Virco issues updates investor presentation, preliminary results

Virco Mfg. issued an update of its investor presentation, highlighting the Company’s strong recovery following pandemic-related school closures. The investor presentation includes preliminary, unaudited financial results for the Company’s Fiscal Year Ended January 31, 2024. As of January 31, 2024, the Company’s fiscal year end, Shipments plus Backlog had reached an all-time Company record of $317,604,000. Preliminary, unaudited cash flow and net income for fiscal 2024 also set records not achieved in the last 20 plus years. Virco CEO and Chairman Robert Virtue commented on the Company’s strong performance: “During the critical months of the pandemic, when schools were closed, we always retained our focus on eventual recovery. We knew from prior experience that coming out of downturns is often just as difficult as the downturn itself. We made every effort to protect our extraordinary staff and U.S.-based operating assets. We also preserved and actually reinforced our financial strength, allowing us to support school re-opening without the need for additional debt or capital investment. We are pleased to share our success with investors old and new, and especially express our gratitude to those loyal investors who understood our long-term strategy, and supported us through the challenging years of the pandemic. Their support has in turn allowed Virco to support the recovery of America’s schools, both public and private, as well as international schools around the world.”