Tue, Feb 25, 5:43 PM (54 days ago)
Vishay Precision Group, Inc. (VPG) 2024 annual report shows a decline in net revenues from $355,048K in 2023 to $306,522K (–13.7%) and net earnings from $25,707K to $9,911K, or diluted EPS dropping from $1.88 to $0.74. The Sensors segment saw a 19.7% revenue fall, Weighing Solutions dropped 12.5%, while Measurement Systems declined 6.1%, with gross margins decreasing chiefly due to lower volumes and unfavorable mix. Restructuring costs and acquisition-related expenses (notably for Nokra at $4,409K) impacted operating income, which fell from 11.8% to 5.5% of revenues. R&D investment remained stable around $20M. Despite geopolitical risks from the Israel-Hamas conflict affecting two key Israeli manufacturing facilities (representing ~26% of worldwide revenues), operations continue normally with contingency plans in place. The company extended its credit facility maturity to August 2029 with $32M outstanding and maintains a strong liquidity position with a current ratio of 4.5:1. Overall, VPG is focused on cost management, strategic acquisitions, and leveraging its R&D and global operational expertise to address market challenges.