Vishay Precision Group reported net earnings attributable to VPG stockholders of $0.3 million, or $0.02 per diluted share, for the second fiscal quarter ended June 28, 2025. This compares to net earnings of $4.6 million, or $0.34 per diluted share, in the prior year's comparable period. Adjusted net earnings were $2.3 million, or $0.17 per adjusted diluted net earnings per share.
Net revenues for the quarter were $75.2 million, representing a 4.8% sequential increase from the first fiscal quarter of 2025. Total orders reached $79.9 million, growing 7.5% sequentially, marking the third consecutive quarter of order growth. This resulted in a book-to-bill ratio of 1.06, with Measurement Systems and Sensors segments recording ratios of 1.20 and 1.12, respectively.
The Weighing Solutions segment achieved a record quarterly adjusted gross margin of 40.2%, with revenue increasing 7.2% year-over-year to $29.4 million. Sensors segment revenue was $26.6 million, down 8.0% year-over-year, with an adjusted gross margin of 32.2%. Measurement Systems revenue was $19.2 million, down 8.9% year-over-year, with a gross profit margin of 54.6%.
In July 2025, VPG completed the sale of a building, generating $10.8 million in net proceeds which were used to pay down outstanding bank revolver debt. This action is expected to save approximately $700,000 in annual interest expense. The company's adjusted gross margin, adjusted operating margin, and adjusted EBITDA improved sequentially despite a $500 thousand negative impact from tariffs.
For the third fiscal quarter of 2025, VPG expects net revenues to be in the range of $73 million to $81 million. The company continues to pursue cost reduction programs, targeting at least $5 million in fixed cost savings for the full year 2025. Management anticipates a significant drop-through of incremental revenue to pretax levels as volumes rebound.
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