Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


Last C$21.69 CAD
Change Today +0.54 / 2.55%
Volume 6.7K
As of 3:59 PM 05/1/15 All times are local (Market data is delayed by at least 15 minutes).

velan inc (VLN) Snapshot

Open
C$21.29
Previous Close
C$21.15
Day High
C$21.85
Day Low
C$21.29
52 Week High
04/29/15 - C$22.50
52 Week Low
05/12/14 - C$15.70
Market Cap
475.9M
Average Volume 10 Days
7.9K
EPS TTM
C$1.18
Shares Outstanding
6.4M
EX-Date
03/12/15
P/E TM
18.4x
Dividend
C$0.40
Dividend Yield
1.84%
Current Stock Chart for VELAN INC (VLN)

Related News

No related news articles were found.

velan inc (VLN) Related Businessweek News

No Related Businessweek News Found

velan inc (VLN) Details

Velan Inc. is engaged in designing, manufacturing, and marketing various industrial valves worldwide. It offers gate, globe, and check valves, including cast steel valves for use in process and power industries; stainless steel valves for corrosive applications; small forged valves for industrial applications; forged high pressure valves for use in nuclear and fossil power generation industries, the U.S. Navy, and high pressure/temperature steam applications; Y-pattern valves for use in power plants; knife gate valves to handle slurries; proquip dual-plate check valves for use in oil and gas industries; conduit and double expanding valves for up, mid, and downstream applications; and non slam valves. The company also provides quarter-turn valves comprising resilient-seated ball valves; metal-seated ball valves for high temperature, high corrosive, and/or media applications; ball valves for delayed cokers in oil refineries; power ball valves to handle steam isolation applications; trunnion-mounted pipeline ball valves for cryogenic, offshore, sub sea, and underground applications; torqseal triple-offset butterfly valves for use in offshore oil platforms, fossil and nuclear power plants, and petroleum refineries; and cryogenic butterfly valves for use in liquid natural gas industry. In addition, it offers bimetallic steam traps for steam applications in thermal and nuclear power plants, or aboard ships; Adareg control valves for cryogenic applications; and double block and bleed ball, multi turn ball, ball control, and choke valves, as well as actuators for special applications, such as HIPPS systems and subsea applications. Velan Inc. sells its products directly or through a network of distributors and agents. The company was formerly known as Velan Engineering Ltd. and changed its name to Velan Inc. in February 1981. Velan Inc. was founded in 1950 and is headquartered in Montreal, Canada. Velan Inc. is a subsidiary of Velan Holding Co. Ltd.

2,060 Employees
Last Reported Date: 01/14/15
Founded in 1950

velan inc (VLN) Top Compensated Officers

Chief Executive Officer, Director and Member ...
Total Annual Compensation: C$440.0K
Founder and Executive Chairman
Total Annual Compensation: C$338.2K
Chief Financial Officer
Total Annual Compensation: C$244.6K
Chief Operations Officer
Total Annual Compensation: C$255.4K
Executive Vice President of International Sal...
Total Annual Compensation: C$296.9K
Compensation as of Fiscal Year 2014.

velan inc (VLN) Key Developments

Velan, Inc. Appoints Yves Leduc as President

Velan, Inc. announced that Mr. Yves Leduc has been appointed President of the company and he will report to Tom Velan, CEO and formerly President. He will be joining Velan on January 26, 2015. Until recently, Mr. Yves Leduc was a corporate officer at BRP Inc. (BRP), as Vice President General Manager of its North American business since 2006. In his sixteen years as member of BRP’s senior management team, he built a broad experience taking on the responsibility for most business units, as well as for the key business functions of the company, including manufacturing, new product development, logistics, sales and marketing. Mr. Leduc also brings an international experience, having spent six years in Europe, leading the Austrian engine division and spearheading several strategic manufacturing projects in Asia and Latin America. The divisions under his leadership have sustained a track record of delivering lasting process and operational improvements, while achieving market share and sales growth that consistently outperformed competitors.

Velan Inc. Announces Financial Results for the Third Quarter and Nine Months Ended November 30, 2014

Velan Inc. announced financial results for the third quarter and nine months ended November 30, 2014. For the quarter, the company reported sales of $127.3 million against $115.6 million a year ago. Net income attributable to subordinate and multiple voting shares was $4.8 million against $8.3 million a year ago. Basic and diluted income per share was 0.22 against 0.38 a year ago. The $3.5 million decrease in net earnings is primarily attributable to a lower gross profit percentage and increased administration costs, in particular an increase in costs recognized in connection with the company's ongoing asbestos litigation and higher sales commissions resulting from the increased sales output in the quarter. The increase in sales is due to improved execution of shipments of certain large export project orders in the current quarter. For the nine months, the company reported sales of $341.2 million against $368.5 million a year ago. Net income attributable to subordinate and multiple voting shares was $13.9 million against $19.0 million a year ago. Basic and diluted income per share was 0.63 against 0.87 a year ago. The $5.1 million decrease in net earnings is primarily attributable to lower sales volume and higher administration costs, in particular an increase in costs recognized in connection with the company's ongoing asbestos litigation as well as increased research and development costs in one of the company's French subsidiaries related to new product qualifications. The company generated net cash from operations of $24.7 million in the period.

Velan Inc. Declares Quarterly Dividend, Payable on March 31, 2015

The board of Velan Inc. declared an eligible quarterly dividend of CAD 0.10 per share, payable on March 31, 2015, to all shareholders of record as at March 16, 2015.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
VLN:CN C$21.69 CAD +0.54

VLN Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Flowserve Corp $56.65 USD -1.88
Weir Group PLC/The 1,885 GBp +5.00
View Industry Companies
 

Industry Analysis

VLN

Industry Average

Valuation VLN Industry Range
Price/Earnings 16.0x
Price/Sales 0.8x
Price/Book 1.1x
Price/Cash Flow 4.3x
TEV/Sales NM Not Meaningful
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact VELAN INC, please visit www.velan.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.