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 (NYSE: VPG) will present at the Sidoti Small-Cap Virtual Conference on September 21, 2022, at 10:45 a.m. ET. The presentation will be available as a live webcast and on-demand access can be found via the company's presentation link. For one-on-one meetings during the event, contact info@vpgsensors.com.
Vishay Precision Group (NYSE: VPG) reported strong financial results for Q2 2022, with revenues of $88.6 million, up 17.6% year-over-year. Gross profit margin improved to 42.1% from 39.6% a year ago, while diluted EPS rose to $0.79 compared to $0.29. Adjusted net earnings were $9.3 million, or $0.68 per share. The company is also experiencing robust demand, with a record backlog of $171.4 million. However, foreign exchange rates pose challenges. VPG's Board approved a stock repurchase plan for up to 600,000 shares.
Vishay Precision Group (NYSE: VPG) has approved a stock repurchase plan to buy back up to 600,000 shares by August 11, 2023. This initiative aims to enhance shareholder value, supported by the company's strong balance sheet and cash generation capabilities. Shares will be repurchased in open markets or through negotiated transactions, allowing flexible execution based on market conditions. Funding will come from cash reserves and operational cash flow. As of today, VPG has approximately 12.6 million shares of common stock outstanding.
Vishay Precision Group (NYSE: VPG), a leader in precision measurement sensing technologies, will present at the Jefferies 2022 Industrials Conference on August 10, 2022, at 9:30 a.m. ET. A live and on-demand webcast of the presentation will be accessible through the webcast link or on its website. For inquiries regarding one-on-one meetings, contact info@vpgsensors.com.
Vishay Precision Group (VPG), a leader in precision measurement technologies, is set to release its Q2 2022 financial results on August 8, 2022, after market close. A conference call hosted by CEO Ziv Shoshani and CFO Bill Clancy will follow on August 9, 2022, at 9:00 a.m. ET. Stakeholders can join the call by dialing 1-844-200-6205 or visiting VPG's investor relations website. A replay will be available approximately an hour after the call. For further information, visit VPG's website.
Vishay Precision Group (NYSE: VPG) is set to participate in the 12th Annual East Coast IDEAS Investor Virtual Conference on June 23, 2022. The company's presentation will be available on demand starting June 22, 2022, at 6:00 am ET. Investors can access the presentation via the conference website or directly through the provided link. For one-on-one meetings with VPG, details are available on their website. VPG specializes in precision measurement sensing technologies, enhancing product performance across various markets.
MALVERN, Pa., May 31, 2022 – Vishay Precision Group (NYSE: VPG), a leader in precision measurement technologies, will present at the Stifel 2022 Cross Sector Insight Investor Conference on June 9, 2022, at 10:20 a.m. ET. A live and on-demand webcast of VPG's presentation will be accessible to the public.
For details, visit the VPG presentation link or visit VPG's website.
Vishay Precision Group has launched the ACCUCAMB Camber Gage Model C885, an innovative solution designed to enhance hot strip mill operations. This advanced gage utilizes non-contact opto-electronics to measure bar shapes and strip positions in real time, helping to reduce scrap and improve productivity. Its compact design allows for easy installation in tight spaces, while advanced algorithms streamline setup. The ACCUCAMB C885 complements KELK's existing product lineup aimed at optimizing rolling mill processes.
Vishay Precision Group (VPG) reported strong Q1 2022 results, with revenues reaching $87.7 million, a 24.2% year-over-year increase. The gross profit margin stood at 40.2% and the diluted EPS rose to $0.46, up from $0.36 in Q1 2021. Adjusted EPS improved to $0.49 from $0.31. The book-to-bill ratio was 1.25, with record orders of $109.6 million contributing to a backlog of $170.6 million. VPG anticipates Q2 revenues between $88 million and $96 million.
Vishay Precision Group (NYSE: VPG) will release its first quarter fiscal 2022 financial results on May 9, 2022, after market close. The conference call to discuss these results is scheduled for May 10, 2022, at 9:00 a.m. ET. Interested participants can join by calling 1-844-200-6205 (U.S.) or +1-929-526-1599 (international) with passcode 097090. A replay will be available shortly after the call, along with additional details on VPG's investor relations website.
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