Brief: Virco Reports Quarterly Shr $0.35

Virco Mfg

14/09/2018 15:14

Sept 14 (Reuters) - Virco Mfg. Corp  VIRC.O :
    * VIRCO REPORTS SECOND QUARTER RESULTS, DECLARES QUARTERLY
DIVIDEND
    * VIRCO MFG. CORP - FOR QUARTER ENDED JULY 31, 2018, NET
SALES
INCREASED 3% TO $74.8 MILLION
    * VIRCO MFG. CORP QTRLY NET INCOME PER SHARE - DILUTED $0.35
    * VIRCO MFG  - CHALLENGING ENVIRONMENT OF LATE ORDERS,
ESCALATING
RAW MATERIAL COSTS, AND UNEXPECTED SHIFTS IN DEMAND LED TO MIXED
RESULTS FOR Q2 & HY
    * VIRCO MFG. - MANAGEMENT IS UNCERTAIN IF SURGE IN PROJECT
ORDERS
REFLECTS CHANGES IN PUBLIC SCHOOL FUNDING OR HEADWINDS IN GLOBAL
SUPPLY CHAIN
    * VIRCO MFG. CORP - CO'S SECOND-HALF BACKLOG IS ROBUST
    * VIRCO MFG. - MANAGEMENT IS HESITANT TO SPECULATE ABOUT
POSSIBLE
IMPACTS OF TARIFFS ON IMPORTS OF RAW MATERIALS IN H2
    * VIRCO MFG. - VERTICALLY INTEGRATED U.S. FACTORIES MAY GIVE
CONTROL IN UNCERTAIN CONDITIONS THAT SEEM POSSIBLE RELATED TO
TARIFFS IN H2 2018

Source text for Eikon:  ID:nGNX6Swv74 
Further company coverage:  VIRC.O 

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