Virco Mfg.

Virco Manufacturing Corp. engages in the design, production and distribution of furniture. Its products include mobile tables, mobile storage equipment, desks, computer furniture, chairs, folding chairs and folding tables. The company was founded in February 1950 and is headquartered in Torrance, CA.

Earnings data Q4 2020

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Virco Manufacturing Corporation (VIRC) came out with quarterly earnings of $0.25 per share, beating the Zacks Consensus Estimate of a loss of $0.05 per share. This compares to loss of $1.02 per share a year ago.

Virco Manufacturing Corporation (VIRC) Q4 Earnings Top Estimates

TORRANCE, Calif., April 28, 2023 (GLOBE NEWSWIRE) -- Virco Mfg. Corporation (Nasdaq:VIRC) reported today that net sales for the Company's fiscal year ended January 31, 2023 increased 25.0% to $231.1 million compared to $184.8 million in the prior year. The Company's revenue and operating margins have now returned to profitable levels following major market disruptions from the pandemic and related school closures.

Virco Reports Full Year Revenue Increased 25% to $231.1 Million, Delivering Operating Income of $10.8 Million

In my view, recent global supply chain disruptions were a blessing in disguise for Virco as high shipping costs improved the competitiveness of U.S. school furniture producers. During the first nine months of FY23, revenues rose by 32.9% year on year while the net income soared by over 900% to $12.5 million.

Virco Hasn't Looked This Good In Decades

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Is Virco Manufacturing (VIRC) Stock Outpacing Its Consumer Discretionary Peers This Year?

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Although rising inflation, macroeconomic uncertainty and supply-chain disruptions pose risks, focus on digitization and product innovation raise hopes for FLXS and VIRC.

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Virco Manufacturing Corporation (VIRC) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

What Makes Virco Manufacturing Corporation (VIRC) a New Buy Stock

Virco Manufacturing Corporation (VIRC) delivered earnings and revenue surprises of 2.13% and 3.62%, respectively, for the quarter ended October 2022. Do the numbers hold clues to what lies ahead for the stock?

Virco Manufacturing Corporation (VIRC) Q3 Earnings Beat Estimates

TORRANCE, Calif., Dec. 12, 2022 (GLOBE NEWSWIRE) -- Virco Mfg. Corporation (Nasdaq: VIRC) reported today that net revenue for the Company's third quarter ended October 31, 2022 increased 35.0% to $77.4 million compared to $57.3 million in the same period of the prior year. While last year's operations were constrained by supply chain and staffing challenges, the conclusion of this year's summer delivery season was notable for improved efficiencies across most levels of the Company's vertical business model. Gross margin for the third quarter was 39.8%, up from 35.4% in the same period of the prior year. The improvement in gross margin was due to a combination of higher volume and previously implemented price increases, which partially offset the ongoing impacts of inflation. SG&A declined to 28.4% from 31.0% in the prior year. Operating income improved proportionately to $8.8 million from $2.5 million in the prior year. After interest and taxes, total net income for the third quarter was $7.9 million vs. $1.3 million for the same period in the prior year.

Virco Reports Third Quarter Revenue Increased 35%, Driving Improved Financial Performance Across Multiple Metrics

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VIRC, TCRT, AINC, CWEN and WHF have been added to the Zacks Rank #1 (Strong Buy) List on November 18, 2022.

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Although rising inflation, macroeconomic uncertainty and supply-chain disruptions pose risks, home remodeling projects along with a focus on digitization and product innovation raise hopes for WSC, LZB and VIRC.

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Virco Reports $0.60 EPS for Second Quarter Driven by 40% Increase in Revenue as U.S. Factories Provide Timely Support for School Reopenings

Good things could be on the horizon when a stock experiences a golden cross event. How should investors react?

Virco Manufacturing Corporation (VIRC) Just Flashed Golden Cross Signal: Do You Buy?

Virco Manufacturing Corporation (VIRC) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our 'Fast-Paced Momentum at a Bargain' screen.

Here Is Why Bargain Hunters Would Love Fast-paced Mover Virco Manufacturing Corporation (VIRC)

Virco Manufacturing Corporation (VIRC) delivered earnings and revenue surprises of -33.33% and 21.94%, respectively, for the quarter ended April 2022. Do the numbers hold clues to what lies ahead for the stock?

Virco Manufacturing Corporation (VIRC) Reports Q1 Loss, Misses Revenue Estimates

Virco Reports 13% Increase in First Quarter Revenue; Competitive Advantages of Domestic Factories and U.S. School Furniture Market Lead to Record Orders and Backlog

Although rising inflation and supply-chain disruptions pose risks, positive momentum in home remodeling projects along with a focus on digitization and product innovation raise hopes for WSC, LZB, and VIRC.

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TORRANCE, Calif., April 21, 2022 (GLOBE NEWSWIRE) -- Virco Mfg. Corporation (NASDAQ: VIRC), the largest manufacturer and supplier of movable furniture and equipment to the education market in the United States, today reported preliminary, unaudited financial results for the fourth quarter—and full year-ended January 31, 2022 (“fiscal 2022”).

Virco Announces Preliminary Fourth Quarter and Full-Year 2022 Results

Virco Manufacturing Corporation (VIRC) delivered earnings and revenue surprises of -75.76% and 27.80%, respectively, for the quarter ended October 2021. Do the numbers hold clues to what lies ahead for the stock?

Virco Manufacturing Corporation (VIRC) Q3 Earnings and Revenues Lag Estimates

Virco Reports $0.08 Per Share Net Income for Fiscal Third Quarter, 7.6% Increase in Revenue through Nine Months, and Record Backlog

Virco Manufacturing Corporation (VIRC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Virco Manufacturing Corporation (VIRC) Earnings Expected to Grow: What to Know Ahead of Q3 Release

TORRANCE, Calif., Oct. 01, 2021 (GLOBE NEWSWIRE) -- Virco Mfg. Corporation (Nasdaq: VIRC), the largest manufacturer and supplier of movable furniture and equipment to the education market in the United States, today announced that it has signed an amendment and restatement of its existing credit facility that restores its ability to resume shareholder distributions. All other material terms and conditions of the credit facility remain in effect including the maturity date of March 19, 2023.

Virco Amends Credit Facility to Allow for Shareholder Distributions

Virco's (VIRC) Q2 results reflect robust backlog level and increased spending on furniture and equipment. However, the company witnessed labor and material shortages in the quarter.

Virco's (VIRC) Q2 Earnings Miss Estimates, Backlog Rises

Virco Manufacturing Corporation (VIRC) delivered earnings and revenue surprises of -20.00% and -18.37%, respectively, for the quarter ended July 2021. Do the numbers hold clues to what lies ahead for the stock?

Virco Manufacturing Corporation (VIRC) Q2 Earnings and Revenues Miss Estimates

Virco Reports 5.8% Increase in Net Income for Second Quarter and Record Backlog

News for Virco Mfg. Stock (VIRC)