VPG Reports Third Quarter Adjusted Revenue of $87.4 Million; Orders Exceed $100 Million and Reflect Continued Strength in Key Markets
Record Sensors bookings contrasted with lower year-over-year earnings and operating margins.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
Vishay Precision Group (NYSE: VPG) reported third-quarter adjusted revenue of $87.4 million, with orders exceeding sales across all three segments. Adjusted revenue rose 9.6% year over year and 4.1% sequentially. GAAP revenue was $85.1 million after $2.3 million of tariff refunds passed through to customers, without affecting gross profit.
Orders exceeded $100 million, and consolidated adjusted book-to-bill, the ratio of orders to sales, was 1.17. Sensors bookings reached a record. However, diluted earnings fell to $0.04 per share from $0.59 a year earlier; adjusted diluted earnings declined to $0.14 from $0.30. Operating margin fell to 3.2% from 12.7%. Adjusted free cash flow was $5.5 million.
VPG expects fourth-quarter revenue of $84 million to $91 million at constant third-quarter exchange rates, excluding customer tariff refunds. Its 2026 cost-savings initiatives remain on pace for a $6 million target.
How this balance works
Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.
It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.
Rhea-AI Sentiment measures something else, the tone of the wording.
Hollow bars mark forward-looking points. How the balance works
Positive
- Moderate pointThird-quarter adjusted revenue rose 9.6% year over year and 4.1% sequentially to $87.4 million.
- Moderate pointThird-quarter orders exceeded $100 million; adjusted consolidated book-to-bill reached 1.17, its eighth consecutive quarter at or above 1.0. 14% of market cap
- Moderate pointSensors bookings reached a record $51.7 million, up 7.5% sequentially, with book-to-bill of 1.35. 7.2% of market cap
- Moderate pointSensors revenue rose 21.3% year over year and 14.8% sequentially to $38.4 million.
- Moderate pointMeasurement Systems bookings rose 18.6% sequentially to $22.2 million, with book-to-bill of 1.01. 3.1% of market cap
- Moderate pointMeasurement Systems revenue rose 7.6% year over year and 9.7% sequentially to $22.1 million.
- Moderate pointMeasurement Systems gross margin reached 56.5%, versus 50.5% a year earlier and 52.5% sequentially.
- Moderate pointNine-month GAAP revenue increased to $253.359 million from $226.630 million a year earlier.
- Moderate point. Forward-looking: it has not happened yet and may not happen.VPG expects fourth-quarter revenue of $84 million–$91 million at constant third-quarter exchange rates, excluding customer tariff refunds.
5 minor points
- Minor pointThird-quarter adjusted free cash flow was $5.5 million after $5.6 million of capital expenditures.
- Minor pointThird-quarter interest expense declined to $272,000 from $425,000 a year earlier.
- Minor pointNine-month interest expense declined to $945,000 from $1.525 million a year earlier.
- Minor point. Forward-looking: it has not happened yet and may not happen.VPG's cost-saving initiatives remain on pace for its $6 million savings target for 2026.
- Minor point. Forward-looking: it has not happened yet and may not happen.VPG expects revenue momentum into 2027 given continued order activity and a growing backlog.
Negative
- Moderate pointThird-quarter diluted earnings fell to $0.04 per share from $0.59 a year earlier.
- Moderate pointThird-quarter operating margin declined to 3.2% from 12.7% a year earlier.
- Moderate pointUnfavorable currency movements affected operating income by $3.4 million in the quarter and $8.1 million over nine months.
- Moderate pointNine-month results swung to a $0.11 loss per diluted share from $0.54 earnings a year earlier.
- Moderate pointWeighing Solutions adjusted revenue fell 2.2% year over year and 11.3% sequentially to $26.9 million.
- Moderate pointThird-quarter selling, general and administrative expenses rose to $31.195 million from $27.296 million a year earlier.
11 minor points
- Minor pointThird-quarter adjusted diluted earnings fell to $0.14 per share from $0.30 a year earlier.
- Minor pointThird-quarter adjusted operating margin declined to 4.9% from 6.9% a year earlier.
- Minor pointThird-quarter gross margin slipped to 40.2% from 40.3%; adjusted gross margin fell to 39.3% from 40.5%.
- Minor pointGeographic income mix increased the tax rate, reducing third-quarter diluted earnings by $0.03 per share.
- Minor pointNine-month adjusted diluted earnings declined to $0.25 per share from $0.56 a year earlier.
- Minor pointWeighing Solutions gross margin was 37.6%, below 40.3% a year earlier but above 37.3% sequentially.
- Minor pointWeighing Solutions adjusted gross margin declined year over year and sequentially to 34.6%.
- Minor pointSensors gross margin was 32.4%, below 33.6% a year earlier but above 31.5% sequentially.
- Minor pointNine-month selling, general and administrative expenses rose to $95.241 million from $81.708 million a year earlier.
- Minor pointRestructuring costs rose to $275,000 quarterly and $1.498 million over nine months, versus $214,000 and $793,000.
- Minor point. Forward-looking: it has not happened yet and may not happen.Humanoid robot production preparations depend on the customer's updated production schedule.
News Explained
Beginning in fiscal 2026, VPG’s adjusted measures exclude share-based compensation, while GAAP results continue to include it; prior periods were recast, so year-over-year adjusted comparisons use the revised basis.
Key Figures
- Adjusted net revenue
- $87.4 million
- FY2026 Q3; up 9.6% year over year
- Orders
- Exceeding $100 million
- FY2026 Q3
- Adjusted consolidated book-to-bill
- 1.17
- FY2026 Q3; eighth consecutive quarter at or above 1.0
- Diluted EPS
- $0.04
- FY2026 Q3; compared with $0.59 in the prior-year quarter
- Operating margin
- 3.2%
- FY2026 Q3; compared with 12.7% in the prior-year quarter
- Net loss attributable to VPG stockholders
- $1.5 million
- Nine fiscal months ended October 3, 2026
- Adjusted free cash flow
- $5.5 million
- FY2026 Q3
- Net revenue outlook
- $84 million to $91 million
- FY2026 Q4 at constant FY2026 Q3 foreign exchange rates
Previous Earnings Reports
-
Fiscal 2025 Q1 revenue fell year over year and the company reported a diluted-share loss.
-
Fiscal 2024 Q4 revenue and diluted EPS declined year over year.
-
Fiscal 2024 Q3 revenue and diluted EPS declined, and the company reported a net loss.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
book-to-bill financial
adjusted ebitda financial
gaap financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
CHESTERBROOK, Pa., Nov. 04, 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 third quarter ended October 3, 2026.
Third Fiscal Quarter Highlights (comparisons are to the comparable period a year ago):
- GAAP net revenues of
$85.1 million ; adjusted net revenues* of$87.4 million . - GAAP net revenues reduced by
$2.3 million of tariff refunds passed through to customers, with no impact on gross profit. - Gross profit margin was
40.2% as compared to40.3% . - Adjusted gross profit margin* was
39.3% , as compared to40.5% . - Operating margin was
3.2% as compared to12.7% . - Adjusted operating margin* was
4.9% , as compared to6.9% . - Diluted net earnings per share of
$0.04 as compared to diluted net earnings per share of$0.59 . - Adjusted diluted net earnings per share* of
$0.14 as compared to$0.30 . - GAAP adjusted tax rate of
48% was higher than first-half 2026 runrate due to shift in the geographic mix of income, which reduced diluted net earnings per share by$0.03 . - Adjusted EBITDA* was
$8.2 million with an adjusted EBITDA margin* of9.4% .
Ziv Shoshani, Chief Executive Officer of VPG, commented, “Adjusted revenue of
Mr. Shoshani added: “We made solid progress on profitability and cash generation, improving gross margin and EBITDA sequentially while generating
Third Fiscal Quarter and Nine-Months Financial Trends:
The Company's third fiscal quarter 2026 net earnings attributable to VPG stockholders were
In the nine fiscal months ended October 3, 2026, net loss attributable to VPG stockholders was
The third fiscal quarter 2026 adjusted net earnings* were
In the nine fiscal months ended October 3, 2026, adjusted net earnings* were
All measures below for segment performance, including revenue and gross profit, exclude the impact of tariff refunds.
Segment Performance:
The Sensors segment bookings in the third fiscal quarter of 2026 of
The Sensors segment revenues of
Gross profit margin for the Sensors segment was
Third-quarter adjusted bookings for the Weighing Solutions segment of
The Weighing Solutions segment net revenues were
Gross profit margin for the Weighing Solutions segment was
The Measurement Systems segment bookings in the third fiscal quarter of 2026 of
The Measurement Systems segment revenues of
Gross profit margin for the Measurement Systems segment was
Near-Term Outlook
“For the fourth fiscal quarter of 2026 at constant third fiscal quarter 2026 foreign currency exchange rates, 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 net revenue" as net revenue less tariff refunds returned to customers. “Adjusted gross profit margin” is gross profit margin before start-up costs and acquisition purchase accounting adjustments. “Adjusted operating margin” is defined as operating margin before start-up costs, acquisition purchase accounting adjustments, restructuring costs, severance costs, share-based compensation expense, and gain on asset held for sale. “Adjusted net earnings” and “adjusted diluted net earnings per share” are defined as net earnings attributable to VPG stockholders before start-up costs, acquisition purchase accounting adjustments, restructuring costs, severance costs, share-based compensation expense, foreign currency exchange gains and losses and associated tax effects, and gain on asset held for sale. We define “Adjusted EBITDA” as earnings before interest, taxes, depreciation, and amortization, start-up costs, acquisition purchase accounting adjustments, restructuring costs, severance costs, foreign currency exchange gains and losses, share-based compensation expense, and gain on asset held for sale.
“Adjusted free cash flow” for the third 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, November 4, 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 | ||||||||
| October 3, 2026 | September 27, 2025 | |||||||
| Net revenues (a) | $ | 85,071 | $ | 79,728 | ||||
| Costs of products sold (b) | 50,890 | 47,603 | ||||||
| Gross profit | 34,181 | 32,125 | ||||||
| Selling, general and administrative expenses | 31,195 | 27,296 | ||||||
| Gain on asset held for sale | — | (5,544 | ) | |||||
| Restructuring costs | 275 | 214 | ||||||
| Operating income | 2,711 | 10,159 | ||||||
| Other expense: | ||||||||
| Interest expense | (272 | ) | (425 | ) | ||||
| Other | 398 | 159 | ||||||
| Other income (expense) | 126 | (266 | ) | |||||
| Income before taxes | 2,837 | 9,893 | ||||||
| Income tax expense | 2,053 | 1,961 | ||||||
| Net earnings | 784 | 7,932 | ||||||
| Less: net earnings attributable to noncontrolling interests | 225 | 74 | ||||||
| Net earnings attributable to VPG stockholders | $ | 559 | $ | 7,858 | ||||
| Basic earnings per share attributable to VPG stockholders | $ | 0.04 | $ | 0.59 | ||||
| Diluted earnings per share attributable to VPG stockholders | $ | 0.04 | $ | 0.59 | ||||
| Weighted average shares outstanding - basic | 13,320 | 13,279 | ||||||
| Weighted average shares outstanding - diluted | 13,431 | 13,344 | ||||||
| (a) Net revenues for the fiscal quarter ended October 3, 2026 are reduced by | ||||||||
| (b) Costs of product sold for the fiscal quarter ended October 3, 2026 are reduced by | ||||||||
VISHAY PRECISION GROUP, INC.
Consolidated Condensed Statements of Operations
(Unaudited - In thousands, except per share amounts)
| Nine Fiscal Months Ended | ||||||||
| October 3, 2026 | September 27, 2025 | |||||||
| Net revenues (a) | $ | 253,359 | $ | 226,630 | ||||
| Costs of products sold (b) | 153,864 | 136,866 | ||||||
| Gross profit | 99,495 | 89,764 | ||||||
| Selling, general and administrative expenses | 95,241 | 81,708 | ||||||
| Gain on asset held for sale | — | (5,544 | ) | |||||
| Restructuring costs | 1,498 | 793 | ||||||
| Operating income | 2,756 | 12,807 | ||||||
| Other expense: | ||||||||
| Interest expense | (945 | ) | (1,525 | ) | ||||
| Other | (987 | ) | (1,781 | ) | ||||
| Other expense | (1,932 | ) | (3,306 | ) | ||||
| Income before taxes | 824 | 9,501 | ||||||
| Income tax expense | 2,033 | 2,220 | ||||||
| Net (loss) earnings | (1,209 | ) | 7,281 | |||||
| Less: net earnings attributable to noncontrolling interests | 271 | 117 | ||||||
| Net (loss) earnings attributable to VPG stockholders | $ | (1,480 | ) | $ | 7,164 | |||
| Basic (loss) earnings per share attributable to VPG stockholders | $ | (0.11 | ) | $ | 0.54 | |||
| Diluted (loss) earnings per share attributable to VPG stockholders | $ | (0.11 | ) | $ | 0.54 | |||
| Weighted average shares outstanding - basic | 13,283 | 13,260 | ||||||
| Weighted average shares outstanding - diluted | 13,283 | 13,307 | ||||||
| (a) Net revenues for the nine fiscal months ended October 3, 2026 are reduced by | ||||||||
| (b) Costs of product sold for the nine fiscal months ended October 3, 2026 are reduced by | ||||||||
VISHAY PRECISION GROUP, INC.
Consolidated Condensed Balance Sheets
(In thousands)
| October 3, 2026 | December 31, 2025 | |||||||
| (Unaudited) | ||||||||
| Assets | ||||||||
| Current assets: | ||||||||
| Cash and cash equivalents | $ | 80,853 | $ | 87,366 | ||||
| Accounts receivable, net | 63,100 | 56,348 | ||||||
| Inventories: | ||||||||
| Raw materials | 32,566 | 32,760 | ||||||
| Work in process | 31,841 | 25,794 | ||||||
| Finished goods | 22,926 | 24,269 | ||||||
| Inventories, net | 87,333 | 82,823 | ||||||
| Prepaid expenses and other current assets | 23,574 | 20,425 | ||||||
| Total current assets | 254,860 | 246,962 | ||||||
| Property and equipment: | ||||||||
| Land | 2,363 | 2,382 | ||||||
| Buildings and improvements | 80,810 | 78,737 | ||||||
| Machinery and equipment | 143,284 | 137,230 | ||||||
| Software | 12,270 | 11,692 | ||||||
| Construction in progress | 4,839 | 4,162 | ||||||
| Accumulated depreciation | (165,794 | ) | (158,123 | ) | ||||
| Property and equipment, net | 77,772 | 76,080 | ||||||
| Goodwill | 47,046 | 47,367 | ||||||
| Intangible assets, net | 35,128 | 38,227 | ||||||
| Operating lease right-of-use assets | 22,071 | 22,892 | ||||||
| Other non-current assets | 26,435 | 24,361 | ||||||
| Total assets | $ | 463,311 | $ | 455,889 | ||||
VISHAY PRECISION GROUP, INC.
Consolidated Condensed Balance Sheets
(In thousands)
| October 3, 2026 | December 31, 2025 | |||||||
| (Unaudited) | ||||||||
| Liabilities and equity | ||||||||
| Current liabilities: | ||||||||
| Trade accounts payable | $ | 16,120 | $ | 10,530 | ||||
| Payroll and related expenses | 22,176 | 19,569 | ||||||
| Other accrued expenses and other current liabilities | 27,826 | 20,833 | ||||||
| Current portion of operating lease liabilities | 4,857 | 4,347 | ||||||
| Total current liabilities | 70,979 | 55,279 | ||||||
| Long-term debt | 15,668 | 20,583 | ||||||
| Deferred income taxes | 3,663 | 3,834 | ||||||
| Operating lease liabilities | 18,418 | 19,547 | ||||||
| Other non-current liabilities | 14,740 | 14,200 | ||||||
| Accrued pension and other postretirement costs | 6,449 | 6,219 | ||||||
| Total liabilities | 129,917 | 119,662 | ||||||
| Equity: | ||||||||
| Common stock, par value | 1,344 | 1,340 | ||||||
| Class B convertible common stock, par value | 103 | 103 | ||||||
| Treasury stock, at cost - 1,137,995 shares held at October 3, 2026 and December 31, 2025 | (25,335 | ) | (25,335 | ) | ||||
| Capital in excess of par value | 206,275 | 204,360 | ||||||
| Retained earnings | 195,790 | 197,270 | ||||||
| Accumulated other comprehensive loss | (44,813 | ) | (41,367 | ) | ||||
| Total Vishay Precision Group, Inc. stockholders' equity | 333,364 | 336,371 | ||||||
| Noncontrolling interests | 30 | (144 | ) | |||||
| Total equity | 333,394 | 336,227 | ||||||
| Total liabilities and equity | $ | 463,311 | $ | 455,889 | ||||
VISHAY PRECISION GROUP, INC.
Consolidated Condensed Statements of Cash Flows
(Unaudited - In thousands)
| Nine Fiscal Months Ended | ||||||||
| October 3, 2026 | September 27, 2025 | |||||||
| Operating activities | ||||||||
| Net (loss) earnings | $ | (1,209 | ) | $ | 7,281 | |||
| Adjustments to reconcile net earnings to net cash provided by operating activities: | ||||||||
| Depreciation and amortization | 12,482 | 11,878 | ||||||
| (Gain) loss on sale of property and equipment | (137 | ) | 64 | |||||
| Gain on asset held for sale | — | (5,544 | ) | |||||
| Share-based compensation expense | 2,285 | 1,550 | ||||||
| Inventory write-offs for obsolescence | 2,054 | 2,334 | ||||||
| Deferred expense taxes | (1,409 | ) | (2,322 | ) | ||||
| Foreign currency impacts and other items | 517 | 270 | ||||||
| Net changes in operating assets and liabilities: | ||||||||
| Accounts receivable | (7,497 | ) | (6,223 | ) | ||||
| Inventories | (7,398 | ) | (2,084 | ) | ||||
| Prepaid expenses and other current assets | (3,462 | ) | (2,863 | ) | ||||
| Trade accounts payable | 4,817 | 323 | ||||||
| Other current liabilities | 10,365 | 6,499 | ||||||
| Other non current assets and liabilities, net | (386 | ) | (1,335 | ) | ||||
| Accrued pension and other postretirement costs, net | (281 | ) | 126 | |||||
| Net cash provided by operating activities | 10,741 | 9,954 | ||||||
| Investing activities | ||||||||
| Capital expenditures | (10,624 | ) | (4,953 | ) | ||||
| Proceeds from sale of property and equipment | 301 | 10,891 | ||||||
| Net cash (used in) provided investing activities | (10,323 | ) | 5,938 | |||||
| Financing activities | ||||||||
| Repayments on revolving facility | (5,000 | ) | (11,000 | ) | ||||
| (Distributions) contributions from noncontrolling interests | (96 | ) | 36 | |||||
| Payments of employee taxes on certain share-based arrangements | (375 | ) | (256 | ) | ||||
| Net cash used in financing activities | (5,471 | ) | (11,220 | ) | ||||
| Effect of exchange rate changes on cash and cash equivalents | (1,460 | ) | 2,309 | |||||
| (Decrease) increase in cash and cash equivalents | (6,513 | ) | 6,981 | |||||
| Cash and cash equivalents at beginning of period | 87,366 | 79,272 | ||||||
| Cash and cash equivalents at end of period | $ | 80,853 | $ | 86,253 | ||||
| Supplemental disclosure of investing transactions: | ||||||||
| Capital expenditures accrued but not yet paid | $ | 1,817 | $ | 1,239 | ||||
VISHAY PRECISION GROUP, INC.
Schedule of Adjusted Revenues and Gross Profit
(Unaudited - In thousands)
| Fiscal Quarter Ended | Nine Fiscal Months Ended | |||||||||||
| October 3, 2026 | October 3, 2026 | |||||||||||
| GAAP (a) | Adjusted (b) | GAAP (a) | Adjusted (b) | |||||||||
| Net revenues | $ | 85,071 | $ | 87,409 | $ | 253,359 | $ | 255,697 | ||||
| Gross profit | 34,181 | 34,181 | 99,495 | 99,495 | ||||||||
| (a) Net revenues for the fiscal quarter ended October 3, 2026 and nine fiscal months ended October 3, 2026 are reduced by | ||||||||||||
| (b) Adjusted net revenues for the third fiscal quarter ended October 3, 2026 and nine fiscal months ended October 3, 2026 exclude | ||||||||||||
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 | October 3, 2026 | September 27, 2025 | October 3, 2026 | September 27, 2025 | October 3, 2026 | September 27, 2025 | October 3, 2026 | September 27, 2025 | ||||||||||||||||||||||||
| As reported - GAAP | $ | 34,181 | $ | 32,125 | $ | 2,711 | $ | 10,159 | $ | 559 | $ | 7,858 | $ | 0.04 | $ | 0.59 | ||||||||||||||||
| As reported - GAAP Margins | 40.2 | % | 40.3 | % | 3.2 | % | 12.7 | % | — | — | - | — | ||||||||||||||||||||
| Start-up costs (a) | 141 | 37 | 141 | 37 | 141 | 37 | 0.01 | 0.00 | ||||||||||||||||||||||||
| Acquisition purchase accounting adjustments (b) | — | 111 | — | 111 | — | 111 | - | 0.01 | ||||||||||||||||||||||||
| Restructuring costs | — | — | 275 | 214 | 275 | 214 | 0.02 | 0.02 | ||||||||||||||||||||||||
| Severance cost | — | — | 391 | — | 391 | — | 0.03 | — | ||||||||||||||||||||||||
| Share-based compensation cost (c) | — | 730 | 490 | 730 | 490 | 0.06 | 0.04 | |||||||||||||||||||||||||
| Foreign currency exchange (gain) loss | — | — | — | — | (414 | ) | 101 | (0.03 | ) | 0.01 | ||||||||||||||||||||||
| Less: Gain on asset held for sale (d) | — | — | — | 5,544 | — | 5,544 | - | 0.42 | ||||||||||||||||||||||||
| Less: Tax effect of reconciling items and discrete tax items (e) | — | — | — | — | (161 | ) | (627 | ) | (0.01 | ) | (0.05 | ) | ||||||||||||||||||||
| As Adjusted - Non GAAP | $ | 34,322 | $ | 32,273 | $ | 4,248 | $ | 5,467 | $ | 1,843 | 3,894 | $ | 0.14 | $ | 0.30 | |||||||||||||||||
| As Adjusted - Non GAAP Margins (f) | 39.3 | % | 40.5 | % | 4.9 | % | 6.9 | % | ||||||||||||||||||||||||
| Gross Profit | Operating Income | Net (Loss) Earnings Attributable to VPG Stockholders | Diluted (Loss) Earnings Per share | |||||||||||||||||||||||||||||
| Nine Fiscal Months Ended | October 3, 2026 | September 27, 2025 | October 3, 2026 | September 27, 2025 | October 3, 2026 | September 27, 2025 | October 3, 2026 | September 27, 2025 | ||||||||||||||||||||||||
| As reported - GAAP | $ | 99,495 | 89,764 | $ | 2,756 | 12,806 | $ | (1,480 | ) | 7,164 | $ | (0.11 | ) | 0.54 | ||||||||||||||||||
| As reported - GAAP Margins | 39.3 | % | 39.6 | % | 1.1 | % | 5.7 | % | — | — | — | — | ||||||||||||||||||||
| Start-up costs (a) | 141 | 757 | 141 | 757 | 141 | 757 | $ | 0.01 | 0.06 | |||||||||||||||||||||||
| Acquisition purchase accounting adjustments (b) | — | 111 | — | 111 | — | 111 | $ | — | 0.01 | |||||||||||||||||||||||
| Restructuring costs | — | — | 1,498 | 793 | 1,498 | 793 | $ | 0.11 | 0.06 | |||||||||||||||||||||||
| Severance cost | — | — | 587 | 398 | 587 | 398 | $ | 0.04 | 0.03 | |||||||||||||||||||||||
| Share-based compensation cost (c) | — | 8 | 2,285 | 1,548 | 2,285 | 1,548 | $ | 0.18 | 0.12 | |||||||||||||||||||||||
| Foreign currency exchange loss | — | — | — | — | 1,073 | 2,836 | $ | 0.08 | 0.21 | |||||||||||||||||||||||
| Less: Gain on asset held for sale (d) | — | — | — | 5,544 | — | 5,544 | $ | — | 0.42 | |||||||||||||||||||||||
| Less: Tax effect of reconciling items and discrete tax items | — | — | — | — | 767 | 616 | $ | 0.06 | 0.05 | |||||||||||||||||||||||
| As Adjusted - Non GAAP | $ | 99,636 | $ | 90,640 | $ | 7,267 | $ | 10,870 | $ | 3,337 | $ | 7,448 | $ | 0.25 | $ | 0.56 | ||||||||||||||||
| As Adjusted - Non GAAP Margins(f) | 39.0 | % | 40.0 | % | 2.8 | % | 4.8 | % | ||||||||||||||||||||||||
| (a) Start-up costs following manufacturing relocations | ||||||||||||||||||||||||||||||||
| (b) Nokra GmbH acquisition | ||||||||||||||||||||||||||||||||
| (c) Share-based compensation cost excluded for non-GAAP results, beginning in fiscal 2026, with prior period comparability | ||||||||||||||||||||||||||||||||
| (d) Gain on Sale of Manufacturing Facility in Kent, Washington | ||||||||||||||||||||||||||||||||
| (e) Includes tax item arising from changes in the geographic mix of pre-tax income, which affected the Company's estimated annual effective tax rate | ||||||||||||||||||||||||||||||||
| (f) Based on Adjusted Revenue | ||||||||||||||||||||||||||||||||
VISHAY PRECISION GROUP, INC.
Reconciliation of Adjusted Gross Profit by segment
(Unaudited - In thousands)
| Fiscal Quarter Ended | ||||||||||||
| October 3, 2026 | September 27, 2025 | July 4, 2026 | ||||||||||
| Sensors | ||||||||||||
| Net revenues | 38,365 | 31,624 | 33,418 | |||||||||
| As reported - GAAP | 12,447 | 10,626 | 10,523 | |||||||||
| As reported - GAAP Margins | 32.4 | % | 33.6 | % | 31.5 | % | ||||||
| Start-up costs | 63 | 37 | — | |||||||||
| As Adjusted - Non GAAP | 12,510 | 10,663 | 10,523 | |||||||||
| As Adjusted - Non GAAP Margins | 32.6 | % | 33.7 | % | 31.5 | % | ||||||
| Weighing Solutions | ||||||||||||
| Adjusted net revenues - Non GAAP (a) | 26,923 | 27,538 | 30,349 | |||||||||
| As reported - GAAP | 9,243 | 11,110 | 11,325 | |||||||||
| As reported - GAAP Margins | 37.6 | % | 40.3 | % | 37.3 | % | ||||||
| Start-up costs | 78 | — | — | |||||||||
| As Adjusted - Non GAAP | 9,321 | 11,110 | 11,325 | |||||||||
| As Adjusted - Non GAAP Margins | 34.6 | % | 40.3 | % | 37.3 | % | ||||||
| Measurement Systems | ||||||||||||
| Net revenues | 22,121 | 20,566 | 20,169 | |||||||||
| As reported - GAAP | 12,491 | 10,389 | 10,591 | |||||||||
| As reported - GAAP Margins | 56.5 | % | 50.5 | % | 52.5 | % | ||||||
| Acquisition purchase accounting adjustments | — | 111 | — | |||||||||
| As Adjusted - Non GAAP | 12,491 | 10,500 | 10,591 | |||||||||
| As Adjusted - Non GAAP Margins | 56.5 | % | 51.1 | % | 52.5 | % | ||||||
| (a) Adjusted net revenues for Weighing solutions segment for the fiscal quarter ended October 3, 2026 exclude | ||||||||||||
VISHAY PRECISION GROUP, INC.
Reconciliation of Adjusted EBITDA
(Unaudited - In thousands)
| Fiscal Quarter Ended | ||||||||||||
| October 3, 2026 | September 27, 2025 | July 4, 2026 | ||||||||||
| Net earnings (loss) attributable to VPG stockholders | $ | 559 | $ | 7,858 | $ | (1,720 | ) | |||||
| Interest Expense | 272 | 425 | 345 | |||||||||
| Income tax expense (benefit) | 2,053 | 1,961 | (148 | ) | ||||||||
| Depreciation | 3,214 | 3,003 | 3,093 | |||||||||
| Amortization | 982 | 986 | 984 | |||||||||
| Restructuring costs | 275 | 214 | 773 | |||||||||
| Severance cost | 391 | — | 196 | |||||||||
| Start-up costs (a) | 141 | 37 | — | |||||||||
| Acquisition purchase accounting adjustments (b) | — | 111 | — | |||||||||
| Share-based compensation cost (c) | 730 | 490 | 718 | |||||||||
| Foreign currency exchange (gain) loss | (414 | ) | 101 | 1,244 | ||||||||
| Gain on asset held for sale (d) | — | (5,544 | ) | — | ||||||||
| ADJUSTED EBITDA | $ | 8,203 | $ | 9,642 | $ | 5,485 | ||||||
| ADJUSTED EBITDA MARGIN (e) | 9.4 | % | 12.1 | % | 6.5 | % | ||||||
| (a) Start-up costs following manufacturing relocations | ||||||||||||
| (b) Nokra GmbH acquisition | ||||||||||||
| (c) Share-based compensation cost excluded for non-GAAP results, beginning in fiscal 2026, with prior period comparability | ||||||||||||
| (d) Gain on Sale of Manufacturing Facility in Kent, Washington | ||||||||||||
| (e) Based on Adjusted Revenue | ||||||||||||
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What were VPG's third-quarter 2026 adjusted revenue and earnings?
VPG reported $87.4 million in adjusted revenue and $0.14 in adjusted diluted earnings per share for the quarter ended October 3, 2026. Adjusted revenue increased 9.6% year over year, while adjusted diluted earnings declined from $0.30 per share.
What is VPG's fourth-quarter 2026 revenue outlook?
VPG expects fourth-quarter net revenue of $84 million to $91 million at constant third-quarter 2026 foreign exchange rates. The outlook excludes fourth-quarter tariff refunds to customers, which will have no impact on profits.
How did VPG change its adjusted financial measures in fiscal 2026?
VPG began excluding share-based compensation expense from certain adjusted financial measures in fiscal 2026. Prior-period adjusted measures were recast to match the new presentation. Share-based compensation remains included in GAAP results and is separately identified in the reconciliations.
What drove VPG's record Sensors bookings in the third quarter of 2026?
VPG attributed record Sensors bookings to demand in AI-driven applications and continued aerospace and defense demand. The AI-related applications included precision resistors used in semiconductor equipment, data centers and fiber optics.