Virco Mfg. Corporation (VIRC)
| Market Cap | 252.97M |
| Revenue (ttm) | 282.01M |
| Net Income (ttm) | 26.79M |
| Shares Out | 16.29M |
| EPS (ttm) | 1.63 |
| PE Ratio | 9.54 |
| Forward PE | 9.53 |
| Dividend | $0.10 (0.64%) |
| Ex-Dividend Date | Sep 20, 2024 |
| Volume | 80,167 |
| Open | 15.50 |
| Previous Close | 15.55 |
| Day's Range | 15.23 - 16.18 |
| 52-Week Range | 6.26 - 18.50 |
| Beta | 0.65 |
| Analysts | Buy |
| Price Target | 19.00 (+22.34%) |
| Earnings Date | Dec 6, 2024 |
About VIRC
Virco Mfg. Corporation engages in the design, production, and distribution of furniture in the United States and Canada. The company offers seating products, including 4-leg chairs, cantilever chairs, mobile task chairs and lab stools, tablet armchairs, steel-frame and floor rockers, series stools, hard plastic seating, folding and upholstered stack chairs, and plastic stack and upholstered ergonomic chairs. It also provides activity, butcher block, folding, office, technology, and mobile tables; desks and workstations, and instructor media sta... [Read more]
Financial Performance
In 2023, Virco Mfg.'s revenue was $269.12 million, an increase of 16.47% compared to the previous year's $231.06 million. Earnings were $21.91 million, an increase of 32.41%.
Financial StatementsAnalyst Forecast
According to one analyst, the rating for VIRC stock is "Buy" and the 12-month stock price forecast is $19.0.
News
Rate Cut Winners: Top 5 Small-Caps Ready For A Rally
Small-cap stocks tend to benefit in a declining rate environment due to cheaper borrowing costs, increased investor risk appetite, and enhanced growth potential. While small-cap stocks can offer more ...
Virco's Q2 Shows Clear Signs Of Deterioration, But Stock Is Still A Hold
Virco's 2Q25 revenues surprised positively, despite a declining backlog, due to improved order processing and continued disaster relief shipments. Management is cautious about future trends, removing ...
Virco Reports Improved Financial Position Following Record Second Quarter and First Half Results
TORRANCE, Calif., Sept. 09, 2024 (GLOBE NEWSWIRE) -- Virco Mfg. Corporation (NASDAQ: VIRC), a leading manufacturer and supplier of movable furniture and equipment for educational environments, announc...
Virco: The Wind Of Fortune Is Blowing In Its Favor
Virco benefited from the post-Covid-19 supply chain changes, leveraging extreme seasonality and the Price/Cube Threshold for competitive advantage in the US school furniture market. Despite average fi...
Virco's Q1 Was Good But Backlogs Point To Challenges Ahead
Virco posted significant revenue growth, at 33%, with gross and operating margin expansion. However, a big part of that growth was generated by a less recurring disaster relief project. Without it, re...
Virco Reports 33.7% Increase in First Quarter Revenue; Net Income of $2.1 million; Declares Regular Quarterly Dividend
TORRANCE, 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...
Virco Reports Full Year Revenue Increased 16.5% to $269.1 million, delivering 32.4% growth in Net Income
TORRANCE, 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 th...
Virco Issues Updated Investor Presentation
TORRANCE, 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, toda...
Virco Announces First Quarter Cash Dividend
TORRANCE, 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 ...
Virco Reports Record 3rd Quarter and YTD Results
TORRANCE, 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 qua...
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...
Virco Dirt Cheap And At An Inflection Point
Virco Industries, the largest manufacturer of K-12 school furniture in the US, is set to benefit from increased school spending due to stimulus and pent up demand. The company's operating metrics are ...
Virco: Peak Season Is Shaping Up Well
Virco's Q1 FY24 operating loss shrank by 72.3% to $1.3 million thanks to price increases and diminished international supply chain disruptions. VIRC finished April with an order backlog of $104.6 mill...
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 ...
Virco Reports Full Year Revenue Increased 25% to $231.1 Million, Delivering Operating Income of $10.8 Million
TORRANCE, 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 m...
Virco Hasn't Looked This Good In Decades
In my view, recent global supply chain disruptions were a blessing in disguise for Virco as high shipping costs improved the competitiveness of U.S. school furniture producers. During the first nine m...
Virco Reports Third Quarter Revenue Increased 35%, Driving Improved Financial Performance Across Multiple Metrics
TORRANCE, 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....
Virco Reports $0.60 EPS for Second Quarter Driven by 40% Increase in Revenue as U.S. Factories Provide Timely Support for School Reopenings
HIGHLIGHTS:
Virco Announces Preliminary Fourth Quarter and Full-Year 2022 Results
TORRANCE, Calif., April 21, 2022 (GLOBE NEWSWIRE) -- Virco Mfg. Corporation (NASDAQ: VIRC), the largest manufacturer and supplier of movable furniture and equipment to the education market in the Unit...
Virco Reports $0.08 Per Share Net Income for Fiscal Third Quarter, 7.6% Increase in Revenue through Nine Months, and Record Backlog
Highlights:
Virco Amends Credit Facility to Allow for Shareholder Distributions
TORRANCE, Calif., Oct. 01, 2021 (GLOBE NEWSWIRE) -- Virco Mfg. Corporation (Nasdaq: VIRC), the largest manufacturer and supplier of movable furniture and equipment to the education market in the Unite...
Virco Reports 5.8% Increase in Net Income for Second Quarter and Record Backlog
Highlights:
Virco Reports First Quarter Results
TORRANCE, Calif., June 11, 2021 (GLOBE NEWSWIRE) -- Virco Mfg. Corporation (Nasdaq: VIRC) released First Quarter results for the period ended April 30, 2021, in the following letter to Shareholders:
Virco Reports Results for Fourth Quarter and Year-Ended January 31, 2021
TORRANCE, Calif., April 28, 2021 (GLOBE NEWSWIRE) -- Virco Mfg. Corporation (NASDAQ: VIRC) today reported financial results for the fourth quarter and full year ended January 31, 2021, in the followin...