VLN Velan Inc.

Velan Inc. Announces Strike at Williston, Vermont Location

Velan Inc. Announces Strike at Williston, Vermont Location

MONTREAL, Oct. 07, 2024 (GLOBE NEWSWIRE) -- Velan Inc. (TSX: VLN) (“Velan” or the “Company”), a world-leading manufacturer of industrial valves announced today that union members at its Williston, Vermont plant have voted down the three-year collective agreement negotiated and signed in September. The collective agreement that the parties had sought to renew had been in effect since October 1, 2021.

Following this vote on Saturday, October 5, 2024, the union subsequently voted to strike, with immediate effect. The decision directly affects under 45 employees, or just under 3% of Velan's total workforce.

Velan is committed to minimizing the impact on its customers. Velan's Canadian and International operations are unaffected by the strike action.

Velan will continue to work with the union to resolve this dispute and reach a fair resolution. While discussions are ongoing, there can be no assurances as to when a new collective bargaining agreement will be entered into.   

Contact :

Rishi Sharma, Chief Financial Officer

Velan Inc.  

Tél. : (438) 817-4430



EN
07/10/2024

Underlying

VLNVelan Inc.

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Velan Inc.

 PRESS RELEASE
Free
VLN VELAN INC.

Velan Inc. Reports Solid First Quarter Results for Fiscal 2026

Velan Inc. Reports Solid First Quarter Results for Fiscal 2026 18.6% sales growth and higher gross profit margin  Net income from continuing operations of $17.8 million, consolidated net income including closing of the transactions of $77.2 million Strong financial position with available cash on hand of $59.1 million, highest in five years Significant increase in quarterly dividend payment to CA$0.10 per common share MONTREAL, July 10, 2025 (GLOBE NEWSWIRE) -- Velan Inc. (TSX: VLN) (“Velan” or the “Company”), a world-leading manufacturer of industrial valves, announced today fi...

July 10, 2025 1 EN
 PRESS RELEASE
Free
VLN VELAN INC.

Velan Inc. publie des résultats robustes pour le premier trimestre de ...

Velan Inc. publie des résultats robustes pour le premier trimestre de son exercice 2026 Croissance du chiffre d’affaires de 18,6 % et hausse de la marge brute  Résultat net des activités poursuivies de 17,8 millions de dollars, résultat net consolidé, incluant la finalisation des transactions, de 77,2 millions de dollars Situation financière solide avec des liquidités disponibles de 59,1 millions de dollars, soit le niveau le plus élevé des cinq dernières années Augmentation substantielle du dividende trimestriel versé qui atteint 0,10 $ CA par action ordinaire MONTRÉAL, 10 juil...

July 10, 2025 1 EN
 PRESS RELEASE
Free
VLN VELAN INC.

Velan Inc.: Announcement

Velan Inc.: Announcement MONTREAL, June 20, 2025 (GLOBE NEWSWIRE) -- Velan Inc. (TSX: VLN) announced today that, on Thursday, July 10, 2025, it will release its financial results for the first quarter ended May 31, 2025. The company will hold an analyst call on Friday, July 11, 2025, at 8:00 a.m. (EDT) to discuss the results. To instantly join the conference call by phone, please use the following link to easily register close to the call start time. After registering, the system will call you instantly and connect you into the conference call automatically: . Alternatively, you...

June 20, 2025 1 EN
 PRESS RELEASE
Free
VLN VELAN INC.

Velan Inc. : Avis

Velan Inc. : Avis MONTRÉAL, 20 juin 2025 (GLOBE NEWSWIRE) -- Velan Inc. (TSX: VLN) annonce aujourd’hui que le jeudi 10 juillet 2025, elle communiquera ses résultats financiers pour le premier trimestre terminé le 31 mai 2025. La société tiendra une conférence téléphonique le vendredi 11 juillet 2025, à 08H00 (HNE) pour discuter de ses résultats financiers. Pour participer instantanément à la conférence téléphonique par téléphone, veuillez utiliser le lien suivant pour vous inscrire facilement près de l'heure de début de l'appel. Après l'inscription, le système vous appellera instan...

June 20, 2025 1 EN
 PRESS RELEASE
Free
VLN VELAN INC.

Velan Inc. Reports Fiscal 2025 Fourth Quarter and Year-End Results

Velan Inc. Reports Fiscal 2025 Fourth Quarter and Year-End Results Significant full year improvement in bookings1, sales, gross profit and cash flow generationDividend of CA$0.33 per share including a special dividend of CA$0.30 per share, partially returning proceeds from recent transactions to shareholders MONTREAL, May 21, 2025 (GLOBE NEWSWIRE) -- Velan Inc. (TSX: VLN) (“Velan” or the “Company”), a world-leading manufacturer of industrial valves, announced today financial results for its fourth quarter and fiscal year ended February 28, 2025. All amounts are expressed in U.S. d...

May 22, 2025 1 EN

ResearchPool Subscriptions

Get the most out of your insights

Get in touch