secwatch.observer — SEC 8-K summary
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Issuer:     VIRCO MFG CORPORATION (VIRC)
CIK:        0000751365
Form:       8-K
Filed at:   2022-09-13T23:59:59+00:00
Accession:  0001628280-22-024830
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Virco Q2 EPS $0.60 vs $0.24 YoY; revenue +40% to $82.8M
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- Net sales $82.8M, up 40.3% from $59.0M; net income $9.7M ($0.60 diluted EPS) vs $3.8M ($0.24).
- Gross margin improved to 38.5% from 37.8% on 30% factory output increase and operating leverage.
- Shipments plus backlog $194.7M vs $154.6M YoY; August shipments nearly $17M higher than prior year.
- Company expects return to annual profitability; additional price adjustment implemented for Q4 shipments.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/751365/000162828022024830/0001628280-22-024830-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/751365/000162828022024830/virc-20220913.htm
  HTML page:      https://secwatch.observer/filing/0001628280-22-024830

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