VIRC News and Press, Virco Manufacturing Corporation From 06/10/22

Virco Manufacturing press release (NASDAQ:VIRC): Q1 GAAP EPS of -$0.32 misses by $0.08. Revenue of $32.08M (+13.1% Y/Y) misses by $9.02M. For further details see: Virco Manufacturing GAAP EPS of -$0.32 misses by $0.08, revenue of $32.08M misses by $9.02M

Highlights: Shipments + Backlog at May 31, 2022 Reaches $144.4 Million, 20% Higher Than Previous Record of $120.2 Million Established Prior to China’s Entry to The World Trade Organization (WTO) U.S. Factory Output Up 45% From Prior Year to Meet Surge in Demand Recent A...

ARC Document Solutions has really struggled over the past few years, including in the years leading up to the pandemic. Fortunately, for investors, we are starting to see a turnaround, but it is too early in the game to know if the picture is sustaining. Given certain catalysts an...

Virco Manufacturing (NASDAQ:VIRC) said Thursday its prelim. Q4 net sales more than doubled Y/Y to $40.1M. Prelim. Q4 pre-tax loss was $5.2M vs. pre-tax loss of $6.5M in the year-ago period. Higher unrecovered material costs, along with increased expenses associated with material costs, f...

Revenue increased 119% for Fiscal Fourth Quarter, 21% for Fiscal Year Ended January 31, 2022, as Stimulus Funding Aids Recovery in School Furniture Market Order Rates Accelerated Through Year-End and Into First Quarter of fiscal year ending January 31, 2023 Company Sig...

Gainers: Kandi Technologies Group KNDI +12%. Yatsen (NYSE:YSG) +8%. Virco (NASDAQ:VIRC) +6%. Conn's (NASDAQ:CONN) +5%. Xcel Brands (NASDAQ:XELB) +5%. Losers: Zovio (NASDAQ:ZVO) -11%. Bright Scholar Education BEDU -11%. MeaTech 3D (NASDAQ:MITC) -10%. NuZee (NYSE:T...

Virco Manufacturing (NASDAQ:VIRC): Q3 GAAP EPS of $0.08 misses by $0.25. Revenue of $57.33M (+0.2% Y/Y) misses by $22.07M. Press Release Gross margin was 35.4% for the third quarter of fiscal 2022, compared with 38.9% in the same period of the prior fiscal year. For further details see: ...

Highlights: Stimulus funding continues to drive high order rates Material shortages and higher input costs impact third quarter net sales and gross margin Output and shipments accelerating into fiscal fourth quarter TORRANCE, Calif., Dec. 13, 2021 (GL...

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 c...

Highlights: Stimulus funding driving substantial increase in spending on furniture and equipment for schools $60 million backlog represents a record level for Virco and nearly 200% higher vs. 2019 Current order, production, and shipping trends expected to resul...