Revenue Growth
Second quarter revenue of $75.2 million grew 4.8% from the first quarter, with positive bookings trends across key markets.
Record Gross Margin in Weighing Solutions
The Weighing Solutions segment delivered a record quarterly adjusted gross margin, driven by higher sales in various markets.
Positive Book-to-Bill Ratios
Consolidated book-to-bill ratio of 1.06 with Measurement Systems and Sensors segments reporting 1.2 and 1.12, respectively, indicating strong order trends.
Humanoid Robot Market Potential
VPG received $1.5 million in orders from a humanoid robot customer, with optimism about long-term potential in this market.
Cost Reduction Initiatives
VPG is on track to reduce fixed costs by about $5 million for 2025, mainly through consolidating production and shared services to lower-cost countries.