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For Immediate Release Exhibit 99.1 VPG Reports Fiscal 2021 Third Quarter Results MALVERN , Pa . ( November 10 , 2021 ) - Vishay Precision Group , Inc. ( NYSE : VPG ) , a leading producer of precision sensors and sensor- based systems , today announced its results for its fiscal 2021 third fiscal quarter ended October 2 , 2021 . Third Fiscal Quarter Highlights : Revenues of $ 82.0 million increased 21.4 % from a year ago . • Gross profit margin was 38.8 % , as compared to 40.5 % reported a year ago . Adjusted gross profit margin * was 41.8 % , as compared to 40.5 % reported a year ago . Operating margin was 8.9 % , as compared to 12.0 % reported a year ago . • Adjusted operating margin * was 11.8 % , as compared to 11.7 % reported a year ago . Diluted earnings per share of $ 0.39 compared to $ 0.41 reported a year ago . • • • Adjusted diluted net earnings per share * of $ 0.52 compared to $ 0.40 reported a year ago . Cash from operating activities was $ 5.7 million with adjusted free cash flow * of $ 3.0 million . Book - to - bill ratio was 1.21 . Ziv Shoshani , Chief Executive Officer of VPG , commented , " We achieved solid third - quarter results , as we grew revenue and adjusted diluted net earnings per share , expanded our adjusted EBITDA margin to 16.8 % , and recorded a book - to - bill of 1.21 . As anticipated , challenges with labor availability at our facilities around the world had constrained our ability to translate our strong order intake into revenue . Our record backlog of $ 146.7 million , the completion of the manufacturing transition for advanced sensors , and the addition of Diversified Technical Systems , Inc. ( " DTS " ) , supports our positive outlook for the fourth quarter and gives us momentum into 2022 as we fill our open headcount positions . We are continuing to pursue our strategic initiatives designed to enable us to address larger and more diversified market opportunities . " Third Fiscal Quarter and Nine Month Financial Trends : The Company's third fiscal quarter 2021 net earnings attributable to VPG stockholders were $ 5.4 million , or $ 0.39 per diluted share , compared to $ 5.6 million , or $ 0.41 per diluted share , in the third fiscal quarter of 2020 . The third fiscal quarter 2021 adjusted net earnings * attributable to VPG stockholders were $ 7.1 million , or $ 0.52 per diluted share , compared to $ 5.3 million , or $ 0.40 per diluted share in the third fiscal quarter of 2020 . In the nine fiscal months ended October 2 , 2021 , net earnings attributable to VPG stockholders were $ 14.3 million , or $ 1.04 per diluted share , compared to $ 10.7 million , or $ 0.78 per diluted share , in the nine fiscal months ended September 26 , 2020 . In the nine fiscal months ended October 2 , 2021 , adjusted net earnings * attributable to VPG stockholders were $ 17.9 million , or $ 1.32 per diluted share , compared to $ 12.2 million , or $ 0.89 per diluted share in the nine fiscal months ended September 26 , 2020 . Segments : Foil Technology Products segment revenue of $ 32.8 million in the third fiscal quarter of 2021 decreased 0.4 % from $ 32.9 million in the third fiscal quarter of 2020 ; sequentially , revenue decreased 1.6 % compared to $ 33.3 million in the second quarter of 2021. Compared to a year ago , higher revenue of precision foil resistors in the Test and Measurements market was offset by lower revenue of precision foil resistors and Pacific Instruments systems in the Avionics , Military and Space market and by lower revenue of advanced sensors to our Other markets which was mainly the result of the transition to our new advanced sensors facility . The sequential decline primarily reflected lower revenue of advanced sensors to our Other markets mainly for the same reason . 1