Virco Earnings Reports

Virco Mfg. Corporation announced a significant increase in shipments for the First Quarter ended April 30, 2024, with revenue growing 33.7% compared to the prior year, resulting in a net income of $2.1 million, a substantial improvement from a $1.4 million loss in the same period last year. The company also declared a quarterly dividend of $0.02 per share and completed a $1.5 million share repurchase.

Virco Mfg. Corporation reported a 9.8% increase in revenue for the seasonally light fourth quarter, reaching $42.6 million. For the full fiscal year, revenue increased by 16.5% to $269.1 million, with net income growing 32.4% to $21.9 million. The company ended the year effectively debt-free.