VPG Reports Fiscal 2025 Second Quarter Results
Vishay Precision Group (NYSE: VPG) reported its fiscal 2025 second quarter results, showing mixed performance with some sequential improvements. Net revenues decreased 2.8% year-over-year to $75.2 million, while gross profit margin declined to 40.7% from 41.9%. The company's adjusted diluted EPS fell to $0.17 from $0.31 in the same period last year.
Notable developments include positive sequential trends with Q2 sales growing 4.8% and total orders increasing 7.5% to $79.9 million, marking the third consecutive quarter of order growth. The company achieved a book-to-bill ratio of 1.06, with strong performance in Measurement Systems (1.20) and Sensors (1.12) segments. VPG completed the sale of a building for $10.8 million, using proceeds to reduce bank debt, expected to save $700,000 in annual interest expense.
Vishay Precision Group (NYSE: VPG) ha comunicato i risultati del secondo trimestre fiscale 2025, evidenziando una performance mista con alcuni miglioramenti sequenziali. I ricavi netti sono diminuiti del 2,8% su base annua, attestandosi a 75,2 milioni di dollari, mentre il margine lordo è sceso al 40,7% rispetto al 41,9%. L'utile diluito rettificato per azione è calato a 0,17 dollari da 0,31 dollari nello stesso periodo dell'anno precedente.
Tra gli sviluppi rilevanti si segnalano tendenze sequenziali positive, con le vendite del secondo trimestre in crescita del 4,8% e gli ordini totali aumentati del 7,5%, raggiungendo 79,9 milioni di dollari, segnando il terzo trimestre consecutivo di crescita degli ordini. L'azienda ha raggiunto un rapporto book-to-bill di 1,06, con ottime performance nei segmenti Measurement Systems (1,20) e Sensors (1,12). VPG ha completato la vendita di un immobile per 10,8 milioni di dollari, utilizzando i proventi per ridurre il debito bancario, con un risparmio previsto di 700.000 dollari all'anno in interessi.
Vishay Precision Group (NYSE: VPG) reportó sus resultados del segundo trimestre fiscal 2025, mostrando un desempeño mixto con algunas mejoras secuenciales. Los ingresos netos disminuyeron un 2,8% interanual hasta 75,2 millones de dólares, mientras que el margen bruto cayó al 40,7% desde 41,9%. Las ganancias diluidas ajustadas por acción disminuyeron a 0,17 dólares desde 0,31 dólares en el mismo período del año anterior.
Entre los desarrollos notables se incluyen tendencias secuenciales positivas, con ventas en el segundo trimestre creciendo un 4,8% y los pedidos totales aumentando un 7,5% hasta 79,9 millones de dólares, marcando el tercer trimestre consecutivo de crecimiento en pedidos. La compañía alcanzó una relación book-to-bill de 1,06, con un sólido desempeño en los segmentos de Measurement Systems (1,20) y Sensors (1,12). VPG completó la venta de un edificio por 10,8 millones de dólares, utilizando los ingresos para reducir la deuda bancaria, con un ahorro esperado de 700.000 dólares anuales en gastos por intereses.
Vishay Precision Group (NYSE: VPG)는 2025 회계연도 2분기 실적을 발표하며 혼합된 성과와 일부 순차적 개선을 보였습니다. 순매출은 전년 동기 대비 2.8% 감소한 7,520만 달러를 기록했고, 총이익률은 41.9%에서 40.7%로 하락했습니다. 조정 희석 주당순이익(EPS)은 작년 같은 기간의 0.31달러에서 0.17달러로 감소했습니다.
주목할 만한 발전 사항으로는 순차적 긍정 추세가 있으며, 2분기 매출은 4.8% 증가했고 총 주문액은 7.5% 증가하여 7,990만 달러에 달하며 3분기 연속 주문 증가를 기록했습니다. 회사는 1.06의 북투빌(book-to-bill) 비율을 달성했으며, 측정 시스템(1.20)과 센서(1.12) 부문에서 강한 실적을 보였습니다. VPG는 1,080만 달러에 건물 매각을 완료했고, 수익금을 은행 부채 상환에 사용하여 연간 70만 달러의 이자 비용 절감을 기대하고 있습니다.
Vishay Precision Group (NYSE : VPG) a publié ses résultats du deuxième trimestre fiscal 2025, montrant une performance mitigée avec quelques améliorations séquentielles. Le chiffre d'affaires net a diminué de 2,8 % en glissement annuel pour s'établir à 75,2 millions de dollars, tandis que la marge brute a baissé à 40,7 % contre 41,9 %. Le BPA dilué ajusté est passé à 0,17 $ contre 0,31 $ sur la même période l'année précédente.
Parmi les faits marquants, on note des tendances séquentielles positives avec une croissance des ventes au deuxième trimestre de 4,8 % et une augmentation des commandes totales de 7,5 % à 79,9 millions de dollars, marquant le troisième trimestre consécutif de croissance des commandes. L'entreprise a atteint un ratio book-to-bill de 1,06, avec de solides performances dans les segments Measurement Systems (1,20) et Sensors (1,12). VPG a finalisé la vente d'un bâtiment pour 10,8 millions de dollars, utilisant les recettes pour réduire sa dette bancaire, ce qui devrait permettre d'économiser 700 000 dollars par an en frais d'intérêts.
Vishay Precision Group (NYSE: VPG) meldete seine Ergebnisse für das zweite Quartal des Geschäftsjahres 2025 und zeigte eine gemischte Performance mit einigen sequenziellen Verbesserungen. Die Nettoumsätze sanken im Jahresvergleich um 2,8 % auf 75,2 Millionen US-Dollar, während die Bruttomarge von 41,9 % auf 40,7 % zurückging. Das bereinigte verwässerte Ergebnis je Aktie fiel auf 0,17 US-Dollar von 0,31 US-Dollar im gleichen Zeitraum des Vorjahres.
Zu den bemerkenswerten Entwicklungen zählen positive sequenzielle Trends, mit einem Umsatzanstieg im zweiten Quartal um 4,8 % und einer Steigerung der Gesamtaufträge um 7,5 % auf 79,9 Millionen US-Dollar, was das dritte Quartal in Folge mit Auftragswachstum markiert. Das Unternehmen erzielte ein Book-to-Bill-Verhältnis von 1,06, mit starker Leistung in den Segmenten Measurement Systems (1,20) und Sensors (1,12). VPG schloss den Verkauf eines Gebäudes für 10,8 Millionen US-Dollar ab und nutzte die Erlöse zur Reduzierung der Bankverbindlichkeiten, was voraussichtlich 700.000 US-Dollar an jährlichen Zinskosten einsparen wird.
- Third consecutive quarter of order growth with total orders of $79.9 million, up 7.5% sequentially
- Strong book-to-bill ratios: 1.20 for Measurement Systems and 1.12 for Sensors segments
- Record quarterly gross margin for Weighing Solutions segment
- Building sale generated $10.8 million, leading to $700,000 annual interest savings
- Weighing Solutions revenue increased 7.2% year-over-year to $29.4 million
- Net revenues declined 2.8% year-over-year to $75.2 million
- Operating margin decreased to 3.6% from 7.6% year-over-year
- Adjusted diluted EPS fell to $0.17 from $0.31 year-over-year
- Sensors segment revenue decreased 8.0% year-over-year
- $500,000 negative impact from tariffs
Insights
VPG's Q2 shows sequential improvements amid modest revenue decline; tariff impacts and margin challenges signal ongoing pressures.
VPG delivered mixed results in Q2 2025, with revenues of
The declining profitability is evident in diluted EPS, which fell to just
The order momentum provides a silver lining, with total orders of
Segment performance reveals important divergences. The Weighing Solutions segment was the standout performer with
The company's strategic moves to improve its financial position include selling a building for
The
MALVERN, Pa., Aug. 05, 2025 (GLOBE NEWSWIRE) -- Vishay Precision Group, Inc. (NYSE: VPG), a leader in precision measurement and sensing technologies, today announced its results for its fiscal 2025 second quarter ended June 28, 2025.
Second Fiscal Quarter Highlights (comparisons are to the comparable period a year ago):
- Net revenues of
$75.2 million decreased2.8% . - Gross profit margin was
40.7% as compared to41.9% - Adjusted gross profit margin* was
41.0% , as compared to41.9% - Operating margin was
3.6% as compared to7.6% . - Adjusted operating margin* was
4.8% , as compared to7.6% . - Diluted net earnings per share of
$0.02 compared to$0.34 . - Adjusted diluted net earnings per share* of
$0.17 compared to$0.31 . - EBITDA* was
$5.2 million with an EBITDA margin* of7.0% . - Adjusted EBITDA* was
$7.9 million with an adjusted EBITDA margin* of10.5% . - Cash from Operating Activities was
$6.0 million with Adjusted Free Cash Flow* of$4.7 million .
Ziv Shoshani, Chief Executive Officer of VPG, commented, “We were pleased with the positive sequential trends in the quarter, which reflected a moderately improved business climate. Second quarter sales grew
Mr. Shoshani said: “Compared to the first quarter of 2025, we improved our adjusted gross margin, adjusted operating margin, and adjusted EBITDA, despite a
Second Fiscal Quarter and Six-Month Financial Trends:
The Company's second fiscal quarter 2025 net earnings attributable to VPG stockholders was
In the six fiscal months ended June 28, 2025, net loss attributable to VPG stockholders were
The second fiscal quarter 2025 adjusted net earnings* were
In the six fiscal months ended June 28, 2025, adjusted net earnings* were
Segment Performance:
The Sensors segment revenue of
Gross profit margin for the Sensors segment was
The Weighing Solutions segment revenue of
Gross profit margin for the Weighing Solutions segment was
The Measurement Systems segment revenue of
Gross profit margin for the Measurement Systems segment was
Near-Term Outlook
“Given our backlog and the current market conditions, 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. We define “adjusted operating margin” as operating margin before start-up costs, restructuring costs and severance costs. We define “adjusted net earnings” and “adjusted diluted net earnings per share” as net earnings attributable to VPG stockholders before start-up costs, restructuring costs and severance costs, foreign currency exchange gains and losses, and associated tax effects. We define “EBITDA” as earnings before interest, taxes, depreciation, and amortization. We define “Adjusted EBITDA” as earnings before interest, taxes, depreciation, and amortization, start-up costs, restructuring costs and severance costs, and foreign currency exchange gains and losses.
“Adjusted free cash flow” for the second 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 will be held on Tuesday, August 5, 2025 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 +1-404-975-4839 and use passcode 010019, 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 by using passcode 958597. The replay will also be available on the “Events” page of investor relations section of the VPG website at ir.vpgsensors.com.
About VPG:
Vishay Precision Group, Inc. (VPG) is a leader in precision measurement and 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; significant developments from the recent and potential changes in tariffs and trade regulation; 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 or disruption 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; our ability to execute our 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 Condensed Statements of Operations
(Unaudited - In thousands, except per share amounts)
| Fiscal Quarter Ended | ||||||||
| June 28, 2025 | June 29, 2024 | |||||||
| Net revenues | $ | 75,161 | $ | 77,359 | ||||
| Costs of products sold | 44,567 | 44,952 | ||||||
| Gross profit | 30,594 | 32,407 | ||||||
| Selling, general and administrative expenses | 27,701 | 26,501 | ||||||
| Restructuring costs | 185 | — | ||||||
| Operating income | 2,708 | 5,906 | ||||||
| Other (expense) income : | ||||||||
| Interest expense | (550 | ) | (649 | ) | ||||
| Other | (1,262 | ) | 1,701 | |||||
| Other (expense) income | (1,812 | ) | 1,052 | |||||
| Income before taxes | 896 | 6,958 | ||||||
| Income tax expense | 592 | 2,316 | ||||||
| Net earnings | 304 | 4,642 | ||||||
| Less: net earnings attributable to noncontrolling interests | 56 | 39 | ||||||
| Net earnings attributable to VPG stockholders | $ | 248 | $ | 4,603 | ||||
| Basic earnings per share attributable to VPG stockholders | $ | 0.02 | $ | 0.34 | ||||
| Diluted earnings per share attributable to VPG stockholders | $ | 0.02 | $ | 0.34 | ||||
| Weighted average shares outstanding - basic | 13,263 | 13,348 | ||||||
| Weighted average shares outstanding - diluted | 13,309 | 13,389 | ||||||
VISHAY PRECISION GROUP, INC.
Consolidated Condensed Statements of Operations
(Unaudited - In thousands, except per share amounts)
| Six Fiscal Months Ended | ||||||||
| June 28, 2025 | June 29, 2024 | |||||||
| Net revenues | $ | 146,902 | $ | 158,142 | ||||
| Costs of products sold | 89,262 | 90,641 | ||||||
| Gross profit | 57,640 | 67,501 | ||||||
| Selling, general and administrative expenses | 54,412 | 53,895 | ||||||
| Restructuring costs | 580 | 782 | ||||||
| Operating income | 2,648 | 12,824 | ||||||
| Other (expense) income : | ||||||||
| Interest expense | (1,101 | ) | (1,277 | ) | ||||
| Other | (1,938 | ) | 3,561 | |||||
| Other (expense) income | (3,039 | ) | 2,284 | |||||
| (Loss) Income before taxes | (391 | ) | 15,108 | |||||
| Income tax expense | 260 | 4,634 | ||||||
| Net (loss) earnings | (651 | ) | 10,474 | |||||
| Less: net earnings (loss) attributable to noncontrolling interests | 43 | (20 | ) | |||||
| Net (loss) earnings attributable to VPG stockholders | $ | (694 | ) | $ | 10,494 | |||
| Basic (loss) earnings per share attributable to VPG stockholders | $ | (0.05 | ) | $ | 0.78 | |||
| Diluted (loss) earnings per share attributable to VPG stockholders | $ | (0.05 | ) | $ | 0.78 | |||
| Weighted average shares outstanding - basic | 13,259 | 13,376 | ||||||
| Weighted average shares outstanding - diluted | 13,259 | 13,428 | ||||||
VISHAY PRECISION GROUP, INC.
Consolidated Condensed Balance Sheets
(In thousands)
| June 28, 2025 | December 31, 2024 | |||||||
| (Unaudited) | ||||||||
| Assets | ||||||||
| Current assets: | ||||||||
| Cash and cash equivalents | $ | 90,375 | $ | 79,272 | ||||
| Accounts receivable, net | 51,985 | 51,200 | ||||||
| Inventories: | ||||||||
| Raw materials | 32,279 | 33,013 | ||||||
| Work in process | 30,730 | 27,187 | ||||||
| Finished goods | 23,320 | 23,960 | ||||||
| Inventories, net | 86,329 | 84,160 | ||||||
| Prepaid expenses and other current assets | 18,953 | 17,088 | ||||||
| Assets held for sale | 5,229 | 5,229 | ||||||
| Total current assets | 252,871 | 236,949 | ||||||
| Property and equipment: | ||||||||
| Land | 2,412 | 2,316 | ||||||
| Buildings and improvements | 78,570 | 68,125 | ||||||
| Machinery and equipment | 136,575 | 132,938 | ||||||
| Software | 10,858 | 10,351 | ||||||
| Construction in progress | 2,335 | 11,246 | ||||||
| Accumulated depreciation | (153,411 | ) | (145,475 | ) | ||||
| Property and equipment, net | 77,339 | 79,501 | ||||||
| Goodwill | 47,376 | 46,819 | ||||||
| Intangible assets, net | 40,194 | 41,815 | ||||||
| Operating lease right-of-use assets | 23,113 | 24,316 | ||||||
| Other assets | 24,661 | 21,535 | ||||||
| Total assets | $ | 465,554 | $ | 450,935 | ||||
VISHAY PRECISION GROUP, INC.
Consolidated Condensed Balance Sheets
(In thousands)
| June 28, 2025 | December 31, 2024 | |||||||
| (Unaudited) | ||||||||
| Liabilities and equity | ||||||||
| Current liabilities: | ||||||||
| Trade accounts payable | $ | 10,344 | $ | 9,890 | ||||
| Payroll and related expenses | 19,715 | 18,546 | ||||||
| Other accrued expenses | 23,481 | 19,725 | ||||||
| Income taxes | 247 | 880 | ||||||
| Current portion of operating lease liabilities | 4,321 | 3,998 | ||||||
| Total current liabilities | 58,108 | 53,039 | ||||||
| Long-term debt | 31,526 | 31,441 | ||||||
| Deferred income taxes | 3,868 | 3,779 | ||||||
| Operating lease liabilities | 19,212 | 19,928 | ||||||
| Other liabilities | 14,879 | 14,193 | ||||||
| Accrued pension and other postretirement costs | 6,706 | 6,695 | ||||||
| Total liabilities | 134,299 | 129,075 | ||||||
| Equity: | ||||||||
| Common stock | 1,339 | 1,336 | ||||||
| Class B convertible common stock | 103 | 103 | ||||||
| Treasury stock | (25,335 | ) | (25,335 | ) | ||||
| Capital in excess of par value | 203,537 | 202,783 | ||||||
| Retained earnings | 191,283 | 191,977 | ||||||
| Accumulated other comprehensive loss | (39,716 | ) | (48,897 | ) | ||||
| Total Vishay Precision Group, Inc. stockholders' equity | 331,211 | 321,967 | ||||||
| Noncontrolling interests | 44 | (107 | ) | |||||
| Total equity | 331,255 | 321,860 | ||||||
| Total liabilities and equity | $ | 465,554 | $ | 450,935 | ||||
VISHAY PRECISION GROUP, INC.
Consolidated Condensed Statements of Cash Flows
(Unaudited - In thousands)
| Six Fiscal Months Ended | ||||||||
| June 28, 2025 | June 29, 2024 | |||||||
| Operating activities | ||||||||
| Net (loss) earnings | $ | (651 | ) | $ | 10,474 | |||
| Adjustments to reconcile net earnings to net cash provided by operating activities: | ||||||||
| Depreciation and amortization | 7,889 | 7,859 | ||||||
| Loss (gain) on sale of property and equipment | 33 | (155 | ) | |||||
| Share-based compensation expense | 1,057 | 953 | ||||||
| Inventory write-offs for obsolescence | 1,649 | 1,163 | ||||||
| Deferred income taxes | (881 | ) | 483 | |||||
| Foreign currency impacts and other items | 397 | (3,602 | ) | |||||
| Net changes in operating assets and liabilities: | ||||||||
| Accounts receivable | 1,614 | 4,925 | ||||||
| Inventories | (1,525 | ) | (4,155 | ) | ||||
| Prepaid expenses and other current assets | (1,214 | ) | (2,733 | ) | ||||
| Trade accounts payable | 329 | 1,081 | ||||||
| Other current liabilities | 3,294 | (1,293 | ) | |||||
| Other non-current assets and liabilities, net | (1,012 | ) | (841 | ) | ||||
| Accrued pension and other postretirement costs, net | 232 | (289 | ) | |||||
| Net cash provided by operating activities | 11,211 | 13,870 | ||||||
| Investing activities | ||||||||
| Capital expenditures | (2,760 | ) | (5,178 | ) | ||||
| Proceeds from sale of property and equipment | 20 | 347 | ||||||
| Net cash used in investing activities | (2,740 | ) | (4,831 | ) | ||||
| Financing activities | ||||||||
| Purchase of treasury stock | — | (5,887 | ) | |||||
| Distributions to noncontrolling interests | 108 | (40 | ) | |||||
| Payments of employee taxes on certain share-based arrangements | (256 | ) | (854 | ) | ||||
| Net cash used in financing activities | (148 | ) | (6,781 | ) | ||||
| Effect of exchange rate changes on cash and cash equivalents | 2,780 | (2,095 | ) | |||||
| Increase in cash and cash equivalents | 11,103 | 163 | ||||||
| Cash and cash equivalents at beginning of period | 79,272 | 83,965 | ||||||
| Cash and cash equivalents at end of period | $ | 90,375 | $ | 84,128 | ||||
| Supplemental disclosure of investing transactions: | ||||||||
| Capital expenditures accrued but not yet paid | $ | 732 | $ | 972 | ||||
| Supplemental disclosure of financing transactions: | ||||||||
| Excise tax on net share repurchases accrued but not yet paid | — | 41 | ||||||
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)
| Gross Profit | Operating Income | Net Earnings Attributable to VPG Stockholders | Diluted Earnings Per share | |||||||||||||||||||||||||||||
| Three months ended | June 28, 2025 | June 29, 2024 | June 28, 2025 | June 29, 2024 | June 28, 2025 | June 29, 2024 | June 28, 2025 | June 29, 2024 | ||||||||||||||||||||||||
| As reported - GAAP | $ | 30,594 | $ | 32,407 | $ | 2,708 | $ | 5,906 | $ | 248 | $ | 4,603 | $ | 0.02 | $ | 0.34 | ||||||||||||||||
| As reported - GAAP Margins | 40.7 | % | 41.9 | % | 3.6 | % | 7.6 | % | — | % | ||||||||||||||||||||||
| Start-up costs | 257 | — | 257 | — | 257 | — | 0.02 | — | ||||||||||||||||||||||||
| Restructuring costs | — | — | 185 | — | 185 | — | 0.02 | — | ||||||||||||||||||||||||
| Severance cost | — | — | 443 | — | 443 | — | 0.03 | — | ||||||||||||||||||||||||
| Foreign currency exchange loss (gain) | — | — | — | — | 1,763 | (1,289 | ) | 0.13 | (0.10 | ) | ||||||||||||||||||||||
| Less: Tax effect of reconciling items and discrete tax items | — | — | — | — | 624 | (836 | ) | 0.05 | (0.06 | ) | ||||||||||||||||||||||
| As Adjusted - Non GAAP | $ | 30,851 | $ | 32,407 | $ | 3,593 | $ | 5,906 | $ | 2,272 | $ | 4,150 | $ | 0.17 | $ | 0.31 | ||||||||||||||||
| As Adjusted - Non GAAP Margins | 41.0 | % | 41.9 | % | 4.8 | % | 7.6 | % | ||||||||||||||||||||||||
| Gross Profit | Operating Income | Net (Loss) Earnings Attributable to VPG Stockholders | Diluted Earnings Per share | |||||||||||||||||||||||||||||
| Six Fiscal Months Ended | June 28, 2025 | June 29, 2024 | June 28, 2025 | June 29, 2024 | June 28, 2025 | June 29, 2024 | June 28, 2025 | June 29, 2024 | ||||||||||||||||||||||||
| As reported - GAAP | $ | 57,640 | $ | 67,501 | $ | 2,648 | $ | 12,824 | $ | (694 | ) | $ | 10,494 | $ | (0.05 | ) | $ | 0.78 | ||||||||||||||
| As reported - GAAP Margins | 39.2 | % | 42.7 | % | 1.8 | % | 8.1 | % | ||||||||||||||||||||||||
| Start-up costs | 720 | — | 720 | — | 720 | — | 0.06 | — | ||||||||||||||||||||||||
| Restructuring costs | — | — | 580 | 782 | 580 | 782 | 0.04 | 0.06 | ||||||||||||||||||||||||
| Severance cost | — | — | 443 | 347 | 443 | 347 | 0.03 | 0.03 | ||||||||||||||||||||||||
| Foreign currency exchange loss (gain) | — | — | — | — | 2,735 | (2,878 | ) | 0.21 | (0.21 | ) | ||||||||||||||||||||||
| Less: Tax effect of reconciling items and discrete tax items | — | — | — | — | 1,044 | (1,074 | ) | 0.08 | (0.08 | ) | ||||||||||||||||||||||
| As Adjusted - Non GAAP | $ | 58,360 | $ | 67,501 | $ | 4,391 | $ | 13,953 | $ | 2,740 | $ | 9,819 | $ | 0.21 | $ | 0.73 | ||||||||||||||||
| As Adjusted - Non GAAP Margins | 39.2 | % | 42.7 | % | 2.2 | % | 8.8 | % | ||||||||||||||||||||||||
VISHAY PRECISION GROUP, INC.
Reconciliation of Adjusted Gross Profit by segment
(Unaudited - In thousands)
| Fiscal Quarter Ended | ||||||||||||
| June 28, 2025 | June 29, 2024 | March 29, 2025 | ||||||||||
| Sensors | ||||||||||||
| Net revenues | $ | 26,563 | $ | 28,869 | $ | 27,056 | ||||||
| As reported - GAAP | $ | 8,487 | $ | 11,066 | $ | 8,147 | ||||||
| As reported - GAAP Margins | 32.0 | % | 38.3 | % | 30.1 | % | ||||||
| Start-up costs | 79 | — | 187 | |||||||||
| As Adjusted - Non GAAP | $ | 8,566 | $ | 11,066 | $ | 8,334 | ||||||
| As Adjusted - Non GAAP Margins | 32.2 | % | 38.3 | % | 30.8 | % | ||||||
| Weighing Solutions | ||||||||||||
| Net revenues | $ | 29,428 | $ | 27,447 | $ | 26,438 | ||||||
| As reported - GAAP | $ | 11,646 | $ | 10,310 | $ | 9,717 | ||||||
| As reported - GAAP Margins | 39.6 | % | 37.6 | % | 36.8 | % | ||||||
| Start-up costs | 178 | — | 276 | |||||||||
| As Adjusted - Non GAAP | $ | 11,825 | $ | 10,310 | $ | 9,993 | ||||||
| As Adjusted - Non GAAP Margins | 40.2 | % | 37.6 | % | 37.8 | % | ||||||
| Measurement Systems | ||||||||||||
| Net revenues | $ | 19,170 | $ | 21,043 | $ | 18,246 | ||||||
| As reported - GAAP | $ | 10,461 | $ | 11,031 | $ | 9,182 | ||||||
| As reported - GAAP Margins | 54.6 | % | 52.4 | % | 50.3 | % | ||||||
| As Adjusted - Non GAAP | $ | 10,461 | $ | 11,031 | $ | 9,182 | ||||||
| As Adjusted - Non GAAP Margins | 54.6 | % | 52.4 | % | 50.3 | % | ||||||
VISHAY PRECISION GROUP, INC.
Reconciliation of Adjusted EBITDA
(Unaudited - In thousands)
| Fiscal Quarter Ended | ||||||||||||
| June 28, 2025 | June 29, 2024 | March 29,2025 | ||||||||||
| Net earnings (loss) earnings attributable to VPG stockholders | $ | 248 | $ | 4,603 | $ | (942 | ) | |||||
| Interest Expense | 550 | 649 | 550 | |||||||||
| Income tax (benefit) expense | 592 | 2,316 | (332 | ) | ||||||||
| Depreciation | 2,872 | 2,992 | 3,056 | |||||||||
| Amortization | 982 | 924 | 979 | |||||||||
| EBITDA | 5,244 | 11,484 | 3,311 | |||||||||
| EBITDA MARGIN | 7.0 | % | 14.8 | % | 4.6 | % | ||||||
| Restructuring costs | 185 | — | 395 | |||||||||
| Severance cost | 443 | — | — | |||||||||
| Start-up costs | 257 | — | 463 | |||||||||
| Foreign currency exchange loss(gain) | 1,763 | (1,289 | ) | 972 | ||||||||
| ADJUSTED EBITDA | $ | 7,892 | $ | 10,196 | $ | 5,141 | ||||||
| ADJUSTED EBITDA MARGIN | 10.5 | % | 13.2 | % | 7.2 | % | ||||||
FAQ
What were VPG's key financial results for Q2 2025?
How did VPG's different segments perform in Q2 2025?
What is VPG's revenue guidance for Q3 2025?
What strategic actions did VPG take to improve its financial position?
What was VPG's book-to-bill ratio in Q2 2025?
