VIRC
Virco Mfg. Corporation6.61
+0.06+0.92%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '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
Q3 FY2026 results
Virco's Q3 FY2026 sales fell 42.3% y/y to $47.6M from $82.6M, missing peak-season momentum after last year's $6M disaster-recovery boost; gross margin slipped to 38.0% from 44.4% on lower volumes and moderated production, driving an operating loss of $1.7M versus $11.1M income. YTD sales dropped 27.0% y/y to $173.5M, yet net income held at $9.6M ($0.61/share, confirmed vs. 15,766 diluted shares) with operating income of $13.6M, gross margin 43.2%. OCF generated $10.0M YTD (down from $41.4M), FCF $4.9M (derived); cash $26.5M, revolver availability $16.6M, total debt $3.9M (4.0% mortgage). VIP Plan termination effective Nov 1, 2025, with settlement charges deferred to FY2027 Q4. Government budget uncertainty weighs on orders.
8-K
Q3 loss amid sales drop
Virco posted a Q3 net loss of $1.3 million on $47.6 million sales, down sharply from $8.4 million profit on $82.6 million last year, as ESSER funds expired and school spending cooled. Nine-month net income held at $9.6 million on $173.5 million revenue. Backlog stabilized; current ratio hit 3.98. Board declared $0.025 quarterly dividend.
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.
IPO
Website
Employees
Sector
Industry
BSET
Bassett Furniture Industries, I
17.42+0.14
FGI
FGI Industries Ltd.
6.12+0.74
FLXS
Flexsteel Industries, Inc.
42.40-0.11
HOFT
Hooker Furnishings Corporation
10.91+0.40
KEQU
Kewaunee Scientific Corporation
38.49+0.19
LOVE
The Lovesac Company
13.75+0.29
LZB
La-Z-Boy Incorporated
39.71+0.16
MHK
Mohawk Industries, Inc.
110.30-1.19
NTZ
Natuzzi, S.p.A.
2.40-0.10
SCS
Steelcase Inc.
16.14+0.02