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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.
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.
Vishay Precision Group (NYSE: VPG) will present at the Sidoti Spring 2022 Virtual Conference on March 23, 2022, at 8:30 a.m. ET. The presentation will highlight VPG's advancements in precision measurement sensing technologies. A live and on-demand webcast will be accessible to the public through a provided link and VPG’s official website. VPG focuses on enhancing product performance across various markets with its innovative sensors and measurement systems. For further inquiries, interested parties can contact investors@vpgsensors.com.
Vishay Precision Group (NYSE: VPG) announced a new corporate strategy and reporting structure aimed at enhancing growth and optimizing financial performance. This evolution will leverage core technologies and emphasize precision measurement solutions across three newly defined segments: Sensors, Weighing Solutions, and Measurement Systems. Chairman Marc Zandman expressed excitement about the potential for increased growth and M&A opportunities. The announcement coincided with the fourth quarter earnings call scheduled for February 16, 2022, where these changes will be discussed further.
Vishay Precision Group (NYSE: VPG) reported robust fiscal 2021 results, achieving revenues of $317.9 million, up 17.8% from the previous year. In Q4 alone, revenues reached $90.0 million, a 19.3% increase year-over-year. Adjusted diluted earnings per share rose to $1.87, with Q4 at $0.56. The company adopted a new operational structure, dividing its business into Sensors, Weighing Solutions, and Measurement Systems segments. Despite a promising outlook, VPG acknowledged potential impacts from ongoing COVID-19 uncertainties.
Vishay Precision Group (NYSE: VPG) will announce its fourth-quarter financial results for fiscal 2021 on February 15, 2022, after market close. A conference call with CEO Ziv Shoshani and CFO Bill Clancy is scheduled for February 16, 2022, at 9:00 a.m. ET. Investors can join the call by dialing 1-888-317-6003 (US) or 1-412-317-6061 (international) and using passcode 5963923, or through the VPG investor relations website. A replay will be available post-call. For more details on VPG's precision sensor products, visit their website.
Vishay Precision Group (VPG), a leader in precision sensors, will participate in the 24th Needham Virtual Growth Conference on January 13, 2022, at 8:30 a.m. ET. The event will be held in New York City, and a live webcast will be available for public access. Interested parties can view the presentation via the provided link or on VPG's official website. VPG specializes in resistive foil technology and sensor-based systems in various measurement markets.
Vishay Precision Group (VPG) announced the addition of Sejal Shah Gulati to its Board of Directors effective January 1, 2022. Her extensive background includes roles in digital marketing and business management at firms such as NOW™ and Genpact Limited. Chairman Marc Zandman expressed enthusiasm for her strategic insights, which are expected to enhance shareholder value. Ms. Gulati's prior leadership experience at American Express and her academic credentials from Princeton and Harvard further reinforce her qualifications.
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