Operating Income of $10.5 Million for Second Quarter Remains Above Long-Term AverageShipments Plus Backlog of $162.5 Million is 2.1% Lower Than Same Period Last YearCurrent Ratio of 2.5 Supports Aggressive Development
Shipments Plus Backlog Declines 1.8% to $103.7 MillionGross Margin Declines to 41.4% vs. 47.5% LY Unusually Late Order Cycle May Reward Flexibility and Response Time of Company's Domestic FactoriesBoard Declares
Shareholder Distributions Totaled $5.6 Million, Including $1.6 Million of Dividends and $4.0 Million of Share RepurchasesTight Operating and Financial Controls in PlaceCurrent Ratio Remains Healthy at 3.1Early Order
Revenue through Nine Months Down 27.0% to $173.5 MillionNet Income through Nine Months is $9.6 MillionKey Balance Sheet Metrics Continue to Improve as Current Ratio Reaches 3.98Backlog Pulls Nearly Even on YOY Basis as
Operating income of $15.3 million through six months is third highest in past decade, following two record yearsGeneral downturn in school furniture market results in 15.1% decline in Second Quarter shipments; 18.9%
Long-Term Strategy of Investing in Domestic Manufacturing and Service Proves SuccessfulNet Income For FYE 1.31.25 reaches $21.6 MMFYE 1.31.25 Revenue tops $266 MMOperating Cash Flow tops $33 MMDividends and Share
TORRANCE, Calif., Jan. 21, 2025 (GLOBE NEWSWIRE) -- Virco Mfg. Corporation (NASDAQ:VIRC), a leading manufacturer and supplier of movable furniture and equipment for educational environments and public spaces, announced
Capital Efficiencies ImprovedGrowth and Shareholder Returns Funded by Operating Cash FlowsQuarterly Dividend of $0.025 per Share DeclaredTraditional Seasonality Returns to Shipments, Orders, Backlog TORRANCE,
EPS Improves 9.5% in Quarter, 33.3% YTD to Record $1.16 per ShareOperating Income reaches 20.2% in Second Quarter; 16.0% YTDCompany is Effectively Debt Free; Growth is being Financed by Cash Flow from OperationsCompany
Seasonally Light Quarter Swings to Profit on Strong Shipments, Steady MarginsBoard Declares Quarterly Dividend of $0.02 per Share, payable July 12, 2024 to Shareholders of Record as of June 21, 2024Company Completes
U.S. Factories and experienced staff support broad school recovery and related demand for school furnitureVertical control of order-to-cash cycle generates strong operating and financial efficiencies, with most metrics
TORRANCE, Calif., April 01, 2024 (GLOBE NEWSWIRE) -- Virco Mfg. Corporation (NASDAQ:VIRC) (the "Company"), the nation's largest manufacturer and supplier of educational furniture and equipment, today issued an update
TORRANCE, Calif., Feb. 27, 2024 (GLOBE NEWSWIRE) -- Virco Mfg. Corporation (NASDAQ:VIRC), the largest manufacturer and supplier of movable furniture and equipment for educational environments in the United States,
Net Income increased 29% on 9% Growth in Sales compared to prior yearCompany Declares Regular Quarterly DividendBoard Authorizes $5 Million Share Repurchase TORRANCE, Calif., Dec. 08, 2023 (GLOBE