 TORRANCE, Calif., Dec. 14, 2020 GLOBE NEWSWIRE -- Virco Mfg. Corporation NASDAQ: VIRC today reported its financial results for the third fiscal quarter ended October 31, 2020. Net sales and earnings continue to be negatively impacted by economic conditions driven by the COVID-19 pandemic. Net sales for the third quarter were 56,741,000, a 15.3 decline from last years 66,998,000. Through nine months, net sales were 133,625,000 versus 164,250,000 last year, a decline of 18.6. Operating income for the third quarter declined by 8.5 compared to the prior year, although net income for the quarter improved 15.1 to 4,480,000 or 0.28 per diluted share from 3,892,000 or 0.25 per diluted share, reflecting the positive impact of operational expense controls and favorable tax benefits. 