Vishay Precision Group, Inc.

Vishay Precision Group, Inc. is a U.S.-based industrial technology company focused on precision measurement and sensing products. Its portfolio includes foil resistors, strain gages, load cells, weighing solutions, and specialized measurement systems sold to customers across industrial, test and measurement, steel, and other technical markets worldwide.

9,7 %

38,9 %

1,7 %

+0,2 %

4.47

2.97

— Vishay Precision Group, Inc.
%
Sensors28% Foil resistors and strain gages used as precision sensing components in technical applications.
Weighing Solutions34% Load cells, modules, and systems that measure weight, force, torque, and pressure.
Measurement Systems25% Specialized systems for steel production, materials development, and safety testing.
Precision Measurement Components13% Other engineered sensing and measurement products sold into industrial and test markets.

VPG sells to a diversified base of industrial and technical customers that integrate its components into their own...

  • Industrial OEMsprimary

    Buy foil resistors, strain gages, and sensing components designed into their equipment.

  • Test and Measurementprimary

    Buy precision resistors and measurement products for calibration, testing, and instrumentation.

  • Steel and Metalssecondary

    Buy measurement systems used in steel production and related process control applications.

  • Weighing and Scales Manufacturersprimary

    Buy load cells, modules, and weighing systems for industrial and transportation uses.

  • Broad Industrial End Marketssecondary

    Buy products used in waste management, bulk hauling, logging, food, chemical, and paper applications.

VPG operates a global manufacturing, sales, and distribution network spanning North America, Europe, and Asia...

  • •Manufacturing and distribution network spans North America, Europe, and Asia
  • •Facilities in the U.S., Canada, China, India, Israel, Japan, and Europe
  • •Global footprint supports local customer service and technical support
  • •Foreign operations create exposure to tariffs, FX, and labor availability
  • •Some subsidiaries use U.S. dollar functional currency, especially in Israel and Asia

VPG’s strategy centers on precision measurement niches where its technical know-how, application support, and product...

01
Expand higher-volume precision measurement opportunitiesmedium-term

Broader addressable markets can reduce dependence on narrow niches and support growth.

02
Leverage designed-in technical sales modelshort-term

Engineering support and product qualification help embed products into customer designs.

03
Optimize manufacturing footprintmedium-term

Production transfers and automation can improve efficiency and cost competitiveness.

04
Pursue targeted acquisitionsmedium-term

Acquisitions add technology, market access, and product breadth in adjacent categories.

VPG faces cyclical demand, customer forecast volatility, and intense competition in fragmented industrial markets...

high

Demand volatility and backlog unreliability

Customers often order based on forecasts and may cancel or reschedule shipments.

Scope
Strain gages, load cells, and foil resistors
Materiality
High
high

Tariffs and trade restrictions

Manufacturing and sourcing across multiple countries creates exposure to import/export duties.

Scope
U.S., China, India, Japan, Europe, Israel
Materiality
High
high

Intense competition

Markets are fragmented and include small local firms and larger international competitors.

Scope
Sensors, weighing, and measurement systems
Materiality
High
medium

Labor shortages

Qualified labor is needed to manufacture precision products and support operations.

Scope
Global manufacturing footprint
Materiality
Medium
medium

Goodwill impairment

Reporting unit valuations depend on revenue, margin, and discount-rate assumptions.

Scope
Steel, on-board weighing, DSI, DTS reporting units
Materiality
High
medium

Foreign exchange volatility

A large share of operations and costs are outside the U.S., creating translation and remeasurement effects.

Scope
International subsidiaries
Materiality
Medium
Goodwill impairment
Could create non-cash charges if fair value falls below carrying value
Foreign currency translation and remeasurement
Affects reported revenue, costs, and exchange gains/losses
Restructuring costs
Creates non-recurring charges and affects comparability
Deferred tax assets
Valuation allowance changes can materially affect tax expense

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: 29/04/2026