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Vishay Precision Group Inc

For the period ended Jun 29, 2024. Filed Aug 6, 2024.

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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Jun 29, 2024 · Filed Aug 6, 2024

VPG$44.21+7.3%Stored close · as of Nov 6, 2026
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

(Mark One)

☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended June 29, 2024

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from _____ to _____

Commission File Number 1-34679

(Exact name of registrant as specified in its charter)

Delaware27-0986328
(State or Other Jurisdiction of Incorporation)(I.R.S. Employer Identification Number)
Malvern, PA, 19355484-321-5300
(Address of Principal Executive Offices) (Zip Code)(Registrant’s Telephone Number, including area code)

Securities registered pursuant to Section 12(b) of the Act:

Title of each classTrading Symbol(s)Name of each exchange on which registered
Common stock, $0.10 par valueVPGNew York Stock Exchange

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. ý Yes ¨ No

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (section 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files. ý Yes ¨ No

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer”, “accelerated filer”, “smaller reporting company”, and "emerging growth company" in Rule 12b-2 of the Exchange Act.

Large accelerated filer¨Accelerated filerý
Non-accelerated filer¨Smaller reporting company☐
Emerging growth company☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).☐ Yesý No

As of August 6, 2024, the registrant had 12,232,016 shares of its common stock and 1,022,887 shares of its Class B convertible common stock outstanding.

FORM 10-Q

June 29, 2024

CONTENTS

Page Number
PART I. · FINANCIAL INFORMATION
Item 1. · Financial Statements
Consolidated Condensed Balance Sheets– June 29, 2024 (Unaudited) and December 31, 20233
Consolidated Condensed Statements of Operations(Unaudited) – Fiscal Quarters Ended June 29, 2024 and July 1, 20235
Consolidated Condensed Statements of Operations(Unaudited) – Six Fiscal Months Ended June 29, 2024 and July 1, 20236
Consolidated Condensed Statements of Comprehensive Income (Loss)(Unaudited) – Fiscal Quarters Ended June 29, 2024 and July 1, 20237
Consolidated Condensed Statements of Comprehensive Income (Loss)(Unaudited) – Six Fiscal Months Ended June 29, 2024 and July 1, 20238
Consolidated Condensed Statements of Cash Flows(Unaudited) –Six Fiscal Months Ended June 29, 2024 and July 1, 20239
Consolidated Condensed Statements of Equity(Unaudited) – Fiscal Quarters Ended June 29, 2024 and July 1, 202310
Consolidated Condensed Statements of Equity(Unaudited) – Six Fiscal Months Ended June 29, 2024 and July 1, 202311
Notes to Unaudited Consolidated Condensed Financial Statements12
Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations23
Item 3.Quantitative and Qualitative Disclosures About Market Risk39
Item 4.Controls and Procedures39
PART II.OTHER INFORMATION
Item 1.Legal Proceedings40
Item 1A.Risk Factors40
Item 2.Unregistered Sales of Equity Securities and Use of Proceeds40
Item 3.Defaults Upon Senior Securities40
Item 4.Mine Safety Disclosures40
Item 5.Other Information40
Item 6.Exhibits41
SIGNATURES42

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