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Here are 1-3 brief analogies for Vishay Precision Group (VPG):

• The Mettler Toledo for high-precision industrial weighing systems and specialized load cells.
• Like Analog Devices, but hyper-focused on ultra-precision resistive components and sensors for critical measurement applications.
• A specialized Honeywell or TE Connectivity, dedicated to advanced precision sensors and measurement solutions for B2B industrial applications.

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• Precision Foil Resistors and Sensors: High-precision electrical components used for accurate current and voltage measurement in demanding applications.
• Load Cells: Devices that convert mechanical force into measurable electrical signals, primarily used in industrial weighing and force measurement systems.
• Strain Gages: Sensors that measure the deformation or strain of an object when subjected to an external force, critical for structural analysis and material testing.
• Weighing and Control Systems: Integrated solutions for industrial weighing, process control, and material handling, often incorporating load cells and data acquisition.
• Data Acquisition Systems: Hardware and software solutions designed to collect, process, and analyze data from various sensors for testing and monitoring applications.

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Vishay Precision Group (symbol: VPG) primarily sells its products and solutions to other companies (Business-to-Business, B2B) rather than directly to individuals. VPG manufactures and supplies precision sensors, weighing solutions, and measurement systems that are integrated into a wide array of products and processes.

Due to the diversified nature of its customer base and the proprietary relationships inherent in industrial supply chains, VPG does not publicly disclose the specific names of its major customer companies in its financial filings, unless a single customer represents a significant portion (typically 10% or more) of its revenue, which is not usually the case for VPG.

Instead, VPG serves a broad range of companies across various industries globally. These are the *types* of companies that constitute VPG's customer base:

• Industrial Companies: Manufacturers in sectors such as automation, process control, heavy industrial applications, quality assurance, and factory equipment benefit from VPG's sensors and measurement solutions. This includes companies involved in material handling, force measurement, and specialized manufacturing.
• Medical Device Manufacturers: Companies developing and producing advanced medical diagnostic equipment, patient monitoring systems, therapeutic devices, and laboratory instruments often integrate VPG's high-precision sensors for critical and reliable measurements.
• Aerospace & Defense Contractors: Firms involved in aircraft manufacturing, space exploration, and defense systems utilize VPG's specialized sensors and strain gauges for structural testing, stress analysis, and performance monitoring in demanding environments.
• Test & Measurement Equipment Providers: Companies that design and manufacture sophisticated test and measurement instruments, data acquisition systems, and calibration standards for research & development, production, and quality control across diverse sectors.
• Commercial Weighing System Integrators: Businesses that build and install industrial scales, retail scales, truck scales, and other advanced weighing systems for logistics, inventory management, and transaction applications, utilizing VPG's load cells and weighing indicators.

As specific customer names are not publicly available, their corresponding stock symbols cannot be provided.

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Ziv Shoshani, Chief Executive Officer and President

Mr. Shoshani has served as Chief Executive Officer and President since Vishay Precision Group's spin-off as an independent public company in July 2010. Prior to this, he was Chief Operating Officer of Vishay Intertechnology from 2007 to 2009 and Deputy Chief Operating Officer in 2006. From 2000 to 2009, he served as Executive Vice President of Vishay Intertechnology, with responsibilities for the Capacitors and Resistors businesses, and heading the Measurements Group and Foil Divisions. Mr. Shoshani was employed by Vishay Intertechnology since 1995 and is a nephew of Dr. Felix Zandman, the founder of Vishay Intertechnology.

William M. Clancy, Executive Vice President and Chief Financial Officer

Mr. Clancy is the Executive Vice President and Chief Financial Officer. He previously held the position of Corporate Controller of Vishay Intertechnology from 1993 until 2009. He became a Vice President of Vishay Intertechnology in 2001 and a Senior Vice President in 2005. Mr. Clancy also served as Corporate Secretary of Vishay Intertechnology from 2006 to 2009 and as the principal accounting officer of Siliconix from 2000 to 2005, during the period Vishay Intertechnology acquired a noncontrolling interest in Siliconix. He has been employed by Vishay Intertechnology since 1988 and is a licensed CPA.

Yair Alcobi, Chief Business and Product Officer

Mr. Alcobi was appointed Chief Business and Product Officer in November 2025. He is responsible for overseeing sales, marketing, product strategy, and business development. Mr. Alcobi brings over 25 years of senior-level management experience from both private and public industrial technology businesses. His previous leadership roles include serving as President of the PCB Division at KLA Corporation (formerly Orbotech) and President of Orbotech's East Asia Subsidiary, and he also worked at Kulicke & Soffa. He holds a BSc in Mechanical Engineering and an Executive MBA.

Rafi Ouzan, Chief Operating Officer

Mr. Ouzan was promoted to Chief Operating Officer in November 2025. He oversees the company's operations, quality, and supply chain optimization across all manufacturing sites. With over three decades of management experience, Mr. Ouzan previously served as Senior Vice President and Division Head of Weighing Solutions at VPG and held roles as VPG's Vice President of the Force Sensors Division, as well as various positions at Vishay Intertechnology. He holds a bachelor's degree in material engineering and an MBA.

Amir Tal, Executive Vice President and Chief Accounting Officer

Mr. Tal was appointed Executive Vice President and Chief Accounting Officer effective March 1, 2024. Prior to this role, he served as the Company's Senior Vice President and Chief Accounting Officer from 2020 to 2024, Senior Vice President, Finance from 2017 to 2020, and Vice President Operational Controller and Regional Controller Israel from 2010 to 2017. Mr. Tal holds a bachelor's degree in economics and business administration and an MBA.

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The key risks to Vishay Precision Group's (VPG) business are primarily linked to external economic factors and the highly competitive nature of its markets, alongside concentration in certain product lines.

1. Global Economic Slowdown and Cyclicality of End Markets: Vishay Precision Group's financial performance is significantly affected by global economic conditions and the cyclical nature of industrial capital expenditure. A slowdown in the global economy directly pressures VPG's core markets, leading to delayed or canceled industrial capital expenditure projects, which are vital for its high-value, long-cycle orders. This risk has materialized with revenue declines in segments such as Sensors and Measurement Systems due to weak industrial demand and macroeconomic volatility.
2. Intense Competition and the Imperative for Continuous Innovation: VPG operates in a highly competitive market focused on precision measurement and sensing technologies. The company faces ongoing challenges in maintaining its competitive advantage through superior product capability, quality, and innovation. Larger competitors can outspend VPG on research and development, and a failure to anticipate the direction of technological change or to develop and market new products in a timely fashion could result in a loss of customers and adverse effects on financial results.
3. Product and Revenue Concentration Risk: A significant portion of VPG's revenue is concentrated in specific product lines and segments. For instance, the Sensors segment is the largest revenue contributor, and it has experienced substantial year-over-year revenue decreases due to reduced demand for precision resistors in the Test and Measurement market. This reliance on particular product lines and markets makes VPG susceptible to revenue volatility if demand within these niches declines or shifts, as seen with the cyclical sensitivity of the Measurement Systems segment.

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The increasing adoption and technological maturity of fiber optic sensing solutions. While fiber optics is not a new technology, advancements in sensor design, data processing, and cost-effectiveness are enabling fiber optic sensors to penetrate industrial, aerospace, and structural health monitoring applications where high-precision strain, temperature, and pressure measurements are critical. Vishay Precision Group's core business relies heavily on foil strain gauges, load cells, and transducers that utilize resistive sensing principles. Fiber optic sensors offer distinct advantages in harsh environments (e.g., high temperature, corrosive, explosive), provide immunity to electromagnetic interference, and allow for distributed sensing over long distances without electrical power at the sensing point. As these advantages become more critical and the precision of fiber optic sensors improves to match or exceed resistive sensors in certain high-demand applications, they could displace VPG's traditional offerings and reduce demand for their core products.

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Vishay Precision Group (VPG) operates in several addressable markets related to its main products and services, which include resistive foil technology products (precision foil resistors, bulk metal foil resistors), sensors (strain gauges, load cells, precision sensors), and weighing solutions and systems.

Addressable Market Sizes for Vishay Precision Group's Main Products and Services:

Foil Resistors

• The global Metal Foil Precision Resistors market was estimated at USD 1,125.50 million in 2024 and is projected to reach USD 1,925.75 million by 2032, growing at a CAGR of 6.45% from 2025 to 2032. North America is identified as the fastest-growing region in this market, holding a 34.8% share.
• The global Bulk Metal Foil Resistor market was valued at approximately USD 247 million in 2024 and is forecast to reach USD 410 million by 2031, with a CAGR of 7.6%.

Strain Gauges

• The Global Strain Gauge Sensor Market Industry is projected to reach an estimated USD 6.44 Billion by 2035. The market value was USD 3.58 Billion in 2024, and it is anticipated to expand at a CAGR of 5.48% from 2025 to 2035.
• The North American region holds a majority share in the Strain Gauge Sensor Market, valued at USD 1.15 Billion in 2023 and expected to reach USD 1.85 Billion by 2032.

Load Cells

• The Global Load Cell Market Industry is projected to reach a market size of USD 3.31 Billion in 2024 and is anticipated to increase to USD 5.2 Billion by 2035, with a compound annual growth rate (CAGR) of 4.19% from 2025 to 2035.
• In 2025, the global Load Cells Market size is estimated to be USD 4286.9 million (approximately USD 4.29 billion).
• North America held the major market share for load cells, with a market size of USD 1586.15 million in 2025.
• Europe accounted for a market share of over 29% of the global load cell revenue, with a market size of USD 1243.20 million in 2025.
• The Asia Pacific region held a market share of around 24% of the global load cell revenue, with a market size of USD 1028.86 million in 2025.

Precision Sensors (General)

• The global high precision sensor market size was estimated at USD 18.7 billion in 2023 and is projected to reach USD 39.2 billion by 2032, growing at a CAGR of 8.7%.
• North America is expected to dominate the high precision sensor market, with a market size of approximately USD 5.6 billion in 2023, projected to reach USD 11.8 billion by 2032.
• The Asia Pacific high precision sensor market was estimated at approximately USD 6.2 billion in 2023 and is projected to reach USD 14.1 billion by 2032.
• The Europe high precision sensor market was estimated at approximately USD 4.9 billion in 2023 and is expected to reach USD 10.4 billion by 2032.
• The High precision Position Sensor market is expected to grow from USD 1.90 Billion in 2024 to USD 3.13 Billion by 2031.
• The High Precision Pressure Sensor Market size was valued at USD 5.27 Billion in 2024 and is expected to grow to USD 10.2 Billion by 2035.

Weighing Solutions and Systems

• The global Process Weighing System market is projected to reach a valuation of approximately USD 4.5 billion by 2033. North America holds the largest market share for Process Weighing Systems.
• The global Industrial Weighing Scales Market was valued at USD 2.84 Billion in 2024 and is anticipated to reach USD 4.59 Billion by 2032.
• Asia Pacific accounted for the largest market share in the global industrial weighing scales market at 34.4% in 2024.
• The global market for weighing systems is projected to reach USD 6.37 billion by 2033.

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Vishay Precision Group (VPG) is poised for future revenue growth over the next 2-3 years, driven by several strategic initiatives and market trends:

1. Growth in Core and High-Value Markets: VPG anticipates continued revenue expansion within its established Sensors and Weighing Solutions segments by capitalizing on growing demand in key areas. For the Sensors segment, this includes increased sales of precision resistors and strain gages in the Test and Measurement, Avionics, Military, and Space (AMS) markets, as well as the General Industrial market. The Weighing Solutions segment is expected to benefit from sustained demand in the Transportation market.

2. Expansion into New Applications and High-Growth Verticals: VPG is strategically expanding its presence into new high-value applications and industries. This includes broadening its portfolio to address opportunities in the automotive, consumer, medical, and precision agriculture markets. The company aims to leverage its advanced measurement technologies to ride key industrial trends across these sectors.

3. Strategic Acquisitions and New Product Development: Acquisitions play a role in expanding VPG's market reach and product offerings. The recent acquisition of Nokra, for instance, has broadened its product presence in the steel market. Furthermore, VPG is actively pursuing new product opportunities, evidenced by initial orders in the humanoid robotics sector, with expectations for additional business. New C-suite appointments for Chief Business and Product Officer and Chief Operating Officer underscore a commitment to ambitious product and growth strategies.

4. Focus on New Business Opportunities and Customer Acquisition: VPG has a strategic priority to drive business development and acquire new customers and applications. The company set a goal of $30 million in new orders from these initiatives for fiscal year 2025, having already secured $17 million in the first half of the year. This concerted effort to broaden its customer base and application funnel is a significant driver for future revenue growth.

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Share Repurchases

• In 2024, Vishay Precision Group repurchased 244,702 shares of its common stock under a stock repurchase plan that expired on August 9, 2024.
• A stock repurchase plan authorizing up to 600,000 shares was announced on August 8, 2022, and was set to expire on August 11, 2023. As of June 29, 2024, a cumulative total of 455,101 shares had been repurchased under this plan.

Share Issuance

• The 2022 Stock Incentive Plan allows for the issuance of up to 608,000 shares of common stock. As of September 27, 2025, 378,739 shares remained reserved for future grants of equity awards.

Outbound Investments

• In September 2024, Vishay Precision Group completed the acquisition of Nokra, which is anticipated to enhance its Measurement Systems segment.
• The company maintains a strategic acquisition strategy focused on acquiring high-value, technology-driven businesses to augment its existing offerings in precision measurement and sensor markets.

Capital Expenditures

• For 2025, projected capital expenditures are approximately $12.4 million, with a primary focus on capacity expansion in Israel and Asia.
• Capital expenditures for fiscal year 2024 amounted to $9.2 million, and the company is expanding manufacturing operations in cost-effective locations such as India, Japan, and Israel.
• In fiscal year 2023, capital expenditures totaled $15.2 million. Significant capital expenditures were also made in 2021 for the transition to a new state-of-the-art facility in Israel to support advanced sensors manufacturing technology, which became fully operational by the third quarter of that year.