VIRC - Dividend announcements

Shipments Plus Backlog Declines 1.8% to $103.7 MillionGross Margin Declines to 41.4% vs. 47.5% LY Unusually Late Order Cycle May Reward Flexibility and Response Time of Company's Domestic FactoriesBoard Declares Quarterly Dividend of $0.025 per Share, Payable July 10, 2026 to Shareholders of Record as of June 19, 2026First Quarter Shareholder Returns Reach $0.6 Million, Including Buybacks and Dividends TORRANCE, Calif., June 03, 2026 (GLOBE NEWSWIRE) -- Virco Mfg. Corporation (NASDAQ:VIRC), a leading manufacturer and direct supplier of moveable furniture and equipment for educational environments and public spaces in the United States, reported a modest loss due to slowing demand during t

Shareholder Distributions Totaled $5.6 Million, Including $1.6 Million of Dividends and $4.0 Million of Share RepurchasesTight Operating and Financial Controls in PlaceCurrent Ratio Remains Healthy at 3.1Early Order Rates Underscore Normalization of School Furniture Market TORRANCE, Calif., April 08, 2026 (GLOBE NEWSWIRE) -- Virco Mfg. Corporation (NASDAQ:VIRC), a leading manufacturer and supplier of moveable furniture and equipment for educational environments and public spaces, announced results for the Company's fourth quarter and full fiscal year ended January 31, 2026. For the fourth quarter alone, total revenue was $26.2 million, a decrease of 8.1% from $28.5 million in the same pe

Revenue through Nine Months Down 27.0% to $173.5 MillionNet Income through Nine Months is $9.6 MillionKey Balance Sheet Metrics Continue to Improve as Current Ratio Reaches 3.98Backlog Pulls Nearly Even on YOY Basis as Order Rates Begin to StabilizeBoard Declares Quarterly Cash Dividend of $0.025 per Share, Payable January 9, 2026 to Shareholders of Record as of December 19, 2025 TORRANCE, Calif., Dec. 08, 2025 (GLOBE NEWSWIRE) -- Virco Mfg. Corporation (NASDAQ:VIRC), a leading manufacturer and supplier of moveable furniture and equipment for educational environments and public spaces, announced results for the Company's Third Quarter and Nine Months ended October 31, 2025. Virco Mfg. Co

Operating income of $15.3 million through six months is third highest in past decade, following two record yearsGeneral downturn in school furniture market results in 15.1% decline in Second Quarter shipments; 18.9% decline through six monthsRevenue quality remains high, with YTD Gross Margin of 45.2%Board Declares Quarterly Dividend of $0.025 per Share, payable October 10, 2025 to Shareholders of Record as of September 19, 2025Management cautions for remainder of year due to ongoing uncertainties over economic conditions and related school funding TORRANCE, Calif., Sept. 05, 2025 (GLOBE NEWSWIRE) -- Virco Mfg. Corporation (NASDAQ:VIRC), a leading manufacturer and direct supplier of move

Shipments plus Backlog declines 22.9% to $105.6 millionGross Margin Improves 400 Basis Points to 47.5% vs. 43.5% LY Reinforcing Company's Long-Standing Commitment to Domestic ManufacturingBoard Declares Quarterly Dividend of $0.025 per Share, payable July 11, 2025 to Shareholders of Record as of June 20, 2025First quarter shareholder returns reach $4.4 million, including buybacks and dividends TORRANCE, Calif., June 06, 2025 (GLOBE NEWSWIRE) -- Virco Mfg. Corporation (NASDAQ:VIRC), a leading manufacturer and direct supplier of moveable furniture and equipment for educational environments and public spaces in the United States, reported a modest profit despite slowing demand during the Co

Long-Term Strategy of Investing in Domestic Manufacturing and Service Proves SuccessfulNet Income For FYE 1.31.25 reaches $21.6 MMFYE 1.31.25 Revenue tops $266 MMOperating Cash Flow tops $33 MMDividends and Share Repurchases exceed $5 MMStrategic Capital Expenditures Grow to $6 MMShareholder Equity Increases 20% to $109 MM TORRANCE, Calif., April 14, 2025 (GLOBE NEWSWIRE) -- Virco Mfg. Corporation (NASDAQ:VIRC), a leading manufacturer and direct supplier of moveable furniture and equipment for educational environments and public spaces in the United States, today reported financial results for the Company's fourth quarter and full fiscal year ended January 31, 2025. The Company also marke

Capital Efficiencies ImprovedGrowth and Shareholder Returns Funded by Operating Cash FlowsQuarterly Dividend of $0.025 per Share DeclaredTraditional Seasonality Returns to Shipments, Orders, Backlog TORRANCE, Calif., Dec. 09, 2024 (GLOBE NEWSWIRE) -- Virco Mfg. Corporation (NASDAQ:VIRC) a leading manufacturer and supplier of movable furniture and equipment for educational environments and public spaces, announced results for the Company's Third Quarter and first Nine Months ended October 31, 2024: For the Third Quarter, including the months of August, September, and October, revenue declined slightly to $82,620,000 from $84,252,000 in the same quarter of the prior year. F

EPS Improves 9.5% in Quarter, 33.3% YTD to Record $1.16 per ShareOperating Income reaches 20.2% in Second Quarter; 16.0% YTDCompany is Effectively Debt Free; Growth is being Financed by Cash Flow from OperationsCompany Increases Quarterly Dividend to $0.025 per share, Payable October 11 to Shareholders of Record as of September 20Order Rates Remain Strong but Recent Trends Suggest Post-Pandemic Recovery May Be Slowing TORRANCE, Calif., Sept. 09, 2024 (GLOBE NEWSWIRE) -- Virco Mfg. Corporation (NASDAQ:VIRC), a leading manufacturer and supplier of movable furniture and equipment for educational environments, announced results for the Company's Second Quarter and fi

Seasonally Light Quarter Swings to Profit on Strong Shipments, Steady MarginsBoard Declares Quarterly Dividend of $0.02 per Share, payable July 12, 2024 to Shareholders of Record as of June 21, 2024Company Completes First Round of Open Market Share Repurchases Totaling $1.5 million; Current Authorization Includes Additional $3.5 Million for Future Repurchases TORRANCE, Calif., June 07, 2024 (GLOBE NEWSWIRE) --  Virco Mfg. Corporation (NASDAQ:VIRC), the leading manufacturer and supplier of movable furniture and equipment for educational environments in the United States, announced shipments for the First Quarter ended April 30, 2024, grew 33.7% compared to the same quarter in the prior y

U.S. Factories and experienced staff support broad school recovery and related demand for school furnitureVertical control of order-to-cash cycle generates strong operating and financial efficiencies, with most metrics at historic highs Net Income reaches $21.9 million vs. $16.5 million in prior yearFull Year Gross Margin expands to 43.1% vs. 36.9% in prior yearCash flow from operations reaches $27.0 million vs. $(3.8 million) in prior year due to combined operating income and balancing of post-pandemic inventoriesForward indicator of "Shipments plus Backlog" reaches record $317.6 million vs. $289.6 million last yearCompany is effectively debt-free at year end TORRANCE, Calif., A

TORRANCE, Calif., Feb. 27, 2024 (GLOBE NEWSWIRE) -- Virco Mfg. Corporation (NASDAQ:VIRC), the largest manufacturer and supplier of movable furniture and equipment for educational environments in the United States, declared a cash dividend for the first quarter of fiscal 2025 of $0.02 per share of common stock, payable on April 10, 2024 to shareholders of record as of March 7, 2024. The Company is currently in the closing process for its fiscal year ended January 31, 2024. After reviewing preliminary results for the year, Virco's Board of Directors declared the dividend based on the Company's expected continued strong performance. Commenting on the dividend and Virco's progress, Chairman

Net Income increased 29% on 9% Growth in Sales compared to prior yearCompany Declares Regular Quarterly DividendBoard Authorizes $5 Million Share Repurchase TORRANCE, Calif., Dec. 08, 2023 (GLOBE NEWSWIRE) -- Virco Mfg. Corporation (NASDAQ:VIRC) reported financial results for the third quarter ended October 31, 2023, as well as the reinstatement of a quarterly dividend of $0.02 per share and a $5,000,000 open market share repurchase program. For the third quarter ended October 31, 2023, sales increased to $84,252,000 compared to $77,395,000 in the same period of the prior year. Gross margin improved to 45.4% from 39.8%. SG&A as a percent of sales decreased

TORRANCE, Calif., Oct. 01, 2021 (GLOBE NEWSWIRE) -- Virco Mfg. Corporation (NASDAQ:VIRC), the largest manufacturer and supplier of movable furniture and equipment to the education market in the United States, today announced that it has signed an amendment and restatement of its existing credit facility that restores its ability to resume shareholder distributions. All other material terms and conditions of the credit facility remain in effect including the maturity date of March 19, 2023. Robert Virtue, Chairman and CEO of Virco, said, "The restoration of our ability to resume shareholder distributions reflects the positive trends that we are experiencing in the business and the strength