million,or0.9 million, or 0.07 per diluted share, for the first fiscal quarter of 2025, a significant decline from net earnings of 5.9million,or5.9 million, or 0.44 per diluted share, in the same period last year [2][20]. Financial Performance - Total orders for the first fiscal quarter were 74.4million,reflectinga2.774.4 million, reflecting a 2.7% sequential growth and a book-to-bill ratio of 1.04, indicating a positive order intake trend [1]. - Adjusted net earnings for the first fiscal quarter were 0.5 million, or 0.04peradjusteddilutedshare,downfrom0.04 per adjusted diluted share, down from 5.7 million, or 0.42peradjusteddilutedshare,inthefirstfiscalquarterof2024[3][20].SegmentPerformanceTheSensorssegmentreportedrevenueof0.42 per adjusted diluted share, in the first fiscal quarter of 2024 [3][20]. Segment Performance - The Sensors segment reported revenue of 27.1 million, an 8.0% decrease year-over-year but a 5.1% increase sequentially [4]. - The Weighing Solutions segment generated revenue of 26.4million,down8.326.4 million, down 8.3% year-over-year but up 2.7% sequentially [6][7]. - The Measurement Systems segment saw revenue decline by 19.0% year-over-year to 18.2 million, with a 13.8% decrease compared to the previous quarter [9]. Profitability Metrics - Gross profit margin for the overall company was 37.7%, down from 43.4% in the first fiscal quarter of 2024 [20]. - The adjusted gross margin for the Sensors segment was 30.8%, while the Weighing Solutions segment reported an adjusted gross margin of 37.8% [5][8]. - EBITDA for the first fiscal quarter was 3.3million,withanEBITDAmarginof4.63.3 million, with an EBITDA margin of 4.6%, compared to 12.8 million and 15.8% in the same quarter last year [29]. Cash Flow and Balance Sheet - Cash from operating activities was 5.3million,withadjustedfreecashflowof5.3 million, with adjusted free cash flow of 3.7 million for the first fiscal quarter [6][13]. - The company’s total assets as of March 29, 2025, were 453.8million,slightlyupfrom453.8 million, slightly up from 450.9 million at the end of 2024 [21][23]. Outlook - The company anticipates net revenues for the second fiscal quarter of 2025 to be in the range of 70millionto70 million to 76 million, assuming constant foreign currency exchange rates from the first fiscal quarter [11].