secwatch.observer — SEC 8-K summary
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Issuer:     VIRCO MFG CORPORATION (VIRC)
CIK:        0000751365
Form:       8-K
Filed at:   2023-09-11T23:59:59+00:00
Accession:  0001628280-23-031957
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/751365/000162828023031957/0001628280-23-031957-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/751365/000162828023031957/virc-20230911.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-031957

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