{"success":true,"data":{"pressRelease":{"id":"109064","rtpr_id":"nGNX8vzQ9v","ticker":"VPG","exchange":"NYSE","all_tickers":["VPG"],"title":"VPG Reports Fiscal 2026 Second Quarter Results; Orders of $96 Million Reflect Continued Strength in Key Markets","author":"Globe Newswire","published_at":"2026-08-05T10:15:00.383Z","article_body":"CHESTERBROOK, Pa., Aug. 05, 2026 (GLOBE NEWSWIRE) -- Vishay Precision Group,\nInc. (NYSE: VPG), a leader in precision measurement and sensing technologies,\ntoday announced its results for its fiscal 2026 second quarter ended July 4,\n2026.\n\nSecond Fiscal Quarter Highlights (comparisons are to the comparable period a\nyear ago):\n* Net revenues of $83.9 million increased 11.7%.\n* Gross profit margin was 38.6% as compared to 40.7%\n* Adjusted gross profit margin* was 38.6%, as compared to 41.0%\n* Operating margin was (0.4%) as compared to 3.6%.\n* Adjusted operating margin* was 1.7%, as compared to 5.4%.\n* Diluted net loss per share of $0.13 compared to diluted net earnings per\nshare of $0.02.\n* Adjusted diluted net earnings per share* of $0.04 compared to $0.21.\n* Adjusted EBITDA* was $5.5 million with an adjusted EBITDA margin* of 6.5%.\nZiv Shoshani, Chief Executive Officer of VPG, commented, “We delivered\nanother quarter of strong order momentum, with bookings of $95.5 million and a\nbook-to-bill ratio of 1.14, driven by record quarterly orders for our\nprecision resistors serving AI-related semiconductor, data center, aerospace\nand defense applications. During the quarter, we received a vendor nomination\nletter from our initial humanoid robotics customer, positioning us to support\ntheir planned production ramp of next-generation humanoid robots in the second\nhalf of 2026. Supported by continuing strong demand trends in our key growth\nmarkets including expected humanoid bookings and a growing backlog, we believe\nwe are positioned to deliver organic annual revenue growth in fiscal 2026\nabove the 8% to 10% range previously outlined in our three-year model.”\n\nThe Company noted that its second-quarter revenue was impacted by\napproximately $3.0 million of delayed shipments in its steel-related systems\nbusiness due to supply chain challenges resulting from implementing a new ERP\nsystem. Production at this facility is increasing, and these orders are in\nbacklog with shipments expected to be completed by the end of the year.\n\nMr. Shoshani added: \"Our second-quarter profits were impacted by unfavorable\nforeign exchange movements, which reduced profits by $3.3 million compared\nwith the prior-year period, and by $0.9 million sequentially. Our financial\nresults were also affected by the delayed shipments and unfavorable product\nmix. We continued our strategic investments to support our growth initiatives\nwhile maintaining a disciplined focus on operational execution. We remain on\ntrack to deliver approximately $6 million of cost savings in 2026 as part of\nthree-year goal of achieving $20 million in cost reductions.\"\n\nSecond Fiscal Quarter and Six-Month Financial Trends:\nThe Company's second fiscal quarter 2026 net loss attributable to VPG\nstockholders was $1.7 million, or $0.13 per diluted share, compared to net\nearnings of $0.3 million or $0.02 per diluted share, in the second fiscal\nquarter of 2025. The second-quarter operating loss included $3.3 million\nrelated to unfavorable currency exchange rates compared to the prior year.\n\nIn the six fiscal months ended July 4, 2026, net loss attributable to VPG\nstockholders were $2.0 million or $0.15 per diluted share, compared to net\nloss of $0.7 million, or $0.05 per diluted share, in the six fiscal months\nended June 28, 2025. The operating loss for the first six months of 2026\nincluded $4.6 million related to unfavorable foreign currency exchange rates\ncompared to the same period a year ago.\n\nThe second fiscal quarter 2026 adjusted net earnings were $0.6 million,\nor $0.04 per adjusted diluted share*, compared to net earnings of $2.7\nmillion or $0.21 per adjusted diluted share* in the second fiscal quarter of\n2025.\n\nIn the six fiscal months ended July 4, 2026, adjusted net earnings* were $1.5\nmillion, or $0.11 per adjusted diluted share*, compared to net earnings of\n$3.6 million, or $0.28 per adjusted diluted share* in the six fiscal months\nended June 28, 2025.\n\nSegment Performance:\nThe Sensors segment revenue of $33.4 million in the second fiscal quarter of\n2026 increased 25.8% from $26.6 million in the second fiscal quarter of\n2025. Sequentially, revenue increased 0.3% compared to $33.3 million in the\nfirst fiscal quarter of 2026. The year-over-year increase in revenue was\nprimarily attributable to higher sales of precision resistors in the Test and\nMeasurement and AMS and higher sales of strain gage sensors in the AMS and\nOther markets. Sequentially, the increase in revenue primarily reflected\nhigher sales of precision resistors in the Test & Measurement and AMS markets,\nwhich was mostly offset by lower sales of strain gages in the Test and\nMeasurement market.\n\nGross profit margin for the Sensors segment was 31.5% for the second fiscal\nquarter of 2026, which decreased from 32.0% in the second fiscal quarter\nof 2025 and decreased from 34.8% in the first fiscal quarter of 2026.\nAdjusted gross margin* in the second fiscal quarter of 2025 of 32.2% was\nadjusted for $0.1 million of start-up costs. The year-over-year decrease in\ngross profit margin was primarily due to unfavorable foreign currency\nexchange rates, which offset higher volume. The sequential decrease in gross\nprofit margin was primarily due to unfavorable foreign currency exchange\nrates, higher materials costs and wage increases.\n\nThe Weighing Solutions segment revenues of $30.3 million in the second fiscal\nquarter of 2026 increased 3.1% from $29.4 million in the second fiscal\nquarter of 2025. Sequentially, revenue increased 0.4% compared to $30.2\nmillion in the first fiscal quarter of 2026. The year-over-year increase in\nrevenue was mainly attributable to higher sales in the General Industrial\nmarket for process weighing applications. Sequentially, higher revenue in\nthe Transportation market was offset by lower revenue in Other markets.\n\nGross profit margin for the Weighing Solutions segment was 37.3% for the\nsecond fiscal quarter of 2026, which decreased from adjusted gross margin of\n40.2% in the second fiscal quarter of 2025 and increased from 34.2% in\nthe first fiscal quarter of 2026. The year-over-year decrease in gross profit\nmargin was primarily due to unfavorable product mix and higher\nmanufacturing costs, partially offset by higher volume. The sequential\nincrease in gross profit margin primarily reflected cost reductions and\nfavorable product mix.\n\nThe Measurement Systems segment revenues of $20.2 million in the second fiscal\nquarter of 2026 increased 5.2% from $19.2 million in the second fiscal\nquarter of 2025. Sequentially, revenues decreased 3.1% compared to $20.8\nmillion in the first fiscal quarter of 2026. The year-over-year increase was\nprimarily attributable to higher revenue in the AMS and Steel markets, which\noffset lower sales in the Transportation market. Sequentially, the decrease in\nrevenue was primarily due to lower sales in the AMS and Transportation markets\nwhich were partially offset by higher sales in the Steel market.\n\nGross profit margin for the Measurement Systems segment was 52.5% for the\nsecond fiscal quarter of 2026, which decreased from 54.6% in the second\nfiscal quarter of 2025, and decreased from 52.6% in the\nfirst fiscal quarter of 2026. The year-over-year decrease in gross profit\nmargin was primarily due to unfavorable product mix which offset higher\nvolume. Second-quarter gross margin was essentially flat with the first\nquarter, as manufacturing efficiencies offset lower volume and unfavorable\nproduct mix.\n\nNear-Term Outlook\n“For the third fiscal quarter of 2026 at constant second fiscal quarter\n2026 foreign currency exchange rates, despite seasonal impacts in our\nEuropean operations, we expect net revenues to be in the range of $84 million\nto $89 million. Our guidance excludes third-quarter tariff refunds to\ncustomers which have no impact on profits,” said Mr. Shoshani.\n\n*Use of Non-GAAP Financial Information:\nBeginning in fiscal 2026, the Company revised its definition of certain\nnon-GAAP financial measures to exclude share-based compensation expense in\naddition to the other items described below. This change was made in light of\nthe Company’s evolving compensation structure following recent\norganizational changes, including the hiring of senior executives and the\nexpansion of equity-based incentive programs to attract and retain key talent.\n\nManagement believes that excluding share-based compensation expense in certain\nnon-GAAP financial measures provides investors with additional insight into\nthe Company’s core operating performance and enhanced understanding of\nbusiness trends across reporting periods, including those in comparison to its\nmain peer companies.\n\nShare-based compensation expense will continue to be reflected in the\nCompany's GAAP financial results and will be set forth in a specific line\nitem in the reconciliation table between GAAP and non-GAAP measures.\nPrior-period non-GAAP financial measures have been recast to conform to the\ncurrent presentation.\n\nThe Company defines “adjusted gross profit margin” as gross profit margin\nbefore start-up costs and share-based compensation expense. “Adjusted\noperating margin” is defined as operating margin before start-up costs,\nrestructuring costs, severance costs and share-based compensation expense.\n“Adjusted net earnings” and “adjusted diluted net earnings per share”\nare defined as net earnings attributable to VPG stockholders before start-up\ncosts, restructuring costs and severance costs, share-based compensation\nexpense, foreign currency exchange gains and losses and associated tax\neffects. We define “Adjusted EBITDA” as earnings before interest, taxes,\ndepreciation, and amortization, start-up costs, restructuring costs and\nseverance costs, foreign currency exchange gains and losses and share-based\ncompensation expense.\n\n“Adjusted free cash flow” for the second fiscal quarter of 2026 is\ndefined as the amount of cash generated from operating activities ($0.3\nmillion) in excess of capital expenditures ($(2.0) million), net of proceed,\nif any, from the sale of assets ($0.3 million).\n\nManagement believes that these non-GAAP measures are useful to investors\nbecause each present what management views as our core operating results for\nthe relevant period. The adjustments to the applicable GAAP measures relate to\noccurrences or events that are outside of our core operations, and management\nbelieves that the use of these non-GAAP measures provides a consistent basis\nto evaluate our operating profitability and performance trends across\ncomparable periods. These reconciling items are indicated on the accompanying\nreconciliation schedules and are more fully described in VPG’s consolidated\nfinancial statements presented in our Annual Report on Form 10-K and Quarterly\nReports on Forms 10-Q.\n\nConference Call and Webcast:\nA conference call will be held on Wednesday, August 5, 2026 at 9:00 a.m. ET\n(8:00 a.m. CT). To access the conference call, interested parties may call\n1-888-596-4144 or internationally +1-646-968-2525 and use passcode 6155497, or\nlog on to the investor relations page of the VPG website at ir.vpgsensors.com.\nA replay will be available approximately one hour after the completion of the\ncall by calling toll-free 1-800-770-2030 or internationally +1-609-800-9909\nand by using passcode 6155497. The replay will also be available on the\n“Events” page of investor relations section of the VPG website at\nir.vpgsensors.com.\n\nAbout VPG:\nVishay Precision Group, Inc. (VPG) is a leader in precision measurement and\nsensing technologies. Our sensors, weighing solutions and measurement systems\noptimize and enhance our customers’ product performance across a broad array\nof markets to make our world safer, smarter, and more productive. To learn\nmore, visit VPG at www.vpgsensors.com and follow us on LinkedIn.\n\nForward-Looking Statements:\nFrom time to time, information provided by us, including, but not limited to,\nstatements in this press release, or other statements made by or on our\nbehalf, may contain or constitute “forward-looking” information within\nthe meaning of the Private Securities Litigation Reform Act of 1995. Such\nstatements involve a number of risks, uncertainties, and contingencies, many\nof which are beyond our control, which may cause actual results, performance,\nor achievements to differ materially from those anticipated. Such statements\nare based on current expectations only, and are subject to certain risks,\nuncertainties, and assumptions. Should one or more of these risks or\nuncertainties materialize, or should underlying assumptions prove incorrect,\nactual results may vary materially from those anticipated, expected,\nestimated, or projected. Among the factors that could cause actual results to\nmaterially differ include: general business and economic conditions;\nsignificant developments from the recent and potential changes in tariffs and\ntrade regulation; impact of inflation; potential issues respecting the United\nStates federal government debt ceiling; global labor and supply chain\nchallenges; difficulties or delays in identifying, negotiating and completing\nacquisitions and integrating acquired companies; the inability to realize\nanticipated synergies and expansion possibilities; difficulties in new product\ndevelopment; changes in competition and technology in the markets that we\nserve and the mix of our products required to address these changes; changes\nin foreign currency exchange rates; political, economic, and health (including\npandemics) instabilities; instability or disruption caused by military\nhostilities in the regions or countries in which we operate (including\nIsrael); difficulties in implementing our cost reduction strategies, such as\nunderutilization of production facilities, labor unrest or legal challenges to\nour lay-off or termination plans, operation of redundant facilities due to\ndifficulties in transferring production to achieve efficiencies; compliance\nissues under applicable laws, such as export control laws, including the\noutcome of our voluntary self-disclosure of export control non-compliance; our\nability to execute our corporate strategy and business continuity, operational\nand budget plans; and other factors affecting our operations, markets,\nproducts, services, and prices that are set forth in our Annual Report on Form\n10-K for the fiscal year ended December 31, 2025. We caution you not to place\nundue reliance on forward-looking statements, which speak only as of the date\nof this report or as of the dates otherwise indicated in such forward-looking\nstatements. We undertake no obligation to publicly update or revise any\nforward-looking statements, whether as a result of new information, future\nevents, or otherwise.\n\nContact:\nSteve Cantor\nVishay Precision Group, Inc.\n781-222-3516\ninfo@vpgsensors.com\n\n\n\nVISHAY PRECISION GROUP, INC.\nConsolidated Condensed Statements of Operations\n(Unaudited - In thousands, except per share amounts)\n\n Fiscal Quarter Ended \n July 4, 2026 June 28, 2025 \n Net revenues $ 83,936 $ 75,161 \n Costs of products sold 51,497 44,567 \n Gross profit 32,439 30,594 \n \n Selling, general and administrative expenses 31,960 27,701 \n Restructuring costs 773 185 \n Operating (loss) income (294 ) 2,708 \n \n Other expense: \n Interest expense (345 ) (550 ) \n Other (1,215 ) (1,262 ) \n Other expense (1,560 ) (1,812 ) \n \n (Loss) Income before taxes (1,854 ) 896 \n \n Income tax (benefit) expense (148 ) 592 \n \n Net (loss) earnings (1,706 ) 304 \n Less: net earnings attributable to noncontrolling interests 14 56 \n Net (loss) earnings attributable to VPG stockholders $ (1,720 ) $ 248 \n \n Basic (loss) earnings per share attributable to VPG stockholders $ (0.13 ) $ 0.02 \n Diluted (loss) earnings per share attributable to VPG stockholders $ (0.13 ) $ 0.02 \n \n Weighted average shares outstanding - basic 13,310 13,263 \n Weighted average shares outstanding - diluted 13,310 13,309 \n\n\n\n\n\nVISHAY PRECISION GROUP, INC.\nConsolidated Condensed Statements of Operations\n(Unaudited - In thousands, except per share amounts)\n\n Six Fiscal Months Ended \n July 4, 2026 June 28, 2025 \n Net revenues $ 168,288 $ 146,902 \n Costs of products sold 102,974 89,262 \n Gross profit 65,314 57,640 \n \n Selling, general and administrative expenses 64,047 54,412 \n Restructuring costs 1,222 580 \n Operating income 45 2,648 \n \n Other expense: \n Interest expense (674 ) (1,101 ) \n Other (1,384 ) (1,938 ) \n Other expense (2,058 ) (3,039 ) \n \n Loss before taxes (2,013 ) (391 ) \n \n Income tax (benefit) expense (20 ) 260 \n \n Net loss (1,993 ) (651 ) \n Less: net earnings attributable to noncontrolling interests 46 43 \n Net loss attributable to VPG stockholders $ (2,039 ) $ (694 ) \n \n Basic loss per share attributable to VPG stockholders $ (0.15 ) $ (0.05 ) \n Diluted loss per share attributable to VPG stockholders $ (0.15 ) $ (0.05 ) \n \n Weighted average shares outstanding - basic 13,282 13,259 \n Weighted average shares outstanding - diluted 13,282 13,259 \n\n\n\n\n\nVISHAY PRECISION GROUP, INC.\nConsolidated Condensed Balance Sheets\n(In thousands)\n\n July 4, 2026 December 31, 2025 \n (Unaudited) \n Assets \n Current assets: \n Cash and cash equivalents $ 75,702 $ 87,366 \n Accounts receivable, net 62,198 56,348 \n Inventories: \n Raw materials 30,199 32,760 \n Work in process 30,184 25,794 \n Finished goods 23,822 24,269 \n Inventories, net 84,205 82,823 \n \n Prepaid expenses and other current assets 22,152 20,425 \n Total current assets 244,257 246,962 \n \n Property and equipment: \n Land 2,367 2,382 \n Buildings and improvements 80,482 78,737 \n Machinery and equipment 141,095 137,230 \n Software 12,195 11,692 \n Construction in progress 1,712 4,162 \n Accumulated depreciation (162,799 ) (158,123 ) \n Property and equipment, net 75,052 76,080 \n \n Goodwill 47,090 47,367 \n Intangible assets, net 36,117 38,227 \n Operating lease right-of-use assets 22,057 22,892 \n Other non-current assets 26,150 24,361 \n Total assets $ 450,723 $ 455,889 \n\nVISHAY PRECISION GROUP, INC.\nConsolidated Condensed Balance Sheets\n(In thousands)\n\n July 4, December 31, \n 2026 2025 \n (Unaudited) \n Liabilities and equity \n Current liabilities: \n Trade accounts payable $ 11,449 $ 10,530 \n Payroll and related expenses 20,276 19,569 \n Other accrued expenses and other current liabilities 22,356 20,833 \n Current portion of operating lease liabilities 4,706 4,347 \n Total current liabilities 58,787 55,279 \n \n Long-term debt 15,640 20,583 \n Deferred income taxes 3,682 3,834 \n Operating lease liabilities 18,907 19,547 \n Other non-current liabilities 14,780 14,200 \n Accrued pension and other postretirement costs 6,320 6,219 \n Total liabilities 118,116 119,662 \n \n Equity: \n 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 \n 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 \n Treasury stock, at cost - 1,137,995 shares held at July 4, 2026 and December 31, 2025 (25,335 ) (25,335 ) \n Capital in excess of par value 205,545 204,360 \n Retained earnings 195,231 197,270 \n Accumulated other comprehensive loss (44,137 ) (41,367 ) \n Total Vishay Precision Group, Inc. stockholders' equity 332,751 336,371 \n Noncontrolling interests (144 ) (144 ) \n Total equity 332,607 336,227 \n Total liabilities and equity $ 450,723 $ 455,889 \n\n\n\n\n\nVISHAY PRECISION GROUP, INC.\nConsolidated Condensed Statements of Cash Flows\n(Unaudited - In thousands)\n\n Six Fiscal Months Ended \n July 4, 2026 June 28, 2025 \n Operating activities \n Net loss $ (1,993 ) $ (651 ) \n Adjustments to reconcile net earnings to net cash provided by operating activities: \n Depreciation and amortization 8,287 7,889 \n (Gain) loss on sale of property and equipment (136 ) 33 \n Share-based compensation expense 1,555 1,057 \n Inventory write-offs for obsolescence 1,329 1,649 \n Deferred expense taxes (1,057 ) (881 ) \n Foreign currency impacts and other items 879 397 \n Net changes in operating assets and liabilities: \n Accounts receivable (6,592 ) 1,614 \n Inventories (3,350 ) (1,525 ) \n Prepaid expenses and other current assets (2,002 ) (1,214 ) \n Trade accounts payable 715 329 \n Other current liabilities 2,605 3,294 \n Other non current assets and liabilities, net (370 ) (1,012 ) \n Accrued pension and other postretirement costs, net (195 ) 232 \n Net cash (used in) provided by operating activities (325 ) 11,211 \n \n Investing activities \n Capital expenditures (5,046 ) (2,760 ) \n Proceeds from asset held from sale and sale of property and equipment 297 20 \n Net cash used in investing activities (4,749 ) (2,740 ) \n \n Financing activities \n Repayments on revolving facility (5,000 ) — \n (Distributions) contributions from noncontrolling interests (46 ) 108 \n Payments of employee taxes on certain share-based arrangements (375 ) (256 ) \n Net cash used in financing activities (5,421 ) (148 ) \n Effect of exchange rate changes on cash and cash equivalents (1,169 ) 2,780 \n (Decrease) increase in cash and cash equivalents (11,664 ) 11,103 \n Cash and cash equivalents at beginning of period 87,366 79,272 \n Cash and cash equivalents at end of period $ 75,702 $ 90,375 \n \n Supplemental disclosure of investing transactions: \n Capital expenditures accrued but not yet paid 1,544 $ 732 \n\n\n\n\n\nVISHAY PRECISION GROUP, INC.\nReconciliation of Consolidated Adjusted Gross Profit, Operating Income, Net\nEarnings Attributable to VPG Stockholders and Diluted Earnings Per Share\n(Unaudited - In thousands)\n\n Gross Profit Operating (Loss) Income Net (Loss) Earnings Diluted (Loss) Earnings \n Attributable to VPG Per share \n Stockholders \n Three months ended July 4, June 28, July 4, June 28, July 4, June 28, July 4, June 28, \n 2026 2025 2026 2025 2026 2025 2026 2025 \n As reported - GAAP $ 32,439 $ 30,594 $ (294 ) $ 2,708 $ (1,720 ) $ 248 (0.13 ) $ 0.02 \n As reported - GAAP Margins 38.6 % 40.7 % (0.4 )% 3.6 % — — — — \n Start-up costs (a) — 257 — 257 — 257 — 0.02 \n Restructuring costs — — 773 185 773 185 0.06 0.02 \n Severance cost — — 196 395 196 395 0.01 0.03 \n Stock-based compensation cost (b) 1 718 512 718 512 0.05 0.04 \n Foreign currency exchange loss (c) — — — — 1,244 1,763 0.09 0.13 \n Less: Tax effect of reconciling items and discrete tax items — — — — 625 707 0.04 0.05 \n As Adjusted - Non GAAP $ 32,439 $ 30,852 $ 1,393 $ 4,057 $ 586 $ 2,653 $ 0.04 $ 0.21 \n As Adjusted - Non GAAP Margins 38.6 % 41.0 % 1.7 % 5.4 % \n\n\n\n Gross Profit Operating Income Net (Loss) Earnings Diluted (Loss) Earnings \n Attributable to VPG Per share \n Stockholders \n Six Fiscal Months Ended July 4, June 28, July 4, June 28, July 4, June 28, July 4, June 28, \n 2026 2025 2026 2025 2026 2025 2026 2025 \n As reported - GAAP $ 65,314 $ 57,640 $ 45 $ 2,648 $ (2,039 ) $ (694 ) $ (0.15 ) $ (0.05 ) \n As reported - GAAP Margins 38.8 % 39.2 % 0.0 % 1.8 % — — — — \n Start-up costs (a) — 720 — 720 — 720 $ — $ 0.06 \n Restructuring costs — — 1,222 580 1,222 580 $ 0.09 $ 0.04 \n Severance cost — — 196 395 196 395 $ 0.01 $ 0.03 \n Stock-based compensation cost (b) — 8 1,555 1,057 1,555 1,057 $ 0.12 $ 0.08 \n Foreign currency exchange loss (c) — — — — 1,487 2,735 $ 0.11 $ 0.21 \n Less: Tax effect of reconciling items and discrete tax items — — — — 928 1,241 $ 0.07 $ 0.09 \n As Adjusted - Non GAAP $ 65,314 $ 58,368 $ 3,018 $ 5,400 $ 1,493 $ 3,552 $ 0.11 $ 0.28 \n As Adjusted - Non GAAP Margins 38.8 % 39.7 % 1.8 % 3.7 % \n\n(a) Start-up costs in 2025\n(b) Share-based compensation cost excluded for Non-GAAP results, effective\nbeginning 2026, with prior period comparability\n(c) Impact of foreign currency exchange rates on assets and liabilities\n\n\n\n\n\n VISHAY PRECISION GROUP, INC.\nReconciliation of Adjusted Gross Profit by segment\n(Unaudited - In thousands)\n\n Fiscal Quarter Ended \n July 4, 2026 June 28, 2025 April 4, 2026 \n Sensors \n Net revenues 33,418 26,563 33,314 \n \n As reported - GAAP 10,523 8,487 11,588 \n As reported - GAAP Margins 31.5 % 32.0 % 34.8 % \n Start-up costs — 79 — \n As Adjusted - Non GAAP 10,523 8,566 11,588 \n As Adjusted - Non GAAP Margins 31.5 % 32.2 % 34.8 % \n \n Weighing Solutions \n Net revenues 30,349 29,428 30,236 \n \n As reported - GAAP 11,325 11,646 10,340 \n As reported - GAAP Margins 37.3 % 39.6 % 34.2 % \n Start-up costs — 178 — \n As Adjusted - Non GAAP 11,325 11,825 10,340 \n As Adjusted - Non GAAP Margins 37.3 % 40.2 % 34.2 % \n \n Measurement Systems \n Net revenues 20,169 19,170 20,803 \n \n As reported - GAAP 10,591 10,461 10,946 \n As reported - GAAP Margins 52.5 % 54.6 % 52.6 % \n As Adjusted - Non GAAP 10,591 10,461 10,946 \n As Adjusted - Non GAAP Margins 52.5 % 54.6 % 52.6 % \n\n\n\n\n\nVISHAY PRECISION GROUP, INC.\nReconciliation of Adjusted EBITDA\n(Unaudited - In thousands)\n\n Fiscal Quarter Ended \n July 4, 2026 June 28, 2025 April 4, 2026 \n Net (loss) earnings attributable to VPG stockholders $ (1,720 ) $ 248 $ (319 ) \n Interest Expense 345 550 329 \n Income tax (benefit) expense (148 ) 592 129 \n Depreciation 3,093 2,872 3,223 \n Amortization 984 982 987 \n Restructuring costs 773 185 449 \n Severance cost 196 395 — \n Start-up costs (a) — 257 — \n Stock-based compensation cost (b) 718 512 837 \n Foreign currency exchange loss (c) 1,244 1,763 243 \n ADJUSTED EBITDA $ 5,485 $ 8,356 $ 5,878 \n ADJUSTED EBITDA MARGIN 6.5 % 11.1 % 7.0 % \n\n(a) Start-up costs in 2025\n(b) Share-based compensation cost excluded for Non-GAAP results, effective\nbeginning 2026, with prior period comparability\n(c) Impact of foreign currency exchange rates on assets and liabilities\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/6a100403-0113-4085-b4ac-2881776a873a)\n\n\n\nGlobeNewswire, Inc. 2026","article_body_html":"","raw_payload":{"data":{"id":"nGNX8vzQ9v","title":"VPG Reports Fiscal 2026 Second Quarter Results; Orders of $96 Million Reflect Continued Strength in Key Markets","author":"Globe Newswire","ticker":"VPG","created":"2026-08-05T10:15:00.383Z","tickers":["VPG"],"exchange":"NYSE","article_body":"CHESTERBROOK, Pa., Aug. 05, 2026 (GLOBE NEWSWIRE) -- Vishay Precision Group,\nInc. (NYSE: VPG), a leader in precision measurement and sensing technologies,\ntoday announced its results for its fiscal 2026 second quarter ended July 4,\n2026.\n\nSecond Fiscal Quarter Highlights (comparisons are to the comparable period a\nyear ago):\n* Net revenues of $83.9 million increased 11.7%.\n* Gross profit margin was 38.6% as compared to 40.7%\n* Adjusted gross profit margin* was 38.6%, as compared to 41.0%\n* Operating margin was (0.4%) as compared to 3.6%.\n* Adjusted operating margin* was 1.7%, as compared to 5.4%.\n* Diluted net loss per share of $0.13 compared to diluted net earnings per\nshare of $0.02.\n* Adjusted diluted net earnings per share* of $0.04 compared to $0.21.\n* Adjusted EBITDA* was $5.5 million with an adjusted EBITDA margin* of 6.5%.\nZiv Shoshani, Chief Executive Officer of VPG, commented, “We delivered\nanother quarter of strong order momentum, with bookings of $95.5 million and a\nbook-to-bill ratio of 1.14, driven by record quarterly orders for our\nprecision resistors serving AI-related semiconductor, data center, aerospace\nand defense applications. During the quarter, we received a vendor nomination\nletter from our initial humanoid robotics customer, positioning us to support\ntheir planned production ramp of next-generation humanoid robots in the second\nhalf of 2026. Supported by continuing strong demand trends in our key growth\nmarkets including expected humanoid bookings and a growing backlog, we believe\nwe are positioned to deliver organic annual revenue growth in fiscal 2026\nabove the 8% to 10% range previously outlined in our three-year model.”\n\nThe Company noted that its second-quarter revenue was impacted by\napproximately $3.0 million of delayed shipments in its steel-related systems\nbusiness due to supply chain challenges resulting from implementing a new ERP\nsystem. Production at this facility is increasing, and these orders are in\nbacklog with shipments expected to be completed by the end of the year.\n\nMr. Shoshani added: \"Our second-quarter profits were impacted by unfavorable\nforeign exchange movements, which reduced profits by $3.3 million compared\nwith the prior-year period, and by $0.9 million sequentially. Our financial\nresults were also affected by the delayed shipments and unfavorable product\nmix. We continued our strategic investments to support our growth initiatives\nwhile maintaining a disciplined focus on operational execution. We remain on\ntrack to deliver approximately $6 million of cost savings in 2026 as part of\nthree-year goal of achieving $20 million in cost reductions.\"\n\nSecond Fiscal Quarter and Six-Month Financial Trends:\nThe Company's second fiscal quarter 2026 net loss attributable to VPG\nstockholders was $1.7 million, or $0.13 per diluted share, compared to net\nearnings of $0.3 million or $0.02 per diluted share, in the second fiscal\nquarter of 2025. The second-quarter operating loss included $3.3 million\nrelated to unfavorable currency exchange rates compared to the prior year.\n\nIn the six fiscal months ended July 4, 2026, net loss attributable to VPG\nstockholders were $2.0 million or $0.15 per diluted share, compared to net\nloss of $0.7 million, or $0.05 per diluted share, in the six fiscal months\nended June 28, 2025. The operating loss for the first six months of 2026\nincluded $4.6 million related to unfavorable foreign currency exchange rates\ncompared to the same period a year ago.\n\nThe second fiscal quarter 2026 adjusted net earnings were $0.6 million,\nor $0.04 per adjusted diluted share*, compared to net earnings of $2.7\nmillion or $0.21 per adjusted diluted share* in the second fiscal quarter of\n2025.\n\nIn the six fiscal months ended July 4, 2026, adjusted net earnings* were $1.5\nmillion, or $0.11 per adjusted diluted share*, compared to net earnings of\n$3.6 million, or $0.28 per adjusted diluted share* in the six fiscal months\nended June 28, 2025.\n\nSegment Performance:\nThe Sensors segment revenue of $33.4 million in the second fiscal quarter of\n2026 increased 25.8% from $26.6 million in the second fiscal quarter of\n2025. Sequentially, revenue increased 0.3% compared to $33.3 million in the\nfirst fiscal quarter of 2026. The year-over-year increase in revenue was\nprimarily attributable to higher sales of precision resistors in the Test and\nMeasurement and AMS and higher sales of strain gage sensors in the AMS and\nOther markets. Sequentially, the increase in revenue primarily reflected\nhigher sales of precision resistors in the Test & Measurement and AMS markets,\nwhich was mostly offset by lower sales of strain gages in the Test and\nMeasurement market.\n\nGross profit margin for the Sensors segment was 31.5% for the second fiscal\nquarter of 2026, which decreased from 32.0% in the second fiscal quarter\nof 2025 and decreased from 34.8% in the first fiscal quarter of 2026.\nAdjusted gross margin* in the second fiscal quarter of 2025 of 32.2% was\nadjusted for $0.1 million of start-up costs. The year-over-year decrease in\ngross profit margin was primarily due to unfavorable foreign currency\nexchange rates, which offset higher volume. The sequential decrease in gross\nprofit margin was primarily due to unfavorable foreign currency exchange\nrates, higher materials costs and wage increases.\n\nThe Weighing Solutions segment revenues of $30.3 million in the second fiscal\nquarter of 2026 increased 3.1% from $29.4 million in the second fiscal\nquarter of 2025. Sequentially, revenue increased 0.4% compared to $30.2\nmillion in the first fiscal quarter of 2026. The year-over-year increase in\nrevenue was mainly attributable to higher sales in the General Industrial\nmarket for process weighing applications. Sequentially, higher revenue in\nthe Transportation market was offset by lower revenue in Other markets.\n\nGross profit margin for the Weighing Solutions segment was 37.3% for the\nsecond fiscal quarter of 2026, which decreased from adjusted gross margin of\n40.2% in the second fiscal quarter of 2025 and increased from 34.2% in\nthe first fiscal quarter of 2026. The year-over-year decrease in gross profit\nmargin was primarily due to unfavorable product mix and higher\nmanufacturing costs, partially offset by higher volume. The sequential\nincrease in gross profit margin primarily reflected cost reductions and\nfavorable product mix.\n\nThe Measurement Systems segment revenues of $20.2 million in the second fiscal\nquarter of 2026 increased 5.2% from $19.2 million in the second fiscal\nquarter of 2025. Sequentially, revenues decreased 3.1% compared to $20.8\nmillion in the first fiscal quarter of 2026. The year-over-year increase was\nprimarily attributable to higher revenue in the AMS and Steel markets, which\noffset lower sales in the Transportation market. Sequentially, the decrease in\nrevenue was primarily due to lower sales in the AMS and Transportation markets\nwhich were partially offset by higher sales in the Steel market.\n\nGross profit margin for the Measurement Systems segment was 52.5% for the\nsecond fiscal quarter of 2026, which decreased from 54.6% in the second\nfiscal quarter of 2025, and decreased from 52.6% in the\nfirst fiscal quarter of 2026. The year-over-year decrease in gross profit\nmargin was primarily due to unfavorable product mix which offset higher\nvolume. Second-quarter gross margin was essentially flat with the first\nquarter, as manufacturing efficiencies offset lower volume and unfavorable\nproduct mix.\n\nNear-Term Outlook\n“For the third fiscal quarter of 2026 at constant second fiscal quarter\n2026 foreign currency exchange rates, despite seasonal impacts in our\nEuropean operations, we expect net revenues to be in the range of $84 million\nto $89 million. Our guidance excludes third-quarter tariff refunds to\ncustomers which have no impact on profits,” said Mr. Shoshani.\n\n*Use of Non-GAAP Financial Information:\nBeginning in fiscal 2026, the Company revised its definition of certain\nnon-GAAP financial measures to exclude share-based compensation expense in\naddition to the other items described below. This change was made in light of\nthe Company’s evolving compensation structure following recent\norganizational changes, including the hiring of senior executives and the\nexpansion of equity-based incentive programs to attract and retain key talent.\n\nManagement believes that excluding share-based compensation expense in certain\nnon-GAAP financial measures provides investors with additional insight into\nthe Company’s core operating performance and enhanced understanding of\nbusiness trends across reporting periods, including those in comparison to its\nmain peer companies.\n\nShare-based compensation expense will continue to be reflected in the\nCompany's GAAP financial results and will be set forth in a specific line\nitem in the reconciliation table between GAAP and non-GAAP measures.\nPrior-period non-GAAP financial measures have been recast to conform to the\ncurrent presentation.\n\nThe Company defines “adjusted gross profit margin” as gross profit margin\nbefore start-up costs and share-based compensation expense. “Adjusted\noperating margin” is defined as operating margin before start-up costs,\nrestructuring costs, severance costs and share-based compensation expense.\n“Adjusted net earnings” and “adjusted diluted net earnings per share”\nare defined as net earnings attributable to VPG stockholders before start-up\ncosts, restructuring costs and severance costs, share-based compensation\nexpense, foreign currency exchange gains and losses and associated tax\neffects. We define “Adjusted EBITDA” as earnings before interest, taxes,\ndepreciation, and amortization, start-up costs, restructuring costs and\nseverance costs, foreign currency exchange gains and losses and share-based\ncompensation expense.\n\n“Adjusted free cash flow” for the second fiscal quarter of 2026 is\ndefined as the amount of cash generated from operating activities ($0.3\nmillion) in excess of capital expenditures ($(2.0) million), net of proceed,\nif any, from the sale of assets ($0.3 million).\n\nManagement believes that these non-GAAP measures are useful to investors\nbecause each present what management views as our core operating results for\nthe relevant period. The adjustments to the applicable GAAP measures relate to\noccurrences or events that are outside of our core operations, and management\nbelieves that the use of these non-GAAP measures provides a consistent basis\nto evaluate our operating profitability and performance trends across\ncomparable periods. These reconciling items are indicated on the accompanying\nreconciliation schedules and are more fully described in VPG’s consolidated\nfinancial statements presented in our Annual Report on Form 10-K and Quarterly\nReports on Forms 10-Q.\n\nConference Call and Webcast:\nA conference call will be held on Wednesday, August 5, 2026 at 9:00 a.m. ET\n(8:00 a.m. CT). To access the conference call, interested parties may call\n1-888-596-4144 or internationally +1-646-968-2525 and use passcode 6155497, or\nlog on to the investor relations page of the VPG website at ir.vpgsensors.com.\nA replay will be available approximately one hour after the completion of the\ncall by calling toll-free 1-800-770-2030 or internationally +1-609-800-9909\nand by using passcode 6155497. The replay will also be available on the\n“Events” page of investor relations section of the VPG website at\nir.vpgsensors.com.\n\nAbout VPG:\nVishay Precision Group, Inc. (VPG) is a leader in precision measurement and\nsensing technologies. Our sensors, weighing solutions and measurement systems\noptimize and enhance our customers’ product performance across a broad array\nof markets to make our world safer, smarter, and more productive. To learn\nmore, visit VPG at www.vpgsensors.com and follow us on LinkedIn.\n\nForward-Looking Statements:\nFrom time to time, information provided by us, including, but not limited to,\nstatements in this press release, or other statements made by or on our\nbehalf, may contain or constitute “forward-looking” information within\nthe meaning of the Private Securities Litigation Reform Act of 1995. Such\nstatements involve a number of risks, uncertainties, and contingencies, many\nof which are beyond our control, which may cause actual results, performance,\nor achievements to differ materially from those anticipated. Such statements\nare based on current expectations only, and are subject to certain risks,\nuncertainties, and assumptions. Should one or more of these risks or\nuncertainties materialize, or should underlying assumptions prove incorrect,\nactual results may vary materially from those anticipated, expected,\nestimated, or projected. Among the factors that could cause actual results to\nmaterially differ include: general business and economic conditions;\nsignificant developments from the recent and potential changes in tariffs and\ntrade regulation; impact of inflation; potential issues respecting the United\nStates federal government debt ceiling; global labor and supply chain\nchallenges; difficulties or delays in identifying, negotiating and completing\nacquisitions and integrating acquired companies; the inability to realize\nanticipated synergies and expansion possibilities; difficulties in new product\ndevelopment; changes in competition and technology in the markets that we\nserve and the mix of our products required to address these changes; changes\nin foreign currency exchange rates; political, economic, and health (including\npandemics) instabilities; instability or disruption caused by military\nhostilities in the regions or countries in which we operate (including\nIsrael); difficulties in implementing our cost reduction strategies, such as\nunderutilization of production facilities, labor unrest or legal challenges to\nour lay-off or termination plans, operation of redundant facilities due to\ndifficulties in transferring production to achieve efficiencies; compliance\nissues under applicable laws, such as export control laws, including the\noutcome of our voluntary self-disclosure of export control non-compliance; our\nability to execute our corporate strategy and business continuity, operational\nand budget plans; and other factors affecting our operations, markets,\nproducts, services, and prices that are set forth in our Annual Report on Form\n10-K for the fiscal year ended December 31, 2025. We caution you not to place\nundue reliance on forward-looking statements, which speak only as of the date\nof this report or as of the dates otherwise indicated in such forward-looking\nstatements. We undertake no obligation to publicly update or revise any\nforward-looking statements, whether as a result of new information, future\nevents, or otherwise.\n\nContact:\nSteve Cantor\nVishay Precision Group, Inc.\n781-222-3516\ninfo@vpgsensors.com\n\n\n\nVISHAY PRECISION GROUP, INC.\nConsolidated Condensed Statements of Operations\n(Unaudited - In thousands, except per share amounts)\n\n Fiscal Quarter Ended \n July 4, 2026 June 28, 2025 \n Net revenues $ 83,936 $ 75,161 \n Costs of products sold 51,497 44,567 \n Gross profit 32,439 30,594 \n \n Selling, general and administrative expenses 31,960 27,701 \n Restructuring costs 773 185 \n Operating (loss) income (294 ) 2,708 \n \n Other expense: \n Interest expense (345 ) (550 ) \n Other (1,215 ) (1,262 ) \n Other expense (1,560 ) (1,812 ) \n \n (Loss) Income before taxes (1,854 ) 896 \n \n Income tax (benefit) expense (148 ) 592 \n \n Net (loss) earnings (1,706 ) 304 \n Less: net earnings attributable to noncontrolling interests 14 56 \n Net (loss) earnings attributable to VPG stockholders $ (1,720 ) $ 248 \n \n Basic (loss) earnings per share attributable to VPG stockholders $ (0.13 ) $ 0.02 \n Diluted (loss) earnings per share attributable to VPG stockholders $ (0.13 ) $ 0.02 \n \n Weighted average shares outstanding - basic 13,310 13,263 \n Weighted average shares outstanding - diluted 13,310 13,309 \n\n\n\n\n\nVISHAY PRECISION GROUP, INC.\nConsolidated Condensed Statements of Operations\n(Unaudited - In thousands, except per share amounts)\n\n Six Fiscal Months Ended \n July 4, 2026 June 28, 2025 \n Net revenues $ 168,288 $ 146,902 \n Costs of products sold 102,974 89,262 \n Gross profit 65,314 57,640 \n \n Selling, general and administrative expenses 64,047 54,412 \n Restructuring costs 1,222 580 \n Operating income 45 2,648 \n \n Other expense: \n Interest expense (674 ) (1,101 ) \n Other (1,384 ) (1,938 ) \n Other expense (2,058 ) (3,039 ) \n \n Loss before taxes (2,013 ) (391 ) \n \n Income tax (benefit) expense (20 ) 260 \n \n Net loss (1,993 ) (651 ) \n Less: net earnings attributable to noncontrolling interests 46 43 \n Net loss attributable to VPG stockholders $ (2,039 ) $ (694 ) \n \n Basic loss per share attributable to VPG stockholders $ (0.15 ) $ (0.05 ) \n Diluted loss per share attributable to VPG stockholders $ (0.15 ) $ (0.05 ) \n \n Weighted average shares outstanding - basic 13,282 13,259 \n Weighted average shares outstanding - diluted 13,282 13,259 \n\n\n\n\n\nVISHAY PRECISION GROUP, INC.\nConsolidated Condensed Balance Sheets\n(In thousands)\n\n July 4, 2026 December 31, 2025 \n (Unaudited) \n Assets \n Current assets: \n Cash and cash equivalents $ 75,702 $ 87,366 \n Accounts receivable, net 62,198 56,348 \n Inventories: \n Raw materials 30,199 32,760 \n Work in process 30,184 25,794 \n Finished goods 23,822 24,269 \n Inventories, net 84,205 82,823 \n \n Prepaid expenses and other current assets 22,152 20,425 \n Total current assets 244,257 246,962 \n \n Property and equipment: \n Land 2,367 2,382 \n Buildings and improvements 80,482 78,737 \n Machinery and equipment 141,095 137,230 \n Software 12,195 11,692 \n Construction in progress 1,712 4,162 \n Accumulated depreciation (162,799 ) (158,123 ) \n Property and equipment, net 75,052 76,080 \n \n Goodwill 47,090 47,367 \n Intangible assets, net 36,117 38,227 \n Operating lease right-of-use assets 22,057 22,892 \n Other non-current assets 26,150 24,361 \n Total assets $ 450,723 $ 455,889 \n\nVISHAY PRECISION GROUP, INC.\nConsolidated Condensed Balance Sheets\n(In thousands)\n\n July 4, December 31, \n 2026 2025 \n (Unaudited) \n Liabilities and equity \n Current liabilities: \n Trade accounts payable $ 11,449 $ 10,530 \n Payroll and related expenses 20,276 19,569 \n Other accrued expenses and other current liabilities 22,356 20,833 \n Current portion of operating lease liabilities 4,706 4,347 \n Total current liabilities 58,787 55,279 \n \n Long-term debt 15,640 20,583 \n Deferred income taxes 3,682 3,834 \n Operating lease liabilities 18,907 19,547 \n Other non-current liabilities 14,780 14,200 \n Accrued pension and other postretirement costs 6,320 6,219 \n Total liabilities 118,116 119,662 \n \n Equity: \n 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 \n 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 \n Treasury stock, at cost - 1,137,995 shares held at July 4, 2026 and December 31, 2025 (25,335 ) (25,335 ) \n Capital in excess of par value 205,545 204,360 \n Retained earnings 195,231 197,270 \n Accumulated other comprehensive loss (44,137 ) (41,367 ) \n Total Vishay Precision Group, Inc. stockholders' equity 332,751 336,371 \n Noncontrolling interests (144 ) (144 ) \n Total equity 332,607 336,227 \n Total liabilities and equity $ 450,723 $ 455,889 \n\n\n\n\n\nVISHAY PRECISION GROUP, INC.\nConsolidated Condensed Statements of Cash Flows\n(Unaudited - In thousands)\n\n Six Fiscal Months Ended \n July 4, 2026 June 28, 2025 \n Operating activities \n Net loss $ (1,993 ) $ (651 ) \n Adjustments to reconcile net earnings to net cash provided by operating activities: \n Depreciation and amortization 8,287 7,889 \n (Gain) loss on sale of property and equipment (136 ) 33 \n Share-based compensation expense 1,555 1,057 \n Inventory write-offs for obsolescence 1,329 1,649 \n Deferred expense taxes (1,057 ) (881 ) \n Foreign currency impacts and other items 879 397 \n Net changes in operating assets and liabilities: \n Accounts receivable (6,592 ) 1,614 \n Inventories (3,350 ) (1,525 ) \n Prepaid expenses and other current assets (2,002 ) (1,214 ) \n Trade accounts payable 715 329 \n Other current liabilities 2,605 3,294 \n Other non current assets and liabilities, net (370 ) (1,012 ) \n Accrued pension and other postretirement costs, net (195 ) 232 \n Net cash (used in) provided by operating activities (325 ) 11,211 \n \n Investing activities \n Capital expenditures (5,046 ) (2,760 ) \n Proceeds from asset held from sale and sale of property and equipment 297 20 \n Net cash used in investing activities (4,749 ) (2,740 ) \n \n Financing activities \n Repayments on revolving facility (5,000 ) — \n (Distributions) contributions from noncontrolling interests (46 ) 108 \n Payments of employee taxes on certain share-based arrangements (375 ) (256 ) \n Net cash used in financing activities (5,421 ) (148 ) \n Effect of exchange rate changes on cash and cash equivalents (1,169 ) 2,780 \n (Decrease) increase in cash and cash equivalents (11,664 ) 11,103 \n Cash and cash equivalents at beginning of period 87,366 79,272 \n Cash and cash equivalents at end of period $ 75,702 $ 90,375 \n \n Supplemental disclosure of investing transactions: \n Capital expenditures accrued but not yet paid 1,544 $ 732 \n\n\n\n\n\nVISHAY PRECISION GROUP, INC.\nReconciliation of Consolidated Adjusted Gross Profit, Operating Income, Net\nEarnings Attributable to VPG Stockholders and Diluted Earnings Per Share\n(Unaudited - In thousands)\n\n Gross Profit Operating (Loss) Income Net (Loss) Earnings Diluted (Loss) Earnings \n Attributable to VPG Per share \n Stockholders \n Three months ended July 4, June 28, July 4, June 28, July 4, June 28, July 4, June 28, \n 2026 2025 2026 2025 2026 2025 2026 2025 \n As reported - GAAP $ 32,439 $ 30,594 $ (294 ) $ 2,708 $ (1,720 ) $ 248 (0.13 ) $ 0.02 \n As reported - GAAP Margins 38.6 % 40.7 % (0.4 )% 3.6 % — — — — \n Start-up costs (a) — 257 — 257 — 257 — 0.02 \n Restructuring costs — — 773 185 773 185 0.06 0.02 \n Severance cost — — 196 395 196 395 0.01 0.03 \n Stock-based compensation cost (b) 1 718 512 718 512 0.05 0.04 \n Foreign currency exchange loss (c) — — — — 1,244 1,763 0.09 0.13 \n Less: Tax effect of reconciling items and discrete tax items — — — — 625 707 0.04 0.05 \n As Adjusted - Non GAAP $ 32,439 $ 30,852 $ 1,393 $ 4,057 $ 586 $ 2,653 $ 0.04 $ 0.21 \n As Adjusted - Non GAAP Margins 38.6 % 41.0 % 1.7 % 5.4 % \n\n\n\n Gross Profit Operating Income Net (Loss) Earnings Diluted (Loss) Earnings \n Attributable to VPG Per share \n Stockholders \n Six Fiscal Months Ended July 4, June 28, July 4, June 28, July 4, June 28, July 4, June 28, \n 2026 2025 2026 2025 2026 2025 2026 2025 \n As reported - GAAP $ 65,314 $ 57,640 $ 45 $ 2,648 $ (2,039 ) $ (694 ) $ (0.15 ) $ (0.05 ) \n As reported - GAAP Margins 38.8 % 39.2 % 0.0 % 1.8 % — — — — \n Start-up costs (a) — 720 — 720 — 720 $ — $ 0.06 \n Restructuring costs — — 1,222 580 1,222 580 $ 0.09 $ 0.04 \n Severance cost — — 196 395 196 395 $ 0.01 $ 0.03 \n Stock-based compensation cost (b) — 8 1,555 1,057 1,555 1,057 $ 0.12 $ 0.08 \n Foreign currency exchange loss (c) — — — — 1,487 2,735 $ 0.11 $ 0.21 \n Less: Tax effect of reconciling items and discrete tax items — — — — 928 1,241 $ 0.07 $ 0.09 \n As Adjusted - Non GAAP $ 65,314 $ 58,368 $ 3,018 $ 5,400 $ 1,493 $ 3,552 $ 0.11 $ 0.28 \n As Adjusted - Non GAAP Margins 38.8 % 39.7 % 1.8 % 3.7 % \n\n(a) Start-up costs in 2025\n(b) Share-based compensation cost excluded for Non-GAAP results, effective\nbeginning 2026, with prior period comparability\n(c) Impact of foreign currency exchange rates on assets and liabilities\n\n\n\n\n\n VISHAY PRECISION GROUP, INC.\nReconciliation of Adjusted Gross Profit by segment\n(Unaudited - In thousands)\n\n Fiscal Quarter Ended \n July 4, 2026 June 28, 2025 April 4, 2026 \n Sensors \n Net revenues 33,418 26,563 33,314 \n \n As reported - GAAP 10,523 8,487 11,588 \n As reported - GAAP Margins 31.5 % 32.0 % 34.8 % \n Start-up costs — 79 — \n As Adjusted - Non GAAP 10,523 8,566 11,588 \n As Adjusted - Non GAAP Margins 31.5 % 32.2 % 34.8 % \n \n Weighing Solutions \n Net revenues 30,349 29,428 30,236 \n \n As reported - GAAP 11,325 11,646 10,340 \n As reported - GAAP Margins 37.3 % 39.6 % 34.2 % \n Start-up costs — 178 — \n As Adjusted - Non GAAP 11,325 11,825 10,340 \n As Adjusted - Non GAAP Margins 37.3 % 40.2 % 34.2 % \n \n Measurement Systems \n Net revenues 20,169 19,170 20,803 \n \n As reported - GAAP 10,591 10,461 10,946 \n As reported - GAAP Margins 52.5 % 54.6 % 52.6 % \n As Adjusted - Non GAAP 10,591 10,461 10,946 \n As Adjusted - Non GAAP Margins 52.5 % 54.6 % 52.6 % \n\n\n\n\n\nVISHAY PRECISION GROUP, INC.\nReconciliation of Adjusted EBITDA\n(Unaudited - In thousands)\n\n Fiscal Quarter Ended \n July 4, 2026 June 28, 2025 April 4, 2026 \n Net (loss) earnings attributable to VPG stockholders $ (1,720 ) $ 248 $ (319 ) \n Interest Expense 345 550 329 \n Income tax (benefit) expense (148 ) 592 129 \n Depreciation 3,093 2,872 3,223 \n Amortization 984 982 987 \n Restructuring costs 773 185 449 \n Severance cost 196 395 — \n Start-up costs (a) — 257 — \n Stock-based compensation cost (b) 718 512 837 \n Foreign currency exchange loss (c) 1,244 1,763 243 \n ADJUSTED EBITDA $ 5,485 $ 8,356 $ 5,878 \n ADJUSTED EBITDA MARGIN 6.5 % 11.1 % 7.0 % \n\n(a) Start-up costs in 2025\n(b) Share-based compensation cost excluded for Non-GAAP results, effective\nbeginning 2026, with prior period comparability\n(c) Impact of foreign currency exchange rates on assets and liabilities\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/6a100403-0113-4085-b4ac-2881776a873a)\n\n\n\nGlobeNewswire, Inc. 2026"},"type":"article","timestamp":"2026-08-05T10:15:00.454080603Z","server_sent_at_ms":1785924900454},"received_at":"2026-08-05T10:15:00.702Z","source_url":"https://www.globenewswire.com/news-release/2026/08/05/3339109/0/en/vpg-reports-fiscal-2026-second-quarter-results-orders-of-96-million-reflect-continued-strength-in-key-markets.html"},"analysis":{"id":"98070","press_release_id":"109064","analysis_json":{"industry":{"label":"Technology Hardware, Storage & Peripherals","sector":"Information Technology"},"redFlags":["GAAP net loss of $0.13 per share vs prior earnings","Unfavorable foreign exchange reduced profits by $3.3 million","$3.0 million in revenue delayed due to ERP system implementation challenges","Gross margin declined to 38.6% from 40.7%"],"eventType":"earnings","narrative":"VPG reported Q2 revenue of $83.9 million, up 11.7% year-over-year, with bookings reaching $95.5 million for a book-to-bill ratio of 1.14 driven by AI-related semiconductor demand.\n\nDespite the revenue growth, the company posted a GAAP net loss of $0.13 per share compared to prior earnings, impacted by $3.3 million in unfavorable foreign exchange movements and $3.0 million in delayed shipments from a new ERP system implementation.\n\nLooking ahead, management guided Q3 revenue to $84 million-$89 million at constant FX and highlighted a vendor nomination for next-generation humanoid robots, positioning the company for organic growth above its previous model.","sentiment":"mixed","agentHooks":{"shouldPost":false,"suggestedAngle":"Strong bookings and AI exposure support the long-term story, but near-term profitability is hampered by FX and ERP issues."},"keyFigures":{"revenue":83900000,"guidance":"Q3 revenue $84 million to $89 million at constant FX","revenueYoy":"11.7%","customDimensions":{"bookings":95500000,"adjusted_eps":0.04,"book_to_bill":"1.14","fx_headwind_q2":3300000,"adjusted_ebitda":5500000,"erp_delay_impact":3000000,"gross_margin_gaap":"38.6%","operating_margin_gaap":"-0.4%"}},"quotedText":"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.","namedEntities":{"people":[{"name":"Ziv Shoshani","role":"Chief Executive Officer"},{"name":"Steve Cantor","role":"Contact"}],"products":["precision resistors","strain gage sensors"],"companies":[{"name":"Vishay Precision Group, Inc.","ticker":"VPG"}],"dollarAmounts":[{"amount":"$83.9 million","context":"Q2 net revenues"},{"amount":"$95.5 million","context":"Q2 bookings"},{"amount":"$3.3 million","context":"FX impact on profits YoY"},{"amount":"$3.0 million","context":"delayed shipments due to ERP issues"},{"amount":"$84 million to $89 million","context":"Q3 revenue guidance"}]},"materialImpact":{"score":3,"reasoning":"Revenue growth and record bookings (book-to-bill > 1) indicate strong demand and future potential, particularly in AI applications. However, these positives were offset by a swing to a GAAP net loss driven by significant FX headwinds and operational disruptions from an ERP implementation."},"tickerRelevance":{"others":[],"primary":"VPG"},"globalImportance":25,"audienceRelevance":20,"eventTypeSecondary":["guidance_update"],"importanceComponents":{"aiExposure":"Positive","tickerTier":"small-mid-cap","eventGravity":"Mixed earnings with AI tailwinds","sectorWeight":"Technology Hardware"}},"event_type":"earnings","event_type_secondary":["guidance_update"],"sentiment":"mixed","material_impact_score":3,"narrative":"VPG reported Q2 revenue of $83.9 million, up 11.7% year-over-year, with bookings reaching $95.5 million for a book-to-bill ratio of 1.14 driven by AI-related semiconductor demand.\n\nDespite the revenue growth, the company posted a GAAP net loss of $0.13 per share compared to prior earnings, impacted by $3.3 million in unfavorable foreign exchange movements and $3.0 million in delayed shipments from a new ERP system implementation.\n\nLooking ahead, management guided Q3 revenue to $84 million-$89 million at constant FX and highlighted a vendor nomination for next-generation humanoid robots, positioning the company for organic growth above its previous model.","key_figures":{"revenue":83900000,"guidance":"Q3 revenue $84 million to $89 million at constant FX","revenueYoy":"11.7%","customDimensions":{"bookings":95500000,"adjusted_eps":0.04,"book_to_bill":"1.14","fx_headwind_q2":3300000,"adjusted_ebitda":5500000,"erp_delay_impact":3000000,"gross_margin_gaap":"38.6%","operating_margin_gaap":"-0.4%"}},"named_entities":{"people":[{"name":"Ziv Shoshani","role":"Chief Executive Officer"},{"name":"Steve Cantor","role":"Contact"}],"products":["precision resistors","strain gage sensors"],"companies":[{"name":"Vishay Precision Group, Inc.","ticker":"VPG"}],"dollarAmounts":[{"amount":"$83.9 million","context":"Q2 net revenues"},{"amount":"$95.5 million","context":"Q2 bookings"},{"amount":"$3.3 million","context":"FX impact on profits YoY"},{"amount":"$3.0 million","context":"delayed shipments due to ERP issues"},{"amount":"$84 million to $89 million","context":"Q3 revenue guidance"}]},"model_name":"glm-4.7","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-08-05T11:02:11.596Z","global_importance":25,"audience_relevance":20,"importance_components":{"aiExposure":"Positive","tickerTier":"small-mid-cap","eventGravity":"Mixed earnings with AI tailwinds","sectorWeight":"Technology Hardware"}},"durationMs":null,"modelName":"glm-4.7"}}