VIRC
Virco Mfg. Corporation6.61
+0.06+0.92%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
104.18MP/E (TTM)
25.42Basic EPS (TTM)
0.26Dividend Yield
0.02%Recent Filings
10-Q
8-K
8-K
Virco's resilient earnings amid slowdown
Virco Mfg. reported solid Q2 and six-month results on September 5, 2025, with net income of $10.9 million despite an 18.9% revenue drop to $125.8 million from last year's disaster recovery boost. Gross margins held steady at 45.2%, underscoring resilient domestic operations amid school furniture slowdown. Shipments plus backlog fell 25.8% to $165.9 million. Board declared $0.025 quarterly dividend, payable October 10. Management eyes recovery opportunities, yet cautions on economic uncertainties.
10-Q
Q2 FY2026 results
Virco's Q2 FY2026 net sales fell 15.1% y/y to $92.1M, reflecting softer demand amid macroeconomic uncertainty and the absence of last year's $4M disaster recovery shipments, while gross margin dipped to 44.4% from 46.3% due to fewer full-service deliveries. Operating income dropped to $15.4M from $21.9M, yet net income held at $10.2M or $0.65 diluted EPS on 15,743K shares, with YTD figures aligning consistently at $10.9M net and $0.69 EPS. Cash outflow hit $15.8M from operations, draining cash to $2.6M, but $68M remains available on the $60M revolver (expanding to $70M seasonally) alongside $4M in other debt at 4.0% fixed. The firm repurchased $4M in shares YTD. Shipments lag 25.8% y/y, but backlog eyes Q3 delivery. Trade policy shifts pose supply chain risks.
8-K
Virco reports board and vote events
Virco Mfg. Corporation reported events on June 17, 2025, under Item 5.02 involving potential changes in directors, officers, or compensatory arrangements, and under Item 5.07 detailing a shareholder vote submission. No specific details on departures, elections, or vote outcomes were disclosed in the filing. Investors await further updates on leadership stability.
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