Vishay Precision Group
29 named things its latest annual report says its results depend on, each in the company's own words. 15 of them are also named by other companies we've read.
Customers
Steel industry
earns fromnamed as a riskThe nature of our measurement systems business segments, and in particular, the products and systems manufactured for the steel industry, may therefore result in substantial fluctuations in our operating results, including revenues and profitability, from period to period, even though there has been no fundamental change in our business or its prospects.Risk factors (Item 1A)
U.S. government
earns fromOur Pacific Instruments business offers a broad range of high performance signal conditioning, data acquisition and control systems, many of which reach customers outside our traditional commercial customer base, such as U.S. government-related customers.Business (Item 1)
Also named by ADI, AIR, APH, ASTS, ATI, AVAV, AWK, BA and 46 more
Consumer end markets
earns fromStrain gage products are sold across several of our market sectors, with a significant portion being sold to consumer end markets.Business (Item 1)
Suppliers
Single-source specialized sensor materials vendor
depends onnamed as a riskSome of the most highly specialized materials for our sensors are sourced from a single vendor.Business (Item 1)
Partners and platforms
Vishay Intertechnology
depends onnamed as a riskOur use of the Vishay mark is governed by an agreement between us and Vishay Intertechnology, giving us a perpetual, royalty-free, worldwide license for the use of the mark.Risk factors (Item 1A)
Other companies
Competitors
ABB
competes withIn the Measurement Systems segment, we compete with ABB, IMS and Fuji in the steel market and Kistler for data acquisition systems.Business (Item 1)
Vishay Intertechnology
competes withExamples of competition in our Sensors segment includes KOA, Bourns, Vishay Intertechnology, TT Electronics, Susumu, Isabellenhute, Caddock and Flat Dashi for foil resistors and HBK, an operating company of Spectris, Tokyo Sokki Kenkyujo Co., Ltd (TML), Kyowa and Zemic for strain gages.Business (Item 1)
HBK (Spectris)
competes withCompetitors in our Weighing Solutions segment include HBK, Zemic, and Utilcell for load cell products, Air-Weigh and Vehicle Weighing Systems for onboard weighing products.Business (Item 1)
Zemic
competes withCompetitors in our Weighing Solutions segment include HBK, Zemic, and Utilcell for load cell products, Air-Weigh and Vehicle Weighing Systems for onboard weighing products.Business (Item 1)
Kistler
competes withIn the Measurement Systems segment, we compete with ABB, IMS and Fuji in the steel market and Kistler for data acquisition systems.Business (Item 1)
KOA
competes withExamples of competition in our Sensors segment includes KOA, Bourns, Vishay Intertechnology, TT Electronics, Susumu, Isabellenhute, Caddock and Flat Dashi for foil resistors and HBK, an operating company of Spectris, Tokyo Sokki Kenkyujo Co., Ltd (TML), Kyowa and Zemic for strain gages.Business (Item 1)
Places
Non-U.S. subsidiaries cash
concentrated in · 91%named as a riskAs of December 31, 2025, 91% of our cash and cash equivalents and short-term investments were held by subsidiaries outside of the United States.Risk factors (Item 1A)
Also named by HON
India
operates innamed as a riskOur strategy is aimed at achieving significant production cost savings through the transfer and expansion of manufacturing operations to and in countries in which we have existing capacity, as well as countries with lower production costs or other benefits, such as India.Risk factors (Item 1A)
Also named by A, AAPL, ACN, AJG, AKAM, AMZN, AOS, AVGO and 54 more
Commodities and inputs
Metallic foil alloys
exposed to its price · $1.1 millionnamed as a riskCertain metals used in the manufacture of our products are traded on active markets, and can be subject to significant price volatility and sourcing challenges.Risk factors (Item 1A)
Raw materials subject to commodity price risk
exposed to its price · $1.1 millionnamed as a riskWe estimate that a 10% increase or decrease in the costs of raw materials subject to commodity price risk would decrease or increase our net earnings by $1.1 million and $1.0 million for the years ended December 31, 2025 and December 31, 2024, respectively, assuming that such changes in our costs have no impact on the selling prices of our products, and that we have no pending commitments to purchase metals at fixed prices.Market risk (Item 7A)
Indian rupee
exposed to its pricenamed as a riskOur exposure to foreign currency risk, with respect to expenses, is more pronounced in Israel and India because the percentage of expenses denominated in Israeli shekels and Indian rupee to total expenses is much greater than the percentage of sales denominated in Israeli shekels and Indian rupee to total sales.Market risk (Item 7A)
Also named by ACN, ADBE, AJG, AVY, BEN, CIEN, CTSH, EEFT and 11 more
Israeli shekel
exposed to its pricenamed as a riskTherefore, if the Israeli shekel and Indian rupee strengthen against all or most of our other major currencies, our operating profit is reduced.Market risk (Item 7A)
Regulators
U.S. Defense Logistics Agency (DLA)
subject tonamed as a riskWe have qualified certain of our foil resistor products under various military specifications approved and monitored by the DLA, and under certain European military specifications, and various aerospace standards approved by NASA and the ESA.Risk factors (Item 1A)
Also named by RBA
International Organization of Legal Metrology (OIML)
subject tonamed as a riskCertain of our force sensor products are approved by the NTEP and OIML.Risk factors (Item 1A)
Laws and programs
U.S. tariffs on imports
subject tonamed as a riskSignificant current or future tariffs or other restrictions which are placed on Indian, Chinese, European, Canadian or Israeli imports to the United States, or any related countermeasures which are taken by the countries involved, may materially harm our revenues and results of operations.Risk factors (Item 1A)
Also named by AAP, ABT, ALLY, ATR, AZO, BBW, BWA, CMG and 19 more
SEC conflict minerals rule
subject tonamed as a riskWe use raw materials that are subject to conflict minerals rules.Risk factors (Item 1A)
National Type Evaluation Program (NTEP)
subject tonamed as a riskCertain of our force sensor products are approved by the NTEP and OIML.Risk factors (Item 1A)
U.S. export control regulations
subject tonamed as a riskIn 2022, we determined that certain export shipments of products from one of our subsidiaries did not comply with the filing requirements of U.S. export administration and foreign trade regulations, and we voluntarily self-disclosed such non-compliance to the U.S. federal government.Risk factors (Item 1A)
USTR Special 301 Report
named as a riskA number of countries in which we manufacture or do business in are identified in the report as being on the Priority Watch List, such as China and India, or the Watch List, such as Canada and Mexico.Risk factors (Item 1A)