CHESTERBROOK, Pa., Aug. 05, 2026 (GLOBE NEWSWIRE) — Vishay Precision Group, Inc. (NYSE: VPG), a leader in precision measurement and sensing technologies, today announced its results for its fiscal 2026 second quarter ended July 4, 2026.

Second Fiscal Quarter Highlights (comparisons are to the comparable period a year ago):

  • Net revenues of $83.9 million increased 11.7%.
  • Gross profit margin was 38.6% as compared to 40.7%
  • Adjusted gross profit margin* was 38.6%, as compared to 41.0%
  • Operating margin was (0.4%) as compared to 3.6%.
  • Adjusted operating margin* was 1.7%, as compared to 5.4%.
  • Diluted net loss per share of $0.13 compared to diluted net earnings per share of $0.02.
  • Adjusted diluted net earnings per share* of $0.04 compared to $0.21.
  • Adjusted EBITDA* was $5.5 million with an adjusted EBITDA margin* of 6.5%.

Ziv Shoshani, Chief Executive Officer of VPG, commented, “We delivered another quarter of strong order momentum, with bookings of $95.5 million and a book-to-bill ratio of 1.14, driven by record quarterly orders for our precision resistors serving AI-related semiconductor, data center, aerospace and defense applications. During the quarter, we received a vendor nomination letter from our initial humanoid robotics customer, positioning us to support their planned production ramp of next-generation humanoid robots in the second half of 2026. Supported by continuing strong demand trends in our key growth markets including expected humanoid bookings and a growing backlog, we believe we are positioned to deliver organic annual revenue growth in fiscal 2026 above the 8% to 10% range previously outlined in our three-year model.”

The Company noted that its second-quarter revenue was impacted by approximately $3.0 million of delayed shipments in its steel-related systems business due to supply chain challenges resulting from implementing a new ERP system. Production at this facility is increasing, and these orders are in backlog with shipments expected to be completed by the end of the year.

Mr. Shoshani added: “Our second-quarter profits were impacted by unfavorable foreign exchange movements, which reduced profits by $3.3 million compared with the prior-year period, and by $0.9 million sequentially. Our financial results were also affected by the delayed shipments and unfavorable product mix. We continued our strategic investments to support our growth initiatives while maintaining a disciplined focus on operational execution. We remain on track to deliver approximately $6 million of cost savings in 2026 as part of three-year goal of achieving $20 million in cost reductions.”

Second Fiscal Quarter and Six-Month Financial Trends:
The Company’s second fiscal quarter 2026 net loss attributable to VPG stockholders was $1.7 million, or $0.13 per diluted share, compared to net earnings of $0.3 million or $0.02 per diluted share, in the second fiscal quarter of 2025. The second-quarter operating loss included $3.3 million related to unfavorable currency exchange rates compared to the prior year.

In the six fiscal months ended July 4, 2026, net loss attributable to VPG stockholders were $2.0 million or $0.15 per diluted share, compared to net loss of $0.7 million, or $0.05 per diluted share, in the six fiscal months ended June 28, 2025. The operating loss for the first six months of 2026 included $4.6 million related to unfavorable foreign currency exchange rates compared to the same period a year ago.

The second fiscal quarter 2026 adjusted net earnings were $0.6 million, or $0.04 per adjusted diluted share*, compared to net earnings of $2.7 million or $0.21 per adjusted diluted share* in the second fiscal quarter of 2025.

In the six fiscal months ended July 4, 2026, adjusted net earnings* were $1.5 million, or $0.11 per adjusted diluted share*, compared to net earnings of $3.6 million, or $0.28 per adjusted diluted share* in the six fiscal months ended June 28, 2025.

Segment Performance:
The Sensors segment revenue of $33.4 million in the second fiscal quarter of 2026 increased 25.8% from $26.6 million in the second fiscal quarter of 2025. Sequentially, revenue increased 0.3% compared to $33.3 million in the first fiscal quarter of 2026. The year-over-year increase in revenue was primarily attributable to higher sales of precision resistors in the Test and Measurement and AMS and higher sales of strain gage sensors in the AMS and Other markets. Sequentially, the increase in revenue primarily reflected higher sales of precision resistors in the Test & Measurement and AMS markets, which was mostly offset by lower sales of strain gages in the Test and Measurement market.

Gross profit margin for the Sensors segment was 31.5% for the second fiscal quarter of 2026, which decreased from 32.0% in the second fiscal quarter of 2025 and decreased from 34.8% in the first fiscal quarter of 2026. Adjusted gross margin* in the second fiscal quarter of 2025 of 32.2% was adjusted for $0.1 million of start-up costs. The year-over-year decrease in gross profit margin was primarily due to unfavorable foreign currency exchange rates, which offset higher volume. The sequential decrease in gross profit margin was primarily due to unfavorable foreign currency exchange rates, higher materials costs and wage increases.

The Weighing Solutions segment revenues of $30.3 million in the second fiscal quarter of 2026 increased 3.1% from $29.4 million in the second fiscal quarter of 2025. Sequentially, revenue increased 0.4% compared to $30.2 million in the first fiscal quarter of 2026. The year-over-year increase in revenue was mainly attributable to higher sales in the General Industrial market for process weighing applications. Sequentially, higher revenue in the Transportation market was offset by lower revenue in Other markets.

Gross profit margin for the Weighing Solutions segment was 37.3% for the second fiscal quarter of 2026, which decreased from adjusted gross margin of 40.2% in the second fiscal quarter of 2025 and increased from 34.2% in the first fiscal quarter of 2026. The year-over-year decrease in gross profit margin was primarily due to unfavorable product mix and higher manufacturing costs, partially offset by higher volume. The sequential increase in gross profit margin primarily reflected cost reductions and favorable product mix.

The Measurement Systems segment revenues of $20.2 million in the second fiscal quarter of 2026 increased 5.2% from $19.2 million in the second fiscal quarter of 2025. Sequentially, revenues decreased 3.1% compared to $20.8 million in the first fiscal quarter of 2026. The year-over-year increase was primarily attributable to higher revenue in the AMS and Steel markets, which offset lower sales in the Transportation market. Sequentially, the decrease in revenue was primarily due to lower sales in the AMS and Transportation markets which were partially offset by higher sales in the Steel market.

Gross profit margin for the Measurement Systems segment was 52.5% for the second fiscal quarter of 2026, which decreased from 54.6% in the second fiscal quarter of 2025, and decreased from 52.6% in the first fiscal quarter of 2026. The year-over-year decrease in gross profit margin was primarily due to unfavorable product mix which offset higher volume. Second-quarter gross margin was essentially flat with the first quarter, as manufacturing efficiencies offset lower volume and unfavorable product mix.

Near-Term Outlook
“For the third fiscal quarter of 2026 at constant second fiscal quarter 2026 foreign currency exchange rates, despite seasonal impacts in our European operations, we expect net revenues to be in the range of $84 million to $89 million. Our guidance excludes third-quarter tariff refunds to customers which have no impact on profits,” said Mr. Shoshani.

*Use of Non-GAAP Financial Information:
Beginning in fiscal 2026, the Company revised its definition of certain non-GAAP financial measures to exclude share-based compensation expense in addition to the other items described below. This change was made in light of the Company’s evolving compensation structure following recent organizational changes, including the hiring of senior executives and the expansion of equity-based incentive programs to attract and retain key talent.

Management believes that excluding share-based compensation expense in certain non-GAAP financial measures provides investors with additional insight into the Company’s core operating performance and enhanced understanding of business trends across reporting periods, including those in comparison to its main peer companies.

Share-based compensation expense will continue to be reflected in the Company’s GAAP financial results and will be set forth in a specific line item in the reconciliation table between GAAP and non-GAAP measures. Prior-period non-GAAP financial measures have been recast to conform to the current presentation.

The Company defines “adjusted gross profit margin” as gross profit margin before start-up costs and share-based compensation expense. “Adjusted operating margin” is defined as operating margin before start-up costs, restructuring costs, severance costs and share-based compensation expense. “Adjusted net earnings” and “adjusted diluted net earnings per share” are defined as net earnings attributable to VPG stockholders before start-up costs, restructuring costs and severance costs, share-based compensation expense, foreign currency exchange gains and losses and associated tax effects. We define “Adjusted EBITDA” as earnings before interest, taxes, depreciation, and amortization, start-up costs, restructuring costs and severance costs, foreign currency exchange gains and losses and share-based compensation expense.

“Adjusted free cash flow” for the second fiscal quarter of 2026 is defined as the amount of cash generated from operating activities ($0.3 million) in excess of capital expenditures ($(2.0) million), net of proceed, if any, from the sale of assets ($0.3 million).

Management believes that these non-GAAP measures are useful to investors because each present what management views as our core operating results for the relevant period. The adjustments to the applicable GAAP measures relate to occurrences or events that are outside of our core operations, and management believes that the use of these non-GAAP measures provides a consistent basis to evaluate our operating profitability and performance trends across comparable periods. These reconciling items are indicated on the accompanying reconciliation schedules and are more fully described in VPG’s consolidated financial statements presented in our Annual Report on Form 10-K and Quarterly Reports on Forms 10-Q.

Conference Call and Webcast:
A conference call will be held on Wednesday, August 5, 2026 at 9:00 a.m. ET (8:00 a.m. CT). To access the conference call, interested parties may call 1-888-596-4144 or internationally +1-646-968-2525 and use passcode 6155497, or log on to the investor relations page of the VPG website at ir.vpgsensors.com. A replay will be available approximately one hour after the completion of the call by calling toll-free 1-800-770-2030 or internationally +1-609-800-9909 and by using passcode 6155497. The replay will also be available on the “Events” page of investor relations section of the VPG website at ir.vpgsensors.com.

About VPG:
Vishay Precision Group, Inc. (VPG) is a leader in precision measurement and sensing technologies. Our sensors, weighing solutions and measurement systems optimize and enhance our customers’ product performance across a broad array of markets to make our world safer, smarter, and more productive. To learn more, visit VPG at www.vpgsensors.com and follow us on LinkedIn.

Forward-Looking Statements:
From time to time, information provided by us, including, but not limited to, statements in this press release, or other statements made by or on our behalf, may contain or constitute “forward-looking” information within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements involve a number of risks, uncertainties, and contingencies, many of which are beyond our control, which may cause actual results, performance, or achievements to differ materially from those anticipated. Such statements are based on current expectations only, and are subject to certain risks, uncertainties, and assumptions. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated, expected, estimated, or projected. Among the factors that could cause actual results to materially differ include: general business and economic conditions; significant developments from the recent and potential changes in tariffs and trade regulation; impact of inflation; potential issues respecting the United States federal government debt ceiling; global labor and supply chain challenges; difficulties or delays in identifying, negotiating and completing acquisitions and integrating acquired companies; the inability to realize anticipated synergies and expansion possibilities; difficulties in new product development; changes in competition and technology in the markets that we serve and the mix of our products required to address these changes; changes in foreign currency exchange rates; political, economic, and health (including pandemics) instabilities; instability or disruption caused by military hostilities in the regions or countries in which we operate (including Israel); difficulties in implementing our cost reduction strategies, such as underutilization of production facilities, labor unrest or legal challenges to our lay-off or termination plans, operation of redundant facilities due to difficulties in transferring production to achieve efficiencies; compliance issues under applicable laws, such as export control laws, including the outcome of our voluntary self-disclosure of export control non-compliance; our ability to execute our corporate strategy and business continuity, operational and budget plans; and other factors affecting our operations, markets, products, services, and prices that are set forth in our Annual Report on Form 10-K for the fiscal year ended December 31, 2025. We caution you not to place undue reliance on forward-looking statements, which speak only as of the date of this report or as of the dates otherwise indicated in such forward-looking statements. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

Contact:
Steve Cantor
Vishay Precision Group, Inc.
781-222-3516
info@vpgsensors.com


VISHAY PRECISION GROUP, INC.
Consolidated Condensed Statements of Operations
(Unaudited – In thousands, except per share amounts)

  Fiscal Quarter Ended  
  July 4, 2026     June 28, 2025  
Net revenues $ 83,936     $ 75,161  
Costs of products sold   51,497       44,567  
Gross profit   32,439       30,594  
               
Selling, general and administrative expenses   31,960       27,701  
Restructuring costs   773       185  
Operating (loss) income   (294 )     2,708  
               
Other expense:              
Interest expense   (345 )     (550 )
Other   (1,215 )     (1,262 )
Other expense   (1,560 )     (1,812 )
               
(Loss) Income before taxes   (1,854 )     896  
               
Income tax (benefit) expense   (148 )     592  
               
Net (loss) earnings   (1,706 )     304  
Less: net earnings attributable to noncontrolling interests   14       56  
Net (loss) earnings attributable to VPG stockholders $ (1,720 )   $ 248  
               
Basic (loss) earnings per share attributable to VPG stockholders $ (0.13 )   $ 0.02  
Diluted (loss) earnings per share attributable to VPG stockholders $ (0.13 )   $ 0.02  
               
Weighted average shares outstanding – basic   13,310       13,263  
Weighted average shares outstanding – diluted   13,310       13,309  



VISHAY PRECISION GROUP, INC.
Consolidated Condensed Statements of Operations
(Unaudited – In thousands, except per share amounts)

  Six Fiscal Months Ended  
  July 4, 2026     June 28, 2025  
Net revenues $ 168,288     $ 146,902  
Costs of products sold   102,974       89,262  
Gross profit   65,314       57,640  
               
Selling, general and administrative expenses   64,047       54,412  
Restructuring costs   1,222       580  
Operating income   45       2,648  
               
Other expense:              
Interest expense   (674 )     (1,101 )
Other   (1,384 )     (1,938 )
Other expense   (2,058 )     (3,039 )
               
Loss before taxes   (2,013 )     (391 )
               
Income tax (benefit) expense   (20 )     260  
               
Net loss   (1,993 )     (651 )
Less: net earnings attributable to noncontrolling interests   46       43  
Net loss attributable to VPG stockholders $ (2,039 )   $ (694 )
               
Basic loss per share attributable to VPG stockholders $ (0.15 )   $ (0.05 )
Diluted loss per share attributable to VPG stockholders $ (0.15 )   $ (0.05 )
               
Weighted average shares outstanding – basic   13,282       13,259  
Weighted average shares outstanding – diluted   13,282       13,259  



VISHAY PRECISION GROUP, INC.
Consolidated Condensed Balance Sheets
(In thousands)

  July 4, 2026     December 31, 2025  
  (Unaudited)          
Assets              
Current assets:              
Cash and cash equivalents $ 75,702     $ 87,366  
Accounts receivable, net   62,198       56,348  
Inventories:              
Raw materials   30,199       32,760  
Work in process   30,184       25,794  
Finished goods   23,822       24,269  
Inventories, net   84,205       82,823  
               
Prepaid expenses and other current assets   22,152       20,425  
Total current assets   244,257       246,962  
               
Property and equipment:              
Land   2,367       2,382  
Buildings and improvements   80,482       78,737  
Machinery and equipment   141,095       137,230  
Software   12,195       11,692  
Construction in progress   1,712       4,162  
Accumulated depreciation   (162,799 )     (158,123 )
Property and equipment, net   75,052       76,080  
               
Goodwill   47,090       47,367  
Intangible assets, net   36,117       38,227  
Operating lease right-of-use assets   22,057       22,892  
Other non-current assets   26,150       24,361  
Total assets $ 450,723     $ 455,889  

VISHAY PRECISION GROUP, INC.
Consolidated Condensed Balance Sheets
(In thousands)

  July 4,
2026
    December 31,
2025
 
  (Unaudited)          
Liabilities and equity              
Current liabilities:              
Trade accounts payable $ 11,449     $ 10,530  
Payroll and related expenses   20,276       19,569  
Other accrued expenses and other current liabilities   22,356       20,833  
Current portion of operating lease liabilities   4,706       4,347  
Total current liabilities   58,787       55,279  
               
Long-term debt   15,640       20,583  
Deferred income taxes   3,682       3,834  
Operating lease liabilities   18,907       19,547  
Other non-current liabilities   14,780       14,200  
Accrued pension and other postretirement costs   6,320       6,219  
Total liabilities   118,116       119,662  
               
Equity:              
Common stock, par value $0.10 per share: 25,000,000 shares authorized; 12,297,543 shares outstanding as of July 4, 2026 and 12,256,197 shares outstanding as of December 31, 2025   1,344       1,340  
Class B convertible common stock, convertible common stock, par value $0.10 per share: 3,000,000 shares authorized; 1,022,887 shares outstanding as of July 4, 2026 and December 31, 2025   103       103  
Treasury stock, at cost – 1,137,995 shares held at July 4, 2026 and December 31, 2025   (25,335 )     (25,335 )
Capital in excess of par value   205,545       204,360  
Retained earnings   195,231       197,270  
Accumulated other comprehensive loss   (44,137 )     (41,367 )
Total Vishay Precision Group, Inc. stockholders’ equity   332,751       336,371  
Noncontrolling interests   (144 )     (144 )
Total equity   332,607       336,227  
Total liabilities and equity $ 450,723     $ 455,889  


VISHAY PRECISION GROUP, INC.
Consolidated Condensed Statements of Cash Flows
(Unaudited – In thousands)

  Six Fiscal Months Ended  
  July 4, 2026     June 28, 2025  
Operating activities              
Net loss $ (1,993 )   $ (651 )
Adjustments to reconcile net earnings to net cash provided by operating activities:              
Depreciation and amortization   8,287       7,889  
(Gain) loss on sale of property and equipment   (136 )     33  
Share-based compensation expense   1,555       1,057  
Inventory write-offs for obsolescence   1,329       1,649  
Deferred expense taxes   (1,057 )     (881 )
Foreign currency impacts and other items   879       397  
Net changes in operating assets and liabilities:              
Accounts receivable   (6,592 )     1,614  
Inventories   (3,350 )     (1,525 )
Prepaid expenses and other current assets   (2,002 )     (1,214 )
Trade accounts payable   715       329  
Other current liabilities   2,605       3,294  
Other non current assets and liabilities, net   (370 )     (1,012 )
Accrued pension and other postretirement costs, net   (195 )     232  
Net cash (used in) provided by operating activities   (325 )     11,211  
               
Investing activities              
Capital expenditures   (5,046 )     (2,760 )
Proceeds from asset held from sale and sale of property and equipment   297       20  
Net cash used in investing activities   (4,749 )     (2,740 )
               
Financing activities              
Repayments on revolving facility   (5,000 )      
(Distributions) contributions from noncontrolling interests   (46 )     108  
Payments of employee taxes on certain share-based arrangements   (375 )     (256 )
Net cash used in financing activities   (5,421 )     (148 )
Effect of exchange rate changes on cash and cash equivalents   (1,169 )     2,780  
(Decrease) increase in cash and cash equivalents   (11,664 )     11,103  
Cash and cash equivalents at beginning of period   87,366       79,272  
Cash and cash equivalents at end of period $ 75,702     $ 90,375  
               
Supplemental disclosure of investing transactions:              
Capital expenditures accrued but not yet paid   1,544     $ 732  



VISHAY PRECISION GROUP, INC.
Reconciliation of Consolidated Adjusted Gross Profit, Operating Income, Net Earnings Attributable to VPG Stockholders and Diluted Earnings Per Share
(Unaudited – In thousands)

  Gross Profit     Operating (Loss) Income     Net (Loss) Earnings
Attributable to VPG
Stockholders
    Diluted (Loss) Earnings
Per share
 
Three months ended July 4,
2026
    June 28,
2025
    July 4,
2026
    June 28,
2025
    July 4,
2026
    June 28,
2025
    July 4,
2026
    June 28,
2025
 
As reported – GAAP $ 32,439     $ 30,594     $ (294 )   $ 2,708     $ (1,720 )   $ 248       (0.13 )   $ 0.02  
As reported – GAAP Margins   38.6 %     40.7 %     (0.4 )%     3.6 %                        
Start-up costs (a)         257             257             257             0.02  
Restructuring costs               773       185       773       185       0.06       0.02  
Severance cost               196       395       196       395       0.01       0.03  
Stock-based compensation cost (b)           1       718       512       718       512       0.05       0.04  
Foreign currency exchange loss (c)                           1,244       1,763       0.09       0.13  
Less: Tax effect of reconciling items and discrete tax items                           625       707       0.04       0.05  
As Adjusted – Non GAAP $ 32,439     $ 30,852     $ 1,393     $ 4,057     $ 586     $ 2,653     $ 0.04     $ 0.21  
As Adjusted – Non GAAP Margins   38.6 %     41.0 %     1.7 %     5.4 %                                

  Gross Profit     Operating Income     Net (Loss) Earnings
Attributable to VPG
Stockholders
    Diluted (Loss) Earnings
Per share
 
Six Fiscal Months Ended July 4,
2026
    June 28,
2025
    July 4,
2026
    June 28,
2025
    July 4,
2026
    June 28,
2025
    July 4,
2026
    June 28,
2025
 
As reported – GAAP $ 65,314     $ 57,640     $ 45     $ 2,648     $ (2,039 )   $ (694 )   $ (0.15 )   $ (0.05 )
As reported – GAAP Margins   38.8 %     39.2 %     0.0 %     1.8 %                        
Start-up costs (a)         720             720             720     $     $ 0.06  
Restructuring costs               1,222       580       1,222       580     $ 0.09     $ 0.04  
Severance cost               196       395       196       395     $ 0.01     $ 0.03  
Stock-based compensation cost (b)         8       1,555       1,057       1,555       1,057     $ 0.12     $ 0.08  
Foreign currency exchange loss (c)                           1,487       2,735     $ 0.11     $ 0.21  
Less: Tax effect of reconciling items and discrete tax items                           928       1,241     $ 0.07     $ 0.09  
As Adjusted – Non GAAP $ 65,314     $ 58,368     $ 3,018     $ 5,400     $ 1,493     $ 3,552     $ 0.11     $ 0.28  
As Adjusted – Non GAAP Margins   38.8 %     39.7 %     1.8 %     3.7 %                                

(a) Start-up costs in 2025
(b) Share-based compensation cost excluded for Non-GAAP results, effective beginning 2026, with prior period comparability
(c) Impact of foreign currency exchange rates on assets and liabilities

 VISHAY PRECISION GROUP, INC.
Reconciliation of Adjusted Gross Profit by segment
(Unaudited – In thousands)

  Fiscal Quarter Ended  
  July 4, 2026     June 28, 2025     April 4, 2026  
Sensors                      
Net revenues   33,418       26,563       33,314  
                       
As reported – GAAP   10,523       8,487       11,588  
As reported – GAAP Margins   31.5 %     32.0 %     34.8 %
Start-up costs         79        
As Adjusted – Non GAAP   10,523       8,566       11,588  
As Adjusted – Non GAAP Margins   31.5 %     32.2 %     34.8 %
                       
Weighing Solutions                      
Net revenues   30,349       29,428       30,236  
                       
As reported – GAAP   11,325       11,646       10,340  
As reported – GAAP Margins   37.3 %     39.6 %     34.2 %
Start-up costs         178        
As Adjusted – Non GAAP   11,325       11,825       10,340  
As Adjusted – Non GAAP Margins   37.3 %     40.2 %     34.2 %
                       
Measurement Systems                      
Net revenues   20,169       19,170       20,803  
                       
As reported – GAAP   10,591       10,461       10,946  
As reported – GAAP Margins   52.5 %     54.6 %     52.6 %
As Adjusted – Non GAAP   10,591       10,461       10,946  
As Adjusted – Non GAAP Margins   52.5 %     54.6 %     52.6 %



VISHAY PRECISION GROUP, INC.
Reconciliation of Adjusted EBITDA
(Unaudited – In thousands)

  Fiscal Quarter Ended  
  July 4, 2026     June 28, 2025     April 4, 2026  
Net (loss) earnings attributable to VPG stockholders $ (1,720 )   $ 248     $ (319 )
Interest Expense   345       550       329  
Income tax (benefit) expense   (148 )     592       129  
Depreciation   3,093       2,872       3,223  
Amortization   984       982       987  
Restructuring costs   773       185       449  
Severance cost   196       395        
Start-up costs (a)         257        
Stock-based compensation cost (b)   718       512       837  
Foreign currency exchange loss (c)   1,244       1,763       243  
ADJUSTED EBITDA $ 5,485     $ 8,356     $ 5,878  
ADJUSTED EBITDA MARGIN   6.5 %     11.1 %     7.0 %

(a) Start-up costs in 2025
(b) Share-based compensation cost excluded for Non-GAAP results, effective beginning 2026, with prior period comparability
(c) Impact of foreign currency exchange rates on assets and liabilities


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