VPG Reports Fiscal 2026 Second Quarter Results; Orders of $96 Million Reflect Continued Strength in Key Markets
Rhea-AI Summary
VPG (NYSE: VPG) reported fiscal 2026 Q2 net revenues of $83.9 million, up 11.7% year over year, with gross margin at 38.6% versus 40.7%. Operating margin declined to (0.4)%, and diluted EPS was a loss of $0.13 versus earnings of $0.02. Adjusted diluted EPS* was $0.04 (down from $0.21), and adjusted EBITDA* was $5.5 million with a 6.5% margin.
Bookings reached $95.5 million with a book-to-bill ratio of 1.14, supported by record precision resistor orders for AI, data center, aerospace and defense end markets, and a vendor nomination from an initial humanoid robotics customer. Revenue was reduced by about $3.0 million of delayed steel-related system shipments tied to a new ERP implementation. Unfavorable foreign exchange reduced profits by $3.3 million year over year. VPG reiterated its 2026 cost-savings plan of about $6 million this year toward a $20 million three-year goal and guided Q3 2026 revenue to $84–$89 million at constant Q2 FX rates.
Positive
- Net revenues $83.9 million, up 11.7% year over year in Q2 2026
- Bookings $95.5 million with book-to-bill ratio of 1.14 in Q2 2026
- Sensors segment revenue $33.4 million, up 25.8% year over year
- Measurement Systems revenue $20.2 million, up 5.2% year over year
- Q3 2026 revenue guidance of $84–$89 million at constant Q2 FX
- Planned cost savings of about $6 million in 2026 toward $20 million three-year target
Negative
- Q2 2026 net loss $1.7 million vs. $0.3 million net earnings in prior-year quarter
- Diluted EPS -$0.13 vs. +$0.02; adjusted diluted EPS $0.04 vs. $0.21
- Q2 2026 operating margin (0.4)% vs. 3.6% prior year; adjusted operating margin 1.7% vs. 5.4%
- Unfavorable FX impact reduced profits by $3.3 million year over year in Q2 2026
- Approximately $3.0 million revenue delayed in steel-related systems due to ERP-related supply chain challenges
- Six-month 2026 net loss $2.0 million vs. $0.7 million loss in prior-year period
News Explained
At July 4, 2026, VPG reported $75,702 thousand cash, $15,640 thousand long-term debt, and 12,297,543 common shares outstanding.
VPG has reported its fiscal 2026 second-quarter results for the quarter ended
For existing holders, that balance sheet sets out the company’s reported liquidity and capital structure: cash and cash equivalents of
The release also reports 1,022,887 shares of Class B convertible common stock outstanding as of
Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Jul 15 | Earnings call notice | Neutral | -3.0% | Announced the date and access details for fiscal second-quarter earnings results. |
| Jun 29 | Supplier award | Positive | +11.2% | DTS received the 2026 Supplier of the Year recognition for automotive testing technologies. |
| Jun 18 | Product launch | Positive | +5.9% | DTS introduced a thermocouple data acquisition system for advanced flight testing. |
| May 28 | Investor conferences | Neutral | -0.5% | VPG announced participation in two June investor conferences with webcast presentations. |
| May 19 | Leadership change | Negative | -6.9% | VPG announced the CFO's retirement and resignation effective December 31, 2026. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Substantive company news generally aligned with subsequent price reactions, while conference-related notices showed negative reactions despite neutral content.
Key Terms
adjusted ebitda financial
book-to-bill ratio financial
adjusted operating margin financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
CHESTERBROOK, Pa., Aug. 05, 2026 (GLOBE NEWSWIRE) -- Vishay Precision Group, Inc. (NYSE: VPG), a leader in precision measurement and sensing technologies, today announced its results for its fiscal 2026 second quarter ended July 4, 2026.
Second Fiscal Quarter Highlights (comparisons are to the comparable period a year ago):
- Net revenues of
$83.9 million increased11.7% . - Gross profit margin was
38.6% as compared to40.7% - Adjusted gross profit margin* was
38.6% , as compared to41.0% - Operating margin was (
0.4% ) as compared to3.6% . - Adjusted operating margin* was
1.7% , as compared to5.4% . - Diluted net loss per share of
$0.13 compared to diluted net earnings per share of$0.02 . - Adjusted diluted net earnings per share* of
$0.04 compared to$0.21 . - Adjusted EBITDA* was
$5.5 million with an adjusted EBITDA margin* of6.5% .
Ziv Shoshani, Chief Executive Officer of VPG, commented, “We delivered another quarter of strong order momentum, with bookings of
The Company noted that its second-quarter revenue was impacted by approximately
Mr. Shoshani added: "Our second-quarter profits were impacted by unfavorable foreign exchange movements, which reduced profits by
Second Fiscal Quarter and Six-Month Financial Trends:
The Company's second fiscal quarter 2026 net loss attributable to VPG stockholders was
In the six fiscal months ended July 4, 2026, net loss attributable to VPG stockholders were
The second fiscal quarter 2026 adjusted net earnings were
In the six fiscal months ended July 4, 2026, adjusted net earnings* were
Segment Performance:
The Sensors segment revenue of
Gross profit margin for the Sensors segment was
The Weighing Solutions segment revenues of
Gross profit margin for the Weighing Solutions segment was
The Measurement Systems segment revenues of
Gross profit margin for the Measurement Systems segment was
Near-Term Outlook
“For the third fiscal quarter of 2026 at constant second fiscal quarter 2026 foreign currency exchange rates, despite seasonal impacts in our European operations, we expect net revenues to be in the range of
*Use of Non-GAAP Financial Information:
Beginning in fiscal 2026, the Company revised its definition of certain non-GAAP financial measures to exclude share-based compensation expense in addition to the other items described below. This change was made in light of the Company’s evolving compensation structure following recent organizational changes, including the hiring of senior executives and the expansion of equity-based incentive programs to attract and retain key talent.
Management believes that excluding share-based compensation expense in certain non-GAAP financial measures provides investors with additional insight into the Company’s core operating performance and enhanced understanding of business trends across reporting periods, including those in comparison to its main peer companies.
Share-based compensation expense will continue to be reflected in the Company's GAAP financial results and will be set forth in a specific line item in the reconciliation table between GAAP and non-GAAP measures. Prior-period non-GAAP financial measures have been recast to conform to the current presentation.
The Company defines “adjusted gross profit margin” as gross profit margin before start-up costs and share-based compensation expense. “Adjusted operating margin” is defined as operating margin before start-up costs, restructuring costs, severance costs and share-based compensation expense. “Adjusted net earnings” and “adjusted diluted net earnings per share” are defined as net earnings attributable to VPG stockholders before start-up costs, restructuring costs and severance costs, share-based compensation expense, foreign currency exchange gains and losses and associated tax effects. We define “Adjusted EBITDA” as earnings before interest, taxes, depreciation, and amortization, start-up costs, restructuring costs and severance costs, foreign currency exchange gains and losses and share-based compensation expense.
“Adjusted free cash flow” for the second fiscal quarter of 2026 is defined as the amount of cash generated from operating activities (
Management believes that these non-GAAP measures are useful to investors because each present 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 consolidated 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 Wednesday, August 5, 2026 at 9:00 a.m. ET (8:00 a.m. CT). To access the conference call, interested parties may call 1-888-596-4144 or internationally +1-646-968-2525 and use passcode 6155497, 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 1-800-770-2030 or internationally +1-609-800-9909 and by using passcode 6155497. 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, 2025. 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 | |||||||
| July 4, 2026 | June 28, 2025 | ||||||
| Net revenues | $ | 83,936 | $ | 75,161 | |||
| Costs of products sold | 51,497 | 44,567 | |||||
| Gross profit | 32,439 | 30,594 | |||||
| Selling, general and administrative expenses | 31,960 | 27,701 | |||||
| Restructuring costs | 773 | 185 | |||||
| Operating (loss) income | (294 | ) | 2,708 | ||||
| Other expense: | |||||||
| Interest expense | (345 | ) | (550 | ) | |||
| Other | (1,215 | ) | (1,262 | ) | |||
| Other expense | (1,560 | ) | (1,812 | ) | |||
| (Loss) Income before taxes | (1,854 | ) | 896 | ||||
| Income tax (benefit) expense | (148 | ) | 592 | ||||
| Net (loss) earnings | (1,706 | ) | 304 | ||||
| Less: net earnings attributable to noncontrolling interests | 14 | 56 | |||||
| Net (loss) earnings attributable to VPG stockholders | $ | (1,720 | ) | $ | 248 | ||
| Basic (loss) earnings per share attributable to VPG stockholders | $ | (0.13 | ) | $ | 0.02 | ||
| Diluted (loss) earnings per share attributable to VPG stockholders | $ | (0.13 | ) | $ | 0.02 | ||
| Weighted average shares outstanding - basic | 13,310 | 13,263 | |||||
| Weighted average shares outstanding - diluted | 13,310 | 13,309 | |||||
VISHAY PRECISION GROUP, INC.
Consolidated Condensed Statements of Operations
(Unaudited - In thousands, except per share amounts)
| Six Fiscal Months Ended | |||||||
| July 4, 2026 | June 28, 2025 | ||||||
| Net revenues | $ | 168,288 | $ | 146,902 | |||
| Costs of products sold | 102,974 | 89,262 | |||||
| Gross profit | 65,314 | 57,640 | |||||
| Selling, general and administrative expenses | 64,047 | 54,412 | |||||
| Restructuring costs | 1,222 | 580 | |||||
| Operating income | 45 | 2,648 | |||||
| Other expense: | |||||||
| Interest expense | (674 | ) | (1,101 | ) | |||
| Other | (1,384 | ) | (1,938 | ) | |||
| Other expense | (2,058 | ) | (3,039 | ) | |||
| Loss before taxes | (2,013 | ) | (391 | ) | |||
| Income tax (benefit) expense | (20 | ) | 260 | ||||
| Net loss | (1,993 | ) | (651 | ) | |||
| Less: net earnings attributable to noncontrolling interests | 46 | 43 | |||||
| Net loss attributable to VPG stockholders | $ | (2,039 | ) | $ | (694 | ) | |
| Basic loss per share attributable to VPG stockholders | $ | (0.15 | ) | $ | (0.05 | ) | |
| Diluted loss per share attributable to VPG stockholders | $ | (0.15 | ) | $ | (0.05 | ) | |
| Weighted average shares outstanding - basic | 13,282 | 13,259 | |||||
| Weighted average shares outstanding - diluted | 13,282 | 13,259 | |||||
VISHAY PRECISION GROUP, INC.
Consolidated Condensed Balance Sheets
(In thousands)
| July 4, 2026 | December 31, 2025 | ||||||
| (Unaudited) | |||||||
| Assets | |||||||
| Current assets: | |||||||
| Cash and cash equivalents | $ | 75,702 | $ | 87,366 | |||
| Accounts receivable, net | 62,198 | 56,348 | |||||
| Inventories: | |||||||
| Raw materials | 30,199 | 32,760 | |||||
| Work in process | 30,184 | 25,794 | |||||
| Finished goods | 23,822 | 24,269 | |||||
| Inventories, net | 84,205 | 82,823 | |||||
| Prepaid expenses and other current assets | 22,152 | 20,425 | |||||
| Total current assets | 244,257 | 246,962 | |||||
| Property and equipment: | |||||||
| Land | 2,367 | 2,382 | |||||
| Buildings and improvements | 80,482 | 78,737 | |||||
| Machinery and equipment | 141,095 | 137,230 | |||||
| Software | 12,195 | 11,692 | |||||
| Construction in progress | 1,712 | 4,162 | |||||
| Accumulated depreciation | (162,799 | ) | (158,123 | ) | |||
| Property and equipment, net | 75,052 | 76,080 | |||||
| Goodwill | 47,090 | 47,367 | |||||
| Intangible assets, net | 36,117 | 38,227 | |||||
| Operating lease right-of-use assets | 22,057 | 22,892 | |||||
| Other non-current assets | 26,150 | 24,361 | |||||
| Total assets | $ | 450,723 | $ | 455,889 | |||
VISHAY PRECISION GROUP, INC.
Consolidated Condensed Balance Sheets
(In thousands)
| July 4, 2026 | December 31, 2025 | ||||||
| (Unaudited) | |||||||
| Liabilities and equity | |||||||
| Current liabilities: | |||||||
| Trade accounts payable | $ | 11,449 | $ | 10,530 | |||
| Payroll and related expenses | 20,276 | 19,569 | |||||
| Other accrued expenses and other current liabilities | 22,356 | 20,833 | |||||
| Current portion of operating lease liabilities | 4,706 | 4,347 | |||||
| Total current liabilities | 58,787 | 55,279 | |||||
| Long-term debt | 15,640 | 20,583 | |||||
| Deferred income taxes | 3,682 | 3,834 | |||||
| Operating lease liabilities | 18,907 | 19,547 | |||||
| Other non-current liabilities | 14,780 | 14,200 | |||||
| Accrued pension and other postretirement costs | 6,320 | 6,219 | |||||
| Total liabilities | 118,116 | 119,662 | |||||
| Equity: | |||||||
| Common stock, par value | 1,344 | 1,340 | |||||
| Class B convertible common stock, convertible common stock, par value | 103 | 103 | |||||
| Treasury stock, at cost - 1,137,995 shares held at July 4, 2026 and December 31, 2025 | (25,335 | ) | (25,335 | ) | |||
| Capital in excess of par value | 205,545 | 204,360 | |||||
| Retained earnings | 195,231 | 197,270 | |||||
| Accumulated other comprehensive loss | (44,137 | ) | (41,367 | ) | |||
| Total Vishay Precision Group, Inc. stockholders' equity | 332,751 | 336,371 | |||||
| Noncontrolling interests | (144 | ) | (144 | ) | |||
| Total equity | 332,607 | 336,227 | |||||
| Total liabilities and equity | $ | 450,723 | $ | 455,889 | |||
VISHAY PRECISION GROUP, INC.
Consolidated Condensed Statements of Cash Flows
(Unaudited - In thousands)
| Six Fiscal Months Ended | |||||||
| July 4, 2026 | June 28, 2025 | ||||||
| Operating activities | |||||||
| Net loss | $ | (1,993 | ) | $ | (651 | ) | |
| Adjustments to reconcile net earnings to net cash provided by operating activities: | |||||||
| Depreciation and amortization | 8,287 | 7,889 | |||||
| (Gain) loss on sale of property and equipment | (136 | ) | 33 | ||||
| Share-based compensation expense | 1,555 | 1,057 | |||||
| Inventory write-offs for obsolescence | 1,329 | 1,649 | |||||
| Deferred expense taxes | (1,057 | ) | (881 | ) | |||
| Foreign currency impacts and other items | 879 | 397 | |||||
| Net changes in operating assets and liabilities: | |||||||
| Accounts receivable | (6,592 | ) | 1,614 | ||||
| Inventories | (3,350 | ) | (1,525 | ) | |||
| Prepaid expenses and other current assets | (2,002 | ) | (1,214 | ) | |||
| Trade accounts payable | 715 | 329 | |||||
| Other current liabilities | 2,605 | 3,294 | |||||
| Other non current assets and liabilities, net | (370 | ) | (1,012 | ) | |||
| Accrued pension and other postretirement costs, net | (195 | ) | 232 | ||||
| Net cash (used in) provided by operating activities | (325 | ) | 11,211 | ||||
| Investing activities | |||||||
| Capital expenditures | (5,046 | ) | (2,760 | ) | |||
| Proceeds from asset held from sale and sale of property and equipment | 297 | 20 | |||||
| Net cash used in investing activities | (4,749 | ) | (2,740 | ) | |||
| Financing activities | |||||||
| Repayments on revolving facility | (5,000 | ) | — | ||||
| (Distributions) contributions from noncontrolling interests | (46 | ) | 108 | ||||
| Payments of employee taxes on certain share-based arrangements | (375 | ) | (256 | ) | |||
| Net cash used in financing activities | (5,421 | ) | (148 | ) | |||
| Effect of exchange rate changes on cash and cash equivalents | (1,169 | ) | 2,780 | ||||
| (Decrease) increase in cash and cash equivalents | (11,664 | ) | 11,103 | ||||
| Cash and cash equivalents at beginning of period | 87,366 | 79,272 | |||||
| Cash and cash equivalents at end of period | $ | 75,702 | $ | 90,375 | |||
| Supplemental disclosure of investing transactions: | |||||||
| Capital expenditures accrued but not yet paid | 1,544 | $ | 732 | ||||
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 (Loss) Income | Net (Loss) Earnings Attributable to VPG Stockholders | Diluted (Loss) Earnings Per share | ||||||||||||||||||||||||||||
| Three months ended | July 4, 2026 | June 28, 2025 | July 4, 2026 | June 28, 2025 | July 4, 2026 | June 28, 2025 | July 4, 2026 | June 28, 2025 | |||||||||||||||||||||||
| As reported - GAAP | $ | 32,439 | $ | 30,594 | $ | (294 | ) | $ | 2,708 | $ | (1,720 | ) | $ | 248 | (0.13 | ) | $ | 0.02 | |||||||||||||
| As reported - GAAP Margins | 38.6 | % | 40.7 | % | (0.4 | )% | 3.6 | % | — | — | — | — | |||||||||||||||||||
| Start-up costs (a) | — | 257 | — | 257 | — | 257 | — | 0.02 | |||||||||||||||||||||||
| Restructuring costs | — | — | 773 | 185 | 773 | 185 | 0.06 | 0.02 | |||||||||||||||||||||||
| Severance cost | — | — | 196 | 395 | 196 | 395 | 0.01 | 0.03 | |||||||||||||||||||||||
| Stock-based compensation cost (b) | 1 | 718 | 512 | 718 | 512 | 0.05 | 0.04 | ||||||||||||||||||||||||
| Foreign currency exchange loss (c) | — | — | — | — | 1,244 | 1,763 | 0.09 | 0.13 | |||||||||||||||||||||||
| Less: Tax effect of reconciling items and discrete tax items | — | — | — | — | 625 | 707 | 0.04 | 0.05 | |||||||||||||||||||||||
| As Adjusted - Non GAAP | $ | 32,439 | $ | 30,852 | $ | 1,393 | $ | 4,057 | $ | 586 | $ | 2,653 | $ | 0.04 | $ | 0.21 | |||||||||||||||
| As Adjusted - Non GAAP Margins | 38.6 | % | 41.0 | % | 1.7 | % | 5.4 | % | |||||||||||||||||||||||
| Gross Profit | Operating Income | Net (Loss) Earnings Attributable to VPG Stockholders | Diluted (Loss) Earnings Per share | ||||||||||||||||||||||||||||
| Six Fiscal Months Ended | July 4, 2026 | June 28, 2025 | July 4, 2026 | June 28, 2025 | July 4, 2026 | June 28, 2025 | July 4, 2026 | June 28, 2025 | |||||||||||||||||||||||
| As reported - GAAP | $ | 65,314 | $ | 57,640 | $ | 45 | $ | 2,648 | $ | (2,039 | ) | $ | (694 | ) | $ | (0.15 | ) | $ | (0.05 | ) | |||||||||||
| As reported - GAAP Margins | 38.8 | % | 39.2 | % | 0.0 | % | 1.8 | % | — | — | — | — | |||||||||||||||||||
| Start-up costs (a) | — | 720 | — | 720 | — | 720 | $ | — | $ | 0.06 | |||||||||||||||||||||
| Restructuring costs | — | — | 1,222 | 580 | 1,222 | 580 | $ | 0.09 | $ | 0.04 | |||||||||||||||||||||
| Severance cost | — | — | 196 | 395 | 196 | 395 | $ | 0.01 | $ | 0.03 | |||||||||||||||||||||
| Stock-based compensation cost (b) | — | 8 | 1,555 | 1,057 | 1,555 | 1,057 | $ | 0.12 | $ | 0.08 | |||||||||||||||||||||
| Foreign currency exchange loss (c) | — | — | — | — | 1,487 | 2,735 | $ | 0.11 | $ | 0.21 | |||||||||||||||||||||
| Less: Tax effect of reconciling items and discrete tax items | — | — | — | — | 928 | 1,241 | $ | 0.07 | $ | 0.09 | |||||||||||||||||||||
| As Adjusted - Non GAAP | $ | 65,314 | $ | 58,368 | $ | 3,018 | $ | 5,400 | $ | 1,493 | $ | 3,552 | $ | 0.11 | $ | 0.28 | |||||||||||||||
| As Adjusted - Non GAAP Margins | 38.8 | % | 39.7 | % | 1.8 | % | 3.7 | % | |||||||||||||||||||||||
(a) Start-up costs in 2025
(b) Share-based compensation cost excluded for Non-GAAP results, effective beginning 2026, with prior period comparability
(c) Impact of foreign currency exchange rates on assets and liabilities
VISHAY PRECISION GROUP, INC.
Reconciliation of Adjusted Gross Profit by segment
(Unaudited - In thousands)
| Fiscal Quarter Ended | |||||||||||
| July 4, 2026 | June 28, 2025 | April 4, 2026 | |||||||||
| Sensors | |||||||||||
| Net revenues | 33,418 | 26,563 | 33,314 | ||||||||
| As reported - GAAP | 10,523 | 8,487 | 11,588 | ||||||||
| As reported - GAAP Margins | 31.5 | % | 32.0 | % | 34.8 | % | |||||
| Start-up costs | — | 79 | — | ||||||||
| As Adjusted - Non GAAP | 10,523 | 8,566 | 11,588 | ||||||||
| As Adjusted - Non GAAP Margins | 31.5 | % | 32.2 | % | 34.8 | % | |||||
| Weighing Solutions | |||||||||||
| Net revenues | 30,349 | 29,428 | 30,236 | ||||||||
| As reported - GAAP | 11,325 | 11,646 | 10,340 | ||||||||
| As reported - GAAP Margins | 37.3 | % | 39.6 | % | 34.2 | % | |||||
| Start-up costs | — | 178 | — | ||||||||
| As Adjusted - Non GAAP | 11,325 | 11,825 | 10,340 | ||||||||
| As Adjusted - Non GAAP Margins | 37.3 | % | 40.2 | % | 34.2 | % | |||||
| Measurement Systems | |||||||||||
| Net revenues | 20,169 | 19,170 | 20,803 | ||||||||
| As reported - GAAP | 10,591 | 10,461 | 10,946 | ||||||||
| As reported - GAAP Margins | 52.5 | % | 54.6 | % | 52.6 | % | |||||
| As Adjusted - Non GAAP | 10,591 | 10,461 | 10,946 | ||||||||
| As Adjusted - Non GAAP Margins | 52.5 | % | 54.6 | % | 52.6 | % | |||||
VISHAY PRECISION GROUP, INC.
Reconciliation of Adjusted EBITDA
(Unaudited - In thousands)
| Fiscal Quarter Ended | |||||||||||
| July 4, 2026 | June 28, 2025 | April 4, 2026 | |||||||||
| Net (loss) earnings attributable to VPG stockholders | $ | (1,720 | ) | $ | 248 | $ | (319 | ) | |||
| Interest Expense | 345 | 550 | 329 | ||||||||
| Income tax (benefit) expense | (148 | ) | 592 | 129 | |||||||
| Depreciation | 3,093 | 2,872 | 3,223 | ||||||||
| Amortization | 984 | 982 | 987 | ||||||||
| Restructuring costs | 773 | 185 | 449 | ||||||||
| Severance cost | 196 | 395 | — | ||||||||
| Start-up costs (a) | — | 257 | — | ||||||||
| Stock-based compensation cost (b) | 718 | 512 | 837 | ||||||||
| Foreign currency exchange loss (c) | 1,244 | 1,763 | 243 | ||||||||
| ADJUSTED EBITDA | $ | 5,485 | $ | 8,356 | $ | 5,878 | |||||
| ADJUSTED EBITDA MARGIN | 6.5 | % | 11.1 | % | 7.0 | % | |||||
(a) Start-up costs in 2025
(b) Share-based compensation cost excluded for Non-GAAP results, effective beginning 2026, with prior period comparability
(c) Impact of foreign currency exchange rates on assets and liabilities
