MALVERN, PA — Vishay Precision Group, Inc. (NYSE: VPG) reported first fiscal quarter 2025 revenues of $71.7 million, an 11.2% decrease from the same period in 2024. The company posted a net loss of $0.9 million, or $(0.07) per diluted share, compared to net earnings of $5.9 million, or $0.44 per diluted share, a year earlier. Adjusted net earnings for the quarter came in at $0.5 million, or $0.04 per share, down from $5.7 million, or $0.42 per share, in the prior year period.
“Our strong balance sheet and cash flow provide a solid foundation to implement our long-term growth and cost-efficiency strategies,” said Ziv Shoshani, Chief Executive Officer of VPG. “Despite the continuing challenging business environment, our book-to-bill of 1.04 and sequential increase in total orders are indicators of our progress in stabilizing performance.”
Segment Performance
The Sensors segment earned $27.1 million in revenue, a decline of 8.0% year-over-year, largely driven by lower sales of precision resistors and strain gages. Sequentially, revenue rose 5.1%, reflecting improved demand. Gross profit margin for the segment was 30.1%, down from 36.5% last year.
Weighing Solutions revenue fell 8.3% to $26.4 million, mainly due to lower sales in the Industrial Weighing and Transportation markets. However, sequential growth of 2.7% reflected stronger sales in the Transportation and General Industrial segments. The gross profit margin, adjusted for manufacturing costs, improved to 37.8%.
Measurement Systems experienced the steepest decline, with revenue dropping 19.0% year-over-year to $18.2 million, attributed to weaker performance in the Steel and AMS markets. Gross profit margin for this segment fell to 50.3%, impacted by lower volume and product mix.
Outlook
Looking ahead, Shoshani noted the company’s backlog and projected second fiscal quarter 2025 revenue between $70 million and $76 million. “Our manufacturing footprint and strategy position us to effectively manage the economic challenges,” he added, citing efforts to maintain operational efficiency and pursue growth opportunities such as humanoid robotics.
While the quarter reflected pressures from economic volatility and reduced demand, VPG remains committed to long-term growth strategies and cost discipline to mitigate market uncertainties.
Support the local news that supports Chester County. MyChesCo delivers reliable, fact-based reporting and essential community resources—free for everyone. If you value that, click here to become a patron today.