Virco Q2 revenue jumps 30% to $107M; operating income nearly doubles to $21.3M

VIRCO MFG CORPORATION

2024-Q2 EPS reported $0.87 revenue$142,264,000

Q2 revenue $107.3M (+30% YoY); operating income $21.3M vs $11.2M.
YTD revenue $142.3M (+24%); operating income $19.9M vs $6.4M.
Gross margin improved to 45.3% Q2 (38.5% prior year); YTD 43.4% vs 36.2%.
Interest expense increased to $1.08M Q2; company states adequate availability.
Management cites record backlog conversion and gain of new customers from import competitors.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

VIRCO MFG CORPORATION reported first six months of last year to $142,264,000 this year results: revenue $142,264,000.

Period: first six months of last year to $142,264,000 this year
Revenue: $142,264,000
Result: reported results

Exact text from the filing

Year-to-date, revenue increased 23.8% from $114,881,000 in the first six months of last year to $142,264,000 this year.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

VIRCO MFG CORPORATION reported the quarterly period ended July 31, 2023 (second quarter of fiscal 2024) results: revenue $107,321,000.

Period: the quarterly period ended July 31, 2023 (second quarter of fiscal 2024)
Revenue: $107,321,000
Result: reported results

Exact text from the filing

Virco Mfg. Corporation today reported that revenue for the second quarter ended July 31 grew 30% YOY from $82,797,000 to $107,321,000

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VIRCO MFG CORPORATION filing history →

Source: SEC EDGAR

accession 0001628280-23-031957

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