Vishay Precision Group, Inc. (VPG) reported a decline in financial performance for the first fiscal quarter of 2025, with net revenues of $71.7 million, down 11.2% from $80.8 million in the same period last year. The company experienced a net loss attributable to VPG stockholders of $0.9 million, or $(0.07) per diluted share, compared to net earnings of $5.9 million, or $0.44 per diluted share, in the prior year. The decrease in revenue was attributed to lower sales across all three reporting segments: Sensors, Weighing Solutions, and Measurement Systems.
In comparison to the previous fiscal quarter, VPG's revenues decreased by 1.3%, primarily due to a significant drop in the Measurement Systems segment, which was partially offset by increases in the Sensors and Weighing Solutions segments. The gross profit margin also fell to 37.7%, down from 43.4% in the prior year, reflecting increased costs and lower sales volumes. The company recorded restructuring costs of $0.4 million during the quarter, down from $0.8 million in the same period last year, as part of ongoing cost reduction initiatives.
Operationally, VPG's total assets increased slightly to $453.8 million as of March 29, 2025, compared to $450.9 million at the end of 2024. The company maintained a strong liquidity position, with cash and cash equivalents rising to $83.9 million from $79.3 million at the end of the previous year. VPG's employee headcount remained stable, and the company continues to focus on optimizing its manufacturing operations, including a recent acquisition of Nokra Optische Prueftechnik und Automation GmbH, which is expected to enhance its precision measurement capabilities.
Looking ahead, VPG is navigating challenges posed by geopolitical tensions, particularly in Israel, where it has significant operations. The company has implemented contingency plans to secure supply chains and ensure employee safety. Despite the current market conditions, VPG remains committed to its strategic initiatives, including expanding its product offerings and optimizing its manufacturing footprint. The company anticipates that its ongoing investments in research and development will drive future growth, particularly as demand for precision measurement technologies continues to rise across various industries.
About Vishay Precision Group, Inc.
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