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Last $2.75 USD
Change Today -0.02 / -0.72%
Volume 7.1K
VIRC On Other Exchanges
Symbol
Exchange
NASDAQ GM
As of 5:20 PM 05/5/15 All times are local (Market data is delayed by at least 15 minutes).

virco mfg corporation (VIRC) Snapshot

Open
$2.75
Previous Close
$2.77
Day High
$2.78
Day Low
$2.65
52 Week High
12/10/14 - $3.85
52 Week Low
05/19/14 - $2.00
Market Cap
40.8M
Average Volume 10 Days
63.1K
EPS TTM
$0.06
Shares Outstanding
14.9M
EX-Date
12/22/11
P/E TM
43.9x
Dividend
--
Dividend Yield
--
Current Stock Chart for VIRCO MFG CORPORATION (VIRC)

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virco mfg corporation (VIRC) Details

Virco Mfg. Corporation engages in the design, production, and distribution of furniture for the commercial and education markets in the United States. The company offers seating products, including cantilever and tablet arm chairs, rockers, hard plastic seats, backrests, work surfaces, 4-leg chairs, stools, task and classroom chairs, stack and folding chairs, upholstered stack and ergonomic chairs, and plastic stack chairs. It also provides folding and banquet tables, activity tables, office tables, computer tables, and mobile tables; and computer furniture, such as keyboard mouse trays, CPU holders, support columns, desks and workstations, and specialty tables and other products. In addition, the company offers chair desks, combo units, and tablet arm units, as well as a collection of returns and credenzas. Further, it provides administrative office furniture, including desks, returns, bookcases, storage cabinets, and other items, as well as wardrobe tower cabinets, file credenzas parameter mobile pedestals, and plateau bookcases; laboratory furniture comprising steel-based science tables, table bases, lab stools, steel foot-rings, and wood-frame science tables; mobile furniture, including mobile tables for cafeterias, mobile cabinets, and mobile chairs for school settings and offices; and handling and storage equipment, as well as manufactures stackable storage trucks. It serves educational institutions, convention centers and arenas, hospitality industry, government facilities, and places of worship. Virco Mfg. Corporation founded in 1950 and is headquartered in Torrance, California.

685 Employees
Last Reported Date: 04/24/15
Founded in 1950

virco mfg corporation (VIRC) Top Compensated Officers

Chairman of The Board and Chief Executive Off...
Total Annual Compensation: $240.5K
President and Chief Operating Officer
Total Annual Compensation: $213.7K
Principal Financial Officer, Vice President o...
Total Annual Compensation: $255.5K
Compensation as of Fiscal Year 2013.

virco mfg corporation (VIRC) Key Developments

Virco Mfg. Corporation Announces Earnings Results for the Fourth Quarter and Full Year Ended January 31, 2015

Virco Mfg. Corporation announced earnings results for the fourth quarter and full year ended January 31, 2015. For the quarter, the company announced net sales of $25,354,000 compared to $19,480,000 for the same period a year ago. Operating loss was $4,890,000 compared to $7,749,000 for the same period a year ago. Loss before income taxes was $5,117,000 compared to $7,928,000 for the same period a year ago. Net loss was $5,131,000 or $0.35 per basic and diluted share compared to $6,901,000 or $0.47 per basic and diluted share for the same period a year ago. Net operating loss in this seasonally slow quarter improved from last year, reflecting the benefit of higher revenue. For the full year, the company announced net sales of $164,052,000 compared to $155,042,000 for the same period a year ago. Operating income was $2,372,000 compared to operating loss of $1,431,000 for the same period a year ago. Income before income taxes was $918,000 compared to loss before income taxes of $2,733,000 for the same period a year ago. Net income was $849,000 or $0.06 per basic and diluted share compared to net loss of $1,730,000 or $0.12 per basic and diluted share for the same period a year ago.

Virco Mfg Corporation Announces Earnings Results for the Third Quarter and Nine Months Ended October 31, 2014

Virco Mfg Corporation announced earnings results for the third quarter and nine months ended October 31, 2014. For the quarter, the company reported net sales of $62,652,000 compared to $59,454,000 a year ago. Income before income taxes was $4,400,000 compared to $3,394,000 a year ago. Net income was $4,632,000 or $0.31 per basic and diluted share compared to $3,408,000 or $0.23 per basic and diluted share a year ago. For the nine months, the company reported net sales of $139,374,000 compared to $136,277,000 a year ago. Income before income taxes was $6,035,000 compared to $5,195,000 a year ago. Net income was $5,980,000 or $0.40 per diluted share compared to $5,171,000 or $0.35 per basic and diluted share a year ago.

Virco Mfg. Corporation Announces Financial Results for the Second Quarter and Six Months Ended July 31, 2014 and Revenue Results for the Month and Year to Date Ended August 2014

Virco Mfg. Corporation announced financial results for the second quarter and six months ended July 31, 2014 and revenue results for the month and year to date ended August 2014. For the quarter, the company reported income before income taxes of $5,509,000 and net income of $5,203,000 or $0.35 per diluted share on net sales of $53,192,000 compared to income before income taxes of $6,285,000 and net income of $6,210,000 or $0.42 per diluted share on net sales of $56,933,000 reported a year ago. Revenue declined by 6.6% as a result of timing of orders received in July that shipped in August. For the six months, the company reported income before income taxes of $1,635,000 and net income of $1,348,000 or $0.09 per diluted share on net sales of $76,722,000 compared to income before income taxes of $1,801,000 and net income of $1,763,000 or $0.12 per diluted share on net sales of $76,823,000 reported a year ago. Net income declined due largely to a later-than-normal delivery season and a larger provision for state income taxes, which had the effect of moving more revenue and associated earnings into the month of August, which is part of the company's third quarter. The underlying improvement in operating efficiencies is the cumulative result of management initiatives over the past several years. By the end of August most of these orders had moved completely through the delivery cycle, boosting August, 2014 revenues to $35,739,000 against $32,165,000 for August of 2013. Year to date revenue at the end of August 2014 was $112,461,000 against $108,988,000 last year, an increase of 3.2%.

 

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Industry Analysis

VIRC

Industry Average

Valuation VIRC Industry Range
Price/Earnings 47.0x
Price/Sales 0.2x
Price/Book 1.8x
Price/Cash Flow 46.5x
TEV/Sales 0.2x
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