VIRC News and Press, Virco Manufacturing Corporation From 09/11/23

Exemplary Performance by U.S. Factories and Delivery Teams convert record backlog to on-time deliveries for Back-to-School Year-to Date Revenue up 24% to $142 million Year-to-Date Operating Income improves to $20 million TORRANCE, Calif., Sept. 11, 2023 (GLOBE NEWSWIRE) ...

2023-08-02 13:00:00 ET Summary We've compiled a list of July investment picks that you may have missed. Some Seeking Alpha analysts are more discerning by nature. Others are finding compelling ideas hard to come by in today's market environment. Featured here are the investmen...

2023-07-27 19:30:05 ET Summary Virco Industries, the largest manufacturer of K-12 school furniture in the US, is set to benefit from increased school spending due to stimulus and pent up demand. The company's operating metrics are improving, including margins, sales, and order bac...

2023-06-15 05:26:33 ET Summary Virco's Q1 FY24 operating loss shrank by 72.3% to $1.3 million thanks to price increases and diminished international supply chain disruptions. VIRC finished April with an order backlog of $104.6 million, while inventories soared to $85.6 million. ...

2023-06-12 08:45:38 ET Virco Manufacturing press release ( NASDAQ: VIRC ): Q1 GAAP EPS of -$0.09 beats by $0.08 . Revenue of $34.9M (+8.8% Y/Y) beats by $1.2M . For further details see: Virco Manufacturing GAAP EPS of -$0.09 beats by $0.08, revenue of $34...

Shipments + Backlog Achieves New Record on May 31, 2023 Revenue Growth and Greater Margins Drive Improvement Operating Loss in Seasonally Light First Quarter Declines 72.3% from $4.7 million to $1.3 million TORRANCE, Calif., June 12, 2023 (GLOBE NEWSWIRE) -- Virco Mfg. Cor...

2023-04-28 17:01:12 ET Virco Manufacturing press release ( NASDAQ: VIRC ): FY GAAP EPS of $1.02 beats by $0.24 . Revenue of $231.06M (+25.0% Y/Y) misses by $18.94M . For further details see: Virco Manufacturing GAAP EPS of $1.02 beats by $0.24, revenue of...

Market for School Furniture Continues Post-Pandemic Recovery Full Year Gross Margin Expands to 36.9% vs. 33.0% in prior year Gross Profit Improves 40% as Revenue Growth Pushes U.S. Factories and Logistics Solidly Above Break Even Positive Momentum Continues into 2023 with Strong Order...

Summary Virco Mfg. Corp. is one of the leading school furniture manufacturers in the U.S. However, the company's business was taken slowly by Chinese competition for the past twenty years. Recent COVID-related disruptions in China, coupled with extremely high transportation prices, ...

Summary 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 ...