Earnings release
Page 1
NEWS RELEASE VPG Reports Third Quarter Adjusted Revenue of $87.4 Million; Orders Exceed $100 Million and Re ect Continued Strength in Key Markets 2026-11-04 CHESTERBROOK, Pa., Nov. 04, 2026 (GLOBE NEWSWIRE) -- Vishay Precision Group, Inc. (NYSE: VPG), a leader in precision measurement and sensing technologies, today announced its results for its scal 2026 third quarter ended October 3, 2026. Third Fiscal Quarter Highlights (comparisons are to the comparable period a year ago): GAAP net revenues of $85.1 million; adjusted net revenues* of $87.4 million. GAAP net revenues reduced by $2.3 million of tari refunds passed through to customers, with no impact on gross pro t. Gross pro t margin was 40.2% as compared to 40.3%. Adjusted gross pro t margin* was 39.3%, as compared to 40.5%. Operating margin was 3.2% as compared to 12.7%. Adjusted operating margin* was 4.9%, as compared to 6.9%. Diluted net earnings per share of $0.04 as compared to diluted net earnings per share of $0.59. Adjusted diluted net earnings per share* of $0.14 as compared to $0.30. GAAP adjusted tax rate of 48% was higher than rst-half 2026 runrate due to shift in the geographic mix of income, which reduced diluted net earnings per share by $0.03. Adjusted EBITDA* was $8.2 million with an adjusted EBITDA margin* of 9.4%. Ziv Shoshani, Chief Executive O cer of VPG, commented, “Adjusted revenue of $87.4 million in the third quarter grew 4.1% sequentially and 9.6% from the prior year. We also delivered another strong quarter of bookings with 1
Page 2
orders exceeding $100 million, which resulted in an adjusted consolidated book-to-bill of 1.17, our eighth consecutive quarter with consolidated book-to-bill at or above 1.0. Sensor bookings reached a record, driven by continued strength in AI-driven applications, including demand for our precision resistors in semiconductor equipment, data center and ber-optic applications, as well as continued demand in aerospace and defense. Importantly, all three reporting segments achieved book-to-bill ratios of 1.0 or better. Regarding humanoid robots, we are preparing for the anticipated production ramp up, with timing aligned to our customer’s updated production schedule. These results demonstrate the strength of our di erentiated technology portfolio and our growing participation in attractive secular growth markets.” Mr. Shoshani added: “We made solid progress on pro tability and cash generation, improving gross margin and EBITDA sequentially while generating $5.5 million of adjusted free cash ow. Our cost savings initiatives continued on pace to achieve the $6 million of savings targeted for 2026. Given our continued strong order activity and a growing backlog, we see revenue momentum into 2027 and expect to realize the operating leverage in our target model as revenues continue to grow.” Third Fiscal Quarter and Nine-Months Financial Trends: The Company's third scal quarter 2026 net earnings attributable to VPG stockholders were $0.6 million, or $0.04 per diluted share, compared to net earnings of $7.9 million or $0.59 per diluted share, in the third scal quarter of 2025. The third scal quarter operating income included $3.4 million related to unfavorable currency exchange rates compared to the prior year. In the nine scal months ended October 3, 2026, net loss attributable to VPG stockholders was $1.5 million or $0.11 per diluted share, compared to net earnings of $7.2 million, or $0.54 per diluted share, in the nine scal months ended September 27, 2025. The operating income for the nine scal months ended October 3, 2026 included $8.1 million related to unfavorable currency exchange rates compared to the same period a year ago. The third scal quarter 2026 adjusted net earnings* were $1.8 million, or $0.14 per adjusted diluted share*, compared to adjusted net earnings* of $3.9 million or $0.30 per adjusted diluted share* in the third scal quarter of 2025. In the nine scal months ended October 3, 2026, adjusted net earnings* were $3.3 million, or $0.25 per adjusted diluted share*, compared to adjusted net earnings* of $7.4 million, or $0.56 per adjusted diluted share* in the nine scal months ended September 27, 2025. All measures below for segment performance, including revenue and gross pro t, exclude the impact of tari refunds. 2
Page 3
Segment Performance: The Sensors segment bookings in the third scal quarter of 2026 of $51.7 million grew 7.5% sequentially to a record high, resulting in a book-to-bill of 1.35. The Sensors segment revenues of $38.4 million in the third scal quarter of 2026 increased 21.3% from $31.6 million in the third scal quarter of 2025. Sequentially, revenues increased 14.8% compared to $33.4 million in the second scal quarter of 2026. The year-over-year increase in revenues was primarily attributable to higher sales of precision resistors in the Test and Measurement market. Sequentially, the increase in revenues primarily re ected higher sales of precision resistors and strain gages in the Test and Measurement market. Gross pro t margin for the Sensors segment was 32.4% for the third scal quarter of 2026, which decreased from 33.6% in the third scal quarter of 2025 and increased from 31.5% in the second scal quarter of 2026. Adjusted gross margin* in the third scal quarter of 2026 of 32.6% was adjusted for $0.1 million of start-up costs. The year-over-year decrease in gross pro t margin was primarily due to unfavorable foreign currency exchange rates and higher manufacturing costs, which were partially o set by higher volume. The sequential increase in gross pro t margin was primarily due to higher volume, partially o set by higher manufacturing costs. Third-quarter adjusted bookings for the Weighing Solutions segment of $28.6 million were at sequentially, resulting in a book-to-bill of 1.06. The Weighing Solutions segment net revenues were $24.6 million. Adjusted net revenues* were $26.9 million in the third scal quarter of 2026, which decreased 2.2% from $27.5 million in the third scal quarter of 2025. Sequentially, adjusted net revenues* decreased 11.3% compared to $30.3 million in the second scal quarter of 2026. The year-over-year decrease in adjusted net revenues* was mainly attributable to lower sales in the Industrial Weighing market. Sequentially, adjusted net revenues* decreased in the Transportation, Industrial Weighing and General Industrial markets. Gross pro t margin for the Weighing Solutions segment was 37.6% for the third scal quarter of 2026, which decreased from gross pro t margin of 40.3% in the third scal quarter of 2025 and increased from 37.3% in the second scal quarter of 2026. Adjusted gross margin* in the third scal quarter of 2026 of 34.6% based on adjusted net revenues*, excludes $0.1 million of start-up costs. The year-over-year decrease in adjusted gross pro t margin* was primarily due to unfavorable product mix and reduction in inventory. The sequential decrease in adjusted gross pro t margin* primarily re ected lower volume. The Measurement Systems segment bookings in the third scal quarter of 2026 of $22.2 million grew 18.6% sequentially, resulting in a book-to-bill of 1.01. The Measurement Systems segment revenues of $22.1 million in the third scal quarter of 3
Page 4
2026 increased 7.6% from $20.6 million in the third scal quarter of 2025. Sequentially, revenues increased 9.7% compared to $20.2 million in the second scal quarter of 2026. The year-over-year increase was primarily attributable to higher revenue in the AMS market. Sequentially, the increase in revenue was primarily due to higher sales in the Steel market. Gross pro t margin for the Measurement Systems segment was 56.5% for the third scal quarter of 2026, which increased from 50.5% in the third scal quarter of 2025, and increased from 52.5% in the second scal quarter of 2026. The year-over-year and sequential increases in gross pro t margin were primarily due to higher volume and favorable product mix. Near-Term Outlook “For the fourth scal quarter of 2026 at constant third scal quarter 2026 foreign currency exchange rates, we expect net revenues to be in the range of $84 million to $91 million. Our guidance excludes fourth-quarter tari refunds to customers which will have no impact on pro ts,” said Mr. Shoshani. *Use of Non-GAAP Financial Information: Beginning in scal 2026, the Company revised its de nition of certain non-GAAP nancial measures to exclude share-based compensation expense in addition to the other items described below. This change was made in light of the Company’s evolving compensation structure following recent organizational changes, including the hiring of senior executives and the expansion of equity-based incentive programs to attract and retain key talent. Management believes that excluding share-based compensation expense in certain non-GAAP nancial measures provides investors with additional insight into the Company’s core operating performance and enhanced understanding of business trends across reporting periods, including those in comparison to its main peer companies. Share-based compensation expense will continue to be re ected in the Company's GAAP nancial results and will be set forth in a speci c line item in the reconciliation table between GAAP and non-GAAP measures. Prior-period non-GAAP nancial measures have been recast to conform to the current presentation. The Company de nes "adjusted net revenue" as net revenue less tari refunds returned to customers. “Adjusted gross pro t margin” is gross pro t margin before start-up costs and acquisition purchase accounting adjustments. “Adjusted operating margin” is de ned as operating margin before start-up costs, acquisition purchase accounting adjustments, restructuring costs, severance costs, share-based compensation expense, and gain on asset held for sale. “Adjusted net earnings” and “adjusted diluted net earnings per share” are de ned as net earnings attributable to VPG stockholders before start-up costs, acquisition purchase accounting adjustments, restructuring costs, severance costs, share-based compensation expense, foreign currency exchange gains and 4
Page 5
losses and associated tax e ects, and gain on asset held for sale. We de ne “Adjusted EBITDA” as earnings before interest, taxes, depreciation, and amortization, start-up costs, acquisition purchase accounting adjustments, restructuring costs, severance costs, foreign currency exchange gains and losses, share-based compensation expense, and gain on asset held for sale. “Adjusted free cash ow” for the third scal quarter of 2026 is de ned as the amount of cash generated from operating activities ($11.1 million) in excess of capital expenditures ($5.6 million), net of proceeds, if any, from the sale of assets ($0.0 million). Management believes that these non-GAAP measures are useful to investors because each present what management views as our core operating results for the relevant period. The adjustments to the applicable GAAP measures relate to occurrences or events that are outside of our core operations, and management believes that the use of these non-GAAP measures provides a consistent basis to evaluate our operating pro tability and performance trends across comparable periods. These reconciling items are indicated on the accompanying reconciliation schedules and are more fully described in VPG’s consolidated nancial statements presented in our Annual Report on Form 10-K and Quarterly Reports on Forms 10-Q. Conference Call and Webcast: A conference call will be held on Wednesday, November 4, 2026 at 9:00 a.m. ET (8:00 a.m. CT). To access the conference call, interested parties may call 1-888-596-4144 or internationally +1-646-968-2525 and use passcode 6155497, or log on to the investor relations page of the VPG website at ir.vpgsensors.com. A replay will be available approximately one hour after the completion of the call by calling toll-free 1-800-770-2030 or internationally +1- 609-800-9909 and by using passcode 6155497. The replay will also be available on the “Events” page of investor relations section of the VPG website at ir.vpgsensors.com. About VPG: Vishay Precision Group, Inc. (VPG) is a leader in precision measurement and sensing technologies. Our sensors, weighing solutions and measurement systems optimize and enhance our customers’ product performance across a broad array of markets to make our world safer, smarter, and more productive. To learn more, visit VPG at www.vpgsensors.com and follow us on LinkedIn. Forward-Looking Statements: From time to time, information provided by us, including, but not limited to, statements in this press release, or other statements made by or on our behalf, may contain or constitute “forward-looking” information within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements involve a number of risks, uncertainties, and contingencies, many of which are beyond our control, which may cause actual results, 5
Page 6
performance, or achievements to di er materially from those anticipated. Such statements are based on current expectations only, and are subject to certain risks, uncertainties, and assumptions. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated, expected, estimated, or projected. Among the factors that could cause actual results to materially di er include: general business and economic conditions; signi cant developments from the recent and potential changes in tari s and trade regulation; impact of in ation; potential issues respecting the United States federal government debt ceiling; global labor and supply chain challenges; di culties or delays in identifying, negotiating and completing acquisitions and integrating acquired companies; the inability to realize anticipated synergies and expansion possibilities; di culties in new product development; changes in competition and technology in the markets that we serve and the mix of our products required to address these changes; changes in foreign currency exchange rates; political, economic, and health (including pandemics) instabilities; instability or disruption caused by military hostilities in the regions or countries in which we operate (including Israel); di culties in implementing our cost reduction strategies, such as underutilization of production facilities, labor unrest or legal challenges to our lay-o or termination plans, operation of redundant facilities due to di culties in transferring production to achieve e ciencies; compliance issues under applicable laws, such as export control laws, including the outcome of our voluntary self-disclosure of export control non-compliance; our ability to execute our corporate strategy and business continuity, operational and budget plans; and other factors a ecting our operations, markets, products, services, and prices that are set forth in our Annual Report on Form 10- K for the scal year ended December 31, 2025. We caution you not to place undue reliance on forward-looking statements, which speak only as of the date of this report or as of the dates otherwise indicated in such forward- looking statements. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. Contact: Steve Cantor Vishay Precision Group, Inc. 781-222-3516 info@vpgsensors.com VISHAY PRECISION GROUP, INC. Consolidated Condensed Statements of Operations (Unaudited - In thousands, except per share amounts) Fiscal Quarter Ended October3 September27 6
Page 7
October 3, 2026 September 27, 2025 Net revenues (a) $ 85,071 $ 79,728 Costs of products sold (b) 50,890 47,603 Gross pro t 34,181 32,125 Selling, general and administrative expenses 31,195 27,296 Gain on asset held for sale — (5,544)Restructuring costs 275 214 Operating income 2,711 10,159 Other expense: Interest expense (272) (425)Other 398 159 Other income (expense) 126 (266) Income before taxes 2,837 9,893 Income tax expense 2,053 1,961 Net earnings 784 7,932 Less: net earnings attributable to noncontrolling interests 225 74 Net earnings attributable to VPG stockholders $ 559 $ 7,858 Basic earnings per share attributable to VPG stockholders $ 0.04 $ 0.59 Diluted earnings per share attributable to VPG stockholders $ 0.04 $ 0.59 Weighted average shares outstanding - basic 13,320 13,279 Weighted average shares outstanding - diluted 13,431 13,344 (a) Net revenues for the scal quarter ended October 3, 2026 are reduced by $2.3 million for tari refunds passed through to customers, with noimpact on gross pro t. (b) Costs of product sold for the scal quarter ended October 3, 2026 are reduced by $2.3 million for tari refunds received from the U.S. government,with no impact on gross pro t. VISHAY PRECISION GROUP, INC. Consolidated Condensed Statements of Operations (Unaudited - In thousands, except per share amounts) Nine Fiscal Months Ended October 3, 2026 September 27, 2025 Net revenues (a) $ 253,359 $ 226,630 Costs of products sold (b) 153,864 136,866 Gross pro t 99,495 89,764 Selling, general and administrative expenses 95,241 81,708 Gain on asset held for sale — (5,544)Restructuring costs 1,498 793 Operating income 2,756 12,807 Other expense: Interest expense (945) (1,525)Other (987) (1,781) Other expense (1,932) (3,306) Income before taxes 824 9,501 Income tax expense 2,033 2,220 Net (loss) earnings (1,209) 7,281 Less: net earnings attributable to noncontrolling interests 271 117 Net (loss) earnings attributable to VPG stockholders $ (1,480) $ 7,164 Basic (loss) earnings per share attributable to VPG stockholders $ (0.11) $ 0.54 Dild(l ) i h ibbl VPGkhld $ (011) $ 054 7
Page 8
Diluted (loss) earnings per share attributable to VPG stockholders $ (0.11) $ 0.54 Weighted average shares outstanding - basic 13,283 13,260 Weighted average shares outstanding - diluted 13,283 13,307 (a) Net revenues for the nine scal months ended October 3, 2026 are reduced by $2.3 million for tari refunds passed through to customers, with noimpact on gross pro t.(b) Costs of product sold for the nine scal months ended October 3, 2026 are reduced by $2.3 million for tari refunds received from the U.S.government, with no impact on gross pro t. VISHAY PRECISION GROUP, INC. Consolidated Condensed Balance Sheets (In thousands) October 3, 2026 December 31, 2025 (Unaudited) Assets Current assets: Cash and cash equivalents $ 80,853 $ 87,366 Accounts receivable, net 63,100 56,348 Inventories: Raw materials 32,566 32,760 Work in process 31,841 25,794 Finished goods 22,926 24,269 Inventories, net 87,333 82,823 Prepaid expenses and other current assets 23,574 20,425 Total current assets 254,860 246,962 Property and equipment: Land 2,363 2,382 Buildings and improvements 80,810 78,737 Machinery and equipment 143,284 137,230 Software 12,270 11,692 Construction in progress 4,839 4,162 Accumulated depreciation (165,794) (158,123) Property and equipment, net 77,772 76,080 Goodwill 47,046 47,367 Intangible assets, net 35,128 38,227 Operating lease right-of-use assets 22,071 22,892 Other non-current assets 26,435 24,361 Total assets $ 463,311 $ 455,889 VISHAY PRECISION GROUP, INC. Consolidated Condensed Balance Sheets (In thousands) 8
Page 9
October 3, 2026 December 31, 2025 (Unaudited) Liabilities and equity Current liabilities: Trade accounts payable $ 16,120 $ 10,530 Payroll and related expenses 22,176 19,569 Other accrued expenses and other current liabilities 27,826 20,833 Current portion of operating lease liabilities 4,857 4,347 Total current liabilities 70,979 55,279 Long-term debt 15,668 20,583 Deferred income taxes 3,663 3,834 Operating lease liabilities 18,418 19,547 Other non-current liabilities 14,740 14,200 Accrued pension and other postretirement costs 6,449 6,219 Total liabilities 129,917 119,662 Equity: Common stock, par value $0.10 per share: 25,000,000 shares authorized; 12,297,543 shares outstandingas of October 3, 2026 and 12,256,197 shares outstanding as of December 31, 2025 1,344 1,340 Class B convertible common stock, par value $0.10 per share: 3,000,000 shares authorized; 1,022,887shares outstanding as of October 3, 2026 and December 31, 2025 103 103 Treasury stock, at cost - 1,137,995 shares held at October 3, 2026 and December 31, 2025 (25,335) (25,335)Capital in excess of par value 206,275 204,360 Retained earnings 195,790 197,270 Accumulated other comprehensive loss (44,813) (41,367) Total Vishay Precision Group, Inc. stockholders' equity 333,364 336,371 Noncontrolling interests 30 (144) Total equity 333,394 336,227 Total liabilities and equity $ 463,311 $ 455,889 VISHAY PRECISION GROUP, INC. Consolidated Condensed Statements of Cash Flows (Unaudited - In thousands) Nine Fiscal Months Ended October 3, 2026 September 27, 2025 Operating activities Net (loss) earnings $ (1,209) $ 7,281 Adjustments to reconcile net earnings to net cash provided by operating activities: Depreciation and amortization 12,482 11,878 (Gain) loss on sale of property and equipment (137) 64 Gain on asset held for sale — (5,544)Share-based compensation expense 2,285 1,550 Inventory write-o s for obsolescence 2,054 2,334 Deferred expense taxes (1,409) (2,322)Foreign currency impacts and other items 517 270 Net changes in operating assets and liabilities: Accounts receivable (7,497) (6,223)Inventories (7,398) (2,084)Prepaid expenses and other current assets (3,462) (2,863)Trade accounts payable 4,817 323 Other current liabilities 10,365 6,499 Other non current assets and liabilities, net (386) (1,335)Accrued pension and other postretirement costs, net (281) 126 Net cash provided by operating activities 10,741 9,954 Investing activities Capital expenditures (10,624) (4,953)Proceeds from sale of property and equipment 301 10,891 9
Page 10
Net cash (used in) provided investing activities (10,323) 5,938 Financing activities Repayments on revolving facility (5,000) (11,000)(Distributions) contributions from noncontrolling interests (96) 36 Payments of employee taxes on certain share-based arrangements (375) (256) Net cash used in nancing activities (5,471) (11,220)E ect of exchange rate changes on cash and cash equivalents (1,460) 2,309 (Decrease) increase in cash and cash equivalents (6,513) 6,981 Cash and cash equivalents at beginning of period 87,366 79,272 Cash and cash equivalents at end of period $ 80,853 $ 86,253 Supplemental disclosure of investing transactions: Capital expenditures accrued but not yet paid $ 1,817 $ 1,239 VISHAY PRECISION GROUP, INC. Schedule of Adjusted Revenues and Gross Pro t (Unaudited - In thousands) Fiscal Quarter Ended Nine Fiscal Months Ended October 3, 2026 October 3, 2026 GAAP (a) Adjusted (b) GAAP (a) Adjusted (b) Net revenues $ 85,071 $ 87,409 $ 253,359 $ 255,697Gross pro t 34,181 34,181 99,495 99,495 (a) Net revenues for the scal quarter ended October 3, 2026 and nine scal months ended October 3, 2026 are reduced by $2.3 million for tari refunds passed through to customers, with no impact on gross pro t. (b) Adjusted net revenues for the third scal quarter ended October 3, 2026 and nine scal months ended October 3, 2026 exclude $2.3 million relatedto tari refunds expected to be passed through to customers, with no impact on gross pro t. VISHAY PRECISION GROUP, INC. Reconciliation of Consolidated Adjusted Gross Pro t, Operating Income, Net Earnings Attributable to VPG Stockholders and Diluted Earnings Per Share (Unaudited - In thousands) Gross Pro t Operating Income Net Earnings Attributableto VPG Stockholders Diluted Earnings Per share Three months ended October 3,2026 September27, 2025 October 3,2026 September27, 2025 October 3,2026 September27, 2025 October 3,2026 September27, 2025 As reported - GAAP $ 34,181 $ 32,125 $ 2,711 $ 10,159 $ 559 $ 7,858 $ 0.04 $ 0.59 As reported - GAAP Margins 40.2% 40.3% 3.2% 12.7% — — - — Start-up costs (a) 141 37 141 37 141 37 0.01 0.00 Acquisition purchaseaccounting adjustments (b) — 111 — 111 — 111 - 0.01 R i 275 214 275 214 002 002 10
Page 11
Restructuring costs — — 275 214 275 214 0.02 0.02 Severance cost — — 391 — 391 — 0.03 — Share-based compensationcost (c) — 730 490 730 490 0.06 0.04 Foreign currency exchange(gain) loss — — — — (414) 101 (0.03) 0.01 Less: Gain on asset held forsale (d) — — — 5,544 — 5,544 - 0.42 Less: Tax e ect ofreconciling items anddiscrete tax items (e) — — — — (161) (627) (0.01) (0.05) As Adjusted - Non GAAP $ 34,322 $ 32,273 $ 4,248 $ 5,467 $ 1,843 3,894 $ 0.14 $ 0.30 As Adjusted - Non GAAPMargins (f) 39.3% 40.5% 4.9% 6.9% Gross Pro t Operating Income Net (Loss) EarningsAttributable to VPGStockholders Diluted (Loss) EarningsPer share Nine Fiscal Months Ended October 3,2026 September27, 2025 October 3,2026 September27, 2025 October 3,2026 September27, 2025 October 3,2026 September27, 2025 As reported - GAAP $ 99,495 89,764 $ 2,756 12,806 $ (1,480) 7,164 $ (0.11) 0.54 As reported - GAAP Margins 39.3% 39.6% 1.1% 5.7% — — — — Start-up costs (a) 141 757 141 757 141 757 $ 0.01 0.06 Acquisition purchaseaccounting adjustments (b) — 111 — 111 — 111 $ — 0.01 Restructuring costs — — 1,498 793 1,498 793 $ 0.11 0.06 Severance cost — — 587 398 587 398 $ 0.04 0.03 Share-based compensationcost (c) — 8 2,285 1,548 2,285 1,548 $ 0.18 0.12 Foreign currency exchangeloss — — — — 1,073 2,836 $ 0.08 0.21 Less: Gain on asset held forsale (d) — — — 5,544 — 5,544 $ — 0.42 Less: Tax e ect of reconcilingitems and discrete tax items — — — — 767 616 $ 0.06 0.05 As Adjusted - Non GAAP $ 99,636 $ 90,640 $ 7,267 $ 10,870 $ 3,337 $ 7,448 $ 0.25 $ 0.56 As Adjusted - Non GAAPMargins(f) 39.0% 40.0% 2.8% 4.8% (a) Start-up costs following manufacturing relocations (b) Nokra GmbH acquisition (c) Share-based compensation cost excluded for non-GAAP results, beginning in scal 2026, with prior period comparability (d) Gain on Sale of Manufacturing Facility in Kent, Washington (e) Includes tax item arising from changes in the geographic mix of pre-tax income, which a ected the Company's estimated annual e ective tax rate (f) Based on Adjusted Revenue VISHAY PRECISION GROUP, INC. Reconciliation of Adjusted Gross Pro t by segment (Unaudited - In thousands) Fiscal Quarter Ended October3 September27 July4 11
Page 12
October 3, 2026 September 27, 2025 July 4, 2026 Sensors Net revenues 38,365 31,624 33,418 As reported - GAAP 12,447 10,626 10,523 As reported - GAAP Margins 32.4% 33.6% 31.5%Start-up costs 63 37 — As Adjusted - Non GAAP 12,510 10,663 10,523 As Adjusted - Non GAAP Margins 32.6% 33.7% 31.5% Weighing Solutions Adjusted net revenues - Non GAAP (a) 26,923 27,538 30,349 As reported - GAAP 9,243 11,110 11,325 As reported - GAAP Margins 37.6% 40.3% 37.3%Start-up costs 78 — — As Adjusted - Non GAAP 9,321 11,110 11,325 As Adjusted - Non GAAP Margins 34.6% 40.3% 37.3% Measurement Systems Net revenues 22,121 20,566 20,169 As reported - GAAP 12,491 10,389 10,591 As reported - GAAP Margins 56.5% 50.5% 52.5%Acquisition purchase accounting adjustments — 111 — As Adjusted - Non GAAP 12,491 10,500 10,591 As Adjusted - Non GAAP Margins 56.5% 51.1% 52.5% (a) Adjusted net revenues for Weighing solutions segment for the scal quarter ended October 3, 2026 exclude $2.3 million related to tari refundsexpected to be passed through to customers. VISHAY PRECISION GROUP, INC. Reconciliation of Adjusted EBITDA (Unaudited - In thousands) Fiscal Quarter Ended October 3, 2026 September 27, 2025 July 4, 2026 Net earnings (loss) attributable to VPG stockholders $ 559 $ 7,858 $ (1,720)Interest Expense 272 425 345 Income tax expense (bene t) 2,053 1,961 (148)Depreciation 3,214 3,003 3,093 Amortization 982 986 984 Restructuring costs 275 214 773 Severance cost 391 — 196 Start-up costs (a) 141 37 — Acquisition purchase accounting adjustments (b) — 111 — Share-based compensation cost (c) 730 490 718 Foreign currency exchange (gain) loss (414) 101 1,244 Gain on asset held for sale (d) — (5,544) — ADJUSTED EBITDA $ 8,203 $ 9,642 $ 5,485 ADJUSTED EBITDA MARGIN (e) 9.4% 12.1% 6.5% (a) Start-up costs following manufacturing relocations(b) Nokra GmbH acquisition(c) Share-based compensation cost excluded for non-GAAP results, beginning in scal 2026, with prior period comparability(d) Gain on Sale of Manufacturing Facility in Kent, Washington(e) Based on Adjusted Revenue 12
Page 13
Source: Vishay Precision Group 13