Vishay Precision Group Inc Stock Price, News & Analysis

Vishay Precision Group (VPG) reported fiscal 2024 third quarter results with revenues of $75.7 million, showing an 11.8% decrease year-over-year. The company experienced a net loss of $(1.4) million, or $(0.10) per diluted share, compared to earnings of $6.3 million, or $0.46 per share in Q3 2023. Operating margin declined to 5.1% from 9.6%, while gross profit margin decreased to 40.0% from 41.9%. Total orders were $68.6 million with a book-to-bill ratio of 0.91. The company expects Q4 2024 revenues between $70-78 million. Performance was impacted by soft cyclical markets in steel and consumer sectors, while test and measurement and avionics showed improvement.

Vishay Precision Group (NYSE: VPG), a leader in precision measurement and sensing technologies, has announced the date for its Third Quarter Fiscal 2024 Earnings Conference Call. The company will release its financial results on Tuesday, November 5, 2024, before the market opens. CEO Ziv Shoshani and CFO Bill Clancy will host a conference call at 9:00 a.m. U.S. eastern time on the same day.

Interested parties can access the call by dialing 1-833-470-1428 (U.S.) or +1-404-975-4839 (international) using passcode 148407. A live webcast will be available on the VPG website's investor relations section. A replay will be accessible via phone and on the company's website for a time after the call.

Vishay Precision Group (NYSE: VPG) has released its inaugural Sustainability Report, highlighting the company's Environmental, Social, and Governance (ESG) efforts from 2022 to 2023. The report showcases key achievements in areas such as energy management, product quality, business ethics, and information security.

Notable accomplishments include:

• 13% reduction in electrical energy use intensity from 2021 baseline
• Zero product recalls for potential manufacturing or design defects in 2023
• Updated Anti-Bribery and Anti-Corruption policies with senior-level employee training in 2023
• Zero material information security breaches, penalties, or settlements in 2023

CEO Ziv Shoshani emphasized that this report marks a significant milestone in VPG's sustainability journey, reflecting the company's commitment to integrity and honesty. The full report is available on VPG's website.

Vishay Precision Group (VPG) has acquired Nokra Optische Prueftechnik & Automation GmbH, a German manufacturer of precision measuring and testing equipment. This acquisition enhances VPG's productivity solutions for the steel and metal processing industries. Nokra's laser-based measuring systems complement VPG's existing KELK measurement and inspection solutions for steel and aluminum rolling mills.

The acquisition aligns with VPG's long-term strategy to address growing opportunities in optimized production and quality control solutions. Nokra's systems offer a high-value alternative to existing technologies in the market, providing precise measurements of thickness, flatness, contour, width, and 3D profiles of various metals in both inline and offline production settings. The terms of the transaction were not disclosed.

Vishay Precision Group (VPG), a leader in precision measurement and sensing technologies, has announced its participation in the Sidoti September 2024 Small-Cap Investor Virtual Conference. The company will present on Thursday, September 19, 2024 at 10:45 a.m. ET.

A live and on-demand webcast of VPG's presentation will be accessible to the public through a dedicated link or via the company's website. Interested parties can access the webcast at https://sidoti.zoom.us/webinar/VPG or ir.vpgsensors.com/events.

For additional information or assistance in arranging one-on-one meetings during the conference, interested parties are encouraged to contact VPG at info@vpgsensors.com.

Vishay Precision Group (NYSE: VPG), a leader in precision measurement and sensing technologies, has appointed Erez Lorber as an independent director to its Board, effective immediately. Lorber brings extensive technology expertise and entrepreneurial success to VPG. His background includes serving as CEO of Questar Auto Technologies (2020-2023), COO at Storedot (2015-2020), and CEO roles at BackWeb Technologies, Tri-Logical Technologies, and Deloitte Consulting of Israel. Lorber currently serves on the board of CIPIA and previously held directorships at CopperGate and FlashNetworks. He holds a degree from Temple University and an MBA from Tel Aviv University.

Vishay Precision Group (NYSE: VPG), a leader in precision measurement and sensing technologies, has announced its participation in the Jefferies 2024 Industrials Conference. The event is scheduled for September 4, 2024, at 11:35 a.m. ET in New York, NY.

Investors and interested parties can access a live and on-demand webcast of VPG's presentation through the provided link or the company's website. VPG is also offering opportunities for one-on-one meetings during the conference, which can be arranged by contacting info@vpgsensors.com.

This presentation at a major industrial conference provides VPG with a platform to showcase its technologies and connect with potential investors and industry professionals.

Vishay Precision Group (NYSE: VPG) reported its fiscal 2024 second quarter results, showing a 14.8% decrease in revenues to $77.4 million compared to the previous year. The company's gross profit margin slightly declined to 41.9% from 42.6% a year ago. Operating margin decreased to 7.6% from 13.0%, while diluted earnings per share fell to $0.34 from $0.60. Despite challenging market conditions, VPG maintained a strong balance sheet and solid cash flow, focusing on cost-reduction initiatives and strategic business development. The company's book-to-bill ratio improved slightly to 0.95, with orders of $73.5 million. For the third fiscal quarter of 2024, VPG expects net revenues between $70 million and $78 million at constant second fiscal quarter 2024 foreign currency exchange rates.

Vishay Precision Group (NYSE: VPG), a leader in precision measurement and sensing technologies, has announced its second quarter fiscal 2024 earnings conference call scheduled for August 6, 2024. The company will release its financial results before the market opens, followed by a conference call at 9:00 a.m. U.S. eastern time. CEO Ziv Shoshani and CFO Bill Clancy will host the call.

Interested parties can access the call by dialing 1-833-470-1428 (U.S.) or +1-404-975-4839 (international) with passcode 707756. A live webcast will be available on the VPG website's investor relations section. A replay will be accessible via phone and on the company's website for a time after the call.