Welcome to our dedicated page for Vishay Precision Group news (Ticker: VPG), a resource for investors and traders seeking the latest updates and insights on Vishay Precision Group stock.
Vishay Precision Group, Inc. (VPG) is a global leader in the design, manufacture, and marketing of high-precision sensors, weighing solutions, and measurement systems. The company is renowned for its advanced resistive foil technology and serves diverse markets that require precise measurement of stress, force, weight, pressure, and current.
The company's portfolio includes precision foil resistors, foil strain gauges, load cells, and sensor-based systems, making it the market leader in foil technology products. VPG's products stand out in their reliability and accuracy, making them essential in industries such as aerospace, military, industrial, consumer electronics, and healthcare.
VPG operates through three main segments:
- Sensors Segment: This segment specializes in precision resistors and strain gauges. It provides critical measurement solutions to markets requiring high-accuracy components, including avionics, military, and space applications.
- Weighing Solutions Segment: Focuses on load cells and weighing systems that are utilized in various sectors like precision agriculture, construction, and industrial weighing. The segment has seen significant growth due to increased sales in these markets.
- Measurement Systems Segment: Delivers sophisticated measurement systems for steel production and diversified technical applications. The segment has shown robust performance with increased revenues, particularly in the steel market.
Recent Achievements: In the second fiscal quarter of 2023, VPG reported strong financial results with an increase in revenue and adjusted gross margin. Sequentially, the company grew its adjusted EBITDA by 13.0% and adjusted free cash flow by 29.7%. The third quarter saw mixed results with higher sales in the Measurement Systems segment, although overall orders decreased due to economic trends impacting some markets.
VPG has demonstrated a solid financial foundation, evidenced by its consistent cash flow generation and strategic stock repurchases. The company is poised for future growth with a focus on expanding applications for its precision measurement and sensing technologies.
Partnerships and Innovation: VPG continues to innovate by leveraging its proprietary technology in precision resistors and strain gauges. The company maintains strong customer relationships and is committed to developing new products and solutions that meet the evolving needs of its markets.
For more detailed information about VPG, visit their official website at www.vpgsensors.com.
Vishay Precision Group (VPG) has appointed Nava Swersky Sofer as a new independent director to its Board, effective immediately. Sofer brings extensive experience as a strategic consultant, venture capitalist, and thought leader in innovation and technology commercialization. Her background includes serving as president and CEO of Yissum Hebrew University Technology Transfer (2005-2009), partnership roles at various venture capital firms (1995-2005), and vice president position at Novartis (1991-1996).
With a law degree from Tel Aviv University and an MBA from IMD, Sofer has lectured on innovation and entrepreneurship at major universities globally since 2009 and has served on numerous public and private boards, including Brenmiller Energy and the Israel Innovation Authority.
Vishay Precision Group (VPG) has announced its participation in two upcoming investor conferences in December 2024. The company will present at the Sidoti December 2024 Small-Cap Investor Virtual Conference on December 5 at 9:15 a.m. ET, with a live and on-demand webcast available to the public. Additionally, VPG will attend the 13th Annual NYC Summit on December 17 in New York, an independent conference featuring 17 technology companies in a round-robin format with small group management meetings.
Vishay Precision Group (VPG) reported fiscal 2024 third quarter results with revenues of $75.7 million, showing an 11.8% decrease year-over-year. The company experienced a net loss of $(1.4) million, or $(0.10) per diluted share, compared to earnings of $6.3 million, or $0.46 per share in Q3 2023. Operating margin declined to 5.1% from 9.6%, while gross profit margin decreased to 40.0% from 41.9%. Total orders were $68.6 million with a book-to-bill ratio of 0.91. The company expects Q4 2024 revenues between $70-78 million. Performance was impacted by soft cyclical markets in steel and consumer sectors, while test and measurement and avionics showed improvement.
Vishay Precision Group (NYSE: VPG), a leader in precision measurement and sensing technologies, has announced the date for its Third Quarter Fiscal 2024 Earnings Conference Call. The company will release its financial results on Tuesday, November 5, 2024, before the market opens. CEO Ziv Shoshani and CFO Bill Clancy will host a conference call at 9:00 a.m. U.S. eastern time on the same day.
Interested parties can access the call by dialing 1-833-470-1428 (U.S.) or +1-404-975-4839 (international) using passcode 148407. A live webcast will be available on the VPG website's investor relations section. A replay will be accessible via phone and on the company's website for a time after the call.
Vishay Precision Group (NYSE: VPG) has released its inaugural Sustainability Report, highlighting the company's Environmental, Social, and Governance (ESG) efforts from 2022 to 2023. The report showcases key achievements in areas such as energy management, product quality, business ethics, and information security.
Notable accomplishments include:
- 13% reduction in electrical energy use intensity from 2021 baseline
- Zero product recalls for potential manufacturing or design defects in 2023
- Updated Anti-Bribery and Anti-Corruption policies with senior-level employee training in 2023
- Zero material information security breaches, penalties, or settlements in 2023
CEO Ziv Shoshani emphasized that this report marks a significant milestone in VPG's sustainability journey, reflecting the company's commitment to integrity and honesty. The full report is available on VPG's website.
Vishay Precision Group (VPG) has acquired Nokra Optische Prueftechnik & Automation GmbH, a German manufacturer of precision measuring and testing equipment. This acquisition enhances VPG's productivity solutions for the steel and metal processing industries. Nokra's laser-based measuring systems complement VPG's existing KELK measurement and inspection solutions for steel and aluminum rolling mills.
The acquisition aligns with VPG's long-term strategy to address growing opportunities in optimized production and quality control solutions. Nokra's systems offer a high-value alternative to existing technologies in the market, providing precise measurements of thickness, flatness, contour, width, and 3D profiles of various metals in both inline and offline production settings. The terms of the transaction were not disclosed.
Vishay Precision Group (VPG), a leader in precision measurement and sensing technologies, has announced its participation in the Sidoti September 2024 Small-Cap Investor Virtual Conference. The company will present on Thursday, September 19, 2024 at 10:45 a.m. ET.
A live and on-demand webcast of VPG's presentation will be accessible to the public through a dedicated link or via the company's website. Interested parties can access the webcast at https://sidoti.zoom.us/webinar/VPG or ir.vpgsensors.com/events.
For additional information or assistance in arranging one-on-one meetings during the conference, interested parties are encouraged to contact VPG at info@vpgsensors.com.
Vishay Precision Group (NYSE: VPG), a leader in precision measurement and sensing technologies, has appointed Erez Lorber as an independent director to its Board, effective immediately. Lorber brings extensive technology expertise and entrepreneurial success to VPG. His background includes serving as CEO of Questar Auto Technologies (2020-2023), COO at Storedot (2015-2020), and CEO roles at BackWeb Technologies, Tri-Logical Technologies, and Deloitte Consulting of Israel. Lorber currently serves on the board of CIPIA and previously held directorships at CopperGate and FlashNetworks. He holds a degree from Temple University and an MBA from Tel Aviv University.
Vishay Precision Group (NYSE: VPG), a leader in precision measurement and sensing technologies, has announced its participation in the Jefferies 2024 Industrials Conference. The event is scheduled for September 4, 2024, at 11:35 a.m. ET in New York, NY.
Investors and interested parties can access a live and on-demand webcast of VPG's presentation through the provided link or the company's website. VPG is also offering opportunities for one-on-one meetings during the conference, which can be arranged by contacting info@vpgsensors.com.
This presentation at a major industrial conference provides VPG with a platform to showcase its technologies and connect with potential investors and industry professionals.
Vishay Precision Group (NYSE: VPG) reported its fiscal 2024 second quarter results, showing a 14.8% decrease in revenues to $77.4 million compared to the previous year. The company's gross profit margin slightly declined to 41.9% from 42.6% a year ago. Operating margin decreased to 7.6% from 13.0%, while diluted earnings per share fell to $0.34 from $0.60. Despite challenging market conditions, VPG maintained a strong balance sheet and solid cash flow, focusing on cost-reduction initiatives and strategic business development. The company's book-to-bill ratio improved slightly to 0.95, with orders of $73.5 million. For the third fiscal quarter of 2024, VPG expects net revenues between $70 million and $78 million at constant second fiscal quarter 2024 foreign currency exchange rates.
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