Vishay Precision Group Reports Decline Amid Challenges

Vishay Precision ( (VPG) ) has released its Q4 earnings. Here is a breakdown of the information Vishay Precision presented to its investors.

Vishay Precision Group, Inc. (VPG) is a leader in precision measurement sensing technologies, providing sensors, weighing solutions, and measurement systems across various markets to enhance product performance and productivity. The company recently released its fiscal 2024 fourth-quarter and full-year financial results, highlighting a challenging year marked by macroeconomic and cyclical headwinds. Revenues in the fourth quarter decreased by 18.8% year-over-year to $72.7 million, with a gross profit margin of 38.2%. For the full fiscal year, revenues totaled $306.5 million, down 13.7% from the previous year, with an operating margin of 5.5%. The diluted net earnings per share for the fourth quarter were $0.06, significantly lower than the $0.31 reported a year ago, while the full-year earnings per share were $0.74, compared to $1.88 in the prior year. Despite the decline in financial performance, the company achieved sequential growth in bookings in the fourth quarter, driven by improvements in the Sensors and Weighing Solutions segments. VPG remains focused on business development and cost-saving initiatives to navigate current challenges. Looking forward, the company expects first-quarter 2025 revenues to range between $70 million and $76 million, indicating a cautious yet optimistic outlook as it continues to integrate its recent acquisition of Nokra and explore further growth opportunities.