Vishay Precision Group(US:VPG)2025-02-12 18:43Financial Performance - Fiscal Year 2024 - Net revenues for fiscal year 2024 were $306.5 million, a 13.7% decrease compared to $355.0 million in 2023 [5] - Adjusted gross margin was 41.0% in both 2024 and 2023 [5] - Adjusted net earnings per diluted share decreased to $0.95 in 2024 from $2.17 in 2023 [5] - Adjusted EBITDA decreased to $35.7 million in 2024 from $60.4 million in 2023 [5] - Adjusted free cash flow decreased to $11.3 million in 2024 from $30.8 million in 2023 [5] - End-of-period backlog decreased to $96.2 million in 2024 from $117.3 million in 2023 [5] Financial Performance - Fourth Quarter 2024 - Net revenues for 4Q24 were $72.7 million, a decrease from $89.5 million in 4Q23 and $75.7 million in 3Q24 [7] - Adjusted gross margin was 38.3% in 4Q24, compared to 43.0% in 4Q23 and 40.0% in 3Q24 [7] - Adjusted net earnings per diluted share were $0.03 in 4Q24, compared to $0.61 in 4Q23 and $0.19 in 3Q24 [7] - Adjusted EBITDA was $5.1 million in 4Q24, compared to $16.5 million in 4Q23 and $8.1 million in 3Q24 [7] - Book-to-bill ratio improved to 1.00 in 4Q24 from 0.84 in 4Q23 and 0.91 in 3Q24 [7] Segment Highlights - Fourth Quarter 2024 - Sensors segment: Net revenues decreased to $25.8 million in 4Q24 from $34.3 million in 4Q23, with a book-to-bill ratio of 1.04 [9] - Weighing Solutions segment: Net revenues decreased to $25.7 million in 4Q24 from $30.4 million in 4Q23, with a book-to-bill ratio of 1.12 [11] - Measurement Systems segment: Net revenues decreased to $21.2 million in 4Q24 from $24.8 million in 4Q23, with a book-to-bill ratio of 0.78 [13] Strategic Priorities for 2025 - Continue focusing on initiatives to capture new customers and new market applications [14] - Implementing a minimum of $5 million of additional annual cost reductions in 2025 [17] - Continue to look for attractive, high-quality businesses to add to VPG platform [15]