0001487952FALSE00014879522025-02-122025-02-12

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of Earliest Event Reported):      
February 12, 2025
Vishay Precision Group, Inc.
(Exact Name of Registrant as Specified in Charter)
Delaware1-3467927-0986328
(State or Other Jurisdiction of(Commission File Number)(I.R.S. Employer Identification
Incorporation or Organization)Number)
3 Great Valley Parkway, Suite 150
Malvern, PA
19355
(Address of Principal Executive Offices)(Zip Code)
(484) 321-5300
(Registrant’s Telephone Number, Including Area Code)
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐
Written communications pursuant to Rule 425 under the Securities Act
     
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act
     
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act
     
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act
Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol(s)Name of each exchange on which registered
Common stock, $0.10 par valueVPGNew York Stock Exchange
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨



Item 2.02 Results of Operations and Financial Conditions.
On February 12, 2025, Vishay Precision Group, Inc. (the "Company") issued a press release announcing results for the fourth quarter and fiscal year ended December 31, 2024. The Company will hold a conference call at 9:00 a.m. Eastern time on February 12, 2025 to discuss its results for the fourth quarter and fiscal year ended December 31, 2024. A copy of the press release is furnished as Exhibit 99.1 to this Form 8-K and shall not be deemed to be “filed” for any purpose.
Item 9.01 Financial Statements and Exhibits.
Exhibit No.     Description
99.1
104Cover Page Interactive Data File (embedded within the Inline XBRL document)


SIGNATURES
     Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 Vishay Precision Group, Inc.
 
 
Date: February 12, 2025
By:  /s/ William M. Clancy
Name: William M. Clancy
Title:    Executive Vice President and Chief
Financial Officer



                                            Exhibit 99.1
For Immediate Release
VPG Reports Fiscal 2024 Fourth Quarter and Twelve Months Results
MALVERN, Pa. (February 12, 2025) - Vishay Precision Group, Inc. (NYSE: VPG), a leader in precision measurement technologies, today announced its results for its fiscal 2024 fourth quarter and twelve fiscal months ended December 31, 2024.
Fourth Quarter Highlights:
•Revenues of $72.7 million decreased 18.8% from a year ago
•Gross profit margin was 38.2%, as compared to 43.0% a year ago
•Adjusted gross profit margin* was 38.3%, as compared to 43.0% a year ago
•Operating margin was 0.3%, as compared to 13.4% reported a year ago
•Adjusted operating margin* was 0.8%, as compared to 13.6% reported a year ago
•Diluted net earnings per share were $0.06, as compared to $0.31 reported a year ago
•Adjusted diluted net earnings per share* were $0.03, as compared to $0.61 reported a year ago
•EBITDA* was $6.6 million with an EBITDA margin* of 9.1%
•Adjusted EBITDA* was $5.1 million with an adjusted EBITDA margin* of 7.0%
•Cash from operating activities was $6.7 million with adjusted free cash flow* of $4.6 million

2024 Full Year Highlights:
•Revenues of $306.5 million decreased 13.7% year-over-year
•Gross profit margin was 41.0%, as compared to 42.3% a year ago
•Adjusted gross profit margin* was 41.0%, as compared to 42.4% a year ago
•Operating margin was 5.5%, as compared to 11.8% reported last year
•Adjusted operating margin* was 6.0%, as compared to 12.4% reported last year
•Diluted net earnings per share were $0.74, as compared to $1.88 reported a year ago
•Adjusted diluted net earnings per share* were $0.95, as compared to $2.17 reported a year ago
•EBITDA* was $36.0 million with an EBITDA margin* of 11.7%
•Adjusted EBITDA* was $35.7 million with an adjusted EBITDA margin* of 11.6%
•Cash from operating activities was $19.8 million with adjusted free cash flow* of $11.3 million

Ziv Shoshani, Chief Executive Officer of VPG, commented, "2024 proved to be a challenging year, as we faced macro and cyclical headwinds. Nonetheless, orders in the fourth fiscal quarter of $72.4 million grew 5.5% sequentially resulting in a book-to-bill ratio of 1.00. This marked the first fiscal quarter of sequential bookings growth in six quarters, driven by our Sensors and Weighing Solutions segments which achieved book-to-bill ratios above 1.00 and their highest bookings level in 2024. We continue to focus on our business development pipeline, and furthering our progress with key projects in industrial and medical robotics, data center and telecommunications applications, among others.
Our fourth-fiscal quarter results included approximately $700 thousand in one-time costs, primarily related to R&D projects and operational fixed costs. As we continue to adjust our costs to current revenue levels and implement ongoing cost-savings initiatives, we are positioned to deliver significant operating leverage as revenues strengthen. The integration of Nokra, the precision measurement business that we acquired on September 30, 2024, is on track. Our strong balance sheet and net cash position give us a solid platform as we continue to look to acquire additional high-quality businesses."
The Company's fourth fiscal quarter 2024 net earnings attributable to VPG stockholders were $0.8 million, or $0.06 per diluted share, compared to $4.2 million, or $0.31 per diluted share, in the fourth fiscal quarter of 2023.
In the fiscal year ended December 31, 2024, net earnings attributable to VPG stockholders were $9.9 million, or $0.74 per diluted share, compared to $25.7 million, or $1.88 per diluted share, in the fiscal year ended December 31, 2023.
1


The fourth fiscal quarter 2024 adjusted net earnings* attributable to VPG stockholders were $0.4 million, or $0.03 per diluted share, compared to adjusted net earnings* attributable to VPG stockholders of $8.2 million, or $0.61 per diluted share, for the comparable prior year period.
In the fiscal year ended December 31, 2024, adjusted net earnings* attributable to VPG stockholders were $12.7 million, or $0.95 per diluted share, compared to adjusted net earnings* attributable to VPG stockholders of $29.7 million, or $2.17 per diluted share, for the comparable prior year period.
Segment Performance
The Sensors segment revenues of $25.8 million in the fourth fiscal quarter of 2024 decreased 24.8% from the prior year of $34.3 million and decreased 8.7% sequentially from $28.2 million in the third quarter of 2024. The year-over-year decrease in revenues was primarily attributable to lower sales of precision resistors in the Test & Measurement market and lower sales of advanced sensors in our Other markets for consumer applications. Sequentially, the decline in revenues primarily reflected lower sales of advanced sensors in our Other markets for consumer applications and lower precision resistor sales in the Test and Measurement market.
Gross profit margin for the Sensors segment of 32.0% for the fourth fiscal quarter of 2024 was lower compared to 40.2% in the fourth fiscal quarter of 2023, and higher compared to 31.0% in the third fiscal quarter of 2024. The year-over-year decline in gross profit margin was primarily due to lower volume and unfavorable product mix, which was partially offset by improved manufacturing efficiencies. Sequentially, the increase in gross profit margin was primarily due to improved manufacturing efficiencies, which offset the impact of lower volume.
The Weighing Solutions segment revenues of $25.7 million in the fourth fiscal quarter of 2024 decreased 15.4% from $30.4 million in the prior year and increased 2.2% from $25.2 million in the third fiscal quarter of 2024. The year-over-year decline in revenues was primarily attributable to lower revenues in our Other markets from OEM customers for precision agriculture and construction applications and lower revenues in the Transportation and General Industrial markets. The sequential increase in revenues reflected higher revenue in our Industrial Weighing market and in our Other markets, which offset lower revenue in the Transportation market.
Gross profit margin for the Weighing Solutions segment of 34.1% for the fourth fiscal quarter of 2024 declined compared to 35.6% in the fourth fiscal quarter of 2023, and was lower than 35.1% in the third fiscal quarter of 2024. The year-over-year decline in gross profit margin was primarily due to lower volume. Sequentially, the decrease in gross profit margin was primarily due to higher materials costs and a reduction in inventory which offset higher volume.
The Measurement Systems segment revenues in the fourth fiscal quarter of 2024 of $21.2 million decreased 14.8% from $24.8 million in the prior year and declined 5.3% sequentially from $22.4 million in the third fiscal quarter of 2024. The year-over-year decline in revenues was primarily attributable to lower sales of Dynamic Systems Inc. ("DSI") and Diversified Technical Systems, Inc. ("DTS") products. The sequential decline in revenue was primarily attributable to lower sales of DSI products, which was partially offset by the added revenue related to the acquisition of Nokra Optische Prüftechnik und Automation ("Nokra") on September 30, 2024.
Gross profit margin for the Measurement Systems segment in the fourth fiscal quarter of 2024 was 50.9%, compared to 56.0% in the same quarter of 2023, and 56.8% in the third fiscal quarter of 2024. After adjusting for purchasing accounting impacts related to the DSI, DTS and Nokra acquisitions, adjusted gross margin for the fourth fiscal quarter of 2024 was 51.2% compared to 56.1% in the fourth fiscal quarter of 2023 and 56.8% in the third fiscal quarter of 2024. Year-over-year, the decline in adjusted gross profit margin* was primarily due to lower volume. Sequentially, the lower adjusted gross profit margin* in the fourth quarter of 2024 reflected lower volume and unfavorable product mix.

Near-Term Outlook
“For the first fiscal quarter of 2025 at constant fourth fiscal quarter 2024 exchange rates, we expect net revenues to be in the range of $70 million to $76 million,” said Mr. Shoshani.
2



*Use of Non-GAAP Financial Information
We define “adjusted gross profit margin" as gross profit margin before purchase accounting adjustments related to the Nokra, DTS and DSI acquisitions. We define "adjusted operating margin" as operating margin before purchase accounting adjustment related to the Nokra, DTS and DSI acquisitions, acquisition costs, and restructuring costs and severance costs. We define "adjusted net earnings” and "adjusted diluted net earnings per share" as net earnings attributable to VPG stockholders before purchase accounting adjustment related to the Nokra, DTS and DSI acquisitions, acquisition costs, restructuring costs and severance costs, foreign currency exchange gains and losses, and associated tax effects. We define "EBITDA" as earnings before interest, taxes, depreciation, and amortization. We define "Adjusted EBITDA" as earnings before interest, taxes, depreciation, and amortization before purchase accounting adjustment related to the Nokra, DTS and DSI acquisitions, acquisition costs, restructuring costs and severance costs, and foreign currency exchange gains and losses.
"Adjusted free cash flow" for the fourth fiscal quarter of 2024 is defined as the amount of cash generated from operating activities ($6.8 million), in excess of our capital expenditures ($2.2 million), net of proceeds, if any, from the sale of assets ($0.02 million). "Adjusted free cash flow" for the fiscal year of 2024 is defined as the amount of cash generated from operating activities ($19.8 million) in excess of our capital expenditures ($9.2 million), net of proceeds, if any, from the sale of assets ($0.7 million).

Management believes that these non-GAAP measures are useful to investors because each presents 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 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 is scheduled for Wednesday, February 12, 2025 at 9:00 a.m. ET (8:00 a.m. CT). To access the conference call, interested parties may call 1-833-470-1428 or internationally +1-404-975-4839 and use passcode 029591, 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 1-866-813-9403 or internationally +44-204-525-0658 and using the passcode 703783. The replay will also be available on the investor relations page of the VPG website at ir.vpgsensors.com for a limited time.

About VPG
Vishay Precision Group, Inc. (VPG) is a leader in precision measurement 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.
3


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; 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 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; significant developments from the recent and potential changes in tariffs and trade regulation; our ability to execute our new 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, 2023. 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





4



VISHAY PRECISION GROUP, INC.
Consolidated Statements of Operations
(Unaudited - In thousands, except per share amounts)
Fiscal quarter ended
December 31, 2024December 31, 2023
Net revenues$72,653 $89,528 
Costs of products sold44,882 51,032 
Gross profit27,771 38,496 
Gross profit margin38.2 %43.0 %
Selling, general, and administrative expenses27,273 26,356 
Acquisition costs101 — 
Restructuring costs198 129 
Operating income199 12,011 
Operating margin0.3 %13.4 %
Other income (expense):
Interest expense(587)(779)
Other2,297 (2,509)
Other income (expense) - net1,710 (3,288)
Income before taxes1,910 8,723 
Income tax expense1,222 4,403 
Net earnings688 4,320 
Less: net (loss) earnings attributable to noncontrolling interests(80)93 
Net earnings attributable to VPG stockholders
$768 $4,227 
Basic earnings per share attributable to VPG stockholders
$0.06 $0.31 
Diluted earnings per share attributable to VPG stockholders
$0.06 $0.31 
Weighted average shares outstanding - basic
13,239 13,509 
Weighted average shares outstanding - diluted
13,252 13,604 

5


VISHAY PRECISION GROUP, INC.
Consolidated Statements of Operations
(Unaudited - In thousands, except per share amounts)
Years ended
December 31, 2024December 31, 2023
Net revenues$306,522 $355,048 
Costs of products sold180,990 204,706 
Gross profit125,532 150,342 
Gross profit margin41.0 %42.3 %
Selling, general, and administrative expenses107,505 106,828 
Acquisition costs101 — 
Restructuring costs1,062 1,560 
Operating income16,864 41,954 
Operating margin5.5 %11.8 %
Other income (expense):
Interest expense(2,512)(3,974)
Other3,212 456 
Other income (expense) - net700 (3,518)
Income before taxes17,564 38,436 
Income tax expense7,730 12,426 
Net earnings9,834 26,010 
Less: net (loss) earnings attributable to noncontrolling interests(77)303 
Net earnings attributable to VPG stockholders
$9,911 $25,707 
Basic earnings per share attributable to VPG stockholders
$0.74 $1.89 
Diluted earnings per share attributable to VPG stockholders
$0.74 $1.88 
Weighted average shares outstanding - basic
13,353 13,574 
Weighted average shares outstanding - diluted
13,385 13,653 

6


VISHAY PRECISION GROUP, INC.
Consolidated Balance Sheets
(In thousands, except per share amounts)
December 31, 2024December 31, 2023
(Unaudited)
Assets
Current assets:
Cash and cash equivalents$79,272 $83,965 
Accounts receivable51,200 56,438 
Inventories:
Raw materials33,013 33,973 
Work in process27,187 26,594 
Finished goods23,960 27,572 
Inventories84,160 88,139 
Prepaid expenses and other current assets17,088 14,520 
Assets held for sale5,229 — 
Total current assets236,949 243,062 
Property and equipment:
Land2,316 4,154 
Buildings and improvements68,125 72,952 
Machinery and equipment132,938 131,738 
Software10,351 9,619 
Construction in progress11,246 11,379 
Accumulated depreciation(145,475)(139,206)
Property and equipment, net79,501 90,636 
Goodwill46,819 45,734 
Intangible assets, net41,815 44,634 
Operating lease right-of-use assets24,316 26,953 
Other assets21,535 20,547 
Total assets$450,935 $471,566 

7


VISHAY PRECISION GROUP, INC.
Consolidated Balance Sheets
(In thousands, except per share amounts)
December 31, 2024December 31, 2023
(Unaudited)
Liabilities and equity
Current liabilities:
Trade accounts payable$9,890 $11,698 
Payroll and related expenses18,546 18,971 
Other accrued expenses19,725 22,427 
Income taxes880 4,524 
Current portion of operating lease liabilities3,998 4,004 
Total current liabilities53,039 61,624 
Long-term debt31,441 31,856 
Deferred income taxes3,779 3,490 
Operating lease liabilities19,928 22,625 
Other liabilities14,193 14,770 
Accrued pension and other postretirement costs6,695 7,276 
Total liabilities129,075 141,641 
Commitments and contingencies
Equity:
Common stock1,336 1,330 
Class B convertible common stock103 103 
Treasury stock(25,335)(17,460)
Capital in excess of par value
202,783 202,672 
Retained earnings
191,977 182,066 
Accumulated other comprehensive loss
(48,897)(38,869)
Total Vishay Precision Group, Inc. stockholders' equity
321,967 329,842 
Noncontrolling interests
(107)83 
Total equity
321,860 329,925 
Total liabilities and equity
$450,935 $471,566 

8


VISHAY PRECISION GROUP, INC.
Consolidated Statements of Cash Flows
(Unaudited - In thousands)
Years ended
December 31, 2024December 31, 2023
Operating activities
Net earnings$9,834 $26,010 
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation and amortization15,805 15,550 
Loss (gain) on disposal of property and equipment(148)75 
Gain on sale of short term investment— (14)
Share-based compensation expense971 2,290 
Inventory write-offs for obsolescence2,352 2,099 
Deferred income taxes(972)(156)
Foreign currency impacts and other items(3,147)660 
Net changes in operating assets and liabilities, net of acquisition:
Accounts receivable3,244 3,794 
Inventories2,139 (4,898)
Prepaid expenses and other current assets(3,023)4,172 
Trade accounts payable(416)(2,658)
Other current liabilities(5,634)56 
Other non current assets and liabilities, net(760)439 
Accrued pension and other postretirement costs, net(430)(1,526)
Net cash provided by operating activities19,815 45,893 
Investing activities
Capital expenditures(9,163)(15,154)
Proceeds from sale of property and equipment671 40 
Purchase of short term investment— (1,000)
Proceeds from sale of short term investment— 1,014 
Purchase of business(4,409)— 
Net cash used in investing activities(12,901)(15,100)
Financing activities
Debt issuance costs(569)— 
Payments on revolving facility— (29,000)
Purchase of treasury stock(7,816)(5,915)
Distributions to noncontrolling interests(113)(195)
Payment of excise tax on net share repurchases(41)— 
Payments of employee taxes on certain share-based arrangements(860)(825)
Net cash used in financing activities(9,399)(35,935)
Effect of exchange rate changes on cash and cash equivalents(2,208)545 
Decrease in cash and cash equivalents(4,693)(4,597)
Cash and cash equivalents at beginning of year83,965 88,562 
Cash and cash equivalents at end of year$79,272 $83,965 
Supplemental disclosure of investing transactions:
Capital expenditures accrued but not yet paid$949 $2,317 
Supplemental disclosure of financing transactions:
Excise tax on net share repurchases accrued but not yet paid$60 $41 




9


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 except per share data)
Gross ProfitOperating IncomeNet Earnings Attributable to VPG StockholdersDiluted Earnings Per share
Fiscal Year Ended December 31, 20242023202420232024202320242023
As reported - GAAP$125,532 $150,342 $16,864 $41,954 $9,911 $25,707 0.74 $1.88 
As reported - GAAP Margins41.0 %42.3 %5.5 %11.8 %
Acquisition purchase accounting adjustments79 335 79 335 79 335 0.01 0.02 
Acquisition costs— — 101 — 101 — 0.01 — 
Restructuring costs— — 1,062 1,560 1,062 1,560 0.08 0.11 
Severance cost— — 347 347 
Foreign exchange (gain)/loss— — — — (1,879)822 (0.14)0.06 
Less: Tax effect of reconciling items and discrete tax items— — — — (3,079)(1,245)(0.24)(0.10)
As Adjusted - Non GAAP$125,611 $150,677 $18,453 $43,849 $12,700 $29,669 $0.95 $2.17 
As Adjusted - Non GAAP Margins41.0 %42.4 %6.0 %12.4 %
Gross ProfitOperating IncomeNet Earnings Attributable to VPG StockholdersDiluted Earnings Per share
Fiscal Quarter Ended December 31, 20242023202420232024202320242023
As reported - GAAP$27,771 $38,496 $199 $12,011 $768 $4,227 0.06 $0.31 
As reported - GAAP Margins38.2 %43.0 %0.3 %13.4 %
Acquisition purchase accounting adjustments79 31 79 31 79 31 0.01 — 
Acquisition costs— — 101 — 101 — 0.01 — 
Restructuring costs— — 198 129 198 129 0.01 0.01 
Foreign exchange (gain)/loss— — — — (1,913)2,961 (0.15)0.21 
Severance cost— — — — — — — — 
Less: Tax effect of reconciling items and discrete tax items— — — — (1,167)(887)(0.10)(0.08)
As Adjusted - Non GAAP$27,850 $38,527 $577 $12,171 $400 $8,235 $0.03 $0.61 
As Adjusted - Non GAAP Margins38.3 %43.0 %0.8 %13.6 %


10


VISHAY PRECISION GROUP, INC.
Reconciliation of Adjusted Gross Profit by segment
(Unaudited - In thousands)
Fiscal quarter ended
December 31, 2024December 31, 2023September 28, 2024
Sensors
As reported - GAAP$8,229 $13,761 $8,730 
As reported - GAAP Margins32.0 %40.2 %31.0 %
As Adjusted - Non GAAP$8,229 $13,761 $8,730 
As Adjusted - Non GAAP Margins32.0 %40.2 %31.0 %
Weighing Solutions
As reported - GAAP$8,778 $10,834 $8,840 
As reported - GAAP Margins34.1 %35.6 %35.1 %
As Adjusted - Non GAAP$8,778 $10,834 $8,840 
As Adjusted - Non GAAP Margins34.1 %35.6 %35.1 %
Measurement Systems
As reported - GAAP$10,764 $13,906 $12,690 
As reported - GAAP Margins50.9 %56.0 %56.8 %
Acquisition purchase accounting adjustments79 31 — 
As Adjusted - Non GAAP$10,843 $13,937 $12,690 
As Adjusted - Non GAAP Margins51.2 %56.1 %56.8 %
























11


VISHAY PRECISION GROUP, INC.
Reconciliation of Adjusted EBITDA
(Unaudited - In thousands)
Fiscal quarter ended
December 31, 2024December 31, 2023September 28, 2024
Net earnings attributable to VPG stockholders$768 $4,227 $(1,351)
Interest Expense587 779 648 
Income tax expense1,222 4,403 1,874 
Depreciation3,026 2,992 2,988 
Amortization1,007 999 925 
EBITDA6,610 $13,400 $5,084 
EBITDA MARGIN9.1 %15.0 %6.7 %
Acquisition purchase accounting adjustments79 31 — 
Acquisition costs101 — — 
Restructuring costs198 129 82 
Foreign exchange loss/(gain)(1,913)2,961 2,912 
ADJUSTED EBITDA5,075 16,521 8,078 
ADJUSTED EBITDA MARGIN7.0 %18.5 %10.7 %
VISHAY PRECISION GROUP, INC.
Reconciliation of Adjusted EBITDA
(Unaudited - In thousands)
Year ended
December 31, 2024December 31, 2023
Net earnings attributable to VPG stockholders$9,911 $25,707 
Interest Expense2,512 3,974 
Income tax expense7,730 12,426 
Depreciation12,022 11,798 
Amortization3,783 3,752 
EBITDA35,958 $57,657 
EBITDA MARGIN11.7 %16.2 %
Acquisition purchase accounting adjustments79 335 
Acquisition costs101 — 
Restructuring costs1,062 1,560 
Severance cost347 — 
Foreign exchange (gain) loss(1,879)822 
ADJUSTED EBITDA35,668 60,374 
ADJUSTED EBITDA MARGIN11.6 %17.0 %
12

v3.25.0.1
Cover
Feb. 12, 2025
Cover [Abstract]  
Document Type 8-K
Document Period End Date Feb. 12, 2025
Entity Registrant Name Vishay Precision Group, Inc.
Entity Incorporation, State or Country Code DE
Entity File Number 1-34679
Entity Tax Identification Number 27-0986328
Entity Address, Address Line One 3 Great Valley Parkway, Suite 150
Entity Address, City or Town Malvern,
Entity Address, State or Province PA
Entity Address, Postal Zip Code 19355
City Area Code (484)
Local Phone Number 321-5300
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Title of 12(b) Security Common stock, $0.10 par value
Trading Symbol VPG
Security Exchange Name NYSE
Entity Emerging Growth Company false
Entity Central Index Key 0001487952
Amendment Flag false
Vishay Precision (NYSE:VPG)
Gráfico Histórico do Ativo
De Jan 2025 até Fev 2025 Click aqui para mais gráficos Vishay Precision.
Vishay Precision (NYSE:VPG)
Gráfico Histórico do Ativo
De Fev 2024 até Fev 2025 Click aqui para mais gráficos Vishay Precision.