Vishay Precision Group, Inc. (VPG) Q1 2025 Earnings Call Transcript

Vishay Precision Group, Inc. (NYSE:VPG) Q1 2025 Earnings Conference Call May 6, 2025 9:00 AM ET

Company Participants

Steve Cantor – Senior Director-Investor Relations
Ziv Shoshani – Chief Executive Officer & President
Bill Clancy – Chief Financial Officer

Conference Call Participants

Griffin Boss – B. Riley Securities
John Franzreb – Sidoti

Operator

Hello, everyone, and welcome to the VPG’s 2025 First Quarter Earnings Conference Call. My name is Ezra, and I will be your coordinator today. [Operator Instructions]

I will now hand you over to your host, Steve Cantor, Senior Director of Investor Relations, to begin. Steve, please go ahead.

Steve Cantor

Thank you, Ezra. Good morning, everyone. Welcome to VPG’s 2025 First Quarter Earnings Conference Call. Our Q1 press release and slides have been posted on our website, vpgsensors.com. An audio recording of today’s call will be available on the Internet for a limited time and can also be accessed on the VPG website.

Today’s remarks are governed by the safe harbor provisions of the 1995 Private Securities Litigation Reform Act. Our actual results may vary from forward-looking statements. For a discussion of the risks associated with VPG’s operations, we encourage you to refer to our SEC filings, especially the Form 10-K for the year ended December 31, 2024, and our other recent SEC filings. On the call today are Ziv Shoshani, CEO and President; and Bill Clancy, CFO.

I’ll now turn the call to Ziv for some prepared remarks. Please refer to Slide 3 of the quarterly presentation. Ziv?

Ziv Shoshani

Thank you, Steve. I will begin with some commentary on our results and trends for the first quarter. Bill will provide financial details about the quarter and our outlook for the second quarter of 2025.

Moving to Slide 3. Beginning with revenue, first quarter revenue of $71.7 million declined modestly