Every 10-Q that Virco Mfg. Corporation (VIRC) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow VIRC and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full VIRC filings page.
Virco Mfg. Corporation (VIRC) reported weaker results for the quarter ended July 31, 2026 amid macro and school-budget headwinds. Quarterly net sales fell 5.0% to $87.5 million, with net income down to $8.6 million from $10.2 million as gross margin compressed to 40.0% from 44.4% on lower volume and higher material and overhead costs.
For the first six months, sales declined 6.1% to $118.2 million and net income dropped to $5.8 million from $10.9 million, though prior-year results were boosted by $2.8 million of disaster-recovery shipments versus $0.2 million this year. Despite lower earnings, operating cash burn improved to $2.8 million from $15.8 million, cash ended at $9.2 million, and there were no borrowings on the PNC revolver, with about $57 million available. Subsequent Amendment No. 8 extends the credit facility to 2031, sets a $40 million revolver expandable to $60 million, raises receivables advance rates, adds a $3 million equipment line, and eases the fixed charge coverage covenant. Backlog is about 13% above last year, although total shipments plus backlog are roughly 2% lower, and the Board continued its $0.025 quarterly dividend while also authorizing share repurchases within covenant limits.
Virco Mfg. Corporation reported a seasonally weak first quarter with a return to loss. For the three months ended April 30, 2026, net sales were $30.7 million, down 9.1% from the prior year, and the company recorded a net loss of $2.8 million versus net income of $0.7 million a year earlier.
Gross margin fell to 41.4% from 47.5%, as lower volume and higher material costs, including effects from Middle East–linked energy and resin prices, pressured profitability. Selling, general and administrative expenses rose to 53.3% of sales, partly due to a higher mix of full-service deliveries and fixed costs on a smaller revenue base.
Despite the loss, operating cash outflow improved to $9.4 million from $19.0 million, helped by tighter inventory management. Virco ended the quarter with $3.7 million in cash, no borrowings on its revolving credit line and approximately $36.4 million of availability, and it continued returning capital through dividends and $0.2 million of share repurchases. The company has paid about $1.0 million in now-unconstitutional IEEPA tariffs and has begun seeking refunds, but has not yet recognized any related receivable.
Virco Mfg. Corporation (VIRC) reported weaker results for the quarter and six months ended July 31, 2025, driven by lower demand and absence of prior-year one-time disaster recovery shipments. Second-quarter net income was $10.2 million on sales of $92.1 million, down from $16.8 million on $108.4 million a year earlier (sales down ~15.1%). Six-month net income was $10.9 million on $125.8 million of sales, versus $19.0 million on $155.2 million a year earlier (sales down ~18.9%). Gross margins narrowed modestly while SG&A increased as a percentage of sales due to higher delivery costs. Inventory rose $1.3 million year-over-year and capital expenditures were $2.8 million for six months. The company repurchased 348,944 shares for $4.0 million year-to-date and the Board declared a $0.025 per share quarterly dividend payable October 10, 2025. Management remains in compliance with debt covenants, has ~$68.0 million of seasonal borrowing capacity available, and expects operations and available credit to fund needs for the next twelve months.