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Previous: MANNING & NAPIER FUND INC, 485APOS, 1995-12-22 |
Next: PRICE T ROWE REALTY INCOME FUND I, 10-K, 1995-12-22 |
<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Quarterly Report Under Section 13 or 15(d)
of the Securities Exchange Act of 1934
FORM 10-Q/A
For Quarter Ended October 31, 1995 Commission File Number 1-8777
------------------------ ----------
VIRCO MFG. CORPORATION
------------------------------------------------------
(Exact Name of Registrant as Specified in its Charter)
Delaware 95-1613718
------------------------------- -------------------
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
2027 Harpers Way, Torrance, CA 90501
---------------------------------------- ----------
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (310) 533-0474
--------------
No change
---------------------------------------------------
Former name, former address and former fiscal year,
if changed since last report.
Indicate by check mark whether the registrant (1) has filed all
reports required to be filed by Section 13 or 15(d) of the Securities Exchange
Act of 1934 during the preceding 12 months (or for such shorter period that the
registrant was required to file such reports), and (2) has been subject to such
filing requirements for the past 90 days. Yes X No
----- -----
The number of shares outstanding of each of the issuer's classes of
common stock, as of December 8, 1995.
Common Stock 5,369,359 Shares*
* Adjusted for Stock Dividend declared August 15, 1995, date of record
September 18, 1995, payable October 18, 1995.
<PAGE> 2
VIRCO MFG. CORPORATION AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
Unaudited (Note 1)
(Dollar Amounts in Thousands)
<TABLE>
<CAPTION>
9 Months Ended
--------------
10/31/95 10/31/94
-------- --------
<S> <C> <C>
Net Sales $ 177,735 $ 165,696
Cost of Goods Sold 131,545 121,905
--------- ---------
Gross Profit 46,190 43,791
Shipping, Selling, General and Administrative Expense 38,167 35,859
Provision for Doubtful Accounts 2,664 1,849
Interest Expense 529 485
--------- ---------
41,360 38,193
--------- ---------
Income/(Loss) Before Taxes on Income 4,830 5,598
Taxes on Income/(Loss) (1,884) (2,184)
--------- ---------
Net Income $ 2,946 $ 3,414
========= =========
Earnings (Loss) Per Share:
- --------------------------
Net Earnings/(Loss) Per Share: $ .54 $ .63
========= =========
Weighted Average Shares Outstanding
(Adjusted for 10% Stock Dividend
Declared August 15, 1995.) 5,421,548 5,409,473
========= =========
Dividend Declared
Cash (Per Share) .04 .04
========= =========
Stock 10% 10%
========= =========
</TABLE>
The accompanying notes are an integral part of these condensed financial
statements.
<PAGE> 3
VIRCO MFG. CORPORATION
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act
of 1934, the registrant has duly caused this report to be signed on
its behalf by the undersigned thereunto duly authorized.
VIRCO MFG. CORPORATION
Date: 12/21/95 By: /s/ James R. Braam
----------------------- ---------------------------------
James R. Braam
Vice President - Finance
Date: 12/21/95 By: /s/ Robert E. Dose
----------------------- ---------------------------------
Robert E. Dose
Corporate Controller
<TABLE> <S> <C>
<ARTICLE> 5
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> JAN-31-1996
<PERIOD-START> FEB-01-1995
<PERIOD-END> OCT-31-1995
<CASH> 444
<SECURITIES> 0
<RECEIVABLES> 35,129
<ALLOWANCES> (603)
<INVENTORY> 35,879
<CURRENT-ASSETS> 74,170
<PP&E> 73,070
<DEPRECIATION> 37,448
<TOTAL-ASSETS> 117,448
<CURRENT-LIABILITIES> 25,051
<BONDS> 0
<COMMON> 42,110
0
0
<OTHER-SE> 11,159
<TOTAL-LIABILITY-AND-EQUITY> 117,448
<SALES> 74,613
<TOTAL-REVENUES> 74,613
<CGS> 55,433
<TOTAL-COSTS> 55,433
<OTHER-EXPENSES> 14,675
<LOSS-PROVISION> 267
<INTEREST-EXPENSE> 903
<INCOME-PRETAX> 4,505
<INCOME-TAX> (1,757)
<INCOME-CONTINUING> 0
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 2,748
<EPS-PRIMARY> .51
<EPS-DILUTED> 0
</TABLE>
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