Virco Revenue Falls 6.1% Through Six Months to $118.2M Amid School Furniture Rebalancing
Virco ManufacturingSigSignificance2.13SenSentiment-2.18EnvEnvironment0.00SocSocial0.00GovGovernance0.00
Virco reported second-quarter operating income of $10.5 million, above its long-term average, but net sales fell to $87.5 million from $92.1 million a year earlier. Operating income declined to $10.5 million from $15.4 million. For six months, net income dropped 46.5% to $5.8 million. Management cited slight demand improvement after school budget approvals, but warned results likely remain constrained at this low point in the cycle.
Coverage (3)
- Virco Reports Revenue through Six Months Declined 6.1% to $118.2 Million from $125.8 Million, as Rebalancing of School Furniture Market Continues (markets.businessinsider.com)
- Virco Reports Revenue through Six Months Declined 6.1% to $118.2 Million from $125.8 Million, as Rebalancing of School Furniture Market Continues (globenewswire.com)
- Virco Reports Revenue through Six Months Declined 6.1% to $118.2 Million from $125.8 Million, as Rebalancing of School Furniture Market Continues (globenewswire.com)