Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
An announcement from Volex plc ( (GB:VLX) ) is now available.
Volex plc announced a strong financial performance for the first 39 weeks of their fiscal year, with revenue reaching $789.4 million, a 21.8% increase from the previous year. The growth was driven by a combination of organic expansion and acquisitions, despite a slight negative impact from foreign exchange. The company maintained its operating profit margins and a solid financial position, enabling continued investment in growth areas such as Electric Vehicles. Volex’s strategic focus on high-growth economies and technological advancements positions it well to capitalize on future opportunities, ensuring confidence in achieving its full-year expectations and long-term goals.
More about Volex plc
Volex plc is a global leader in integrated manufacturing for mission-critical power and data connectivity solutions, serving diverse sectors including Electric Vehicles, Consumer Electricals, Medical, Complex Industrial Technology, and Off-Highway. Headquartered in the UK, Volex operates 29 advanced manufacturing facilities worldwide, providing support to international blue-chip customers and connecting with Original Equipment Manufacturers and Electronic Manufacturing Services companies globally.
YTD Price Performance: 0.18%
Average Trading Volume: 442,589
Technical Sentiment Consensus Rating: Hold
Current Market Cap: £518.3M
See more insights into VLX stock on TipRanks’ Stock Analysis page.
