Virco Mfg (VIRC) Stock

VIRC's third-quarter fiscal 2024 results reflect a performance decline due to weather risks and unfavorable shipment timings. Also, high costs and expenses hurt.

Virco Manufacturing Corporation (VIRC) came out with quarterly earnings of $0.52 per share, missing the Zacks Consensus Estimate of $0.87 per share. This compares to earnings of $0.62 per share a year ago.

TORRANCE, Calif., Dec. 09, 2024 (GLOBE NEWSWIRE) -- Virco Mfg. Corporation (NASDAQ:VIRC) a leading manufacturer and supplier of movable furniture and equipment for educational environments and public spaces, announced results for the Company's Third Quarter and first Nine Months ended October 31, 2024:

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 the 'shipments plus backlog' figure and warning of post-pandemic recovery uncertainties. Higher shipping costs could benefit Virco by increasing competitors' costs, but the fading ESSER stimulus poses a revenue risk.

Virco Mfg. Corporation (VIRC), Brady Corporation (BRC), Broadcom Inc. (AVGO) and Verizon Communications Inc. (VZ) recently announced dividend hikes.

VIRC's second-quarter fiscal 2024 results benefit from higher factory output and improved operating efficiencies, along with a significant counter-seasonal disaster recovery order.

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, announced results for the Company's Second Quarter and first six months ended July 31, 2024.

Virco Mfg. Corporation VIRC has seen its shares rise steadily, rallying 30.9% in the past three months, outperforming the Zacks Furniture industry's 13.3% growth. The broader Consumer Discretionary sector rose 3.9% and the S&P 500 grew 7.1% in the same time frame.

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