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Virco Manufacturing Corp. - VIRC STOCK NEWS

Welcome to our dedicated news page for Virco Manufacturing (Ticker: VIRC), a resource for investors and traders seeking the latest updates and insights on Virco Manufacturing.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Virco Manufacturing's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Virco Manufacturing's position in the market.

News
Virco Reports Full Year Revenue Increased 16.5% to $269.1 million, delivering 32.4% growth in Net Income
Rhea-AI Summary
Virco Mfg. (VIRC) reports strong financial results for the fourth quarter and full fiscal year ended January 31, 2024. Net revenue increased to $269.1 million, with a 16.5% growth from the prior year. The company achieved a record Net Income of $21.9 million, improved Gross Margin of 43.1%, and a debt-free status. The vertical business model and experienced staff supported efficient operations and financial performance. Virco's integrated strategy ensured timely delivery of school furniture, enhancing customer service and order-to-cash cycle control.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.54%
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News
Virco Issues Updated Investor Presentation
Rhea-AI Summary
Virco Mfg. (VIRC) updates investors on its strong recovery post-pandemic school closures, showcasing record-breaking financial results. CEO Robert Virtue highlights the company's resilience and successful strategy during challenging times.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.38%
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none
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News
Virco Announces First Quarter Cash Dividend
Rhea-AI Summary
Virco Mfg. Corporation (VIRC) announces a cash dividend for Q1 of fiscal 2025, showcasing strong performance and commitment to shareholders. The company is in the closing process for fiscal year 2024, with a focus on quality and service commitments.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.42%
Tags
dividends
News
Virco Reports Record 3rd Quarter and YTD Results
Rhea-AI Summary
Virco Mfg. Corporation (NASDAQ: VIRC) reported a 29% increase in net income and 9% growth in sales for the third quarter ended October 31, 2023. The company declared a regular quarterly dividend of $0.02 per share and authorized a $5 million share repurchase program. Gross margin improved to 45.4% from 39.8%, and operating income grew 67.1% to $14,706,000. For the nine months ended October 31, 2023, sales increased 17.8% to $226,516,000 from the prior year. The company's preferred measure of business momentum, YTD shipments + unshipped backlog, stood at $268,067,000 on October 31, 2023, reflecting a 76% growth since the low point of the pandemic. The company attributes this strong growth to its domestically-based, vertically-integrated business model and the resilience of the markets for public and private school furniture.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
21.4%
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News
Virco Operating Income Nearly Doubles as Second Quarter Revenue Jumps 30%
Rhea-AI Summary
Virco Mfg. Corporation reports strong Q2 results with revenue up 30% YoY to $107.3 million and operating income nearly doubling to $21.3 million. Year-to-date revenue increased 23.8% to $142.3 million and operating income improved to $19.9 million. Gross margin for Q2 improved from 38.5% to 45.3%.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
9.48%
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none
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News
Virco Reports 8.7% Increase in First Quarter Revenue and 16.4% Increase in “Shipments + Backlog”
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
8.63%
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none
News
Virco Reports Full Year Revenue Increased 25% to $231.1 Million, Delivering Operating Income of $10.8 Million
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.88%
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News
Virco Reports Third Quarter Revenue Increased 35%, Driving Improved Financial Performance Across Multiple Metrics
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
8.4%
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News
Virco Reports $0.60 EPS for Second Quarter Driven by 40% Increase in Revenue as U.S. Factories Provide Timely Support for School Reopenings
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
12.12%
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none
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Virco Reports 13% Increase in First Quarter Revenue; Competitive Advantages of Domestic Factories and U.S. School Furniture Market Lead to Record Orders and Backlog
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.24%
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Stock VIRC logo
Virco Manufacturing Corp.

Nasdaq:VIRC

VIRC Rankings

#3847 Ranked by Market Cap
#445 Ranked by Stock Gains
#1928 Ranked by Dividends

VIRC Stock Data

194.54M
9.50M
15.59%
26.01%
2.25%
Institutional Furniture Manufacturing
Manufacturing
Link
United States
Torrance

About VIRC

as america's leading manufacturer and supplier of classroom furniture and equipment, virco product has proudly served the diverse education community for over 65 years. at virco, we're committed to providing the best selection of equipment for educators™ from preschool through high school to higher learning (colleges & universities), trade, technical and vocational schools. virco is proud of our iconic american quality and innovation - we design, manufacturer and assemble our products at state-of-the-art facilities in torrance, california and conway, arkansas. built with the highest quality raw materials, we are committed to providing the best solutions for educators for today's 21st century learners.