Vishay Precision Group Inc
NYSE:VPG
Vishay Precision Group Inc
Vishay Precision Group, Inc. engages in the design, manufacture, and market of sensors and sensor-based measurement systems. The company is headquartered in Malvern, Pennsylvania and currently employs 2,600 full-time employees. The company went IPO on 2010-06-23. The company operates through three segments: Sensors segment, Weighing Solutions segment, and Measurement Systems segment. The Sensors segment is comprised of the foil resistor and strain gage operating segments. The products in the Sensors segment are primarily based on its resistive foil technology. The Weighing Solutions segment is comprised of specialized modules and systems used to precisely measure weight, force torque, and pressure. The Weighing Solutions segment is comprised of its VPG Transducers, VPG Onboard Weighing, BLH Nobel, Stress-Tek and Vulcan businesses. The Measurement Systems segment is comprised of specialized systems for steel production, materials development, and safety testing. This segment is comprised of its KELK, DSI, Pacific Instruments, and its DTS businesses.
Vishay Precision Group, Inc. engages in the design, manufacture, and market of sensors and sensor-based measurement systems. The company is headquartered in Malvern, Pennsylvania and currently employs 2,600 full-time employees. The company went IPO on 2010-06-23. The company operates through three segments: Sensors segment, Weighing Solutions segment, and Measurement Systems segment. The Sensors segment is comprised of the foil resistor and strain gage operating segments. The products in the Sensors segment are primarily based on its resistive foil technology. The Weighing Solutions segment is comprised of specialized modules and systems used to precisely measure weight, force torque, and pressure. The Weighing Solutions segment is comprised of its VPG Transducers, VPG Onboard Weighing, BLH Nobel, Stress-Tek and Vulcan businesses. The Measurement Systems segment is comprised of specialized systems for steel production, materials development, and safety testing. This segment is comprised of its KELK, DSI, Pacific Instruments, and its DTS businesses.
Revenue Growth: VPG reported Q3 revenue of $79.7 million, up 6.1% sequentially and 5.3% year-over-year.
Margins: Adjusted gross margin was 40.5%, affected by unfavorable foreign exchange and product mix, but improved in the Sensors segment and reached a record in Weighing Solutions.
Profitability: Adjusted operating margin reached 6.2%, up from 4.8% in Q2, and net earnings were $7.8 million ($0.58 per diluted share).
Cash Generation: Adjusted EBITDA was $9.2 million, and adjusted free cash flow increased to $7.4 million, with a net cash position of $65.8 million.
Outlook: Q4 net revenue is expected in the range of $75 million to $81 million.
Strategic Initiatives: The company is on track to achieve $30 million in business development orders and $5 million in annualized cost reductions for 2025.
Humanoid Robot Opportunity: VPG received $3.6 million in year-to-date orders from humanoid robotics customers and is optimistic about further growth in this segment.
