Vishay Precision Group, Inc. - VPG STOCK NEWS

Vishay Precision Group (VPG) reported robust second fiscal quarter results for 2021, with revenues reaching $75.3 million, a 27.4% increase year-over-year. The adjusted gross profit margin improved to 42.3%, while adjusted diluted earnings per share were $0.49, up from $0.27 a year earlier. The company achieved a book-to-bill ratio of 1.40, indicating strong demand. However, a non-cash impairment charge of $1.2 million was noted. VPG anticipates third quarter revenues between $81 million and $87 million.

Vishay Precision Group, Inc. (NYSE: VPG) will announce its Q2 fiscal 2021 financial results on August 10, 2021, before market opening. CEO Ziv Shoshani and CFO Bill Clancy will hold a conference call at 10:00 a.m. ET. Interested parties can join via phone or through the investor relations section of the VPG website. A replay will be accessible post-call. VPG specializes in precision sensors and systems, notably in stress, force, weight, pressure, and current measurements, and is recognized for its resistive foil technology.

Vishay Precision Group (VPG) will present at the Stifel 2021 Virtual Cross Sector Insight Conference on June 10, 2021, at 8:40 AM EDT. The management's presentation will focus on VPG's recent acquisition of Diversified Technical Systems, Inc. (DTS). A live webcast and replay will be available on VPG's website. Additionally, the company is open for one-on-one meetings with conference attendees. For more details, contact VPG's investor relations.

Vishay Precision Group (VPG) has acquired Diversified Technical Systems (DTS) for approximately $47 million. This strategic acquisition aims to enhance VPG's capabilities in data acquisition systems and sensors, particularly for safety testing applications in automotive and defense sectors. DTS generated about $32 million in sales in 2020 with an EBITDA margin over 25%. VPG's CEO highlighted that DTS will provide unique engineering capabilities and a stronger market presence. The acquisition aligns with VPG's growth strategy, capitalizing on the rising demand for specialized safety testing technology.

VPG Onboard Weighing introduces its LoadPro Overload Monitoring System at the upcoming World of Concrete event from June 8-10 in Las Vegas. Designed for construction fleets, this cost-effective, easy-to-install system helps prevent overload fines by providing accurate weight monitoring without requiring driver input. With over 35,000 systems installed globally, LoadPro’s patented technology uses lightweight inclinometers and air pressure transducers, displaying weights for axles and total vehicle weight. The system supports telematics output and can be fitted on any vehicle.

Vishay Precision Group (NYSE: VPG) reported Q1 2021 revenues of $70.6 million, a 4.3% increase year-over-year. Gross profit margin improved to 40.5% from 37.0% a year ago, while operating margin rose to 9.1% compared to 6.9% in Q1 2020. Diluted earnings per share reached $0.36, up from $0.24 a year prior. Cash from operations totaled $5.6 million. The company expects Q2 revenues between $71 million and $77 million, reflecting positive demand momentum and a robust book-to-bill ratio of 1.21.

Vishay Precision Group (VPG), a leader in precision sensors, will present at the Sidoti Spring 2021 Virtual Conference on March 25, 2021, at 9:15 AM EDT. The live webcast and replay will be available in the Investors section of VPG's website. Attendees can also schedule one-on-one virtual meetings with management. VPG specializes in sensor technologies and measurements systems, providing innovative solutions in stress, force, weight, pressure, and current measurements. For more information, visit vpgsensors.com.

Micro-Measurements, a brand of Vishay Precision Group (VPG), has introduced the Model 700B welder, designed for installing weldable strain gages and temperature sensors on metallic surfaces. This portable welder weighs approximately 8.3 lb and uses replaceable Lithium-ion batteries, achieving about 1500 welds per charge. It allows user-set welding energy from 10 to 60 Joules with up to 60 welds per minute, enhancing operational efficiency. The unit is particularly effective in challenging environments, maintaining the integrity of sensors even in adverse weather conditions.

Vishay Precision Group (NYSE: VPG) has launched its LoadPro^® overload monitoring system in North America, designed to help truck and van owners maximize legal loads and avoid fines. This cost-effective system provides real-time overload detection using solid-state sensors, ensuring durability and accuracy without the need for recalibration. With over 35,000 systems installed globally, LoadPro^® is available in two models for different vehicle types, offering features such as simple installation, lightweight design, and compatibility with telematics.