Virco Reports Third Quarter Results: Robust Balance Sheet and Strengthening Cash Flows as School Furniture Market Returns to pre-Pandemic Seasonal Patterns
Virco Manufacturing Corporation (VIRC)
US:NASDAQ Investor Relations:
virco.com/investors
Company Research
Source: GlobeNewswire
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, Calif., Dec. 09, 2024 (GLOBE NEWSWIRE) -- Virco Mfg. Corporation (NASDAQ:VIRC) a leading manufacturer and supplier of movable furniture and equipment for educational environments and public spaces, announced results for the Company’s Third Quarter and first Nine Months ended October 31, 2024: For the Third Quarter, including the months of August, September, and October, revenue declined slightly to $82,620,000 from $84,252,000 in the same quarter of the prior year. For the first nine months, revenue grew 5.0% to $237,774,000 from $226,516,000 in the first nine months of last year. Gross Profit for the Third Quarter declined 4.0% to $36,678,000 compared to $38,211,000 in last year’s Third Quarter. Through nine months, Gross Profit increased 7.3% to $10
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News
- Virco Mfg (NASDAQ:VIRC) Is Paying Out A Dividend Of $0.025 [Yahoo! Finance]Yahoo! Finance
- Virco Mfg. Co. (NASDAQ: VIRC) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- Virco Mfg. Co. (NASDAQ: VIRC) had its "outperform" rating re-affirmed by analysts at Wedbush. They now have a $17.00 price target on the stock, down previously from $20.00.MarketBeat
- Virco's Q3 Earnings & Sales Lag, Both Decline Y/Y, Stock Dips [Yahoo! Finance]Yahoo! Finance
- Despite shrinking by US$53m in the past week, Virco Mfg (NASDAQ:VIRC) shareholders are still up 326% over 3 years [Yahoo! Finance]Yahoo! Finance
VIRC
Earnings
- 12/9/24 - Miss
VIRC
Sec Filings
- 12/9/24 - Form 8-K
- 12/9/24 - Form 10-Q
- VIRC's page on the SEC website