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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.
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.
Vishay Precision Group (VPG) reported Q4 2020 revenues of $75.4 million, a 9.1% year-over-year increase. However, earnings per diluted share fell to $0.01 from $0.28 a year prior. Adjusted diluted EPS rose to $0.43 from $0.28. Full-year revenues decreased 5.0% to $269.8 million, with an EPS decline from $1.63 to $0.79. Cash from operating activities was $35.3 million. VPG anticipates revenues of $63 million to $70 million for Q1 2021, reflecting a recovery in demand.
Vishay Precision Group (VPG) will announce its Q4 and full year financial results for fiscal 2020 on February 17, 2021, prior to market opening. A conference call with CEO Ziv Shoshani and CFO Bill Clancy will occur at 10:00 a.m. ET. To participate, call 1-888-317-6003 or visit VPG's investor relations page. A replay will be available post-call. VPG specializes in precision sensors and sensor-based systems, focusing on stress, weight, pressure, and current measurements, with a strong portfolio of foil technology products.
Vishay Precision Group (NYSE: VPG) announced its participation in the 23rd Needham Virtual Growth Conference, taking place in New York City. The presentation is scheduled for January 13, 2021, at 3:30 p.m. ET, with a live and on-demand webcast available via the company's website. VPG specializes in precision sensors, including force, weight, pressure, and current measurements, leveraging its resistive foil technology for ongoing innovations. For more details, visit VPG's website.
Vishay Precision Group (NYSE: VPG) reported third-quarter fiscal 2020 results, showing revenues of $67.5 million, a 0.2% year-over-year increase. The gross profit margin improved to 40.5%, up from 38.3% a year earlier, while operating margin rose to 12.0% from 9.2%. Diluted EPS increased to $0.41 compared to $0.33 in Q3 2019. Operational recovery in its Force Sensors segment, affected by COVID-19 constraints, marked a sequential revenue growth of 55.5%. The company predicts fourth-quarter revenues between $69 million and $75 million.
Vishay Precision Group (NYSE: VPG) will announce its financial results for Q3 2020 on November 3, 2020, before market opens. The conference call, led by CEO Ziv Shoshani and CFO Bill Clancy, is scheduled for 10:00 a.m. ET. Interested participants can join by calling 1-888-317-6003 or via the VPG investor relations website. A replay will be available after the call. VPG specializes in precision sensors and sensor-based systems, especially in markets requiring stress, force, and weight measurements.
MALVERN, Pa., Sept. 17, 2020 – Vishay Precision Group (NYSE: VPG) announced its participation in the Sidoti Virtual Investor Conference on September 23, 2020, at 9:15 AM EDT. A live webcast and replay will be available through the VPG investor relations website. The company will also offer one-on-one virtual meetings at the conference. VPG specializes in precision sensors and sensor-based systems, focusing on stress, force, weight, pressure, and current measurements. For additional information, visit www.vpgsensors.com.
BLH Nobel, a brand of Vishay Precision Group (NYSE: VPG), has launched its new Tank Mount Series of weighing equipment, suitable for process weighing applications. This series includes three weigh modules with capacities up to 200 tons, designed for accurate and repeatable weighing in various settings, including silos and batching processes. The products are customizable and feature certifications for multiple industrial standards. The launch emphasizes VPG's commitment to innovative and high-accuracy weighing solutions.
Micro-Measurements, a Vishay Precision Group brand, announced the expansion of its C4A Series strain gage sensors designed for advanced stress analysis. These sensors enhance simulation and monitoring for critical structures and medical applications. The new series features pre-attached leadwires that simplify installation, are RoHS compliant, and boast improved manufacturing tolerances. This innovation reflects decades of R&D experience, offering a direct replacement for conventional gages, thus streamlining the installation process and increasing reliability.
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