Virco Mfg. Corp. (VIRC) Reports Q1 Loss of $0.21/Share
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Virco Reports Financial Results for 1st Quarter of Fiscal 2015
June 12, 2015 9:30 AM EDTOperating results improved by $704,000Revenue decreased 1.4%Extended winter may delay Fiscal 2015 delivery cycle
TORRANCE, Calif., June 12, 2015 (GLOBE NEWSWIRE) -- Virco Mfg. Corporation today announced results for the 1st Quarter of Fiscal 2015.
Revenue for the first quarter ended April 30, 2015 decreased by 1.4% to $23.1 million compared to $23.4 million in the same period last year. Although revenue declined slightly, first quarter gross margin improved to $8.2 million (35.6% of sales) compared to $8.0 million (34.3% of sales) in the prior year. SG&A expenses declined by $532,000 or 1.6% of sales compared to the same... More
