VPG Reports Fiscal 2025 Fourth Quarter and Twelve Months Results
Rhea-AI Summary
Vishay Precision Group (NYSE: VPG) reported fiscal 2025 fourth-quarter and full-year results for the period ended December 31, 2025. Q4 revenue was $80.6M (+10.9% YoY) with adjusted EBITDA of $6.0M and adjusted diluted EPS of $0.07. Full-year revenue was $307.2M (+0.2% YoY) and adjusted EBITDA was $28.2M. Management cited inventory reductions, product-mix effects and foreign-exchange impacts in Q4 and set 2026 objectives: mid- to high-single-digit revenue growth, 20% bookings growth from initiatives, and ~$6M cost reductions. Q1 2026 revenue guidance at constant FX: $74M–$80M.
Positive
- Q4 revenue increased by 10.9% YoY to $80.6 million
- Sensors segment revenue rose 18.0% YoY to $30.4 million
- Q4 adjusted diluted EPS improved to $0.07 from $0.03 year-ago
- Orders hit $81.3M in Q4 with a book-to-bill of 1.01
- Company exceeded its 2025 growth initiative target with $37.8M in related orders
Negative
- Full-year adjusted diluted EPS declined from $0.95 to $0.49
- Full-year gross profit margin fell by 210 bps to 38.9%
- Adjusted operating margin declined from 6.0% to 3.7% (230 bps)
- Q4 margins were negatively impacted by approximately $3.4M from mix, inventory and FX
Key Figures
Market Reality Check
Peers on Argus
VPG was down 2.69% while key peers showed mixed, mostly small moves (e.g., MLAB +0.45%, FARO +0.43%, ITRN -1.65%), suggesting the action was stock-specific rather than a sector-wide move.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| 2026-01-14 | Earnings call date | Neutral | +0.8% | Scheduled Q4 2025 earnings release and conference call before market open. |
| 2025-11-05 | Investor conference | Neutral | +1.1% | Announced presentation and 1x1 meetings at Southwest IDEAS conference. |
| 2025-11-04 | Leadership changes | Positive | -6.1% | Created two new C-suite roles and appointed experienced executives. |
| 2025-11-04 | Q3 2025 earnings | Positive | -6.1% | Reported Q3 revenue and margin improvement with strong EPS and EBITDA. |
| 2025-10-15 | Earnings call date | Neutral | +11.5% | Announced timing and access details for Q3 2025 earnings call. |
Recent history shows that clearly positive fundamental updates (Q3 beat, new C‑suite roles) were followed by notable share price declines around -6.1%, while neutral items like conference call announcements often saw modest gains.
Over the last few months, VPG has issued a mix of operational and investor‑relations updates. The Q3 2025 results on 2025-11-04 showed higher revenues and margins, yet the stock fell about 6.1%. The same day, new C‑suite roles were announced and shared the same negative price reaction. In contrast, conference and earnings‑date announcements on 2025-10-15 and 2026-01-14 were associated with modest to strong gains. Today’s full‑year and Q4 2025 report adds detail on revenue growth but also margin and EPS compression.
Market Pulse Summary
This announcement details fiscal 2025 and Q4 results, with Q4 revenue of $80.6 million up 10.9% year-over-year but full‑year adjusted EPS declining to $0.49 from $0.95. Margins compressed versus 2024 even as 2025 revenue edged up to $307.2 million. Management also set 2026 objectives for mid‑ to high‑single digit revenue growth, about $6 million of cost reductions, and stronger bookings from growth initiatives. Investors may track margin trends, Sensors and Measurement Systems performance, and order momentum relative to these goals.
Key Terms
adjusted gross profit margin financial
adjusted operating margin financial
adjusted net earnings financial
ebitda financial
adjusted ebitda financial
adjusted free cash flow financial
book-to-bill financial
non-gaap financial
AI-generated analysis. Not financial advice.
CHESTERBROOK, Pa., Feb. 11, 2026 (GLOBE NEWSWIRE) -- Vishay Precision Group, Inc. (NYSE: VPG), a leader in precision measurement technologies, today announced its results for its fiscal 2025 fourth quarter and twelve fiscal months ended December 31, 2025.
Fourth Quarter Highlights:
- Revenues of
$80.6 million increased10.9% from a year ago - Gross profit margin was
36.8% , as compared to38.2% a year ago - Adjusted gross profit margin* was
37.0% , as compared to38.3% a year ago - Operating margin was
1.3% , as compared to0.3% reported a year ago - Adjusted operating margin* was
2.3% , as compared to0.8% reported a year ago - Diluted net loss per share was
$0.14 , as compared to diluted net earnings per share of$ 0.06 reported a year ago - Adjusted diluted net earnings per share* were
$ 0.07 , as compared to$ 0.03 reported a year ago - Adjusted EBITDA* was
$6.0 million with an adjusted EBITDA margin* of7.5% - Cash from operating activities was
$4.4 million with adjusted free cash flow* of$1.3 million
2025 Full Year Highlights:
- Revenues of
$307.2 million increased0.2% year-over-year - Gross profit margin was
38.9% , as compared to41.0% a year ago - Adjusted gross profit margin* was
39.2% , as compared to41.0% a year ago - Operating margin was
4.5% , as compared to5.5% reported last year - Adjusted operating margin* was
3.7% , as compared to6.0% reported last year - Diluted net earnings per share were
$ 0.40 , as compared to$ 0.74 reported a year ago - Adjusted diluted net earnings per share* were
$ 0.49 , as compared to$ 0.95 reported a year ago - Adjusted EBITDA* was
$28.2 million with an adjusted EBITDA margin* of9.2% - Cash from operating activities was
$14.4 million with adjusted free cash flow* of$17.3 million
Ziv Shoshani, Chief Executive Officer of VPG, commented, "In the fourth quarter we achieved continued improvement in sales and orders. Sales grew
“Our fourth-quarter adjusted gross margin was significantly impacted by
Mr. Shoshani continued: "2025 was a year of change and progress for VPG. Orders related to our growth initiatives, including components for humanoid robots, reached
The Company's fourth fiscal quarter 2025 net loss attributable to VPG stockholders was
In the fiscal year ended December 31, 2025, net earnings attributable to VPG stockholders were
The fourth fiscal quarter 2025 adjusted net earnings* attributable to VPG stockholders were
In the fiscal year ended December 31, 2025, adjusted net earnings* attributable to VPG stockholders were
Segment Performance
The Sensors segment bookings in the fourth fiscal quarter of 2025 reached their highest level since 2022, reflecting strengthening demand mainly in Test & Measurement.
The Sensors segment revenues of
Adjusted gross profit margin* for the Sensors segment was
In the fourth fiscal quarter of 2025, Weighing Solutions segment orders reached their highest quarterly level in fiscal 2025 and achieved a book-to-bill of 1.02.
The Weighing Solutions segment revenues of
Gross profit margin for the Weighing Solutions segment was
The Measurement Systems segment in the fourth fiscal quarter of 2025 delivered adjusted gross margin* expansion above
The Measurement Systems segment revenues of
Gross profit margin for the Measurement Systems segment was
2026 Key Objectives
The Company's key objectives for fiscal 2026 are:
- Mid- to high-single digit year-over-year revenue growth.
20% year-over-year growth in bookings from business development initiatives.- Approximately
$6 million of planned cost-reductions.
Near-Term Outlook
“For the first fiscal quarter of 2026 at constant fourth fiscal quarter 2025 exchange rates, we expect net revenues to be in the range of
*Use of Non-GAAP Financial Information
We define “adjusted gross profit margin” as gross profit margin before start-up costs and acquisition purchase accounting adjustments. We define “adjusted operating margin” as operating margin before start-up costs, acquisition purchase accounting adjustments, acquisition costs, restructuring costs, severance costs, and gain on sale of asset held for sale. We define “adjusted net earnings” and “adjusted diluted net earnings per share” as net earnings attributable to VPG stockholders before start-up costs, acquisition purchase accounting adjustments, acquisition costs, restructuring costs, severance costs, foreign currency exchange gains and losses, and gain on sale of asset held for sale and tax effect of reconciling items and discrete tax items. We define “EBITDA” as earnings before interest, taxes, depreciation, amortization. We define “Adjusted EBITDA” as earnings before interest, taxes, depreciation, amortization, restructuring costs, severance costs, start-up costs, acquisition purchase accounting adjustments, acquisition costs, foreign currency exchange gains and losses, and gain on asset held for sale.
"Adjusted free cash flow" for the fourth fiscal quarter of 2025 is defined as the amount of cash generated from operating activities (
Management believes that these non-GAAP measures are useful to investors because each presents what management views as our core operating results for the relevant period. The adjustments to the applicable GAAP measures relate to occurrences or events that are outside of our core operations, and management believes that the use of these non-GAAP measures provides a consistent basis to evaluate our operating profitability and performance trends across comparable periods. These reconciling items are indicated on the accompanying reconciliation schedules and are more fully described in VPG’s financial statements presented in our Annual Report on Form 10-K and Quarterly Reports on Forms 10-Q.
Conference Call and Webcast
A conference call is scheduled for Wednesday, February 11, 2026 at 9:00 a.m. ET (8:00 a.m. CT). To access the conference call, interested parties may call 1-833-470-1428 or internationally +1-646-844-6383 and use passcode 734319, or log on to the investor relations page of the VPG website at ir.vpgsensors.com.
A replay will be available approximately one hour after the completion of the call by calling toll-free 1-866-813-9403 or internationally +1-929-458-6194 and using the passcode 594573. The replay will also be available on the investor relations page of the VPG website at ir.vpgsensors.com for a limited time.
About VPG
Vishay Precision Group, Inc. (VPG) is a leader in precision measurement sensing technologies. Our sensors, weighing solutions and measurement systems optimize and enhance our customers’ product performance across a broad array of markets to make our world safer, smarter, and more productive. To learn more, visit VPG at www.vpgsensors.com and follow us on LinkedIn.
Forward-Looking Statements
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, which may cause actual results, performance, or achievements to differ materially from those anticipated.
Such statements are based on current expectations only, and are subject to certain risks, uncertainties, and assumptions. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated, expected, estimated, or projected. Among the factors that could cause actual results to materially differ include: general business and economic conditions; impact of inflation; potential issues respecting the United States federal government debt ceiling; global labor and supply chain challenges; difficulties or delays in identifying, negotiating and completing acquisitions and integrating acquired companies; the inability to realize anticipated synergies and expansion possibilities; difficulties in new product development; changes in competition and technology in the markets that we serve and the mix of our products required to address these changes; changes in foreign currency exchange rates; political, economic, and health (including pandemics) instabilities; instability caused by military hostilities in the regions or countries in which we operate (including Israel); difficulties in implementing our cost reduction strategies, such as underutilization of production facilities, labor unrest or legal challenges to our lay-off or termination plans, operation of redundant facilities due to difficulties in transferring production to achieve efficiencies; compliance issues under applicable laws, such as export control laws, including the outcome of our voluntary self-disclosure of export control non-compliance; significant developments from the recent and potential changes in tariffs and trade regulation; our ability to execute our new corporate strategy and business continuity, operational and budget plans; and other factors affecting our operations, markets, products, services, and prices that are set forth in our Annual Report on Form 10-K for the fiscal year ended December 31, 2024. We caution you not to place undue reliance on forward-looking statements, which speak only as of the date of this report or as of the dates otherwise indicated in such forward-looking statements. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.
Contact:
Steve Cantor
Vishay Precision Group, Inc.
781-222-3516
info@vpgsensors.com
| VISHAY PRECISION GROUP, INC. Consolidated Statements of Operations (Unaudited - In thousands, except per share amounts) | ||||||||
| Fiscal quarter ended | ||||||||
| December 31, 2025 | December 31, 2024 | |||||||
| Net revenues | $ | 80,573 | $ | 72,653 | ||||
| Costs of products sold | 50,907 | 44,882 | ||||||
| Gross profit | 29,666 | 27,771 | ||||||
| Gross profit margin | 36.8 | % | 38.2 | % | ||||
| Selling, general, and administrative expenses | 27,929 | 27,273 | ||||||
| Acquisition costs | — | 101 | ||||||
| Restructuring costs | 697 | 198 | ||||||
| Operating income | 1,040 | 199 | ||||||
| Operating margin | 1.3 | % | 0.3 | % | ||||
| Other (expense) income : | ||||||||
| Interest expense | (412 | ) | (587 | ) | ||||
| Other | (1,332 | ) | 2,297 | |||||
| Other (expense) income - net | (1,744 | ) | 1,710 | |||||
| (Loss) Income before taxes | (704 | ) | 1,910 | |||||
| Income tax expense | 1,235 | 1,222 | ||||||
| Net loss (earning) | (1,939 | ) | 688 | |||||
| Less: net loss attributable to noncontrolling interests | (68 | ) | (80 | ) | ||||
| Net loss (earnings) attributable to VPG stockholders | $ | (1,871 | ) | $ | 768 | |||
| Basic (loss) earnings per share attributable to VPG stockholders | $ | (0.14 | ) | $ | 0.06 | |||
| Diluted (loss) earnings per share attributable to VPG stockholders | $ | (0.14 | ) | $ | 0.06 | |||
| Weighted average shares outstanding - basic | 13,279 | 13,293 | ||||||
| Weighted average shares outstanding - diluted | 13,279 | 13,252 | ||||||
| VISHAY PRECISION GROUP, INC. Consolidated Statements of Operations (Unaudited - In thousands, except per share amounts) | ||||||||
| Years ended | ||||||||
| December 31, 2025 | December 31, 2024 | |||||||
| Net revenues | $ | 307,202 | $ | 306,522 | ||||
| Costs of products sold | 187,772 | 180,990 | ||||||
| Gross profit | 119,430 | 125,532 | ||||||
| Gross profit margin | 38.9 | % | 41.0 | % | ||||
| Selling, general, and administrative expenses | 109,637 | 107,505 | ||||||
| Acquisition costs | — | 101 | ||||||
| Gain on asset held for sale | (5,544 | ) | — | |||||
| Restructuring costs | 1,490 | 1,062 | ||||||
| Operating income | 13,847 | 16,864 | ||||||
| Operating margin | 4.5 | % | 5.5 | % | ||||
| Other expense: | ||||||||
| Interest expense | (1,937 | ) | (2,512 | ) | ||||
| Other | (3,114 | ) | 3,212 | |||||
| Other expense - net | (5,051 | ) | 700 | |||||
| Income before taxes | 8,796 | 17,564 | ||||||
| Income tax expense | 3,454 | 7,730 | ||||||
| Net earnings | 5,342 | 9,834 | ||||||
| Less: net earnings (loss) attributable to noncontrolling interests | 49 | (77 | ) | |||||
| Net earnings attributable to VPG stockholders | $ | 5,293 | $ | 9,911 | ||||
| Basic earnings per share attributable to VPG stockholders | $ | 0.40 | $ | 0.74 | ||||
| Diluted earnings per share attributable to VPG stockholders | $ | 0.40 | $ | 0.74 | ||||
| Weighted average shares outstanding - basic | 13,261 | 13,353 | ||||||
| Weighted average shares outstanding - diluted | 13,314 | 13,386 | ||||||
| VISHAY PRECISION GROUP, INC. Consolidated Balance Sheets (In thousands, except per share amounts) | ||||||||
| December 31, 2025 | December 31, 2024 | |||||||
| (Unaudited) | ||||||||
| Assets | ||||||||
| Current assets: | ||||||||
| Cash and cash equivalents | $ | 87,366 | $ | 79,272 | ||||
| Accounts receivable | 56,348 | 51,200 | ||||||
| Inventories: | ||||||||
| Raw materials | 32,760 | 33,013 | ||||||
| Work in process | 25,794 | 27,187 | ||||||
| Finished goods | 24,269 | 23,960 | ||||||
| Inventories | 82,823 | 84,160 | ||||||
| Prepaid expenses and other current assets | 20,425 | 17,088 | ||||||
| Assets held for sale | — | 5,229 | ||||||
| Total current assets | 246,962 | 236,949 | ||||||
| Property and equipment: | ||||||||
| Land | 2,382 | 2,316 | ||||||
| Buildings and improvements | 78,737 | 68,125 | ||||||
| Machinery and equipment | 137,230 | 132,938 | ||||||
| Software | 11,692 | 10,351 | ||||||
| Construction in progress | 4,162 | 11,246 | ||||||
| Accumulated depreciation | (158,123 | ) | (145,475 | ) | ||||
| Property and equipment, net | 76,080 | 79,501 | ||||||
| Goodwill | 47,367 | 46,819 | ||||||
| Intangible assets, net | 38,227 | 41,815 | ||||||
| Operating lease right-of-use assets | 22,892 | 24,316 | ||||||
| Other assets | 24,361 | 21,535 | ||||||
| Total assets | $ | 455,889 | $ | 450,935 | ||||
| VISHAY PRECISION GROUP, INC. Consolidated Balance Sheets (In thousands, except per share amounts) | ||||||||
| December 31, 2025 | December 31, 2024 | |||||||
| (Unaudited) | ||||||||
| Liabilities and equity | ||||||||
| Current liabilities: | ||||||||
| Trade accounts payable | $ | 10,530 | $ | 9,890 | ||||
| Payroll and related expenses | 19,569 | 18,546 | ||||||
| Other accrued expenses | 20,833 | 19,725 | ||||||
| Income taxes | — | 880 | ||||||
| Current portion of operating lease liabilities | 4,347 | 3,998 | ||||||
| Total current liabilities | 55,279 | 53,039 | ||||||
| Long-term debt | 20,583 | 31,441 | ||||||
| Deferred income taxes | 3,834 | 3,779 | ||||||
| Operating lease liabilities | 19,547 | 19,928 | ||||||
| Other liabilities | 14,200 | 14,193 | ||||||
| Accrued pension and other postretirement costs | 6,219 | 6,695 | ||||||
| Total liabilities | 119,662 | 129,075 | ||||||
| Commitments and contingencies | ||||||||
| Equity: | ||||||||
| Preferred stock, par value | — | — | ||||||
| Common stock, par value | 1,340 | 1,336 | ||||||
| Class B convertible common stock, par value | 103 | 103 | ||||||
| Treasury stock, at cost - 1,137,995 shares held at December 31, 2025 and December 31, 2024 | (25,335 | ) | (25,335 | ) | ||||
| Capital in excess of par value | 204,360 | 202,783 | ||||||
| Retained earnings | 197,271 | 191,977 | ||||||
| Accumulated other comprehensive loss | (41,367 | ) | (48,897 | ) | ||||
| Total Vishay Precision Group, Inc. stockholders' equity | 336,372 | 321,967 | ||||||
| Noncontrolling interests | (145 | ) | (107 | ) | ||||
| Total equity | 336,227 | 321,860 | ||||||
| Total liabilities and equity | $ | 455,889 | $ | 450,935 | ||||
| VISHAY PRECISION GROUP, INC. Consolidated Statements of Cash Flows (Unaudited - In thousands) | ||||||||
| Years ended | ||||||||
| December 31, 2025 | December 31, 2024 | |||||||
| Operating activities | ||||||||
| Net earnings | $ | 5,342 | $ | 9,834 | ||||
| Adjustments to reconcile net earnings to net cash provided by operating activities: | ||||||||
| Depreciation and amortization | 15,921 | 15,805 | ||||||
| Loss (gain) on disposal of property and equipment | 66 | (148 | ) | |||||
| Gain on asset held for sale | (5,544 | ) | — | |||||
| Share-based compensation expense | 1,792 | 971 | ||||||
| Inventory write-offs for obsolescence | 2,466 | 2,352 | ||||||
| Deferred income taxes | (1,805 | ) | 69 | |||||
| Foreign currency impacts and other items | 1,129 | (3,249 | ) | |||||
| Net changes in operating assets and liabilities, net of acquisition: | ||||||||
| Accounts receivable | (3,141 | ) | 3,244 | |||||
| Inventories | 972 | 2,139 | ||||||
| Prepaid expenses and other current assets | (2,779 | ) | (3,962 | ) | ||||
| Trade accounts payable | 402 | (416 | ) | |||||
| Other current liabilities | 447 | (5,634 | ) | |||||
| Other non current assets and liabilities, net | (816 | ) | (760 | ) | ||||
| Accrued pension and other postretirement costs, net | (70 | ) | (430 | ) | ||||
| Net cash provided by operating activities | 14,382 | 19,815 | ||||||
| Investing activities | ||||||||
| Capital expenditures | (8,031 | ) | (9,163 | ) | ||||
| Proceeds from sale of property and equipment | 10,932 | 671 | ||||||
| Purchase of business | — | (4,409 | ) | |||||
| Net cash provided by (used in) investing activities | 2,901 | (12,901 | ) | |||||
| Financing activities | ||||||||
| Debt issuance costs | — | (570 | ) | |||||
| Payments on revolving facility | (11,000 | ) | — | |||||
| Purchase of treasury stock | — | (7,815 | ) | |||||
| Distributions to noncontrolling interests | (87 | ) | (113 | ) | ||||
| Payment of excise tax on net share repurchases | (60 | ) | (41 | ) | ||||
| Payments of employee taxes on certain share-based arrangements | (256 | ) | (860 | ) | ||||
| Net cash used in financing activities | (11,403 | ) | (9,399 | ) | ||||
| Effect of exchange rate changes on cash and cash equivalents | 2,214 | (2,208 | ) | |||||
| Increase in cash and cash equivalents | 8,094 | (4,693 | ) | |||||
| Cash and cash equivalents at beginning of year | 79,272 | 83,965 | ||||||
| Cash and cash equivalents at end of year | $ | 87,366 | $ | 79,272 | ||||
| Supplemental disclosure of investing transactions: | ||||||||
| Capital expenditures accrued but not yet paid | $ | 872 | $ | 949 | ||||
| Supplemental disclosure of financing transactions: | ||||||||
| Excise tax on net share repurchases accrued but not yet paid | $ | — | $ | 60 | ||||
| VISHAY PRECISION GROUP, INC. Reconciliation of Consolidated Adjusted Gross Profit, Operating Income, Net Earnings Attributable to VPG Stockholders and Diluted Earnings Per Share (Unaudited - In thousands except per share data) | ||||||||||||||||||||||||||||||||
| Gross Profit | Operating Income | Net Earnings Attributable to VPG Stockholders | Diluted Earnings Per share | |||||||||||||||||||||||||||||
| Fiscal Year Ended December 31, | 2025 | 2024 | 2025 | 2024 | 2025 | 2024 | 2025 | 2024 | ||||||||||||||||||||||||
| As reported - GAAP | $ | 119,430 | $ | 125,532 | $ | 13,847 | $ | 16,864 | $ | 5,293 | $ | 9,911 | $ | 0.40 | $ | 0.74 | ||||||||||||||||
| As reported - GAAP Margins | 38.9 | % | 41.0 | % | 4.5 | % | 5.5 | % | — | — | — | — | ||||||||||||||||||||
| Start-up costs (a) | 757 | — | 757 | — | 757 | — | 0.06 | — | ||||||||||||||||||||||||
| Acquisition purchase accounting adjustments (b) | 221 | 79 | 221 | 79 | 221 | 79 | 0.02 | 0.01 | ||||||||||||||||||||||||
| Acquisition costs (c) | — | — | — | 101 | — | 101 | — | 0.01 | ||||||||||||||||||||||||
| Restructuring costs | — | — | 1,490 | 1,062 | 1,490 | 1,062 | 0.11 | 0.08 | ||||||||||||||||||||||||
| Severance cost | — | — | 443 | 347 | 443 | 347 | 0.03 | — | ||||||||||||||||||||||||
| Foreign exchange loss/(gain) (d) | — | — | — | — | 4,214 | (1,879 | ) | 0.32 | (0.14 | ) | ||||||||||||||||||||||
| Less: Gain on asset held for sale (e) | — | — | 5,544 | — | 5,544 | — | 0.42 | — | ||||||||||||||||||||||||
| Less: Tax effect of reconciling items and discrete tax items | — | — | — | — | 353 | (3,079 | ) | 0.03 | (0.24 | ) | ||||||||||||||||||||||
| As Adjusted - Non GAAP | $ | 120,408 | $ | 125,611 | $ | 11,214 | $ | 18,453 | $ | 6,521 | $ | 12,700 | $ | 0.49 | $ | 0.95 | ||||||||||||||||
| As Adjusted - Non GAAP Margins | 39.2 | % | 41.0 | % | 3.7 | % | 6.0 | % | ||||||||||||||||||||||||
| Gross Profit | Operating Income | Net (Loss) Earnings Attributable to VPG Stockholders | Diluted (Loss) Earnings Per share | |||||||||||||||||||||||||||||
| Fiscal Quarter Ended December 31, | 2025 | 2024 | 2025 | 2024 | 2025 | 2024 | 2025 | 2024 | ||||||||||||||||||||||||
| As reported - GAAP | $ | 29,666 | $ | 27,771 | $ | 1,040 | $ | 199 | $ | (1,871 | ) | $ | 768 | $ | (0.14 | ) | $ | 0.06 | ||||||||||||||
| As reported - GAAP Margins | 36.8 | % | 38.2 | % | 1.3 | % | 0.3 | % | — | — | — | — | ||||||||||||||||||||
| Start-up costs (a) | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||
| Acquisition purchase accounting adjustments (b) | 110 | 79 | 110 | 79 | 110 | 79 | 0.01 | 0.01 | ||||||||||||||||||||||||
| Acquisition costs (c) | — | — | — | 101 | — | 101 | — | 0.01 | ||||||||||||||||||||||||
| Restructuring costs | — | — | 697 | 198 | 697 | 198 | 0.05 | 0.01 | ||||||||||||||||||||||||
| Foreign exchange loss/(gain) (d) | — | — | — | — | 1,378 | (1,913 | ) | 0.10 | (0.15 | ) | ||||||||||||||||||||||
| Less: Tax effect of reconciling items and discrete tax items (f) | — | — | — | — | (641 | ) | (1,167 | ) | (0.05 | ) | (0.10 | ) | ||||||||||||||||||||
| As Adjusted - Non GAAP | $ | 29,776 | $ | 27,850 | $ | 1,847 | $ | 577 | $ | 955 | $ | 400 | $ | 0.07 | $ | 0.03 | ||||||||||||||||
| As Adjusted - Non GAAP Margins | 37.0 | % | 38.3 | % | 2.3 | % | 0.8 | % | ||||||||||||||||||||||||
(a) Start-up cost 2025
(b) Acquisition purchase accounting adjustments include fair market value adjustments associated with inventory recorded as a component of costs of products sold
(c) Acquisition costs associated with the acquisition of Nokra in September 2024
(d) Impact of foreign currency exchange rates on assets and liabilities
(e) Gain on Sale of Manufacturing Facility in Kent, Washington
(f) non-recurring valuation allowance
| VISHAY PRECISION GROUP, INC. Reconciliation of Adjusted Gross Profit by segment (Unaudited - In thousands) | ||||||||||||
| Fiscal quarter ended | ||||||||||||
| December 31, 2025 | December 31, 2024 | September 27, 2025 | ||||||||||
| Sensors | ||||||||||||
| Net revenues | $ | 30,402 | $ | 25,755 | $ | 31,624 | ||||||
| Gross Profit: | ||||||||||||
| As reported - GAAP | 8,665 | 8,229 | 10,626 | |||||||||
| As reported - GAAP Margins | 28.5 | % | 32.0 | % | 33.6 | % | ||||||
| Start-up costs | — | - | 37 | |||||||||
| As Adjusted - Non GAAP | 8,665 | 8,229 | 10,663 | |||||||||
| As Adjusted - Non GAAP Margins | 28.5 | % | 32.0 | % | 33.7 | % | ||||||
| Weighing Solutions | ||||||||||||
| Net revenues | $ | 27,739 | $ | 25,739 | $ | 27,538 | ||||||
| Gross Profit: | ||||||||||||
| As reported - GAAP | 9,156 | 8,778 | 11,110 | |||||||||
| As reported - GAAP Margins | 33.0 | % | 34.1 | % | 40.3 | % | ||||||
| As Adjusted - Non GAAP | 9,156 | 8,778 | 11,110 | |||||||||
| As Adjusted - Non GAAP Margins | 33.0 | % | 34.1 | % | 40.3 | % | ||||||
| Measurement Systems | ||||||||||||
| Net revenues | $ | 22,431 | $ | 21,160 | $ | 20,566 | ||||||
| Gross Profit: | ||||||||||||
| As reported - GAAP | 11,844 | 10,764 | 10,389 | |||||||||
| As reported - GAAP Margins | 52.8 | % | 50.9 | % | 50.5 | % | ||||||
| Acquisition purchase accounting adjustments | 110 | 79 | 111 | |||||||||
| As Adjusted - Non GAAP | 11,954 | 10,843 | 10,500 | |||||||||
| As Adjusted - Non GAAP Margins | 53.3 | % | 51.2 | % | 51.1 | % | ||||||
| VISHAY PRECISION GROUP, INC. Reconciliation of Adjusted EBITDA (Unaudited - In thousands) | ||||||||||||
| Fiscal quarter ended | ||||||||||||
| December 31, 2025 | December 31, 2024 | September 27, 2025 | ||||||||||
| Net (loss) earnings attributable to VPG stockholders | $ | (1,871 | ) | $ | 768 | $ | 7,858 | |||||
| Interest Expense | 412 | 587 | 425 | |||||||||
| Income tax expense | 1,235 | 1,222 | 1,961 | |||||||||
| Depreciation | 3,060 | 3,026 | 3,003 | |||||||||
| Amortization | 983 | 1,007 | 986 | |||||||||
| Restructuring costs | 697 | 198 | 214 | |||||||||
| Start-up costs (a) | — | — | 37 | |||||||||
| Acquisition purchase accounting adjustments (b) | 110 | 79 | 111 | |||||||||
| Acquisition costs (c) | — | 101 | — | |||||||||
| Foreign exchange loss (gain) (d) | 1,378 | (1,913 | ) | 101 | ||||||||
| Gain on asset held for sale (e) | — | — | (5,544 | ) | ||||||||
| ADJUSTED EBITDA | $ | 6,004 | $ | 5,075 | $ | 9,152 | ||||||
| ADJUSTED EBITDA MARGIN | 7.5 | % | 7.0 | % | 11.5 | % | ||||||
| Year ended | ||||||||
| December 31, 2025 | December 31, 2024 | |||||||
| Net earnings attributable to VPG stockholders | $ | 5,293 | $ | 9,911 | ||||
| Interest Expense | 1,937 | 2,512 | ||||||
| Income tax expense | 3,455 | 7,730 | ||||||
| Depreciation | 11,991 | 12,022 | ||||||
| Amortization | 3,930 | 3,783 | ||||||
| Restructuring costs | 1,490 | 1,062 | ||||||
| Severance cost | 443 | 347 | ||||||
| Start-up costs (a) | 757 | — | ||||||
| Acquisition purchase accounting adjustments (b) | 221 | 79 | ||||||
| Acquisition costs (c) | — | 101 | ||||||
| Foreign exchange loss (gain) (d) | 4,214 | (1,879 | ) | |||||
| Gain on asset held for sale (e) | (5,544 | ) | — | |||||
| ADJUSTED EBITDA | $ | 28,187 | $ | 35,668 | ||||
| ADJUSTED EBITDA MARGIN | 9.2 | % | 11.6 | % | ||||
(a) Start-up cost 2025
(b) Acquisition purchase accounting adjustments include fair market value adjustments associated with inventory recorded as a component of costs of products sold
(c) Acquisition costs associated with the acquisition of Nokra in September 2024
(d) Impact of foreign currency exchange rates on assets and liabilities
(e) Gain on Sale of Manufacturing Facility in Kent, Washington
FAQ
What were VPG's Q4 2025 revenues and how did they compare year-over-year?
How did VPG's full-year 2025 adjusted EBITDA and adjusted EPS perform (NYSE: VPG)?
What caused VPG's Q4 2025 margin weakness and what was the estimated impact?
What are VPG's key financial objectives for fiscal 2026 and short-term guidance?
How did VPG's Sensors segment perform in Q4 2025 and what is the outlook for sales?
