Last $2.31 USD
Change Today 0.00 / 0.00%
Volume 0.0
VIRC On Other Exchanges
Symbol
Exchange
NASDAQ GM
As of 8:10 PM 10/23/14 All times are local (Market data is delayed by at least 15 minutes).

virco mfg corporation (VIRC) Snapshot

Open
$2.30
Previous Close
$2.31
Day High
$2.32
Day Low
$2.30
52 Week High
08/8/14 - $3.41
52 Week Low
10/25/13 - $2.00
Market Cap
34.3M
Average Volume 10 Days
5.4K
EPS TTM
$-0.12
Shares Outstanding
14.9M
EX-Date
12/22/11
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for VIRCO MFG CORPORATION (VIRC)

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virco mfg corporation (VIRC) Details

Virco Mfg. Corporation is engaged in the design, production, and distribution of furniture for the commercial and education markets in the United States. The company offers seating products, including cantilever and tablet arm chairs, rockers, hard plastic seats, backrests, work surfaces, 4-leg chairs, stools, task and classroom chairs, stack and folding chairs, upholstered stack and ergonomic chairs, and plastic stack chairs. It also provides folding and banquet tables, activity tables, office tables, computer tables, and mobile tables; and computer furniture, such as keyboard mouse trays, CPU holders, support columns, desks and workstations, and specialty tables and other products. In addition, the company offers chair desks, combo units, and tablet arm units, as well as a collection of returns and credenzas. Further, it provides administrative office furniture, including desks, returns, bookcases, storage cabinets, and other items, as well as wardrobe tower cabinets, file credenzas parameter mobile pedestals, and plateau bookcases; laboratory furniture comprising steel-based science tables, table bases, lab stools, steel foot-rings, and wood-frame science tables; mobile furniture, including mobile tables for school cafeterias, mobile cabinets, and mobile chairs for school settings and offices; and handling and storage equipment, as well as manufactures stackable storage trucks. The company’s trademarks portfolio primarily includes ZUMA, ZUMAfrd, Ph.D., I.Q., Virtuoso, Classic Series, Martest 21, Lunada, Plateau, Core-a-Gator, Future Access, Sigma, Metaphor, Telos, TEXT, Parameter, Sage, Analogy, and Civitas. It serves educational institutions, convention centers and arenas, hospitality industry, government facilities, and places of worship. Virco Mfg. Corporation founded in 1950 and is headquartered in Torrance, California.

700 Employees
Last Reported Date: 04/28/14
Founded in 1950

virco mfg corporation (VIRC) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: $240.5K
Principal Financial Officer, Vice President o...
Total Annual Compensation: $255.5K
Executive Vice President and Director
Total Annual Compensation: $213.7K
Vice President of Logistics, Marketing Servic...
Total Annual Compensation: $180.0K
Vice President of Marketing & Corporate Stewa...
Total Annual Compensation: $173.2K
Compensation as of Fiscal Year 2013.

virco mfg corporation (VIRC) Key Developments

Virco Mfg. Corporation Announces Financial Results for the Second Quarter and Six Months Ended July 31, 2014 and Revenue Results for the Month and Year to Date Ended August 2014

Virco Mfg. Corporation announced financial results for the second quarter and six months ended July 31, 2014 and revenue results for the month and year to date ended August 2014. For the quarter, the company reported income before income taxes of $5,509,000 and net income of $5,203,000 or $0.35 per diluted share on net sales of $53,192,000 compared to income before income taxes of $6,285,000 and net income of $6,210,000 or $0.42 per diluted share on net sales of $56,933,000 reported a year ago. Revenue declined by 6.6% as a result of timing of orders received in July that shipped in August. For the six months, the company reported income before income taxes of $1,635,000 and net income of $1,348,000 or $0.09 per diluted share on net sales of $76,722,000 compared to income before income taxes of $1,801,000 and net income of $1,763,000 or $0.12 per diluted share on net sales of $76,823,000 reported a year ago. Net income declined due largely to a later-than-normal delivery season and a larger provision for state income taxes, which had the effect of moving more revenue and associated earnings into the month of August, which is part of the company's third quarter. The underlying improvement in operating efficiencies is the cumulative result of management initiatives over the past several years. By the end of August most of these orders had moved completely through the delivery cycle, boosting August, 2014 revenues to $35,739,000 against $32,165,000 for August of 2013. Year to date revenue at the end of August 2014 was $112,461,000 against $108,988,000 last year, an increase of 3.2%.

Virco Mfg. Corporation Approves Amendment to Certificate of Incorporation

Virco Mfg. Corporation announced that at the 2014 Annual Meeting of Stockholders held on June 24, 2014, the company approved amendment to the Certificate of Incorporation to provide for the annual election of directors failed to receive the vote of 75% of the outstanding shares required to amend the Charter. The approved amendment to the Charter to eliminate cumulative voting failed to receive the vote of 75% of the outstanding shares required to amend the Charter.

Virco Mfg. Corporation Announces Financial Results for the First Quarter Ended April 30, 2014

Virco Mfg. Corporation announced financial results for the first quarter ended April 30, 2014. For the quarter, Net Sales were $23,530,000 against $19,890,000 a year ago. Loss before income taxes was $3,874,000 against $4,484,000 a year ago. Net loss was $3,855,000 against $4,447,000 a year ago. Net loss per share - basic was $0.26 against $0.31 a year ago.

 

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