Vishay Precision Group, Inc. (VPG) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello, everyone, and welcome to the BPG's 2025 First Quarter Earnings Conference Call. My name is Ezra, and I will be your coordinator today. If you would like to ask a question, please press star, followed by one on your telephone keypad. If you change your mind, please press star, followed by two. I will now hand you over to your host, Steve Cantor, Senior Director of Investor Relations, to begin. Steve, please go ahead. Thank you, Ezra. Good morning, everyone. Welcome to VPG's 2025 first quarter earnings conference call. Our Q1 press release and slides have been posted on our website, vpgsensors.com. An audio recording of today's call will be available on the internet for a limited time and can also be accessed on the VPG website. Today's remarks are governed by the safe harbor provisions of the 1995 Private Securities Litigation Reform Act. Our actual results may vary from forward-looking statements. For a discussion of the risks associated with BPG's operations, we encourage you to refer to our SEC filings, especially the Form 10-K for the year ended December 31, 2024, and our other recent SEC filings. On the call today are Zeb Shoshani, CEO and President, and Bill Clancy, CFO. I'll now turn the call to Zeb for some prepared remarks. Please refer to slide three of the quarterly presentation. Steve? Thank you, Steve. I will begin with some commentary on our results and trends for the first quarter. Bill will provide financial details about the quarter and our outlook for the second quarter of 2025. Moving to slide three. Beginning with revenue, first quarter revenue of 71.7 million declined modestly from the fourth quarter and was impacted by approximately 2 million of delayed shipments of our calc products. Our consolidated orders grew 2.7% sequentially and resu...