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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 (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.
Vishay Precision Group (NYSE: VPG), a leader in precision measurement and sensing technologies, has announced its second quarter fiscal 2024 earnings conference call scheduled for August 6, 2024. The company will release its financial results before the market opens, followed by a conference call at 9:00 a.m. U.S. eastern time. CEO Ziv Shoshani and CFO Bill Clancy will host the call.
Interested parties can access the call by dialing 1-833-470-1428 (U.S.) or +1-404-975-4839 (international) with passcode 707756. 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), a leader in precision measurement and sensing technologies, will present at the Noble Capital Markets' Emerging Growth Virtual Equity Conference on June 27, 2024, at 12:30 p.m. ET. The event will feature a fireside chat-style Q&A session with questions from the live virtual audience. Attendees can register for free via the Virtual Equity Conference Registration link. A video webcast of the presentation will be available on VPG's website after the event. For more details or to schedule a one-on-one meeting, contact Noble Capital Markets or VPG directly.
Vishay Precision Group (NYSE: VPG), a leader in precision measurement and sensing technologies, has announced its participation in the Sidoti June 2024 Small-Cap Investor Virtual Conference. The event is scheduled for Wednesday, June 12, 2024, at 11:30 a.m. ET. VPG will provide a live and on-demand webcast of their presentation, accessible to the public via a specified link and on their investor relations website. For additional information or to arrange one-on-one meetings, interested parties can contact VPG directly through their provided email.
Vishay Precision Group, Inc. (VPG) reported its fiscal 2024 first quarter results, with revenues of $80.8 million, a 9.1% decrease from the previous year. The gross profit margin was 43.4%, operating margin at 8.6%, and diluted net earnings per share of $0.44. The company achieved an adjusted EBITDA margin of 15.3% and generated $6.4 million from operating activities. Despite challenges in specific market segments, VPG remains optimistic about improved demand in the latter half of the year. The company continues to focus on business development and capital allocation to drive growth.
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