secwatch.observer — SEC 8-K summary
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Issuer:     VIRCO MFG CORPORATION (VIRC)
CIK:        0000751365
Form:       8-K
Filed at:   2024-09-09T23:59:59+00:00
Accession:  0001628280-24-039824
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Virco Q2 revenue $108.4M (+1% YoY); operating margin 20.2%; YTD EPS record $1.16; dividend raised
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- Revenue $108.4M (+1% YoY); first-half revenue $155.2M (+9.1%). Gross margin improved to 46.3% from 45.3%.
- Operating income Q2 record $21.9M (20.2% margin); first-half operating income $24.9M (16.0% margin).
- YTD diluted EPS $1.16 (record); Q2 EPS improved 9.5% from prior year.
- Company is effectively debt-free mid-summer for first time in 75 years; interest expense fell to $322K from $1.08M.
- Quarterly dividend increased to $0.025/share (payable Oct 11, record Sep 20); $3.5M remains for buybacks.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/751365/000162828024039824/0001628280-24-039824-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/751365/000162828024039824/virc-20240909.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-039824

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