Vishay Precision Group, Inc. · NYSE:VPG
Vishay Precision — Q1 2025 Earnings Presentation
17 slides from Vishay Precision's earnings presentation, May 6, 2025
Slide 1: 1Q25 Earnings Call
1Q25 Earnings Call May 6, 2025
Slide 2: Safe Harbor Statement
SAFE HARBOR STATEMENT From time to time, information provided by us, including, but not limited to, statements in this presentation, 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 Ac
Slide 3: Fiscal First Quarter 2025 Highlights
FISCAL FIRST QUARTER 2025 HIGHLIGHTS VPG Consolidated Revenue Amounts in $ millions Financial $80.8 $77.4 • 1Q25 revenue of $71.7 million declined modestly sequentially; $75.7 $72.7 $71.7 Revenue impacted by delayed shipments at KELK of approximately $2 million. • Orders of $74.4 million grew 2.7% f
Slide 4: Sensors – Sales & Bookings
SENSORS – SALES & BOOKINGS Sensors Segment Revenue Highlights: Amounts in $ millions • Sensors 1Q25 sales grew 5.1% sequentially, $29.4 $28.9 $28.2 $27.1 primarily reflecting higher sales of strain gages and $25.8 precision resistors in the Test & Measurement market. • Sequentially, orders grew 6.7%
Slide 5: Weighing Solutions – Sales & Bookings
WEIGHING SOLUTIONS – SALES & BOOKINGS Weighing Solutions Segment Revenue Highlights: Amounts in $ millions • 1Q25 revenues grew 2.7% sequentially and $28.8 $27.4 $26.4 $25.2 $25.7 declined 8.3% from the prior year. • The sequential increase was higher sales in the Transportation and General Industri
Slide 6: Measurement Systems – Sales & Bookings
MEASUREMENT SYSTEMS – SALES & BOOKINGS Sensors Segment Revenue Highlights: Amounts in $ millions • 1Q25 revenues declined 13.8% from 4Q24 and 19.0% $22.5 $22.4 $21.0 $21.2 from the prior year, reflecting timing of projects and cyclical softness in the Steel market. $18.2 • The sequentially lower rev
Slide 7: 2025 Priorities - Update
2025 PRIORITIES - UPDATE • Orders for business development initiatives in 1Q25 were broad-based and on plan; includes development stage and Business Development prototype orders related to humanoid robots. • Investing in sales systems, marketing expertise, and digital marketing. Initiated steps to s
Slide 8: Financials – Gross Margin
FINANCIALS – GROSS MARGIN Revenue in $ millions 1Q25 4Q24 Comments Revenue $71.7 $72.7 Gross Profit Margin by Segment: Reflects higher one-time fixed costs, unfavorable foreign exchange rates, partially offset by an Sensors – Adjusted1: 30.8% 32.0% increase in volume. Weighing Solutions – Adjusted2:
Slide 9: Financials – Income Statement
FINANCIALS – INCOME STATEMENT Amounts in $ millions, expect margin and per share data 1Q25 4Q24 Revenue $71.7 $72.7 Gross Profit Margin: 37.7% 38.2% Adjusted Gross Profit Margin : 38.3% 38.3% Selling, General, and Admin. Expenses: $26.7 $27.3 Operating Income: ($0.1) $0.2 Operating Margin: (0.1%) 0.
Slide 10: Financials – Cash Flow / Balance Sheet
FINANCIALS – CASH FLOW / BALANCE SHEET Amounts in $ millions, expect margin and per share data 1Q25 4Q24 EBITDA: $3.3 $6.6 Adjusted EBITDA: $5.1 $5.1 Cash From Operations: $5.3 $6.8 Purchased Capital Expenditures $1.5 $2.2 Free Cash Flow*: $3.7 $4.6 Cash and Cash Equivalents $83.9 $79.3 Total Assets
Slide 11: Q&A
Q&A PERFORMANCE THROUGH PRECISION 11 11
Slide 12: Appendix
Appendix PERFORMANCE THROUGH PRECISION 12 12
Slide 13: First Quarter 2025 Market Trends
FIRST QUARTER 2025 MARKET TRENDS Consolidated Revenue by Market Amounts in $ millions $13.4 Test & Measurement $14.7 $6.3 Avionic, Military & Space $5.4 $13.3 Transportation $15.4 $9.6 Industrial Weighing $8.2 $4.6 General Industrial $5.3 $11.4 Steel $9.5 $14.0 Other Markets $13.2 0 2 4 6 8 10 12 14
Slide 14: Reconciliation of Adjusted Gross Profit, Operating Income, Net Earnings and Diluted EPS
Reconciliation of Adjusted Gross Profit, Operating Income, Net Earnings and Diluted Earnings Per Share - Quarter Net (Loss) Earnings Attributable Gross Profit Operating Income to VPG Stockholders Diluted Earnings Per share Three months ended March 29, 2025 March 30, 2024 March 29, 2025 March 30, 202
Slide 15: Non-GAAP Reconciliation – EBITDA and Adjusted EBITDA - QTR
Non-GAAP Reconciliation – EBITDA and Adjusted EBITDA - QTR Fiscal quarter ended In $ thousands, except margin data March 29, 2025 March 30, 2024 December 31, 2024 Net (loss) earnings attributable to VPG stockholders $ (942) $ 5,891 $ 768 Interest Expense 550 628 587 Income tax expense (332) 2,318 1,
Slide 16: Reconciliation of Adjusted Gross Profit by Segment
Reconciliation of Adjusted Gross Profit by Segment Fiscal quarter ended In $ thousands except margin data March 29, 2025 March 30, 2024 December 31, 2024 Sensors As reported - GAAP $ 8,146 $ 10,732 $ 8,229 As reported - GAAP Margins 30.1 % 36.5 % 32.0 % Start-up costs 187 — — As Adjusted - Non GAAP
Slide 17: VPG Sustainability
VPG Sustainability 2024 Milestones: • Updated sustainability website, sharing ESG performance indicators and adding ESG policies • Increased diversity of our Board of Directors • Updated VPG Global Code of Conduct; augmented our EH&S policies and objectives • Published energy management and water us
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