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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
HQUniondale, USMap
Websitevolt.com
Employee Ratings3.3More
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Latest Updates

Employees (est.) (Nov 2019)1,200(-20%)
Revenue (FY, 2019)$997.1 M(-4%)
Share Price (Jul 2020)$1.3 (-2%)
Cybersecurity ratingCMore

Key People/Management at Volt Information Sciences

Linda Perneau

Linda Perneau

President, Chief Executive Officer & Director
Nick S. Cyprus

Nick S. Cyprus

Director
Herb Mueller

Herb Mueller

Senior Vice President and Chief Financial Officer
Bruce G. Goodman

Bruce G. Goodman

Director
Nancy Avedissian

Nancy Avedissian

Senior Vice President, Chief Legal Officer and Corporate Secretary
Arnold Ursaner

Arnold Ursaner

Director
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Volt Information Sciences Office Locations

Volt Information Sciences has offices in Uniondale, Albuquerque, Atlanta, Auburn and in 58 other locations
Uniondale, US (HQ)
50 Charles Lindbergh Blvd #206
Albuquerque, US
4041 Jefferson Plaza NE #125
Atlanta, US
1117 Perimeter Center W Suite E-402
Auburn, US
1002 15th St SW #212
Austin, US
9601 Amberglen Blvd #120
Bakersfield, US
4560 California Ave #100
Show all (64)

Volt Information Sciences Financials and Metrics

Volt Information Sciences Revenue

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Volt Information Sciences's revenue was reported to be $997.09 m in FY, 2019 which is a 4% decrease from the previous period.
USD

Revenue (Q2, 2020)

207.3m

Gross profit (Q2, 2020)

32.2m

Gross profit margin (Q2, 2020), %

15.6%

Net income (Q2, 2020)

(5.4m)

EBIT (Q2, 2020)

(4.4m)

Market capitalization (8-Jul-2020)

26.8m

Closing stock price (8-Jul-2020)

1.3

Cash (3-May-2020)

26.2m

EV

107.6m
Volt Information Sciences's current market capitalization is $26.8 m.
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019

Revenue

1.3b1.2b1.0b997.1m

Revenue growth, %

(11%)(11%)(13%)(4%)

Cost of goods sold

1.1b1.0b885.5m844.5m

Gross profit

202.5m187.4m153.7m152.6m
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Revenue

313.0m303.0m289.9m253.3m263.2m257.8m253.4m252.1m233.2m217.8m207.3m

Cost of goods sold

266.1m255.9m244.2m217.3m225.9m221.4m215.7m215.8m197.5m186.3m175.0m

Gross profit

46.9m47.1m45.7m36.0m37.3m36.4m37.7m36.3m35.6m31.4m32.2m

Gross profit Margin, %

15%16%16%14%14%14%15%14%15%14%16%
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Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019

Cash

6.4m37.1m24.8m28.7m

Accounts Receivable

193.9m173.8m157.4m136.0m

Current Assets

260.6m244.8m204.5m184.7m

PP&E

30.1m29.1m24.4m25.9m
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Cash

19.0m20.7m16.4m53.9m34.2m29.9m32.9m39.7m36.0m30.9m26.2m

Accounts Receivable

172.2m190.7m195.9m150.5m166.2m152.8m150.3m139.2m135.8m125.1m116.4m

Current Assets

251.8m244.4m248.9m258.4m227.6m204.3m201.2m194.5m189.6m172.1m170.5m

PP&E

33.1m32.9m31.9m27.5m26.3m25.5m24.5m227.1m25.2m
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Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019

Net Income

(14.6m)27.1m(32.7m)(15.2m)

Depreciation and Amortization

6.0m8.0m7.2m7.0m

Accounts Payable

(6.7m)4.5m(3.7m)2.8m

Cash From Operating Activities

(7.6m)4.6m(5.5m)7.4m
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Net Income

(4.6m)(5.4m)(10.9m)(10.7m)(18.4m)(29.8m)(3.2m)(8.4m)(14.4m)(10.8m)(16.2m)

Depreciation and Amortization

1.4m3.4m5.6m1.9m3.7m5.5m1.6m3.4m5.1m2.0m4.0m

Accounts Payable

(3.8m)6.7m8.0m(7.9m)3.2m(8.3m)(7.1m)(7.3m)1.1m(6.5m)(6.6m)

Cash From Operating Activities

16.9m11.8m(3.0m)18.0m276.0k(2.5m)2.0m9.5m10.2m33.0k2.9m
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USDFY, 2016

Revenue/Employee

523.4k

Debt/Equity

2 x

Debt/Assets

0.3 x

Financial Leverage

6.5 x
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Volt Information Sciences Operating Metrics

FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Locations

150 110 100 100 85 70
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Volt Information Sciences Acquisitions / Subsidiaries

Company NameDateDeal Size
14011 So. Normandie Ave. Realty Corp.
500 South Douglas Realty Corp.
Arctern Consulting Private Limited
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 Cybersecurity Score

Cybersecurity ratingPremium dataset

C

76/100

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Volt Information Sciences Revenue Breakdown

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Volt Information Sciences revenue breakdown by business segment: 11.4% from International Staffing, 83.1% from North American Staffing and 5.4% from Other

Volt Information Sciences revenue breakdown by geographic segment: 11.9% from International, Principally Europe and 88.1% from Domestic

Volt Information Sciences Online and Social Media Presence

Volt Information Sciences's Trends

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Volt Information Sciences Blogs

November 07, 2019

Volt Information Sciences Promotes Nancy Avedissian to Chief Legal Officer

NEW YORK--(BUSINESS WIRE)-- Volt Information Sciences, Inc. (“Volt” or the “Company”) (NYSE-AMERICAN: VOLT), an international provider of staffing services and managed service programs, today announced the promotion of Nancy Avedissian to Senior Vice President, Chief Legal Officer & Corporat…
October 31, 2019

Volt Information Sciences Named Supplier of the Year by Nokia

NEW YORK--(BUSINESS WIRE)-- Volt Information Sciences, Inc. (“Volt” or the “Company”) (NYSE-AMERICAN: VOLT), an international provider of staffing services and managed service programs, today announced that the Company’s managed service provider, Volt Consulting Group (“VCG”), was awarded Supplier o…
September 18, 2019

Volt Information Sciences to Present at the Sidoti & Company Fall 2019 Investor Conference

NEW YORK--(BUSINESS WIRE)-- Volt Information Sciences, Inc. (NYSE-AMERICAN:VOLT), a global provider of staffing services, today announced that Linda Perneau, President and Chief Executive Officer, and Herb Mueller, Senior Vice President and Chief Financial Officer, will present at the Sidoti &am…
September 05, 2019

Volt Information Sciences Reports 2019 Third 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 third quarter and nine months ended July 28, 2019. Key highlights i…
September 03, 2019

Volt Information Sciences to Ring the NYSE Closing Bell on Tuesday, September 3rd

NEW YORK--(BUSINESS WIRE)-- Volt Information Sciences, Inc. (NYSE-AMERICAN:VISI) today announced that members of its board of directors and management team will ring the NYSE Closing Bell this afternoon to celebrate the Company’s new ticker symbol on the New York Stock Exchange. As previously an…
August 29, 2019

Volt Information Sciences Announces NYSE Ticker Symbol Change to “VOLT”

NEW YORK--(BUSINESS WIRE)-- Volt Information Sciences, Inc. (NYSE-AMERICAN:VISI) today announced that the company’s ticker symbol on the New York Stock Exchange will change to “VOLT” from “VISI”. Trading under the new ticker symbol will begin on Monday, September 9, 2019. Linda Perneau, Volt’s…
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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, Nick S. Cyprus and Herb Mueller.

  • How many employees does Volt Information Sciences have?

    Volt Information Sciences has 1,200 employees.

  • What is Volt Information Sciences revenue?

    Latest Volt Information Sciences annual revenue is $997.1 m.

  • What is Volt Information Sciences revenue per employee?

    Latest Volt Information Sciences revenue per employee is $830.9 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 50 Charles Lindbergh Blvd #206, Uniondale.

  • Where are Volt Information Sciences offices?

    Volt Information Sciences has offices in Uniondale, Albuquerque, Atlanta, Auburn and in 58 other locations.

  • How many offices does Volt Information Sciences have?

    Volt Information Sciences has 64 offices.