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 Virtual Fall Smallcap Investor Conference on September 22, 2021, at 9:15 a.m. ET. Interested investors can access the live webcast via a provided link and also find the presentation on VPG’s website. This conference represents a significant opportunity for VPG to engage with investors and discuss its innovative precision sensors and sensor-based systems.
VPG Foil Resistors has launched the FRFS0402, a smallest ultra-high-precision resistor featuring a unique standoff construction that improves mounting reliability for various applications, including 5G and medical equipment. The FRFS0402 boasts a maximum TCR of ±2.5ppm/°C and a long-term stability of 0.01% at +70°C. This resistor can handle temperatures up to +200°C with a power rating of 75 mW, showcasing significant PCB space savings of 40%. Initially custom designed for a fiber optics manufacturer, the FRFS0402 is now available for standard purchase.
MALVERN, Pa., Aug. 17, 2021 - Vishay Precision Group (NYSE: VPG) announced its participation in several upcoming virtual investor conferences. The events include the Colliers 2021 Institutional Investor Conference on September 9, the Sidoti Fall Smallcap Investor Conference on September 22, and the DA Davidson Diversified Industrials & Services Conference on September 23. VPG will hold virtual one-on-one meetings at these conferences. For further details or to schedule a meeting, contact VPG's investor relations team.
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.
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