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I would say the three-year model targets 8-10% compounded annual organic growth, Sensors and Measurement Systems above, Weighing Solutions below — a favorable mix shift, at this point in time. Gross margin 38.9% toward 46.5%, operating 0.4% toward 14.5-15.5%. About $5 million new annual cost against $20 million-plus reductions over three years, up to 50% incremental EBITDA flow-through. Model rests on a conservative 2025 baseline, limited visibility, assumes linear path. We still have to earn it.

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VPG / The new three-year operating model - a step-up we still have to earn