Exhibit 99.1

 

 

For Immediate Release

 

VPG Reports Third Quarter Adjusted Revenue of $87.4 Million;

Orders Exceed $100 Million and Reflects Continued Strength in Key Markets

 

CHESTERBROOK, Pa. (November 4, 2026) - Vishay Precision Group, Inc. (NYSE: VPG), a leader in precision measurement and sensing technologies, today announced its results for its fiscal 2026 third quarter ended October 3, 2026.

 

Third Fiscal Quarter Highlights (comparisons are to the comparable period a year ago):

•

GAAP net revenues of $85.1 million; adjusted net revenues* of $87.4 million.

• GAAP net revenues reduced by $2.3 million of tariff refunds passed through to customers, with no impact on gross profit.

•

Gross profit margin was 40.2% as compared to 40.3%.

•

Adjusted gross profit margin* was 39.3%, as compared to 40.5%.

•

Operating margin was 3.2% as compared to 12.7%.

•

Adjusted operating margin* was 4.9%, as compared to 6.9%.

•

Diluted net earnings per share of $0.04 as compared to diluted net earnings per share of $0.59.

•

Adjusted diluted net earnings per share* of $0.14 as compared to $0.30.

• GAAP adjusted tax rate of 48% was higher than first-half 2026 runrate due to shift in the geographic mix of income, which reduced diluted net earnings per share by $0.03.

•

Adjusted EBITDA* was $8.2 million with an adjusted EBITDA margin* of 9.4%.

 

Ziv Shoshani, Chief Executive Officer of VPG, commented, “Adjusted revenue of $87.4 million in the third quarter grew 4.1% sequentially and 9.6% from the prior year. We also delivered another strong quarter of bookings with orders exceeding $100 million, which resulted in an adjusted consolidated book-to-bill of 1.17, our eighth consecutive quarter with consolidated book-to-bill at or above 1.0. Sensor bookings reached a record, driven by continued strength in AI-driven applications, including demand for our precision resistors in semiconductor equipment, data center and fiber-optic applications, as well as continued demand in aerospace and defense. Importantly, all three reporting segments achieved book-to-bill ratios of 1.0 or better. Regarding humanoid robots, we are preparing for the anticipated production ramp up, with timing aligned to our customer’s updated production schedule. These results demonstrate the strength of our differentiated technology portfolio and our growing participation in attractive secular growth markets.”

 

Mr. Shoshani added: "We made solid progress on profitability and cash generation, improving gross margin and EBITDA sequentially while generating $5.5 million of adjusted free cash flow. Our cost savings initiatives continued on pace to achieve the $6 million of savings targeted for 2026.  Given our continued strong order activity and a growing backlog, we see revenue momentum into 2027 and expect to realize the operating leverage in our target model as revenues continue to grow."

 

 

Third Fiscal Quarter and Nine-Months Financial Trends:

The Company's third fiscal quarter 2026 net earnings attributable to VPG stockholders were $0.6 million, or $0.04 per diluted share, compared to net earnings of $7.9 million or $0.59 per diluted share, in the third fiscal quarter of 2025. The third fiscal quarter operating income included $3.4 million related to unfavorable currency exchange rates compared to the prior year.

 

In the nine fiscal months ended October 3, 2026, net loss attributable to VPG stockholders was $1.5 million or $0.11 per diluted share, compared to net earnings of $7.2 million, or $0.54 per diluted share, in the nine fiscal months ended September 27, 2025. The operating income for the nine fiscal months ended October 3, 2026 included $8.1 million related to unfavorable currency exchange rates compared to the same period a year ago.

 

The third fiscal quarter 2026 adjusted net earnings* were $1.8 million, or $0.14 per adjusted diluted share*, compared to adjusted net earnings* of $3.9 million or $0.30 per adjusted diluted share* in the third fiscal quarter of 2025.

 

In the nine fiscal months ended October 3, 2026, adjusted net earnings* were $3.3 million, or $0.25 per adjusted diluted share*, compared to adjusted net earnings* of $7.4 million, or $0.56 per adjusted diluted share* in the nine fiscal months ended September 27, 2025.

  

 

 

All measures below for segment performance, including revenue and gross profit, exclude the impact of tariff refunds.

 

Segment Performance:

The Sensors segment bookings in the third fiscal quarter of 2026 of $51.7 million grew 7.5% sequentially to a record high, resulting in a book-to-bill of 1.35.

The Sensors segment revenues of $38.4 million in the third fiscal quarter of 2026 increased 21.3% from $31.6 million in the third fiscal quarter of 2025. Sequentially, revenues increased 14.8% compared to $33.4 million in the second fiscal quarter of 2026. The year-over-year increase in revenues was primarily attributable to higher sales of precision resistors in the Test and Measurement market. Sequentially, the increase in revenues primarily reflected higher sales of precision resistors and strain gages in the Test and Measurement market.

 

Gross profit margin for the Sensors segment was 32.4% for the third fiscal quarter of 2026, which decreased from 33.6% in the third fiscal quarter of 2025 and increased from 31.5% in the second fiscal quarter of 2026. Adjusted gross margin* in the third fiscal quarter of 2026 of 32.6% was adjusted for $0.1 million of start-up costs. The year-over-year decrease in gross profit margin was primarily due to unfavorable foreign currency exchange rates and higher manufacturing costs, which were partially offset by higher volume. The sequential increase in gross profit margin was primarily due to higher volume, partially offset by higher manufacturing costs.

 

Third-quarter adjusted bookings for the Weighing Solutions segment of $28.6 million were flat sequentially, resulting in a book-to-bill of 1.06.

The Weighing Solutions segment net revenues were $24.6 million.  Adjusted net revenues* were $26.9 million in the third fiscal quarter of 2026, which decreased 2.2% from $27.5 million in the third fiscal quarter of 2025.  Sequentially, adjusted net revenues* decreased 11.3% compared to $30.3 million in the second fiscal quarter of 2026. The year-over-year decrease in adjusted net revenues* was mainly attributable to lower sales in the Industrial Weighing market. Sequentially, adjusted net revenues* decreased in the Transportation, Industrial Weighing and General Industrial markets.

 

Gross profit margin for the Weighing Solutions segment was 37.6% for the third fiscal quarter of 2026, which decreased from gross profit margin of 40.3% in the third fiscal quarter of 2025 and increased from 37.3% in the second fiscal quarter of 2026. Adjusted gross margin* in the third fiscal quarter of 2026 of 34.6% based on adjusted net revenues*, excludes $0.1 million of start-up costs. The year-over-year decrease in adjusted gross profit margin* was primarily due to unfavorable product mix and reduction in inventory. The sequential decrease in adjusted gross profit margin* primarily reflected lower volume.

 

The Measurement Systems segment bookings in the third fiscal quarter of 2026 of $22.2 million grew 18.6% sequentially, resulting in a book-to-bill of 1.01.

The Measurement Systems segment revenues of $22.1 million in the third fiscal quarter of 2026 increased 7.6% from $20.6 million in the third fiscal quarter of 2025. Sequentially, revenues increased 9.7% compared to $20.2 million in the second fiscal quarter of 2026. The year-over-year increase was primarily attributable to higher revenue in the AMS market. Sequentially, the increase in revenue was primarily due to higher sales in the Steel market.

 

Gross profit margin for the Measurement Systems segment was 56.5% for the third fiscal quarter of 2026, which increased from 50.5% in the third fiscal quarter of 2025, and increased from 52.5% in the second fiscal quarter of 2026. The year-over-year and sequential increases in gross profit margin were primarily due to higher volume and favorable product mix. 

 

Near-Term Outlook

“For the fourth fiscal quarter of 2026 at constant third fiscal quarter 2026 foreign currency exchange rates, we expect net revenues to be in the range of $84 million to $91 million. Our guidance excludes fourth-quarter tariff refunds to customers which will have no impact on profits,” said Mr. Shoshani.

 

*Use of Non-GAAP Financial Information:

Beginning in fiscal 2026, the Company revised its definition of certain non-GAAP financial measures to exclude share-based compensation expense in addition to the other items described below. This change was made in light of the Company’s evolving compensation structure following recent organizational changes, including the hiring of senior executives and the expansion of equity-based incentive programs to attract and retain key talent.

 

Management believes that excluding share-based compensation expense in certain non-GAAP financial measures provides investors with additional insight into the Company’s core operating performance and enhanced understanding of business trends across reporting periods, including those in comparison to its main peer companies.

 

Share-based compensation expense will continue to be reflected in the Company's GAAP financial results and will be set forth in a specific line item in the reconciliation table between GAAP and non-GAAP measures. Prior-period non-GAAP financial measures have been recast to conform to the current presentation.

 

The Company defines "adjusted net revenue" as net revenue less tariff refunds returned to customers. “Adjusted gross profit margin” is gross profit margin before start-up costs and acquisition purchase accounting adjustments. “Adjusted operating margin” is defined as operating margin before start-up costs, acquisition purchase accounting adjustments, restructuring costs, severance costs, share-based compensation expense, and gain on asset held for sale. “Adjusted net earnings” and “adjusted diluted net earnings per share” are defined as net earnings attributable to VPG stockholders before start-up costs, acquisition purchase accounting adjustments, restructuring costs, severance costs, share-based compensation expense, foreign currency exchange gains and losses and associated tax effects, and gain on asset held for sale. We define “Adjusted EBITDA” as earnings before interest, taxes, depreciation, and amortization, start-up costs, acquisition purchase accounting adjustments, restructuring costs, severance costs, foreign currency exchange gains and losses, share-based compensation expense, and gain on asset held for sale.

 

“Adjusted free cash flow” for the third fiscal quarter of 2026 is defined as the amount of cash generated from operating activities ($11.1 million) in excess of capital expenditures ($5.6 million), net of proceeds, if any, from the sale of assets ($0.0 million).

 

Management believes that these non-GAAP measures are useful to investors because each present what management views as our core operating results for the relevant period. The adjustments to the applicable GAAP measures relate to occurrences or events that are outside of our core operations, and management believes that the use of these non-GAAP measures provides a consistent basis to evaluate our operating profitability and performance trends across comparable periods. These reconciling items are indicated on the accompanying reconciliation schedules and are more fully described in VPG’s consolidated financial statements presented in our Annual Report on Form 10-K and Quarterly Reports on Forms 10-Q.

 

Conference Call and Webcast:

A conference call will be held on Wednesday, November 4, 2026 at 9:00 a.m. ET (8:00 a.m. CT). To access the conference call, interested parties may call 1-888-596-4144 or internationally +1-646-968-2525 and use passcode 6155497, or log on to the investor relations page of the VPG website at ir.vpgsensors.com. A replay will be available approximately one hour after the completion of the call by calling toll-free 1-800-770-2030 or internationally +1-609-800-9909 and by using passcode 6155497. The replay will also be available on the “Events” page of investor relations section of the VPG website at ir.vpgsensors.com.

 

About VPG:

Vishay Precision Group, Inc. (VPG) is a leader in precision measurement and sensing technologies. Our sensors, weighing solutions and measurement systems optimize and enhance our customers’ product performance across a broad array of markets to make our world safer, smarter, and more productive. To learn more, visit VPG at www.vpgsensors.com and follow us on LinkedIn.

 

Forward-Looking Statements:

From time to time, information provided by us, including, but not limited to, statements in this press release, 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 Act of 1995. Such statements involve a number of risks, uncertainties, and contingencies, many of which are beyond our control, which may cause actual results, performance, or achievements to differ materially from those anticipated. Such statements are based on current expectations only, and are subject to certain risks, uncertainties, and assumptions. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated, expected, estimated, or projected. Among the factors that could cause actual results to materially differ include: general business and economic conditions; significant developments from the recent and potential changes in tariffs and trade regulation; impact of inflation; potential issues respecting the United States federal government debt ceiling; global labor and supply chain challenges; difficulties or delays in identifying, negotiating and completing acquisitions and integrating acquired companies; the inability to realize anticipated synergies and expansion possibilities; difficulties in new product development; changes in competition and technology in the markets that we serve and the mix of our products required to address these changes; changes in foreign currency exchange rates; political, economic, and health (including pandemics) instabilities; instability or disruption caused by military hostilities in the regions or countries in which we operate (including Israel); difficulties in implementing our cost reduction strategies, such as underutilization of production facilities, labor unrest or legal challenges to our lay-off or termination plans, operation of redundant facilities due to difficulties in transferring production to achieve efficiencies; compliance issues under applicable laws, such as export control laws, including the outcome of our voluntary self-disclosure of export control non-compliance; our ability to execute our corporate strategy and business continuity, operational and budget plans; and other factors affecting our operations, markets, products, services, and prices that are set forth in our Annual Report on Form 10-K for the fiscal year ended December 31, 2025. We caution you not to place undue reliance on forward-looking statements, which speak only as of the date of this report or as of the dates otherwise indicated in such forward-looking statements. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

 

 

 

Contact:

Steve Cantor

Vishay Precision Group, Inc.

781-222-3516

info@vpgsensors.com

 

 

 

VISHAY PRECISION GROUP, INC.

Consolidated Condensed Statements of Operations

(Unaudited - In thousands, except per share amounts)

 

 

 

    Fiscal Quarter Ended  
   

October 3, 2026

   

September 27, 2025

 

Net revenues (a)

  $ 85,071     $ 79,728  

Costs of products sold (b)

    50,890       47,603  

Gross profit

    34,181       32,125  
                 

Selling, general and administrative expenses

    31,195       27,296  

Gain on asset held for sale

    —       (5,544 )

Restructuring costs

    275       214  

Operating income

    2,711       10,159  
                 

Other expense:

               

Interest expense

    (272 )     (425 )

Other

    398       159  

Other income (expense)

    126       (266 )
                 

Income before taxes

    2,837       9,893  
                 

Income tax expense

    2,053       1,961  
                 

Net earnings

    784       7,932  

Less: net earnings attributable to noncontrolling interests

    225       74  

Net earnings attributable to VPG stockholders

  $ 559     $ 7,858  
                 

Basic earnings per share attributable to VPG stockholders

  $ 0.04     $ 0.59  

Diluted earnings per share attributable to VPG stockholders

  $ 0.04     $ 0.59  
                 

Weighted average shares outstanding - basic

    13,320       13,279  

Weighted average shares outstanding - diluted

    13,431       13,344  

 

 

 

 

 

(a) Net revenues for the fiscal quarter ended October 3, 2026 are reduced by $2.3 million for tariff refunds passed through to customers, with no impact on gross profit.

(b) Costs of product sold for the fiscal quarter ended October 3, 2026 are reduced by $2.3 million for tariff refunds received from the U.S. government, with no impact on gross profit.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

4

 

 

VISHAY PRECISION GROUP, INC.

Consolidated Condensed Statements of Operations

(Unaudited - In thousands, except per share amounts)

 

 

 

   

Nine Fiscal Months Ended

 
   

October 3, 2026

   

September 27, 2025

 

Net revenues (a)

  $ 253,359     $ 226,630  

Costs of products sold (b)

    153,864       136,866  

Gross profit

    99,495       89,764  
                 

Selling, general and administrative expenses

    95,241       81,708  

Gain on asset held for sale

    —       (5,544 )

Restructuring costs

    1,498       793  

Operating income

    2,756       12,807  
                 

Other expense:

               

Interest expense

    (945 )     (1,525 )

Other

    (987 )     (1,781 )

Other expense

    (1,932 )     (3,306 )
                 

Income before taxes

    824       9,501  
                 

Income tax expense

    2,033       2,220  
                 

Net (loss) earnings

    (1,209 )     7,281  

Less: net earnings attributable to noncontrolling interests

    271       117  

Net (loss) earnings attributable to VPG stockholders

  $ (1,480 )   $ 7,164  
                 

Basic (loss) earnings per share attributable to VPG stockholders

  $ (0.11 )   $ 0.54  

Diluted (loss) earnings per share attributable to VPG stockholders

  $ (0.11 )   $ 0.54  
                 

Weighted average shares outstanding - basic

    13,283       13,260  

Weighted average shares outstanding - diluted

    13,283       13,307  

 

 

 

 

 

 

(a) Net revenues for the nine fiscal months ended October 3, 2026 are reduced by $2.3 million for tariff refunds passed through to customers, with no impact on gross profit.

(b) Costs of product sold for the nine fiscal months ended October 3, 2026 are reduced by $2.3 million for tariff refunds received from the U.S. government, with no impact on gross profit.

 

 

 

 

 

 

 

 

 

  

5

 

 

VISHAY PRECISION GROUP, INC.

Consolidated Condensed Balance Sheets

(In thousands)

 

 

 

   

October 3, 2026

   

December 31, 2025

 
   

(Unaudited)

         

Assets

               

Current assets:

               

Cash and cash equivalents

  $ 80,853     $ 87,366  

Accounts receivable, net

    63,100       56,348  

Inventories:

               

Raw materials

    32,566       32,760  

Work in process

    31,841       25,794  

Finished goods

    22,926       24,269  

Inventories, net

    87,333       82,823  
                 

Prepaid expenses and other current assets

    23,574       20,425  

Total current assets

    254,860       246,962  
                 

Property and equipment:

               

Land

    2,363       2,382  

Buildings and improvements

    80,810       78,737  

Machinery and equipment

    143,284       137,230  

Software

    12,270       11,692  

Construction in progress

    4,839       4,162  

Accumulated depreciation

    (165,794 )     (158,123 )

Property and equipment, net

    77,772       76,080  
                 

Goodwill

    47,046       47,367  

Intangible assets, net

    35,128       38,227  

Operating lease right-of-use assets

    22,071       22,892  

Other non-current assets

    26,435       24,361  

Total assets

  $ 463,311     $ 455,889  

 

 

 

 

 

 

 

 

 

 

 

 

 

6

 

VISHAY PRECISION GROUP, INC.

Consolidated Condensed Balance Sheets

(In thousands)

 

 

 

   

October 3, 2026

   

December 31, 2025

 
   

(Unaudited)

         

Liabilities and equity

               

Current liabilities:

               

Trade accounts payable

  $ 16,120     $ 10,530  

Payroll and related expenses

    22,176       19,569  

Other accrued expenses and other current liabilities

    27,826       20,833  

Current portion of operating lease liabilities

    4,857       4,347  

Total current liabilities

    70,979       55,279  
                 

Long-term debt

    15,668       20,583  

Deferred income taxes

    3,663       3,834  

Operating lease liabilities

    18,418       19,547  

Other non-current liabilities

    14,740       14,200  

Accrued pension and other postretirement costs

    6,449       6,219  

Total liabilities

    129,917       119,662  
                 

Equity:

               

Common stock, par value $0.10 per share: 25,000,000 shares authorized; 12,297,543 shares outstanding as of October 3, 2026 and 12,256,197 shares outstanding as of December 31, 2025

    1,344       1,340  

Class B convertible common stock, par value $0.10 per share: 3,000,000 shares authorized; 1,022,887 shares outstanding as of October 3, 2026 and December 31, 2025

    103       103  

Treasury stock, at cost - 1,137,995 shares held at October 3, 2026 and December 31, 2025

    (25,335 )     (25,335 )

Capital in excess of par value

    206,275       204,360  

Retained earnings

    195,790       197,270  

Accumulated other comprehensive loss

    (44,813 )     (41,367 )

Total Vishay Precision Group, Inc. stockholders' equity

    333,364       336,371  

Noncontrolling interests

    30       (144 )

Total equity

    333,394       336,227  

Total liabilities and equity

  $ 463,311     $ 455,889  

 

  

 

 

 

 

 

 

 

 

 

 

 

 

 

7

 

 

VISHAY PRECISION GROUP, INC.

Consolidated Condensed Statements of Cash Flows

(Unaudited - In thousands)

 

 

 

 

 

   

Nine Fiscal Months Ended

 
   

October 3, 2026

   

September 27, 2025

 

Operating activities

               

Net (loss) earnings

  $ (1,209 )   $ 7,281  

Adjustments to reconcile net earnings to net cash provided by operating activities:

               

Depreciation and amortization

    12,482       11,878  

(Gain) loss on sale of property and equipment

    (137 )     64  

Gain on asset held for sale

    —       (5,544 )

Share-based compensation expense

    2,285       1,550  

Inventory write-offs for obsolescence

    2,054       2,334  

Deferred expense taxes

    (1,409 )     (2,322 )

Foreign currency impacts and other items

    517       270  

Net changes in operating assets and liabilities:

               

Accounts receivable

    (7,497 )     (6,223 )

Inventories

    (7,398 )     (2,084 )

Prepaid expenses and other current assets

    (3,462 )     (2,863 )

Trade accounts payable

    4,817       323  

Other current liabilities

    10,365       6,499  

Other non current assets and liabilities, net

    (386 )     (1,335 )

Accrued pension and other postretirement costs, net

    (281 )     126  

Net cash provided by operating activities

    10,741       9,954  
                 

Investing activities

               

Capital expenditures

    (10,624 )     (4,953 )

Proceeds from sale of property and equipment

    301       10,891  

Net cash (used in) provided investing activities

    (10,323 )     5,938  
                 

Financing activities

               

Repayments on revolving facility

    (5,000 )     (11,000 )

(Distributions) contributions from noncontrolling interests

    (96 )     36  

Payments of employee taxes on certain share-based arrangements

    (375 )     (256 )

Net cash used in financing activities

    (5,471 )     (11,220 )

Effect of exchange rate changes on cash and cash equivalents

    (1,460 )     2,309  

(Decrease) increase in cash and cash equivalents

    (6,513 )     6,981  

Cash and cash equivalents at beginning of period

    87,366       79,272  

Cash and cash equivalents at end of period

  $ 80,853     $ 86,253  
                 

Supplemental disclosure of investing transactions:

               

Capital expenditures accrued but not yet paid

  $ 1,817     $ 1,239  

 

  

 

8

 

 

 

VISHAY PRECISION GROUP, INC.

Schedule of Adjusted Revenues and Gross Profit

(Unaudited - In thousands)

 

 

 

   

Fiscal Quarter Ended

 

Nine Fiscal Months Ended

   

October 3, 2026

 

October 3, 2026

   

GAAP (a)

 

Adjusted (b)

 

GAAP (a)

 

Adjusted (b)

Net revenues

 

$ 85,071

 

$ 87,409

 

$ 253,359

 

$ 255,697

Gross profit

 

34,181

 

34,181

 

99,495

 

99,495

 

 

(a) Net revenues for the fiscal quarter ended October 3, 2026 and nine fiscal months ended October 3, 2026 are reduced by $2.3 million for tariff refunds passed through to customers, with no impact on gross profit.

(b) Adjusted net revenues for the third fiscal quarter ended October 3, 2026 and nine fiscal months ended October 3, 2026 exclude $2.3 million related to tariff refunds expected to be passed through to customers, with no impact on gross profit.

 

 

 

 

9

 

 

VISHAY PRECISION GROUP, INC.

Reconciliation of Consolidated Adjusted Gross Profit, Operating Income, Net Earnings Attributable to VPG Stockholders and Diluted Earnings Per Share

(Unaudited - In thousands)

 

 

 

   

Gross Profit

   

Operating Income

   

Net Earnings Attributable to VPG Stockholders

   

Diluted Earnings Per share

 

Three months ended

 

October 3, 2026

   

September 27, 2025

   

October 3, 2026

   

September 27, 2025

   

October 3, 2026

   

September 27, 2025

   

October 3, 2026

   

September 27, 2025

 

As reported - GAAP

  $ 34,181     $ 32,125     $ 2,711     $ 10,159     $ 559     $ 7,858     $ 0.04     $ 0.59  

As reported - GAAP Margins

    40.2 %     40.3 %     3.2 %     12.7 %     —       —       -       —  

Start-up costs (a)

    141       37       141       37       141       37       0.01       0.00  

Acquisition purchase accounting adjustments (b)

    —       111       —       111       —       111       -       0.01  

Restructuring costs

    —       —       275       214       275       214       0.02       0.02  

Severance cost

    —       —       391       —       391       —       0.03       —  

Share-based compensation cost (c)

            —       730       490       730       490       0.06       0.04  

Foreign currency exchange (gain) loss

    —       —       —       —       (414 )     101       (0.03 )     0.01  

Less: Gain on asset held for sale (d)

    —       —       —       5,544       —       5,544       -       0.42  

Less: Tax effect of reconciling items and discrete tax items (e)

    —       —       —       —       (161 )     (627 )     (0.01 )     (0.05 )

As Adjusted - Non GAAP

  $ 34,322     $ 32,273     $ 4,248     $ 5,467     $ 1,843       3,894     $ 0.14     $ 0.30  

As Adjusted - Non GAAP Margins (f)

    39.3 %     40.5 %     4.9 %     6.9 %                                

 

   

Gross Profit

   

Operating Income

   

Net (Loss) Earnings Attributable to VPG Stockholders

   

Diluted (Loss) Earnings Per share

 

Nine Fiscal Months Ended

 

October 3, 2026

   

September 27, 2025

   

October 3, 2026

   

September 27, 2025

   

October 3, 2026

   

September 27, 2025

   

October 3, 2026

   

September 27, 2025

 

As reported - GAAP

  $ 99,495       89,764     $ 2,756       12,807     $ (1,480 )     7,164     $ (0.11 )     0.54  

As reported - GAAP Margins

    39.3 %     39.6 %     1.1 %     5.7 %     —       —       —       —  

Start-up costs (a)

    141       757       141       757       141       757     $ 0.01       0.06  

Acquisition purchase accounting adjustments (b)

    —       111       —       111       —       111     $ —       0.01  

Restructuring costs

    —       —       1,498       793       1,498       793     $ 0.11       0.06  

Severance cost

    —       —       587       398       587       398     $ 0.04       0.03  

Share-based compensation cost (c)

    —       8       2,285       1,548       2,285       1,548     $ 0.18       0.12  

Foreign currency exchange loss

    —       —       —       —       1,073       2,836     $ 0.08       0.21  

Less: Gain on asset held for sale (d)

    —       —       —       5,544       —       5,544     $ —       0.42  

Less: Tax effect of reconciling items and discrete tax items 

    —       —       —       —       767       616     $ 0.06       0.05  

As Adjusted - Non GAAP

  $ 99,636     $ 90,640     $ 7,267     $ 10,870     $ 3,337     $ 7,448     $ 0.25     $ 0.56  

As Adjusted - Non GAAP Margins (f)

    39.0 %     40.0 %     2.8 %     4.8 %                                

 

(a) Start-up costs following manufacturing relocations

(b) Nokra GmbH acquisition

(c) Share-based compensation cost excluded for non-GAAP results, beginning in fiscal 2026, with prior period comparability

(d) Gain on Sale of Manufacturing Facility in Kent, Washington

(e) Includes tax item arising from changes in the geographic mix of pre-tax income, which affected the Company's estimated annual effective tax rate

(f) Based on Adjusted Revenue

 

 

10

 

 

VISHAY PRECISION GROUP, INC.

Reconciliation of Adjusted Gross Profit by segment

(Unaudited - In thousands)

 

    Fiscal Quarter Ended  
   

October 3, 2026

   

September 27, 2025

   

July 4, 2026

 

Sensors

                       

Net revenues

    38,365       31,624       33,418  
                         

As reported - GAAP

    12,447       10,626       10,523  

As reported - GAAP Margins

    32.4 %     33.6 %     31.5 %

Start-up costs

    63       37       —  

As Adjusted - Non GAAP

    12,510       10,663       10,523  

As Adjusted - Non GAAP Margins

    32.6 %     33.7 %     31.5 %
                         

Weighing Solutions

                       

Adjusted net revenues - Non GAAP (a)

    26,923       27,538       30,349  
                         

As reported - GAAP

    9,243       11,110       11,325  

As reported - GAAP Margins

    37.6 %     40.3 %     37.3 %

Start-up costs

    78       —       —  

As Adjusted - Non GAAP

    9,321       11,110       11,325  

As Adjusted - Non GAAP Margins

    34.6 %     40.3 %     37.3 %
                         

Measurement Systems

                       

Net revenues

    22,121       20,566       20,169  
                         

As reported - GAAP

    12,491       10,389       10,591  

As reported - GAAP Margins

    56.5 %     50.5 %     52.5 %

Acquisition purchase accounting adjustments

    —       111       —  

As Adjusted - Non GAAP

    12,491       10,500       10,591  

As Adjusted - Non GAAP Margins

    56.5 %     51.1 %     52.5 %

 

(a) Adjusted net revenues for Weighing solutions segment for the fiscal quarter ended October 3, 2026 exclude $2.3 million related to tariff refunds expected to be passed through to customers. 

 

 

VISHAY PRECISION GROUP, INC.

Reconciliation of Adjusted EBITDA

(Unaudited - In thousands)

 

   

Fiscal Quarter Ended

 
   

October 3, 2026

   

September 27, 2025

   

July 4, 2026

 

Net earnings (loss) attributable to VPG stockholders

  $ 559     $ 7,858     $ (1,720 )

Interest Expense

    272       425       345  

Income tax expense (benefit)

    2,053       1,961       (148 )

Depreciation

    3,214       3,003       3,093  

Amortization

    982       986       984  

Restructuring costs

    275       214       773  

Severance cost

    391       —       196  

Start-up costs (a)

    141       37       —  

Acquisition purchase accounting adjustments (b)

    —       111       —  

Share-based compensation cost (c)

    730       490       718  

Foreign currency exchange (gain) loss

    (414 )     101       1,244  

Gain on asset held for sale (d)

    —       (5,544 )     —  

ADJUSTED EBITDA

  $ 8,203     $ 9,642     $ 5,485  

ADJUSTED EBITDA MARGIN (e)

    9.4 %     12.1 %     6.5 %

 

(a) Start-up costs following manufacturing relocations

(b) Nokra GmbH acquisition

(c) Share-based compensation cost excluded for non-GAAP results, beginning in fiscal 2026, with prior period comparability

(d) Gain on Sale of Manufacturing Facility in Kent, Washington

(e) Based on Adjusted Revenue

 

 

11