Vishay Precision ( (VPG) ) has released its Q2 earnings. Here is a breakdown of the information Vishay Precision presented to its investors.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Vishay Precision Group, Inc. (VPG) is a leader in precision measurement and sensing technologies, providing solutions that enhance product performance across various markets, including sensors, weighing solutions, and measurement systems.
In its fiscal 2025 second quarter, VPG reported a slight decline in net revenues to $75.2 million, down 2.8% from the previous year. Despite this, the company saw positive sequential growth in sales and orders, marking the third consecutive quarter of order growth.
Key financial metrics showed a decrease in gross profit margin to 40.7% and operating margin to 3.6%. Adjusted figures were slightly better, with an adjusted gross profit margin of 41.0% and an adjusted operating margin of 4.8%. The company also reported a diluted net earnings per share of $0.02, a significant drop from $0.34 a year ago. However, adjusted diluted net earnings per share stood at $0.17. The Weighing Solutions segment performed well, with a 7.2% increase in revenue year-over-year, driven by higher sales in the Transportation and Industrial Weighing markets.
Looking ahead, VPG expects net revenues for the third fiscal quarter of 2025 to range between $73 million and $81 million, reflecting current market conditions and backlog. The company continues to focus on cost reduction and efficiency initiatives to improve its financial performance.