Virco Mfg. Corporation

VIRC

US9276511097

Business Support Supplies

Market Closed - Nasdaq Other stock markets 04:00:00 2024-04-26 pm EDT			5-day change	1st Jan Change
10.99 ^USD	-0.09%		+7.12%	-8.65%

Apr. 12	Virco Mfg. Corporation Reports Earnings Results for the Full Year Ended January 31, 2024	CI
Apr. 12	Wedbush Raises Virco Manufacturing's PT to $16 From $14 After Better-Than-Expected Fiscal Q4 Results, Maintains Outperform Rating	MT

Virco Mfg. Corporation Reports Earnings Results for the Second Quarter and Six Months Ended July 31, 2023

September 11, 2023 at 08:30 am EDT

Virco Mfg. Corporation reported earnings results for the second quarter and six months ended July 31, 2023. For the second quarter, the company reported sales was USD 107.32 million compared to USD 82.8 million a year ago. Net income was USD 15.53 million compared to USD 9.68 million a year ago. Basic earnings per share from continuing operations was USD 0.95 compared to USD 0.6 a year ago. Diluted earnings per share from continuing operations was USD 0.95 compared to USD 0.6 a year ago.
For the six months, sales was USD 142.26 million compared to USD 114.88 million a year ago. Net income was USD 14.09 million compared to USD 4.6 million a year ago. Basic earnings per share from continuing operations was USD 0.87 compared to USD 0.29 a year ago. Diluted earnings per share from continuing operations was USD 0.87 compared to USD 0.29 a year ago.

Latest news about Virco Mfg. Corporation

Virco Mfg. Corporation Reports Earnings Results for the Full Year Ended January 31, 2024	Apr. 12	CI
Wedbush Raises Virco Manufacturing's PT to $16 From $14 After Better-Than-Expected Fiscal Q4 Results, Maintains Outperform Rating	Apr. 12	MT
Virco Mfg. Corporation Reports Earnings Results for the Full Year Ended January 31, 2024	Apr. 12	CI
Virco Manufacturing Keeps Quarterly Dividend at $0.02 a Share, Payable April 10 to Shareholders of Record on March 7	Feb. 27	MT
Virco Mfg. Corporation Declares Cash Dividend for the First Quarter of Fiscal 2025 on Common Stock, Payable on April 10, 2024	Feb. 27	CI
Wedbush Lifts Virco Manufacturing's PT to $14 From $12 After Higher-Than-Expected Fiscal Q3 Results, Keeps Outperform Rating	Dec. 08	MT
Virco Mfg. Corporation announces an Equity Buyback for $5 million worth of its shares.	Dec. 08	CI
Earnings Flash (VIRC) VIRCO MFG. CORPORATION Reports Q3 Revenue $84.3M	Dec. 08	MT
Earnings Flash (VIRC) VIRCO MFG. CORPORATION Reports Q3 EPS $0.62	Dec. 08	MT
Virco Mfg. Corporation Reports Earnings Results for the Third Quarter and Nine Months Ended October 31, 2023	Dec. 08	CI
Virco Mfg. Corporation Re-Instates Quarterly Dividend, Payable on January 10, 2024	Dec. 08	CI
Virco Mfg. Corporation authorizes a Buyback Plan.	Dec. 07	CI
Wedbush Lifts Virco Manufacturing's Price Target to $12 From $10, Keeps Outperform Rating	23-09-12	MT
Earnings Flash (VIRC) VIRCO MFG. CORPORATION Posts Q2 Revenue $107.3M	23-09-11	MT
Earnings Flash (VIRC) VIRCO MFG. CORPORATION Reports Q2 EPS $0.95	23-09-11	MT
Virco Mfg. Corporation Reports Earnings Results for the Second Quarter and Six Months Ended July 31, 2023	23-09-11	CI
Virco Mfg. Corporation(NasdaqGM:VIRC) added to Russell 3000E Growth Index	23-06-23	CI
Virco Mfg. Corporation(NasdaqGM:VIRC) added to Russell Microcap Growth Index	23-06-23	CI
Earnings Flash (VIRC) VIRCO MFG. CORPORATION Reports Q1 Revenue $34.9M	23-06-12	MT
Virco Mfg. Corporation Reports Earnings Results for the First Quarter Ended April 30, 2023	23-06-12	CI
Virco Mfg. Corporation and Virco Inc Enters into Amendment No. 3 to Amended and Restated Revolving Credit and Security Agreement	23-05-22	CI
Wedbush Lifts Virco Manufacturing's Price Target to $10 From $9, Keeps Outperform Rating	23-05-02	MT
Virco Mfg. Corporation Reports Earnings Results for the Full Year Ended January 31, 2023	23-04-28	CI
Virco Mfg. Corporation Announces Demise of Donald R. Rudkin, Board Member; Appoints Robert Lind as New Chair of the Audit Committee	22-12-12	CI
Earnings Flash (VIRC) VIRCO MFG. CORPORATION Reports Q3 Revenue $77.4M	22-12-12	MT

Chart Virco Mfg. Corporation

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Company Profile

Virco Mfg. Corporation is engaged in designing, producing, and distributing furniture for a family of customers. The Company is a manufacturer and supplier of movable educational furniture and equipment for the preschool through 12th grade market in the United States. The Company manufactures an assortment of products, including mobile tables, mobile storage equipment, desks, technology tables, chairs, activity tables, folding chairs, and folding tables. In addition, it has also developed products for contemporary applications. These include the ZUMA Series; the Analogy and Civitas furniture collections; the Metaphor and Sage Series items for educational settings; the Plateau and Text Series, and the new Topaz Series. It also supplies furniture and equipment to colleges and universities; convention centers and arenas; the hospitality industry with respect to banquet and meeting facilities; government facilities at the federal, state, county, and municipal levels, and places of worship.

Sector

Business Support Supplies

Calendar

2024-06-06 - Q1 2024 Earnings Release (Projected)

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Ratings for Virco Mfg. Corporation

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Investor Rating

ESG Refinitiv

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Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

10.99 USD

Average target price

16 USD

Spread / Average Target

+45.59%

Consensus

EPS Revisions

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Quarterly earnings - Rate of surprise

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Office Furniture