Volt Information Sciences

Business Services Human Resources & Recruiting it consulting it staffing outsourcing recruiting

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.

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.

Revenue(FY, 2017)

$1.2 B

Market capitalization(2018-05-23)

$57.8 M

Type

Public

New York, US

Founded

1950

Size (employees)

21,300 (est)-17%

Website

volt.com

Volt Information Sciences was founded in 1950 and is headquartered in New York, US

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Key People/Management at Volt Information Sciences

Michael Dean

President and CEO

Paul Tomkins

Senior Vice President and Chief Financial Officer

Nancy Avedissian

Senior Vice President, General Counsel and Corporate Secretary

Kevin Hannon

Vice President and Treasurer

Ann Hollins

Senior Vice President and Chief Human Resources Officer

Lenny Naujokas

Chief Accounting Officer and Controller

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Volt Information Sciences Office Locations

Volt Information Sciences has offices in New York and Orange

New York, US (HQ)

1133 Avenue of the Americas

Orange, US

2401 N Glassell St

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Volt Information Sciences Financials and Metrics

Volt Information Sciences Financials

Volt Information Sciences's revenue was reported to be $1.19 b in FY, 2017

Summary

USD
Revenue (Q1, 2018)	253.3 m
Gross profit (Q1, 2018)	36 m
Gross profit margin (Q1, 2018), %	14.2%
Net income (Q1, 2018)	(10.7 m)
EBIT (Q1, 2018)	(11.4 m)
Market capitalization (23-May-2018)	57.8 m
Closing share price (23-May-2018)	2.8
Cash (28-Jan-2018)	53.9 m

Volt Information Sciences's current market capitalization is $57.8 m.

Source: SEC Filings

Income Statement

Annual

USD	FY, 2013	FY, 2014	FY, 2015	FY, 2016	FY, 2017
Revenue	2 b	1.7 b	1.5 b	1.3 b	1.2 b
Revenue growth, %	(7%)	(15%)	(12%)	(11%)
Cost of goods sold	1.7 b	1.5 b	1.3 b	1.1 b	1 b
Gross profit	295.8 m	258.5 m	226.7 m	202.5 m	187.4 m

Quarterly

USD	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017	Q3, 2017	Q1, 2018
Revenue	383.1 m	385.2 m	364.7 m	326.8 m	335.4 m	330.5 m	313 m	303 m	289.9 m	253.3 m
Cost of goods sold	330.4 m	325 m	308.4 m	281 m	283.7 m	281.8 m	266.1 m	255.9 m	244.2 m	217.3 m
Gross profit	52.6 m	60.2 m	56.3 m	45.9 m	51.7 m	48.7 m	46.9 m	47.1 m	45.7 m	36 m
Gross profit Margin, %	14%	16%	15%	14%	15%	15%	15%	16%	16%	14%

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Source: SEC Filings

Balance Sheet

Annual

USD	FY, 2013	FY, 2014	FY, 2015	FY, 2016	FY, 2017
Cash	9.8 m	9.1 m	10.2 m	6.4 m	37.1 m
Accounts Receivable	282.6 m	248.1 m	198.4 m	193.9 m
Current Assets	424.4 m	358.4 m	279.9 m	260.6 m	244.8 m
PP&E	32.5 m	26.3 m	24.1 m	30.1 m	29.1 m

Quarterly

USD	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017	Q3, 2017	Q1, 2018
Cash	14.8 m	7.2 m	13.4 m	16.5 m	23.2 m	12.9 m	19 m	20.7 m	16.4 m	53.9 m
Accounts Receivable	216.4 m	224.9 m	210.6 m	170.2 m	177.2 m	179.1 m	172.2 m	190.7 m	195.9 m
Current Assets	292.2 m	289.8 m	277.3 m	258.7 m	269.1 m	258.7 m	251.8 m	244.4 m	248.9 m	258.4 m
PP&E	25.7 m	24.8 m	22.8 m	26.3 m	24.2 m	27.8 m	33.1 m	32.9 m	31.9 m	27.5 m

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Cash Flow

Annual

USD	FY, 2014	FY, 2015	FY, 2016	FY, 2017
Net Income	(19 m)	(24.6 m)	(14.6 m)	27.1 m
Depreciation and Amortization	9.3 m	6.8 m	6 m	8 m
Inventories
Accounts Payable	1 m	(13 m)	(6.7 m)	4.5 m

Quarterly

USD	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017	Q3, 2017	Q1, 2018
Net Income	(13.3 m)	(20.2 m)	(24.4 m)	(11 m)	(12.7 m)	(17.4 m)	(4.6 m)	(5.4 m)	(10.9 m)	(10.7 m)
Depreciation and Amortization	1.8 m	3.4 m	5.1 m	1.5 m	3.1 m	4.5 m	1.4 m	3.4 m	5.6 m	1.9 m
Accounts Payable	(7.3 m)	(8.6 m)	(18.4 m)	(4.1 m)	(7.9 m)	(4.1 m)	(3.8 m)	6.7 m	8 m	(7.9 m)
Cash From Operating Activities	18 m	(504 k)	14.1 m	12.6 m	2.5 m	(1.3 m)	16.9 m	11.8 m	(3 m)	18 m

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Ratios

USD	Y, 2018
Financial Leverage	4 x

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Volt Information Sciences Operating Metrics

	FY, 2014	FY, 2015	FY, 2016	FY, 2017
Locations	150	110	100	100

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Volt Information Sciences Acquisitions / Subsidiaries

Acquired Company	Date	Deal 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.