Volt Information Sciences

OverviewSuggest Edit

Volt Information Sciences 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.

TypePublic
Founded1950
HQNew York, USMap
Websitevolt.com
Employee Ratings3More
View Jobs (3,198)

Recent NewsAll News

Latest Updates

Employees (est.) (Oct 2018)20,100(-5%)
Job Openings3,198
Revenue (FY, 2018)$1 B(-12%)
Share Price (Jun 2019)$4.3

Key People/Management at Volt Information Sciences

Linda Perneau

Linda Perneau

President and Chief Executive Officer
Paul Tomkins

Paul Tomkins

Senior Vice President and Chief Financial Officer
Nancy Avedissian

Nancy Avedissian

Senior Vice President, General Counsel and Corporate Secretary
Lori Schultz

Lori Schultz

Chief Operating Officer, Volt Workforce Solutions
Chris Kelly

Chris Kelly

Senior Vice President, Strategic Solutions
Lenny Naujokas

Lenny Naujokas

Chief Accounting Officer and Controller
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Volt Information Sciences Office Locations

Volt Information Sciences has offices in New York, Stockton, King of Prussia, Mendota Heights and in 18 other locations
New York, US (HQ)
5 Bryant Park, 1065 6th Ave
Boise, US
Boise, ID, USA
Broomfield, US
Broomfield, CO, USA
Cedar Falls, US
Cedar Falls, IA, USA
Chicago, US
Chicago, IL, USA
Elk Grove, US
Elk Grove, CA, USA
Show all (25)

Volt Information Sciences Financials and Metrics

Volt Information Sciences Revenue

Volt Information Sciences's revenue was reported to be $1.04 b in FY, 2018
USD

Revenue (FY, 2018)

1.0b

Gross profit (FY, 2018)

153.7m

Gross profit margin (FY, 2018), %

14.8%

Net income (FY, 2018)

(32.7m)

EBIT (FY, 2018)

(28.4m)

Market capitalization (10-Jun-2019)

91.0m

Closing stock price (10-Jun-2019)

4.3

Cash (28-Oct-2018)

24.8m
Volt Information Sciences's current market capitalization is $91 m.
Annual
USDFY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

2.2b2.1b1.7b1.5b1.3b1.2b1.0b

Revenue growth, %

(7%)(15%)(12%)(11%)(11%)

Cost of goods sold

1.5b1.1b1.0b885.5m

Gross profit

258.5m202.5m187.4m153.7m
Quarterly
USDQ1, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Revenue

437.1m383.1m385.2m364.7m326.8m335.4m330.5m313.0m303.0m289.9m253.3m263.2m257.8m

Cost of goods sold

330.4m325.0m283.7m281.8m266.1m255.9m244.2m217.3m225.9m221.4m

Gross profit

52.6m60.2m51.7m48.7m46.9m47.1m45.7m36.0m37.3m36.4m

Gross profit Margin, %

14%16%15%15%15%16%16%14%14%14%
show all
Annual
USDFY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

26.5m9.8m9.1m10.2m6.4m37.1m24.8m

Accounts Receivable

282.6m248.1m198.4m193.9m173.8m

Current Assets

469.4m424.4m358.4m279.9m260.6m244.8m204.5m

PP&E

39.1m32.5m26.3m24.1m30.1m29.1m24.4m
Quarterly
USDQ1, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Cash

13.4m14.8m7.2m13.4m16.5m23.2m12.9m19.0m20.7m16.4m53.9m34.2m29.9m

Accounts Receivable

216.4m224.9m210.6m170.2m177.2m179.1m172.2m190.7m195.9m150.5m

Current Assets

364.7m292.2m289.8m277.3m258.7m269.1m258.7m251.8m244.4m248.9m258.4m227.6m204.3m

PP&E

32.6m25.7m24.8m22.8m26.3m24.2m27.8m33.1m32.9m31.9m27.5m26.3m25.5m
show all
Annual
USDFY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

(13.6m)(30.9m)(19.0m)(24.6m)(14.6m)27.1m(32.7m)

Depreciation and Amortization

16.5m14.9m9.3m6.8m6.0m8.0m7.2m

Accounts Payable

(13.1m)(29.0m)1.0m(13.0m)(6.7m)4.5m(3.7m)

Cash From Operating Activities

(40.4m)(31.1m)35.6m43.3m(7.6m)4.6m(5.5m)
Quarterly
USDQ1, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Net Income

(17.1m)(13.3m)(20.2m)(24.4m)(11.0m)(12.7m)(17.4m)(4.6m)(5.4m)(10.9m)(10.7m)(18.4m)(29.8m)

Depreciation and Amortization

3.4m1.8m3.4m5.1m1.5m3.1m4.5m1.4m3.4m5.6m1.9m3.7m5.5m

Accounts Payable

(8.3m)(7.3m)(8.6m)(18.4m)(4.1m)(7.9m)(4.1m)(3.8m)6.7m8.0m(7.9m)3.2m(8.3m)

Cash From Operating Activities

22.7m18.0m(504.0k)14.1m12.6m2.5m(1.3m)16.9m11.8m(3.0m)18.0m276.0k(2.5m)
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USDY, 2018

Revenue/Employee

51.7k

Financial Leverage

4.7 x
Show all financial metrics

Volt Information Sciences Operating Metrics

FY, 2014FY, 2015FY, 2016FY, 2017

Locations

150 110 100 100
Show all operating metrics

Volt Information Sciences Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
14011 So. Normandie Ave. Realty Corp.
500 South Douglas Realty Corp.
Arctern Consulting Private Limited (2)
Arctern, Inc.
Century Reprographics
DataComp Corporation
DataServ, Incorporated
Fidelity National Credit Services Ltd.
Information Management Associates, Inc.
Nuco II, Ltd.
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Volt Information Sciences Revenue Breakdown

Embed Graph

Volt Information Sciences revenue breakdown by business segment: 76.5% from North American Staffing, 10.0% from International Staffing, 8.4% from Technology Outsourcing Services and Solutions and 5.1% from Corporate and Other

Volt Information Sciences revenue breakdown by geographic segment: 86.8% from Domestic and 13.2% from International, Principally Europe

Volt Information Sciences Online and Social Media Presence

Embed Graph

Volt Information Sciences Blogs

June 07, 2019

Volt Information Sciences to Present at the East Coast IDEAS Investor Conference

NEW YORK--(BUSINESS WIRE)-- Volt Information Sciences, Inc. (NYSE-AMERICAN: VISI), a global provider of staffing services, today announced that Linda Perneau, President and Chief Executive Officer, and Paul Tomkins, Senior Vice President and Chief Financial Officer, will…
June 05, 2019

Volt Information Sciences Reports Fiscal 2019 Second Quarter Financial Results

NEW YORK--(BUSINESS WIRE)-- Volt Information Sciences, Inc. (“Volt” or the “Company”) (NYSE-AMERICAN: VISI), an international provider of staffing services and managed service programs, today reported results for its fiscal 2019 second quarter and six months ended April …
May 23, 2019

Volt Information Sciences to Host Second Quarter 2019 Earnings Conference Call on Wednesday, June 5th

NEW YORK--(BUSINESS WIRE)-- Volt Information Sciences, Inc. (NYSE-AMERICAN:VISI) today announced that it will release its second quarter fiscal 2019 results on Wednesday, June 5th after the market close. Linda Perneau, President and Chief Executive Officer, and Paul Tomk…
May 02, 2019

Volt Information Sciences Announces Appointment of William J. Grubbs as Chairman of Board and Election of Celia Brown as an Independent Director

NEW YORK--(BUSINESS WIRE)-- Volt Information Sciences, Inc. (“Volt” or the “Company”) (NYSE-AMERICAN:VISI), an international provider of staffing services and managed service programs, today announced that immediately following its 2019 Annual Meeting of Shareholders, Wi…
March 13, 2019

Volt Information Sciences Announces Participation at Upcoming Investor Conferences

NEW YORK--(BUSINESS WIRE)-- Volt Information Sciences, Inc. (NYSE-AMERICAN:VISI) today announced that Linda Perneau, President and Chief Executive Officer, and Paul Tomkins, Senior Vice President and Chief Financial Officer, will participate at the following upcoming inv…
March 06, 2019

Volt Information Sciences Reports Fiscal 2019 First Quarter Financial Results

Company Achieves Year-Over-Year Revenue Growth and Significant Improvements in Operating Results Led by the Strength of the North American Staffing Segment NEW YORK--(BUSINESS WIRE)-- Volt Information Sciences, Inc. (“Volt” or “the Company”) (NYSE-AMER…
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 Volt Information Sciences Frequently Asked Questions

  • When was Volt Information Sciences founded?

    Volt Information Sciences was founded in 1950.

  • Who are Volt Information Sciences key executives?

    Volt Information Sciences's key executives are Linda Perneau, Paul Tomkins and Nancy Avedissian.

  • How many employees does Volt Information Sciences have?

    Volt Information Sciences has 20,100 employees.

  • What is Volt Information Sciences revenue?

    Latest Volt Information Sciences annual revenue is $1 b.

  • What is Volt Information Sciences revenue per employee?

    Latest Volt Information Sciences revenue per employee is $51.7 k.

  • Who are Volt Information Sciences competitors?

    Competitors of Volt Information Sciences include ManpowerGroup, Aon and 51job.

  • Where is Volt Information Sciences headquarters?

    Volt Information Sciences headquarters is located at 5 Bryant Park, 1065 6th Ave, New York.

  • Where are Volt Information Sciences offices?

    Volt Information Sciences has offices in New York, Stockton, King of Prussia, Mendota Heights and in 18 other locations.

  • How many offices does Volt Information Sciences have?

    Volt Information Sciences has 25 offices.

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