$VPG

Vishay Precision Group, Inc.

CIK:0001487952|SEC Filings

Consolidated Condensed Statements of Operations (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 04, 2026	Jun. 28, 2025	Jul. 04, 2026	Jun. 28, 2025
Net revenues	$ 83,936	$ 75,161	$ 168,288	$ 146,902
Costs of products sold	51,497	44,567	102,974	89,262
Gross profit	32,439	30,594	65,314	57,640
Selling, general and administrative expenses	31,960	27,701	64,047	54,412
Restructuring charges in 2026	773	185	1,222	580
Operating (loss) income	(294)	2,708	45	2,648
Other expense:
Interest expense	(345)	(550)	(674)	(1,101)
Other	(1,215)	(1,262)	(1,384)	(1,938)
Other expense	(1,560)	(1,812)	(2,058)	(3,039)
(Loss) income before taxes	(1,854)	896	(2,013)	(391)
Income tax (benefit) expense	(148)	592	(20)	260
Net (loss) earnings	(1,706)	304	(1,993)	(651)
Less: net earnings attributable to noncontrolling interests	14	56	46	43
Net (loss) earnings attributable to VPG stockholders	$ (1,720)	$ 248	$ (2,039)	$ (694)
Basic (loss) earnings per share attributable to VPG stockholders (in dollars per share)	$ (0.13)	$ 0.02	$ (0.15)	$ (0.05)
Diluted (loss) earnings per share attributable to VPG stockholders (in dollars per share)	$ (0.13)	$ 0.02	$ (0.15)	$ (0.05)
Weighted average shares outstanding - basic (in shares)	13,310	13,263	13,282	13,259
Weighted average shares outstanding - diluted (in shares)	13,310	13,309	13,282	13,259
Net revenues	$ 83,936	$ 75,161	$ 168,288	$ 146,902
Costs of products sold	51,497	44,567	102,974	89,262
Gross profit	32,439	30,594	65,314	57,640
Selling, general and administrative expenses	31,960	27,701	64,047	54,412
Restructuring charges in 2026	773	185	1,222	580
Operating (loss) income	$ (294)	$ 2,708	$ 45	$ 2,648

Consolidated Condensed Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jul. 04, 2026	Jun. 28, 2025
Operating activities
Net loss	$ (1,993)	$ (651)
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation and amortization	8,287	7,889
(Gain) loss on sale of property and equipment	(136)	33
Share-based compensation expense	1,555	1,057
Inventory write-offs for obsolescence	1,329	1,649
Deferred expense taxes	(1,057)	(881)
Foreign currency impacts and other items	879	397
Accounts receivable	(6,592)	1,614
Inventories	(3,350)	(1,525)
Prepaid expenses and other current assets	(2,002)	(1,214)
Trade accounts payable	715	329
Other current liabilities	2,605	3,294
Other non current assets and liabilities, net	(370)	(1,012)
Accrued pension and other postretirement costs, net	(195)	232
Net cash (used in) provided by operating activities	(325)	11,211
Investing activities
Capital expenditures	(5,046)	(2,760)
Proceeds from sale of property and equipment	297	20
Net cash used in investing activities	(4,749)	(2,740)
Financing activities
Repayments on revolving facility	(5,000)	0
(Distributions) contributions from noncontrolling interests	(46)	108
Payments of employee taxes on certain share-based arrangements	(375)	(256)
Net cash used in financing activities	(5,421)	(148)
Effect of exchange rate changes on cash and cash equivalents	(1,169)	2,780
(Decrease) increase in cash and cash equivalents	(11,664)	11,103
Cash and cash equivalents at beginning of period	87,366	79,272
Cash and cash equivalents at end of period	75,702	90,375
Supplemental disclosure of investing transactions:
Capital expenditures accrued but not yet paid	$ 1,544	$ 732

Consolidated Condensed Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Jul. 04, 2026	Dec. 31, 2025
Current assets:
Cash and cash equivalents	$ 75,702	$ 87,366
Accounts receivable, net	62,198	56,348
Inventories:
Raw materials	30,199	32,760
Work in process	30,184	25,794
Finished goods	23,822	24,269
Inventories, net	84,205	82,823
Prepaid expenses and other current assets	22,152	20,425
Total current assets	244,257	246,962
Property and equipment:
Land	2,367	2,382
Buildings and improvements	80,482	78,737
Machinery and equipment	141,095	137,230
Software	12,195	11,692
Construction in progress	1,712	4,162
Accumulated depreciation	(162,799)	(158,123)
Property and equipment, net	75,052	76,080
Goodwill	47,090	47,367
Intangible assets, net	36,117	38,227
Operating lease right of use asset	22,057	22,892
Other non-current assets	26,150	24,361
Total assets	450,723	455,889
Current liabilities:
Trade accounts payable	11,449	10,530
Payroll and related expenses	20,276	19,569
Other accrued expenses and other current liabilities	22,356	20,833
Current portion of operating lease liabilities	4,706	4,347
Total current liabilities	58,787	55,279
Long-term debt	15,640	20,583
Deferred income taxes	3,682	3,834
Operating lease liabilities	18,907	19,547
Other non-current liabilities	14,780	14,200
Accrued pension and other postretirement costs	6,320	6,219
Total liabilities	118,116	119,662
Equity:
Treasury stock, at cost - 1,137,995 shares held at July 4, 2026 and December 31, 2025	(25,335)	(25,335)
Capital in excess of par value	205,545	204,360
Retained earnings	195,231	197,270
Accumulated other comprehensive loss	(44,137)	(41,367)
Total Vishay Precision Group, Inc. stockholders' equity	332,751	336,371
Noncontrolling interests	(144)	(144)
Total equity	332,607	336,227
Total liabilities and equity	450,723	455,889
Common Stock, Excluding Class B Convertible Common Stock [Member]
Equity:
Common stock, par value $0.10 per share: 25,000,000 shares authorized; 12,297,543 shares outstanding as of July 4, 2026 and 12,256,197 shares outstanding as of December 31, 2025	1,344	1,340
Common Class B [Member]
Equity:
Common stock, par value $0.10 per share: 25,000,000 shares authorized; 12,297,543 shares outstanding as of July 4, 2026 and 12,256,197 shares outstanding as of December 31, 2025	$ 103	$ 103