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Volt Information Sciences, Inc. (AMEX: VOLT) announced its recognition in the 18th annual Stevie Awards for Women in Business, winning two Silver Stevie Awards. The Company received the title of Women-Run Workplace of the Year, and its President and CEO, Linda Perneau, was awarded Female Executive of the Year – Business Services. This acknowledgment highlights Volt's commitment to positive growth and employee advancement, particularly following challenges faced in 2020.
Volt Information Sciences, Inc. (NYSE-AMERICAN: VOLT) reported financial results for Q3 2021, achieving revenue of $217.5 million, up 17.0% year-over-year. Adjusted Operating Income rose to $2.2 million, with a GAAP EPS of $0.03 compared to a loss of ($0.22) a year prior. North American Staffing revenue increased to $179.4 million, while international staffing saw significant growth in the UK and France. Despite rising SG&A expenses, gross margin improved to 16.6%. Volt continues to see positive net income for consecutive quarters, driven by strategic initiatives.
Volt Information Sciences, Inc. (NYSE-AMERICAN: VOLT) will announce its third-quarter financial results for the period ending August 1, 2021, on September 13, 2021, after market close. A conference call featuring management will be held the same day at 5:00 PM ET, with dial-in options available for participants. The call will be accessible via webcast and archived for 90 days. Volt offers staffing solutions across various sectors, including IT, engineering, and light-industrial roles, serving global industries.
Volt Information Sciences (NYSE-AMERICAN: VOLT) reported a 7.1% increase in revenue for Q2 2021, totaling $222.1 million. Adjusted Revenue rose 5.9%. The gross margin improved by 80 basis points to 16.4%. GAAP operating income was $2.7 million, a $7.1 million improvement from last year, with GAAP EPS at $0.08 compared to a loss of ($0.25). Adjusted EBITDA increased to $6.0 million from (1.4) million in the prior year. The company sees continued growth with positive results despite pandemic challenges.
Volt Information Sciences, Inc. (NYSE-AMERICAN: VOLT) has been recognized for the second consecutive year on Forbes’ list of America’s Best Temporary Staffing Firms. Volt was also named a Best Professional Recruiting Firm for 2021. The rankings are based on independent surveys of over 31,000 recruiters and 7,200 job candidates and hiring managers, with more than 26,000 nominations considered. CEO Linda Perneau highlighted the hard work of Volt's teams and the company's commitment to quality service as key factors in receiving this recognition.
Volt Information Sciences, Inc. (NYSE-AMERICAN: VOLT) announced it will release its financial results for Q2 ending May 2, 2021, on June 15, 2021, after market close. A conference call, hosted by CEO Linda Perneau and CFO Herb Mueller, is scheduled for the same day at 5 PM ET. Investors can participate via phone or an online webcast. The call will include forward-looking information and will be archived on their investor relations website for 90 days. For more details, visit www.volt.com.
Volt Information Sciences, Inc. (NYSE-AMERICAN: VOLT) has launched Better U Academy, an online upskilling platform for its contingent employees across North America. Partnering with Penn Foster, Volt offers free, flexible, and accredited skills development courses. The initiative aims to address the current talent shortage by enhancing the skills of workers in various fields, such as customer service and medical coding. CEO Linda Perneau emphasized that this investment in education is intended to improve employee retention and attract motivated individuals seeking better job opportunities.
Volt Information Sciences reported its financial results for Q1 2021, revealing revenue of $218.0 million, up marginally from $217.8 million in Q1 2020. Adjusted Revenue saw a slight increase of 0.4%. Gross margin improved to 15.0%, a 60-basis point increase year-over-year. The company narrowed its GAAP operating loss to ($1.7) million, an improvement of $7.6 million. Adjusted EBITDA rose to $0.9 million, indicating a recovery despite the pandemic's challenges. The CEO expressed optimism for future growth following strategic actions taken.
Volt Information Sciences, Inc. (NYSE-AMERICAN: VOLT) will release its first-quarter financial results for the period ending January 31, 2021, on March 16, 2021, after market close. A conference call hosted by CEO Linda Perneau and CFO Herb Mueller is scheduled for 5:00 PM ET on the same day. Investors can participate by dialing 1-877-407-9039 (U.S.) or 1-201-689-8470 (international), referencing conference ID: 13716589. The call will be accessible online via a listen-only webcast on the company’s website, and an archived version will be available for 90 days.
Volt Information Sciences (NYSE-AMERICAN: VOLT) announced that its President & CEO, Linda Perneau, has been named to the Staffing Industry Analysts' (SIA) 'Staffing 100' list. This recognition honors exceptional leadership and resilience in the staffing industry, particularly during challenging times. Perneau expressed gratitude, crediting her team's hard work for this achievement. Chairman William J. Grubbs highlighted her invaluable experience and impactful leadership in overcoming obstacles in the past year.
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