Vishay Precision Group reported second quarter revenue of $83.9 million, an 11.7% increase year-over-year, and adjusted EPS of $0.04. The results were impacted by approximately $3.0 million in delayed shipments from a new ERP system implementation and significant foreign exchange headwinds.
Key Highlights
- Bookings were a strong point, coming in at $95.5 million, which resulted in a solid book-to-bill ratio of 1.14.
- Profitability was heavily impacted by a $3.3 million headwind from unfavorable foreign exchange rates, delayed shipments, and an unfavorable product mix, leading to an adjusted operating margin of 1.7% versus 5.4% a year ago.
- The company received a key vendor nomination from its initial humanoid robotics customer, positioning it to support a planned production ramp in the second half of 2026.
- VPG guided for third quarter revenue to be in the range of $84 million to $89 million.