Velan Inc.

Toronto Stock Exchange VLN.TO

Velan Inc. Gross Profit Margin for the year ending February 29, 2024: 26.88%

Velan Inc. Gross Profit Margin is 26.88% for the year ending February 29, 2024, a -11.48% change year over year. Gross Profit Ratio is the ratio of gross profit to net sales, indicating the percentage of revenue that exceeds the cost of goods sold and reflects the efficiency of a company in managing its production or procurement and sales.
  • Velan Inc. Gross Profit Margin for the year ending February 28, 2023 was 30.36%, a -7.49% change year over year.
  • Velan Inc. Gross Profit Margin for the year ending February 28, 2022 was 32.82%, a 23.09% change year over year.
  • Velan Inc. Gross Profit Margin for the year ending February 28, 2021 was 26.66%, a 12.43% change year over year.
  • Velan Inc. Gross Profit Margin for the year ending February 29, 2020 was 23.72%, a 1.65% change year over year.
Key data
Date Gross Profit Margin Operating Income Margin EBT Margin Net Income Margin
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Toronto Stock Exchange: VLN.TO

Velan Inc.

CEO Mr. James A. Mannebach BSBA, CPA, M.B.A.
IPO Date June 3, 1998
Location Canada
Headquarters 7007 Cote de Liesse
Employees 1,618
Sector Industrials
Industries
Description

Velan Inc. designs, manufactures, and markets industrial valves worldwide. It offers cryogenic valves comprising cast steel cryogenic, small forged cryogenic, cryogenic triple-offset, memoryseal ball, and cryogenic control valves; 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; and quarter-turn valves, such as ball, metal-seated ball, high performance three-piece ball, general purpose ball, triple-offset, high performance cryogenic butterfly, coker ball, and cap-tight batch digester capping valves. The company also provides cast and small forged hydrofluoric acid valves; and bellows seal bolted bonnet high pressure, seal cast steel, and seal API small forged valves. In addition, it offers bimetallic and thermodynamic steam traps. The company serves nuclear power, power, oil and gas, refining, chemical, pulp and paper, marine, mining, LNG and cryogenics, and water and wastewater sectors. It 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.

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