Velan Inc. (T:VLN*CA)

Business Focus: Industrial Valve Manufacturing

Sector:  Industrials Industry:  Industrial Machinery & Equipment
 
Company Contact
Address: 7007 Cote de Liesse
MONTREAL QC H4T 1G2
Tel: N/A
Website: https://www.velan.com
IR: See website
<
Key People
James A. Mannebach
Chairman of the Board, Chief Executive Officer
Emanuel Nataf
Vice President - Finance
Robert Velan
Vice Chairman of the Board, Executive Vice President - International Operations
Rishi Sharma
Chief Financial and Administrative Officer
Sabine Bruckert
Executive Vice President of Human Resources, General Counsel, Corporate Secretary
Bryant Holt
Executive Vice President, General Manager - Severe Service
Laurent Pefferkorn
Executive Vice President, General Manager - Project SBU
Duke Tran
Executive Vice President, General Manager - Severe Service
Paul Dion
Senior Vice President of Sales, Process Industries
Shane Velan
Chief Information Officer
   
Business Overview
Velan Inc. is a Canada-based manufacturers of industrial valves. The Company designs, manufactures and markets a range of industrial valves for use in industry applications, including power generation, oil and gas, refining and petrochemicals, chemicals, liquid natural gas and cryogenics, pulp and paper, geothermal processes and shipbuilding. Its products include Quarter-turn valves, Gate, globe, and check valves, Cryogenic valves, HF Acid valves, Steam traps, Bellows seal valves and Velan ABV Valves. Its services include research and development, maintenance manuals (IOMs), spare parts and service locations. The North American operations comprising two manufacturing plants in Canada, as well as one manufacturing plant and one distribution facility in the United States. Its overseas operations include manufacturing plants in France, Italy, Portugal, Korea, Taiwan, India, and China. The Company's operations also include a sales operation in Germany.
Financial Overview
For the nine months ended 30 November 2023, Velan Inc revenues decreased 10% to $228.9M. Net loss increased from $8.3M to $17.7M. Revenues reflect United States segment decrease of 20% to $76.5M, Italy segment decrease of 21% to $31.3M. Higher net loss reflects Finance costs increase from $1.3M to $4.4M (expense), Other expense (income) increase from $132K (income) to $539K (expense).
Employees: 1,630 as of Nov 30, 2023
Reporting Currency: U.S. Dollars
Enterprise value: $115.25M as of Nov 30, 2023
Annual revenue (TTM): $470.82M as of Nov 30, 2023
EBITDA (TTM): -$58.98M as of Nov 30, 2023
Net annual income (TTM): -$88.70M as of Nov 30, 2023
Free cash flow (TTM): -$5.76M as of Nov 30, 2023
Net Debt Last Fiscal Year: $18.82M as of Nov 30, 2023
Shares outstanding: 21,585,635 as of Nov 30, 2023
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

Thank you for visiting InsiderTracking.com. We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you wish to consider using a browser that blocks ads, please log in or subscribe.

Alternatively, if you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). If you are in private browsing mode and do not want to subscribe, please disable tracking protection while visiting our website.

Thank you for using Insider Tracking.