Virco Manufacturing Corporation
7.23-0.17 (-2.3%)
Oct 29, 4:00:00 PM EDT · NasdaqGM · VIRC · USD
Key Stats
Market Cap
113.95MP/E (TTM)
8.51Basic EPS (TTM)
0.85Dividend Yield
0.01%Recent Filings
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'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.
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.
8-K
Virco's Q1 profit dips on demand slowdown
Virco Mfg. posted a $0.7 million first-quarter profit, down from $2.1 million last year, as shipments and backlog dropped 22.9% to $105.6 million amid slowing school furniture demand—yet gross margins climbed 400 basis points to 47.5%, buoyed by domestic manufacturing and service-heavy orders. The board declared a $0.025 per share dividend, payable July 11, while repurchasing $4.0 million in shares. This pause follows COVID recovery; management eyes mid-term bond cycles for growth.
10-Q
Q1 FY2026 results
Virco's Q1 FY2026 net sales fell 27.8% y/y to $33.8M, missing last year's boost from $9M in one-time disaster recovery orders, yet gross margins climbed to 47.5% from 43.5% thanks to more full-service deliveries. Operating loss narrowed to $0.1M from $3.0M income, while net income held at $0.7M versus $2.1M y/y, aided by a $1.2M unrealized gain on investments offsetting lower volumes. Cash drained to $0.9M after $19.0M operating outflow and $4.0M stock repurchases, but $42.9M remains available on the $60M revolver with no draws outstanding and covenant compliance intact. Free cash flow stood negative at $21.5M (derived). Inventory built to $74.0M for summer peak. Backlog sits at $70.4M, poised for June-August shipments. Trade policy shifts pose supply chain risks.
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