secwatch.observer — SEC 8-K summary
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Issuer:     VIRCO MFG CORPORATION (VIRC)
CIK:        0000751365
Form:       8-K
Filed at:   2024-04-12T23:59:59+00:00
Accession:  0001628280-24-016000
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Virco reports FY revenue up 16.5% to $269.1M; net income rises to $21.9M
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- Full year revenue $269.1M (+16.5% YoY); net income $21.9M vs $16.5M.
- Gross margin improved to 43.1% from 36.9%; operating income $31.9M vs $10.6M.
- Cash flow from operations $27.0M; company effectively debt-free at year end.
- Ships + Backlog reached record $317.6M vs $289.6M last year.
- Q4 revenue $42.6M (+9.8%); Q4 gross margin 37.7% vs 33.5%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/751365/000162828024016000/0001628280-24-016000-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/751365/000162828024016000/virc-20240412.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-016000

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer