Virco Adopts New Share Repurchase ProgramTORRANCE, Calif., Jan. 21, 2025 (GLOBE NEWSWIRE) -- Virco Mfg. Corporation (
NASDAQ:VIRC), a leading manufacturer and supplier of movable furniture and equipment for educational environments and public spaces, announced today that its Board of Directors has approved a new share repurchase program for up to $10,000,000 of the Company’s Common Stock. The program will commence February 1, 2025 and has no time limit.
Virco Reports Third Quarter Results: Robust Balance Sheet and Strengthening Cash Flows as School Furniture Market Returns to pre-Pandemic Seasonal PatternsTORRANCE, 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:
Virco Reports Improved Financial Position Following Record Second Quarter and First Half ResultsTORRANCE, Calif., Sept. 09, 2024 (GLOBE NEWSWIRE) -- Virco Mfg. Corporation (
NASDAQ: VIRC), a leading manufacturer and supplier of movable furniture and equipment for educational environments, announced results for the Company’s Second Quarter and first six months ended July 31, 2024.
Virco Reports 33.7% Increase in First Quarter Revenue; Net Income of $2.1 million; Declares Regular Quarterly DividendTORRANCE, Calif., June 07, 2024 (GLOBE NEWSWIRE) -- Virco Mfg. Corporation (
NASDAQ: VIRC), the leading manufacturer and supplier of movable furniture and equipment for educational environments in the United States, announced shipments for the First Quarter ended April 30, 2024, grew 33.7% compared to the same quarter in the prior year, generating net income of $2.1 million vs. a loss of $1.4 million in the same seasonally light quarter of the prior year.
Virco Reports Full Year Revenue Increased 16.5% to $269.1 million, delivering 32.4% growth in Net IncomeTORRANCE, Calif., April 12, 2024 (GLOBE NEWSWIRE) -- Virco Mfg. Corporation (
NASDAQ: VIRC), the leading manufacturer and supplier of moveable furniture and equipment for educational environments in the United States, today reported financial results for the fourth quarter and full fiscal year ended January 31, 2024.
Virco Issues Updated Investor PresentationTORRANCE, Calif., April 01, 2024 (GLOBE NEWSWIRE) -- Virco Mfg. Corporation (
NASDAQ: VIRC) (the “Company”), the nation’s largest manufacturer and supplier of educational furniture and equipment, today issued an update of its investor presentation, highlighting the Company’s strong recovery following pandemic-related school closures. The investor update is available on the Company’s website at www.virco.com.
Virco Announces First Quarter Cash DividendTORRANCE, Calif., Feb. 27, 2024 (GLOBE NEWSWIRE) -- Virco Mfg. Corporation (
NASDAQ: VIRC), the largest manufacturer and supplier of movable furniture and equipment for educational environments in the United States, declared a cash dividend for the first quarter of fiscal 2025 of $0.02 per share of common stock, payable on April 10, 2024 to shareholders of record as of March 7, 2024.
Virco Reports Record 3rd Quarter and YTD ResultsTORRANCE, Calif., Dec. 08, 2023 (GLOBE NEWSWIRE) -- Virco Mfg. Corporation (
NASDAQ: VIRC) reported financial results for the third quarter ended October 31, 2023, as well as the reinstatement of a quarterly dividend of $0.02 per share and a $5,000,000 open market share repurchase program.
Virco Operating Income Nearly Doubles as Second Quarter Revenue Jumps 30%TORRANCE, Calif., Sept. 11, 2023 (GLOBE NEWSWIRE) -- Virco Mfg. Corporation (
NASDAQ: VIRC), the largest manufacturer and supplier of movable furniture and equipment for educational environments in the United States, today reported financial results for the quarterly period ended July 31, 2023 (second quarter of fiscal 2024).
Virco Reports 8.7% Increase in First Quarter Revenue and 16.4% Increase in “Shipments + Backlog”TORRANCE, Calif., June 12, 2023 (GLOBE NEWSWIRE) -- Virco Mfg. Corporation (
NASDAQ: VIRC), the largest manufacturer and supplier of movable furniture and equipment for educational environments in the United States, today reported financial results for the quarterly period ended April 30, 2023 (first quarter of fiscal 2024).
Virco Reports Full Year Revenue Increased 25% to $231.1 Million, Delivering Operating Income of $10.8 MillionTORRANCE, 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 Third Quarter Revenue Increased 35%, Driving Improved Financial Performance Across Multiple MetricsTORRANCE, 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.
