Virco Reports 15% Increase in Second Quarter Operating Income
Virco Manufacturing Corporation (VIRC)
US:NASDAQ Investor Relations:
virco.com/investors
Company Research
Source: GlobeNewswire
Operating Income Up 50% Through Six MonthsPrice Adjustments Correct for Higher Raw Material Costs, Tariff Impacts on Small ComponentsOperational Improvements, Flexible Domestic Factories Support Improved Order FulfillmentOrder Trends Suggest Possible Slowing of Business Activity TORRANCE, Calif., Sept. 13, 2019 (GLOBE NEWSWIRE) -- Virco Mfg. Corporation (Nasdaq:VIRC) today announced results for its fiscal quarter and first six months ended July 31, 2019: Operating income grew 15% in the fiscal second quarter to $10,179,000 this year versus $8,855,000 last year despite a 6% revenue decline in net sales, to $70,359,000 versus $74,802,000 during the same period last year. Through six months, operating income grew 50% from to $6,582,000 this year versus $4,387,000 last year. The Company’s business is highly seasonal, often resulting in operating losses in the first and fourth quarters offset by operating income in the second and third quarters, when deliveries of school furniture pea
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- Virco's Q2 Shows Clear Signs Of Deterioration, But Stock Is Still A Hold [Seeking Alpha]Seeking Alpha
- Virco Manufacturing Corporation (VIRC) Surpasses Q2 Earnings Estimates [Yahoo! Finance]Yahoo! Finance
- Virco Reports Improved Financial Position Following Record Second Quarter and First Half ResultsGlobeNewswire
- Virco: The Wind Of Fortune Is Blowing In Its Favor [Seeking Alpha]Seeking Alpha
- Virco Gears Up to Report Q2 Earnings: What in the Offing? [Yahoo! Finance]Yahoo! Finance
VIRC
Sec Filings
- 9/17/24 - Form 4
- 9/9/24 - Form 10-Q
- 9/9/24 - Form 8-K
- VIRC's page on the SEC website