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GlobeNewswire·

VPG Reports Third Quarter Adjusted Revenue of $87.4 Million; Orders Exceed $100 Million and Reflect Continued Strength in Key Markets

VPG
  • Vishay Precision Group reported fiscal 2026 third-quarter GAAP net revenues of $85.1 million & adjusted net revenues of $87.4 million.
  • GAAP net revenues were reduced by $2.3 million in tariff refunds passed to customers, while gross profit remained unaffected.
  • GAAP gross profit margin was 40.2% compared to 40.3% in the prior year, while adjusted gross profit margin was 39.3% compared to 40.5%.
  • GAAP operating margin declined to 3.2% from 12.7% in the prior year, primarily due to unfavorable currency exchange rates.
  • Diluted GAAP net earnings per share were $0.04 compared to $0.59 in the prior year, while adjusted diluted net earnings per share were $0.14 compared to $0.30.
  • Adjusted EBITDA was $8.2 million with an adjusted EBITDA margin of 9.4%, & adjusted free cash flow generated was $5.5 million.
  • Consolidated bookings exceeded $100 million, resulting in an adjusted book-to-bill ratio of 1.17 for the eighth consecutive quarter.
  • The Sensors segment achieved record bookings of $51.7 million with a book-to-bill ratio of 1.35, driven by AI-driven applications & semiconductor equipment demand.
  • The Weighing Solutions segment reported adjusted net revenues of $26.9 million, down 2.2% year-over-year due to lower sales in the Industrial Weighing market.
  • The Measurement Systems segment revenues grew 7.6% year-over-year to $22.1 million, with a gross profit margin of 56.5%.
  • Cost savings initiatives are on pace to achieve $6 million in savings for 2026, & management expects revenue momentum to continue into 2027.
  • For the fourth fiscal quarter of 2026, the company expects net revenues between $84 million & $91 million at constant currency rates.
  • The GAAP adjusted tax rate was 48% for the quarter, higher than the first-half 2026 runrate due to a shift in the geographic mix of income.
  • Nine-month GAAP net loss attributable to stockholders was $1.5 million, compared to net earnings of $7.2 million in the prior year period.
  • Nine-month adjusted net earnings were $3.3 million, or $0.25 per adjusted diluted share, compared to $7.4 million in the prior year period.
  • A conference call regarding these results is scheduled for November 4, 2026, at 9:00 a.m. ET.