Welcome to our dedicated page for Virco Mfg news (Ticker: VIRC), a resource for investors and traders seeking the latest updates and insights on Virco Mfg stock.
Virco Mfg. Corporation (NASDAQ: VIRC) generates regular news and updates as a U.S.-based manufacturer of movable furniture and equipment for educational environments and public spaces. Company press releases frequently discuss financial performance, demand trends in school furniture and equipment, and operational developments tied to its institutional furniture manufacturing business.
News coverage for Virco often centers on quarterly and annual financial results, where the company reports on revenue, gross margin, operating income, and net income, along with commentary on market conditions in school furniture and related funding environments. Management statements commonly address the impact of seasonality in the preschool through 12th grade market, the timing of shipments and backlog, and the use of the non-GAAP metric “Shipments plus Backlog” to describe business velocity.
Investors following VIRC news will also see announcements about capital allocation decisions, including regular quarterly cash dividends on common stock and Board-authorized share repurchase programs funded by existing cash and cash equivalents. These releases outline the size of repurchase authorizations, the intended funding sources, and the discretionary nature of future purchases and dividend declarations.
Operationally, Virco’s news highlights its domestic manufacturing footprint in California and Arkansas, its vertically integrated model that combines sales, manufacturing, logistics, and field service, and its role as a supplier to K–12 schools, higher education institutions, convention centers, hospitality venues, government facilities, and places of worship. Management commentary often links these capabilities to the company’s ability to handle large, seasonal school furniture projects and to respond to changes in school funding, bond-financed construction, and broader economic conditions.
For readers tracking VIRC, this news page provides a centralized view of earnings releases, dividend and repurchase announcements, and other corporate updates that reflect how Virco’s institutional furniture manufacturing business is evolving over time.
Virco (NASDAQ: VIRC) reported a Q3 net loss of $1.3M on $47.6M sales for the quarter and nine-month net income of $9.6M on $173.5M revenue through Oct. 31, 2025. Gross margin for Q3 fell to 38.0% from 44.4% a year earlier; nine-month gross margin was 43.2%.
Management said lower sales and production drove margin and operating metric deterioration, but incoming orders appear to be stabilizing and unshipped backlog pulled nearly even year-over-year. Liquidity strengthened with a current ratio of 3.98. The Board declared a $0.025 quarterly cash dividend payable Jan. 9, 2026 to holders of record Dec. 19, 2025.
Virco (NASDAQ: VIRC), a leading educational furniture manufacturer, reported its Q2 and H1 2025 results with mixed performance. Despite a 15.1% decline in Q2 shipments to $92.1 million and an 18.9% drop in H1 revenue to $125.8 million, the company maintained strong profitability with a 45.2% gross margin.
Q2 operating income reached $15.4 million, while H1 operating income was $15.3 million - the third-highest in a decade. Net income for H1 stood at $10.9 million. The board declared a quarterly dividend of $0.025 per share, payable October 10, 2025.
Management expressed caution about future performance, noting that shipments plus backlog decreased 25.8% to $165.9 million. The company maintains a strong balance sheet and sees potential opportunities similar to the post-pandemic recovery of 2021.
Virco (NASDAQ: VIRC) reported strong financial results for fiscal year ending January 31, 2025, marking its 75th anniversary. Despite a slight 1.1% revenue decline to $266.24 million, the company maintained a steady gross margin of 43.1% and achieved net income of $21.64 million.
Key highlights include:
- Operating cash flow exceeded $33 million
- Shareholder returns through dividends and share repurchases topped $5 million
- Strategic capital expenditures reached $6 million
- Shareholder equity increased 20% to $109 million
- Year-end cash position strengthened to $26.87 million from $5.29 million last year
The company's focus on domestic manufacturing and service, combined with its strong presence in America's educational sector, positions it well despite global trade uncertainties. Management views current conditions as optimal for continued investment in equipment and personnel, particularly in domestic fabrication capabilities.
Virco Mfg. (NASDAQ:VIRC) has announced a new share repurchase program authorized by its Board of Directors. The program allows for the repurchase of up to $10 million worth of the company's Common Stock, commencing February 1, 2025.
The company, which specializes in manufacturing and supplying movable furniture and equipment for educational environments and public spaces, will execute the repurchases through various means, including open market purchases, privately negotiated transactions, and trading plans under Rule 10b5-1. The program has no time limit and can be suspended or discontinued at the company's discretion.
Virco plans to fund the repurchases using existing cash and cash equivalents. The timing and amount of stock repurchases will be determined based on various factors, including market conditions, stock prices, trading volume, and regulatory requirements.
Virco Mfg. (NASDAQ:VIRC) reported its Third Quarter and Nine Months results ended October 31, 2024. Third quarter revenue slightly declined to $82.62M from $84.25M, while nine-month revenue grew 5.0% to $237.77M. Gross profit for Q3 declined 4.0% to $36.68M, though nine-month gross profit increased 7.3% to $107.24M.
The company's financial position strengthened with $38.86M cash on hand and no credit utilization. Inventories decreased 16.9% to $48.95M, and accounts receivable declined 14.7% to $28.17M. The Board declared a quarterly dividend of $0.025 per share. The company maintains $3.5M for share repurchases and reports Shipments plus Backlog approximately 1% higher than last year.
Virco Mfg. (NASDAQ: VIRC) reported improved financial results for Q2 and H1 2024. Key highlights include:
- Q2 revenue up 1.0% to $108.4M; H1 revenue up 9.1% to $155.2M
- Q2 EPS improved 9.5%; H1 EPS up 33.3% to record $1.16 per share
- Q2 operating income reached 20.2% of revenue; H1 at 16.0%
- Company is effectively debt-free, financing growth through cash flow
- Quarterly dividend increased to $0.025 per share
The company noted strong order rates but signs of slowing post-pandemic recovery. Virco completed a 5-year lease renewal for its Torrance, CA headquarters and owns significant space in Conway, AR, providing logistical advantages in the seasonal school furniture market.
Virco (NASDAQ: VIRC) reported a strong first quarter for 2024, with a 33.7% increase in revenue, reaching $46.7 million. The company achieved a net income of $2.1 million, a significant improvement from a $1.4 million loss in the same quarter last year. This growth was largely driven by a large disaster recovery order. Gross margin improved to 43.5%, up from 37.8% the previous year.
Virco's board declared a quarterly dividend of $0.02 per share, payable on July 12, 2024. The company completed $1.5 million in share repurchases, with authorization for an additional $3.5 million. Despite increased Selling, General and Administrative expenses, they decreased as a percentage of sales. Interest expenses also fell due to lower borrowings.
On the balance sheet, current liabilities dropped 37.4%, and long-term liabilities fell 41.3%. Total stockholder equity rose 37.3% to $91.6 million. Inventories decreased by 16.7%, and working capital borrowings dropped significantly. The management highlighted their strong balance sheet and operational efficiency as key drivers for these results.
Summary not available.
Summary not available.