VPG Filings — Vishay Precision Group, Inc. - FilingSpy
VPG
Vishay Precision Group, Inc.
A maker of precision sensors and measurement equipment, VPG builds the ultra-accurate foil resistors and strain gages used in avionics, medical gear, and industrial automation, along with load cells, vehicle-weighing systems, and crash-test data capture tools. Born in 2010 as a spin-off of Vishay Intertechnology, it traces its roots to physicist and Holocaust survivor Dr. Felix Zandman, who named the company after his ancestral village in Lithuania, where family members perished during the Holocaust.
VPG reports Q2 fiscal 2026 net revenues of $83.9 million, up 11.7% year-over-year
Diluted net loss per share was $0.13, compared to diluted net earnings per share of $0.02 in the prior-year quarter.
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Net revenues for the second fiscal quarter ended July 4, 2026 were $83.9 million, an increase of 11.7% from the prior-year quarter.
Adjusted diluted net earnings per share were $0.04, compared to $0.21 in the prior-year quarter.
Orders were $95.5 million with a book-to-bill ratio of 1.14, driven by record quarterly orders for precision resistors for AI-related applications.
For the third fiscal quarter of 2026, the company expects net revenues in the range of $84 million to $89 million at constant second-quarter exchange rates.
2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits
Vishay Precision Group CFO William M. Clancy to retire effective December 31, 2026
Under the Transition Agreement, Clancy will receive base salary continuation until June 30, 2028, COBRA premium payments, his 2026 annual bonus, full vesting of time-based RSUs, and partial vesting of performance-based RSUs.
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CFO William M. Clancy notified the company of his retirement on May 18, 2026, effective December 31, 2026, and entered into a Transition & Separation Agreement on May 19, 2026.
CEO Ziv Shoshani's employment agreement was amended to provide an annual equity award of approximately 225% of base salary and an annual cash bonus target of 100% of base salary, effective fiscal year 2026.
CAO Amir Tal's employment agreement was amended to provide an annual equity award of approximately 100% of base salary, effective fiscal year 2026.
New employment agreements were entered into with EVP & Chief Business and Product Officer Yair Alcobi and EVP & Chief Operating Officer Rafi Ouzan, each with base salaries in New Israeli Shekels, annual equity awards, and cash bonus targets.
At the 2026 Annual Meeting, stockholders elected six directors, ratified the appointment of Brightman Almagor Zohar & Co. as independent auditor, and approved the advisory executive compensation resolution.
Earnings8-K
VPG reports Q1 fiscal 2026 net revenues of $84.4 million, up 17.6% year-over-year
Gross profit margin was 39.0%, up from 37.7% in the year-ago quarter; adjusted gross profit margin was 39.0% versus 38.4%.
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Net revenues for the first fiscal quarter ended April 4, 2026 were $84.4 million, a 17.6% increase from $71.7 million in the prior-year quarter.
Diluted net loss per share was $0.02, improved from a loss of $0.07 per share in the prior-year quarter; adjusted diluted net earnings per share was $0.07, flat year-over-year.
Bookings were $102.1 million, up 25.5% sequentially, with a consolidated book-to-bill of 1.21; Sensors segment bookings grew 29.0% sequentially.
For the second fiscal quarter of 2026, the company expects net revenues in the range of $85 million to $90 million at constant first-quarter exchange rates.
2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits
Vishay Precision Group reports 2025 annual meeting stockholder voting results.
Stockholders elected seven directors: Kobi Altman, Sejal Shah Gulati, Erez Lorber, Saul Reibstein, Ziv Shoshani, Nava Swersky Sofer, and Timothy Talbert, each for a one-year term.
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Vishay Precision Group held its 2025 Annual Meeting of Stockholders on May 21, 2025.
The appointment of Brightman Almagor Zohar & Co., a Deloitte global network firm, as independent auditor for 2025 was ratified with 20,918,675 votes for.
The advisory executive compensation resolution was approved with 19,609,926 votes for.
A total of 11,864,436 shares were present at the meeting, representing 20,930,379 total votes.
5.07 Submission of Matters to a Vote of Security Holders
VPG reports Q1 2025 revenue of $71.7 million, down 11.2% year-over-year
First quarter 2025 net loss attributable to VPG stockholders was $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 quarter.
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Gross profit margin was 37.7% versus 43.4% a year ago; adjusted gross profit margin was 38.3% versus 43.4%.
Operating margin was (0.1)% versus 8.6% a year ago; adjusted operating margin was 1.1% versus 10.0%.
Adjusted diluted net earnings per share were $0.04 compared to $0.42 in the prior-year quarter.
For the second fiscal quarter of 2025, the company expects net revenues in the range of $70 million to $76 million at constant first quarter 2025 foreign currency exchange rates.
2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 5.07 Submission of Matters to a Vote of Security Holders · 9.01 Financial Statements and Exhibits