Volt Information Sciences, Inc. is a global provider of staffing services and information technology infrastructure services. The Company's staffing services consist of workforce solutions that include providing contingent workers, personnel recruitment services, and managed staffing services programs supporting primarily light industrial, professional administration, technical, information technology and engineering positions. Its technology outsourcing services provide pre- and post- production development support, testing, and customer support to companies in the mobile, gaming, and technology devices industries. Volt's managed service programs consist of managing the procurement and on-boarding of contingent workers from multiple providers.
The Company's information technology infrastructure services provide server, storage, network and desktop IT hardware maintenance, data center and network monitoring and operations. Its complementary businesses offer customized talent, technology and consulting solutions to a diverse client base. Volt services global industries including aerospace, automotive, banking and finance, consumer electronics, information technology, insurance, life sciences, manufacturing, media and entertainment, pharmaceutical, software, telecommunications, transportation, and utilities.
Company Growth (employees)
Volt Information Sciences Office Locations
Volt Information Sciences Data and Metrics
Volt Information Sciences Financial Metrics
Revenue (Q2, 2017) | 303 m |
Gross profit (Q2, 2017) | 47.1 m |
Gross profit margin (Q2, 2017), % | 16% |
Net income (Q2, 2017) | (854 k) |
EBIT (Q2, 2017) | (603 k) |
Market capitalization (17-Aug-2017) | 65.9 m |
Cash (30-Apr-2017) | 20.7 m |
| USD | Y, 2012 | FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016 |
|---|---|---|---|---|---|
Revenue | 2.2 b | 2.1 b | 1.7 b | 1.5 b | 1.3 b |
Revenue growth, % | (7%) | (18%) | (12%) | (11%) | |
Cost of goods sold | 284.7 m | ||||
Gross profit | 1.1 b | ||||
Gross profit Margin, % | 79% | ||||
Operating expense total | 2.3 b | 423.6 m | 362.3 m | 52.2 m | |
EBIT | (7.4 m) | (28.6 m) | 4.8 m | (12.8 m) | 4.7 m |
EBIT margin, % | (0%) | (1%) | 0% | (1%) | 0% |
Interest expense | (2.9 m) | 795 k | 811 k | 830 k | |
Interest income | 592 k | 18 k | 74 k | 17 k | |
Pre tax profit | (11.2 m) | 5.7 m | 1.5 m | 2.9 m | |
Income tax expense | 2.4 m | 1.2 m | 1.4 m | 138 k | |
Net Income | (13.6 m) | (30.9 m) | (19 m) | (24.6 m) | (14.6 m) |
| USD | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 |
|---|---|---|---|---|---|---|---|---|---|
Revenue | 437 m | 383.1 m | 385.2 m | 364.7 m | 326.8 m | 335.4 m | 330.5 m | 313 m | 303 m |
Cost of goods sold | 266.1 m | 255.9 m | |||||||
Gross profit | 46.9 m | 47.1 m | |||||||
Gross profit Margin, % | 15% | 16% | |||||||
EBIT | 1.3 m | (7.3 m) | (4.1 m) | (3.1 m) | (9.8 m) | 1.2 m | (2 m) | (2.6 m) | (603 k) |
EBIT margin, % | 0% | (2%) | (1%) | (1%) | (3%) | 0% | (1%) | (1%) | (0%) |
Interest income | (787 k) | (634 k) | (730 k) | (571 k) | (658 k) | (862 k) | (826 k) | (858 k) | (891 k) |
Pre tax profit | 110 k | (7.4 m) | (6.4 m) | (2.8 m) | (10.4 m) | (694 k) | (4.2 m) | (4 m) | (1.6 m) |
Net Income | (480 k) | (13.3 m) | (6.9 m) | (4.1 m) | (11 m) | (1.8 m) | (4.6 m) | (4.6 m) | (854 k) |
| USD | FY, 2012 | FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016 |
|---|---|---|---|---|---|
Cash | 26.5 m | 11.1 m | 9.1 m | 10.2 m | 6.4 m |
Current Assets | 469.4 m | 410.4 m | 358.4 m | 279.9 m | 260.6 m |
PP&E | 39.1 m | 37.3 m | 26.3 m | 24.1 m | 30.1 m |
Goodwill | 6.4 m | 5.1 m | |||
Total Assets | 557.6 m | 500.3 m | 424.3 m | 326.8 m | 316.5 m |
Accounts Payable | 86.5 m | 57.2 m | 55.9 m | 39.2 m | 32.4 m |
Current Liabilities | 379 m | 355.7 m | 305.3 m | 135.8 m | 126.5 m |
Total Liabilities | 267.5 m | ||||
Additional Paid-in Capital | 71.6 m | 72 m | 73.2 m | 75.8 m | 76.6 m |
Retained Earnings | 113.8 m | 83 m | 64.1 m | 38 m | 21 m |
Total Equity | 143.1 m | 110.2 m | 64.5 m | 49 m | |
Financial Leverage | 3.9 x | 4.5 x | 5.1 x | 6.5 x |
| USD | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 |
|---|---|---|---|---|---|---|---|---|---|
Cash | 10.4 m | 14.8 m | 7.2 m | 13.4 m | 16.5 m | 23.2 m | 12.9 m | 19 m | 20.7 m |
Current Assets | 356.9 m | 292.2 m | 289.8 m | 277.3 m | 258.7 m | 269.1 m | 258.7 m | 251.8 m | 244.4 m |
PP&E | 29.9 m | 25.7 m | 24.8 m | 22.8 m | 26.3 m | 24.2 m | 27.8 m | 33.1 m | 32.9 m |
Total Assets | 433.7 m | 364.7 m | 360.3 m | 342.5 m | 308.6 m | 317.9 m | 312 m | 310 m | 302.8 m |
Accounts Payable | 53.1 m | 48.3 m | 44.8 m | 35.2 m | 35.1 m | 31.3 m | 35.1 m | 28.6 m | 39.3 m |
Current Liabilities | 309.2 m | 259.3 m | 264.2 m | 252 m | 230.9 m | 218.6 m | 216.7 m | 218.2 m | 214.1 m |
Additional Paid-in Capital | 72.4 m | 73.7 m | 74.3 m | 75.5 m | 75.6 m | 75.5 m | 75.9 m | 77.2 m | 77.7 m |
Retained Earnings | 62.2 m | 50.8 m | 44 m | 38.3 m | 26.4 m | 24.6 m | 18.7 m | 16.4 m | 15.3 m |
Total Equity | 91.7 m | 77.4 m | 68.5 m | 64.8 m | 51.2 m | 52.1 m | 46.8 m | 45.5 m | 45.9 m |
Financial Leverage | 4.7 x | 4.7 x | 5.3 x | 5.3 x | 6 x | 6.1 x | 6.7 x | 6.8 x | 6.6 x |
| USD | FY, 2012 | FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016 |
|---|---|---|---|---|---|
Net Income | (13.6 m) | 1.6 m | (19 m) | (24.6 m) | (14.6 m) |
Depreciation and Amortization | 16.5 m | 3.6 m | 9.3 m | 6.8 m | 6 m |
Accounts Receivable | (15 m) | (7.2 m) | 34.7 m | 29.9 m | 5 m |
Accounts Payable | (13.1 m) | 561 k | 1 m | (13 m) | (6.7 m) |
Cash From Operating Activities | (40.4 m) | (9 m) | 35.6 m | 43.3 m | (7.6 m) |
Purchases of PP&E | (13.7 m) | (4.7 m) | (5.3 m) | (8.6 m) | (17.6 m) |
Cash From Investing Activities | (7.6 m) | (4.4 m) | (1.3 m) | (7.4 m) | 18.8 m |
Short-term Borrowings | 32.5 m | 2.4 m | (38.6 m) | ||
Long-term Borrowings | (708 k) | (265 k) | (839 k) | (832 k) | (7.3 m) |
Cash From Financing Activities | 30.4 m | 1.5 m | (18.1 m) | (24.1 m) | (11.4 m) |
Interest Paid | 3.3 m | ||||
Income Taxes Paid | (238 k) | (1.2 m) | (2.7 m) | 1.1 m | (1.7 m) |
| USD | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 |
|---|---|---|---|---|---|---|---|---|---|
Net Income | (480 k) | (13.3 m) | (6.9 m) | (4.1 m) | (11 m) | (1.8 m) | (4.6 m) | (4.6 m) | (854 k) |
Accounts Payable | 35.2 m | 35.1 m | 31.3 m | 35.1 m | 28.6 m | 39.3 m |
| Y, 2017 | |
|---|---|
Financial Leverage | 6.6 x |
