Volex Share News (VLX)

Volex records higher profit on strong organic growth; hike dividend

(Alliance News) - Volex PLC on Thursday reported a jump in profit for financial 2022, on strong organic growth, and lifted its payout to shareholders.

UK earnings, trading statements calendar - next 7 days

UK earnings, trading statements calendar - next 7 days

IN BRIEF: Volex Exec Director Nat Rothschild buys GBP80,000 in shares

Volex PLC - Basingstoke, England-based electronic components manufacturer - Executive Director Nat Rothschild buys 30,000 shares via NR Holdings Ltd at 2.60 pence, worth GBP77,970, on Wednesday. Rothschild now interested in 39.0 million shares, a 24.6% stake.

Volex completes acquisition of inYantra Technologies

(Sharecast News) - Integrated manufacturing and power products company Volex announced on Monday that it has completed the acquisition of inYantra Technologies.

Canaccord Genuity lowers target price on Volex

(Sharecast News) - Analysts at Canaccord Genuity lowered their target price on electronic connector manufacturer Volex from 510.0p to 440.0p on Thursday but said the firm appeared to be "well on track" to exceed its five-year plan.

IN BRIEF: Volex jumps as it sees annual results above expectations

Volex PLC - Basingstoke, England-based electronic components maker - Expects revenue and underlying operating profit for the financial year that ended April 3 to be ahead of consensus market expectations. Expects revenue in excess of USD605 million, up 37% from USD443 million the year before and 4.1% above the company compiled consensus of USD581.2 million. Anticipates underlying operating profit to be in excess of USD55.0 million, up 28% from USD42.9 million a year prior and 1.5% above the company complied consensus of USD54.2 million. Attributes this to strong demand with greater visibility of forward orders, as well as a significant contribution from the Electric Vehicles sector, where revenue has almost doubled.

Volex ends year ahead of market expectations

(Sharecast News) - Power products and manufacturing services provider Volex said in an update on Wednesday that its revenues and underlying operating profits were set to be ahead of consensus market expectations for the year just ended.

DIRECTOR DEALINGS: Indivior chief HR officer sells; Volex COO buys

(Alliance News) - The following is a round-up of share dealings by London-listed company directors and managers announced on Tuesday and not separately reported by Alliance News:

IN BRIEF: Volex acquires 51% majority stake in inYantra Technologies

Volex PLC - Basingstoke-based electronics manufacturer - Makes a 51% majority equity investment in inYantra Technologies Pvt Ltd for USD8.0 million. It also purchases 13.5 acres of industrial land, which includes 3.5 acres of land and the operational buildings used by inYantra, in Pune, India for USD5.0 million.

Volex buys majority stake in Indian firm inYantra

(Sharecast News) - Power products and integrated manufacturing provider Volex announced a 51% majority equity investment in inYantra Technologies for $8m (£6.08m) on Monday.

IN BRIEF: Volex secures new debt facilities in refinancing

Volex PLC - Basingstoke-based electronics manufacturer - Completes refinancing with a syndicate of five banks, replacing existing USD100 million revolving credit facility with USD200 million committed facility, as well as USD100 million uncommitted accordion. The facility has an initial maturity date of February 2025, with the possibility of two one-year extensions, and is structured as a USD125 million RCF and USD75 million loan.

Volex agrees new, larger facility of up to $300m

(Sharecast News) - Manufacturing and power products specialist Volex announced a refinancing with a syndicate of five banks on Monday, replacing its existing $100m revolving credit facility with a new $200m committed facility and an additional $100m uncommitted accordion.

IN BRIEF: Volex acquires two wire harness makers for CAD22.5 million

IN BRIEF: Volex acquires two wire harness makers for CAD22.5 million

UK dividends calendar - next 7 days

UK dividends calendar - next 7 days