Vishay Precision : VPG 2025 First Quarter Earnings Presentation
VPG
Published on 05/07/2025 at 09:37
1Qfi5 Eernings Cell
May 6, 2025
FISCAL FIRST QUARTER fi0fi5 HIGHLIGHTS
Finenciel
1Q25 revenue of $71.7 million declined modestly sequentially; Revenue impacted by delayed shipments at KELK of approximately $2 million.
Orders of $74.4 million grew 2.7% from 4Q24, the second consecutive quarter of order growth.
Book-to-bill of 1.04x improved sequentially. Sensors and Measurement Systems segments achieved book-to-bill ratios above 1.00.
Despite muted revenue levels, we generated solid cash flow. Cash from Operations was $5.3 million and Adj. Free Cash Flow was $3.7 million.
1Q24
2Q24
3Q24
4Q24
1Q25
Book-to-Bill
0.93
0.95
0.91
1.00
1.04
Monitoring potential impact from rapidly changing tariffs. VPG diversified manufacturing footprint and supply chain may mitigate potential impact, as our China manufacturing operations are devoted primarily to local customers.
Amounts in $ millions
$80.8
$77.4
$75.7
$72.7
$71.7
1Q24 2Q24 3Q24 4Q24 1Q25
Amounts in $ millions
$75.3
$74.4
$73.5
$72.4
$68.6
PERFORMANCE THROUGH PRECISION
4
SENSORS - SALES & BOOKINGS
Highlights:
Sensors 1Q25 sales grew 5.1% sequentially, primarily reflecting higher sales of strain gages and precision resistors in the Test & Measurement market.
Sequentially, orders grew 6.7% to the highest level in 5 quarters, primarily reflecting higher bookings in Test & Measurement (i.e., Semiconductor and Robotics) and Other markets (i.e., Consumer).
Sensors' book-to-bill was 1.06.
Humanoid robot projects continue to progress well, as our initial customer booked pre-production orders. Also received order from second developer of humanoid robots for prototypes.
Amounts in $ millions
$29.4
$28.9
$28.2
$27.1
$25.8
1Q24 2Q24 3Q24 4Q24 1Q25
Amounts in $ millions
$28.7
$26.7
$26.9
$26.1
$25.1
1Q24 2Q24 3Q24 4Q24 1Q25
Book-to-Bill 0.91 0.90 0.89 1.04 1.06
WEIGHING SOLUTIONS - SALES & BOOKINGS
Highlights:
1Q25 revenues grew 2.7% sequentially and declined 8.3% from the prior year.
The sequential increase was higher sales in the Transportation and General Industrial markets, which offset lower revenue in the Industrial Weighing and Other markets.
Orders decreased 9.3% sequentially after a strong 4Q24, and resulted in a book-to-bill of 0.99. Higher orders in the Transportation market for truck applications were offset by weaker orders for force sensor OEM business segments (precision agriculture, construction, and medical applications).
Amounts in $ millions
$28.8
$27.4
$26.4
$25.7
$25.2
1Q24 2Q24 3Q24 4Q24 1Q25
Amounts in $ millions
$28.9
$27.5
$26.2
$25.5
$25.2
1Q24 2Q24 3Q24 4Q24 1Q25
Book-to-Bill 0.95 0.93 1.00 1.12 0.99
Disclaimer
Vishay Precision Group Inc. published this content on May 06, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on May 07, 2025 at 13:36 UTC.