Virco Mfg. Corp. (VIRC) Reports Q1 Loss of $0.21/Share
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Virco Reports Financial Results for 1st Quarter of FYE 2017
June 10, 2016 9:01 AM EDTOperating results essentially flat on 10% reduction in revenueStrong incoming order rates suggest intensifying seasonality
TORRANCE, Calif., June 10, 2016 (GLOBE NEWSWIRE) -- Virco Mfg. Corporation (Nasdaq: VIRC) today announced results for the 1st Quarter of FYE 2017:
Reflecting what may be a further intensification of seasonality in its core market of public school furniture, fixtures and equipment, Virco reported essentially flat operating results on a 10% decline in 1st quarter revenue for the period ended April 30, 2016. In this traditionally slow period ahead of peak summer deliveries, shipments were $20,827,000... More
