Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


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.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Last C$16.44 CAD
Change Today 0.00 / 0.00%
Volume 500.0
VLN On Other Exchanges
As of 2:25 PM 10/9/15 All times are local (Market data is delayed by at least 15 minutes).

velan inc (VLN) Snapshot

Previous Close
Day High
Day Low
52 Week High
04/29/15 - C$22.50
52 Week Low
10/2/15 - C$16.38
Market Cap
Average Volume 10 Days
Shares Outstanding
Dividend Yield
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. manufactures and sells industrial valves worldwide. It offers gate, globe, and check valves, including pressure seal, cast steel, small forged, dual-plate check, bolted bonnet high pressure, cast stainless steel corrosion resistant, bonnetless, and knife gate valves, as well as maintenance valves for nuclear service. The company also provides quarter-turn valves, such as ball, metal-seated ball, forged ball, power ball, high performance three-piece ball, general purpose ball, triple-offset butterfly, high performance cryogenic butterfly, coker ball, and cap-tight batch digester capping valves. In addition, it offers cryogenic valves comprising cast steel cryogenic, small forged cryogenic, cryogenic triple-offset, ball, and cryogenic control valves; cast steel and small forged hydrofluoric acid valves; and bellows seal bolted bonnet high pressure, seal cast steel, and seal API small forged valves. Further, the company provides bimetallic steam and thermodynamic steam traps; and specialty valves and actuators for oil and gas, LNG, and petrochemical processes, as well as offers spare parts. It serves nuclear power, power, oil and gas refining, chemical, pulp and paper, marine, mining, LNG and cryogenics, and water and wastewater industries. Velan Inc. primarily sells its products through independent third party distributors and sales 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 Montréal, Canada. Velan Inc. is a subsidiary of Velan Holding Co. Ltd.

2,056 Employees
Last Reported Date: 07/15/15
Founded in 1950

velan inc (VLN) Top Compensated Officers

Chairman, Chief Executive Officer and Member ...
Total Annual Compensation: C$469.7K
Founder and Chairman Emeritus
Total Annual Compensation: C$338.2K
Chief Financial Officer
Total Annual Compensation: C$264.8K
Chief Operations Officer
Total Annual Compensation: C$271.9K
Executive Vice President
Total Annual Compensation: C$312.8K
Compensation as of Fiscal Year 2015.

velan inc (VLN) Key Developments

Velan, Inc. Reduces Workforce; Announces Plans to Consolidate Production from Two of its Plants into One

Velan Inc. is reducing its number of employees by about 110 through a combination of temporary layoffs and elimination of certain positions in its North American facilities. Approximately half of the employees being released are in unionized jobs and the other half are management and staff. About 75% are in Montreal, 20% in Granby, Quebec and the remainder in Williston, Vermont. Some employees will retire, some lay-offs may be temporary, and all other employees affected by this decision will be offered work transition assistance from the company. This will reduce the company's global manpower by about 5%. The company is also announcing plans to transfer production from one of its Montreal plants, located on Ward Avenue in Ville St-Laurent, to the plant adjacent to the head office, also located in Ville St- Laurent, thereby reducing its North American manufacturing footprint to improve operational efficiencies.

Velan Inc. Approves Appointment of Tom Velan as Director

Velan Inc. at its annual and special meeting of the shareholders held on July 9, 2015, approved the appointment of Tom Velan as Director.

Velan, Inc. Announces Consolidated Unaudited Earnings Results for the First Quarter Ended May 31, 2015

Velan, Inc. announced consolidated unaudited earnings results for the first quarter ended May 31, 2015. For the quarter, the company reported sales of $103.2 million against $103.1 million a year ago. Net income attributable to multiple and subordinate voting shares was $3.1 million against $4 million a year ago. Basic and diluted per share was $0.14 against $0.18 per share a year ago. The $0.9 million decrease in net earnings is primarily attributable to a lower gross profit percentage partially offset by decreased administration costs.


Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
VLN:CN C$16.44 CAD 0.00

VLN Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Flowserve Corp $46.62 USD -1.40
Weir Group PLC/The 1,397 GBp +30.00
View Industry Companies

Industry Analysis


Industry Average

Valuation VLN Industry Range
Price/Earnings 15.7x
Price/Sales 0.6x
Price/Book 0.8x
Price/Cash Flow 4.5x
TEV/Sales NM Not Meaningful

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact VELAN INC, please visit 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