Virco Reports Improved Profitability for Fiscal Quarter and Year-Ended January 31, 2020
Virco Manufacturing Corporation (VIRC)
US:NASDAQ Investor Relations:
virco.com/investors
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Source: GlobeNewswire
Operating income more than doubles on modestly lower revenueDomestic factories and warehouses yield improved efficienciesOrder activity remains stable TORRANCE, Calif., April 30, 2020 (GLOBE NEWSWIRE) -- Virco Mfg. Corporation (NASDAQ: VIRC) today reported financial results for the fourth quarter and full year ended January 31, 2020, in the following press release to shareholders and customers: Reflecting an intentional emphasis on the higher value-added of project management, operating income more than doubled for the full fiscal year despite a 5% decline in overall revenue. For the full year ended January 31, 2020, operating income improved to $5,915,000 compared to $2,331,000 last year. Revenue declined to $191,063,000 from $200,716,000. Net earnings for the year were $2,382,000 vs. a loss of $1,614,000 the prior year. Turnkey Furniture, Fixtures, and Equipment (FF&E) projects for new school buildings involve complex specifications and phased, time-sensiti
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- Here's Why We Think Virco Mfg (NASDAQ:VIRC) Is Well Worth Watching [Yahoo! Finance]Yahoo! Finance
- Virco Manufacturing Corporation (VIRC) Reports Q4 Loss, Tops Revenue Estimates [Yahoo! Finance]Yahoo! Finance
- Virco Reports Full Year Revenue Increased 16.5% to $269.1 million, delivering 32.4% growth in Net Income [Yahoo! Finance]Yahoo! Finance
VIRC
Analyst Actions
- 2/15/24 - TheStreet
VIRC
Sec Filings
- 4/12/24 - Form 10-K
- 4/12/24 - Form 8-K
- 4/1/24 - Form 8-K
- VIRC's page on the SEC website