Virco Mfg. Corp. (VIRC) Tops Q3 EPS by 1c
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Virco Announces Improved Third Quarter and YTD Results
December 15, 2015 9:30 AM ESTRevenue up 4% for the third quarter and 8% through nine monthsGross Profit reaches 37% through nine monthsOperating income up 36% for the third quarter and 60% YTD
TORRANCE, Calif., Dec. 15, 2015 (GLOBE NEWSWIRE) -- Virco Mfg. Corporation announced improved results today for its third quarter and first nine months ended October 31, 2015.
For the third quarter consisting of August, September and October revenue increased 4% from $62.3 million last year to $65.0 million this year. The combined effects of stable raw material costs, slightly higher prices, and better manufacturing and freight efficiencies boosted operating margins to 10%. Overall operating income was up 36%, from... More
