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.

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Type
Public
HQ
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

Michael Dean

President and CEO
Paul Tomkins

Paul Tomkins

Senior Vice President and Chief Financial Officer
Nancy Avedissian

Nancy Avedissian

Senior Vice President, General Counsel and Corporate Secretary
Kevin Hannon

Kevin Hannon

Vice President and Treasurer
Ann Hollins

Ann Hollins

Senior Vice President and Chief Human Resources Officer
Lenny Naujokas

Lenny Naujokas

Chief Accounting Officer and Controller

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
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.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

2 b1.7 b1.5 b1.3 b1.2 b

Revenue growth, %

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

Cost of goods sold

1.7 b1.5 b1.3 b1.1 b1 b

Gross profit

295.8 m258.5 m226.7 m202.5 m187.4 m
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018

Revenue

383.1 m385.2 m364.7 m326.8 m335.4 m330.5 m313 m303 m289.9 m253.3 m

Cost of goods sold

330.4 m325 m308.4 m281 m283.7 m281.8 m266.1 m255.9 m244.2 m217.3 m

Gross profit

52.6 m60.2 m56.3 m45.9 m51.7 m48.7 m46.9 m47.1 m45.7 m36 m

Gross profit Margin, %

14%16%15%14%15%15%15%16%16%14%
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017

Net Income

(19 m)(24.6 m)(14.6 m)27.1 m

Depreciation and Amortization

9.3 m6.8 m6 m8 m

Inventories

Accounts Payable

1 m(13 m)(6.7 m)4.5 m
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 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 m3.4 m5.1 m1.5 m3.1 m4.5 m1.4 m3.4 m5.6 m1.9 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 m8 m(7.9 m)

Cash From Operating Activities

18 m(504 k)14.1 m12.6 m2.5 m(1.3 m)16.9 m11.8 m(3 m)18 m
USDY, 2018

Financial Leverage

4 x
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Volt Information Sciences Operating Metrics

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

Locations

150 110 100 100
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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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