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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Velan
Velan (VLN) investor relations material
Velan Q2 2027 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2027 earnings summary8 Oct, 2026
Executive summary
Transition quarter: sales fell 14.9% YoY to $57.5M as shipment timing and execution constraints weighed on results; demand in core nuclear, defense and energy markets remained solid.
Priorities include rebuilding the foundation for profitable growth through execution, cost discipline, working-capital actions and larger core-market opportunities.
Financial highlights
Q2 sales were $57.5M, down 14.9% from $67.6M; bookings were $47.9M versus $65.2M YoY.
Gross profit was $12.6M, or 21.9% of sales, versus $15.7M and 23.2% a year earlier; lower volume, project mix and tariffs pressured results.
Net loss was $15.1M ($0.70 per share), including $14.9M in transaction costs; adjusted net loss was $6.2M ($0.29 per share) and adjusted EBITDA was a loss of $0.713M.
H1 sales were $115.4M, down 17.5% YoY; adjusted net loss was $13.1M and adjusted EBITDA was a loss of $2.8M.
Outlook and guidance
Near-term orders are expected to remain mixed by region; some larger nuclear, defense and project opportunities at varying qualification stages may convert in the near term.
H2 priorities include growing bookings and optimizing costs, with cost actions intended to protect margins.
Favorable long-term fundamentals and a $262.5M backlog support the outlook.
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Latest events from Velan
- All resolutions passed, with leadership and strategic priorities reaffirmed for future growth.VLN
AGM 2026 - Geopolitical conflicts reduced sales and bookings, but backlog and liquidity remain strong.VLNQ1 2027
- Sales and backlog grew in 2026, with strong liquidity and major asset sales completed.VLNQ4 2026
- Strong backlog, major asset sale, and ownership transition marked Q3 2026.VLNQ3 2026
- Shareholders approved the $201.1 million sale of French subsidiaries to Framatome.VLNEGM 2025
- Bookings and backlog improved, supporting growth and cash flow focus for 2025.VLNAGM 2024
- Bookings up 63%, sales up 22.8%, net income positive, and record backlog driven by nuclear demand.VLNQ2 2025
- Q1 sales up 14.5%, gross margin 30.7%, backlog $528.3M, and major nuclear deal signed.VLNQ1 2025
- Q3 saw 18.1% sales growth, margin gains, and risk reduction from major divestitures.VLNQ3 2025
Next Velan earnings date
Q3 202714 Jan, 2027
Velan
Next Velan earnings date
Q3 202714 Jan, 2027
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Frequently asked questions
Velan Inc. designs, manufactures, and markets industrial valves for oil and gas transmission, power generation, water treatment, pulp and paper production, mining, bioprocessing and pharmaceutical industries. The company provides cast steel industrial valves consisting of gate, globe, check angle, ball and butterfly valves; forged steel industrial valves; nuclear qualified valves; bellows sealed valves; knife gate slurry isolation applications; and self-contained antistatic valves. It also offers a range of control systems that includes linear electric actuators, pneumatic actuation packages with positioners and electro-pneumatic positioners/controllers.