0001437749-26-016261
SEC filingRevenue grew 17.6% YoY to $84.4M, driven by volume gains across all segments, while gross margin improved 130 bps to 39.0%.
For the fiscal quarter ended April 4, 2026, VPG reported net revenues of $84.4 million, a 17.6% increase from $71.7 million in the prior year period. The growth was driven by higher volume across all segments, contributing 10.8% of the change, along with a 2.4% benefit from higher average selling prices and a 4.4% positive impact from foreign currency effects. Gross profit margin improved 130 basis points to 39.0%, primarily due to higher volume in the Sensors and Measurement Systems segments. Operating income swung to a positive $0.3 million from a loss of $0.1 million in the prior year, reflecting the revenue growth and margin expansion. Net loss attributable to VPG stockholders narrowed to $0.3 million ($0.02 per diluted share) from $0.9 million ($0.07 per diluted share) in the prior year. Adjusted EBITDA was $5.9 million, up from $5.7 million, but adjusted EBITDA margin declined to 7.0% from 7.9%, as SG&A expenses increased $5.4 million due to investments in organizational infrastructure and strategic programs.
All three segments contributed to the revenue growth. Sensors revenue increased 23.1% YoY to $33.3 million, driven by higher sales of precision resistors in Test and Measurement and strain gage sensors in AMS and Other markets. Gross margin for Sensors expanded 470 basis points to 34.8%, benefiting from higher volume. Weighing Solutions revenue rose 14.4% to $30.2 million, with growth in medical applications and Industrial weighing. However, gross margin declined 260 basis points to 34.2% due to unfavorable product mix and higher manufacturing fixed costs. Measurement Systems revenue grew 14.0% to $20.8 million, driven by higher revenue in the AMS market, which offset lower sales in Steel and Transportation. Gross margin for Measurement Systems improved 230 basis points to 52.6%, supported by higher volume.
Management highlighted several strategic priorities. The company is executing a growth-focused strategy, including the expansion of the senior management team with new Chief Business and Product Officer and Chief Operating Officer roles. VPG continues to invest in R&D and manufacturing automation, and is evaluating further facility consolidations to reduce costs. The company is also actively monitoring tariff changes and adjusting pricing to mitigate impacts. The recent war in Israel did not have a material impact on the quarter, but the company has contingency plans in place. Management believes current cash, credit facilities, and projected cash from operations are sufficient for at least the next 12 months. No specific forward guidance was provided.