VIRC

Revenue through Nine Months Down 27.0% to $173.5 Million Net Income through Nine Months is $9.6 Million Key Balance Sheet Metrics Continue to Improve as Current Ratio Reaches 3.98 Backlog Pulls Nearly Even on YOY Basis as Order Rates Begin to Stabilize Board Declares Quarterly Cash Dividend of $0.025 per Share, Payable January 9, 2026 to Shareholders of Record as of December 19, 2025 TORRANCE, Calif., Dec. 08, 2025 (GLOBE NEWSWIRE) -- Virco Mfg. Corporation (NASDAQ: VIRC), a leading manufacturer and supplier of moveable furniture and equipment for educational environments and public spaces, announced results for the Company’s Third Quarter and Nine Months ended October 31, 2025. Virco Mfg. Corporation reported a net loss of $1.3 million on Third Quarter sales of $47.6 million, compared to a net profit of $8.4 million on sales of $82.6 million in the same period of the prior year. Gross profit for the quarter declined to $18.1 million, reflecting a gross margin of 38.0%, compared to gross profit of $36.7 million or 44.4% last year. Selling, General, and Administrative Expenses ("SG&A") in the Third Quarter decreased to $19.8 million or 41.5% of sales compared to $25.6 million or 30.9% of sales in the same period last year. Through nine months, net income was $9.6 million on sales of $173.5 million, versus net income of $27.4 million on sales of $237.8 million in the same period of the prior year. Gross profit for nine months was $75.0 million, or 43.2% of sales, compared to $107.2 million or 45.1% of sales last year. SG&A through nine months was $61.4 million or 35.4% of sales compared to $71.3 million or 30.0% of sales last year. Deterioration in operating metrics was driven almost entirely by lower sales and related lower production levels, both in the Company’s factories and its sales and distribution functions. As a percentage of sales, material and labor costs declined slightly as Management adjusted output downward. Management had warned that year-over-year comparisons were going to be difficult in the current fiscal year given the outsized positive contribution of last year’s counter-seasonal disaster recovery order. Even without that order, which through nine months had contributed $19 million in sales, the market for moveable school furniture, fixtures, and equipment ("FF&E") is experiencing a notable downturn of approximately 30% over the last two y...

Revenue: US$92.1m (down 15% from 2Q 2025). Net income: US$10.2m (down 40% from 2Q 2025). Profit margin: 11% (down from 16% in 2Q 2025). The decrease in margin was driven by lower revenue. EPS: US$0.65 (down from US$1.04 in 2Q 2025). Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. All figures shown in the chart above are for the trailing 12 month (TTM) period Revenue missed analyst estimates by 19%. Earnings per share (EPS) also missed analyst estimates by 23%. Looking ahead, revenue is forecast to grow 9.1% p.a. on average during the next 2 years, compared to a 6.7% growth forecast for the Commercial Services industry in the US. Performance of the American Commercial Services industry. The company's shares are up 2.4% from a week ago. Before we wrap up, we've discovered 1 warning sign for Virco Mfg that you should be aware of. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Operating income of $15.3 million through six months is third highest in past decade, following two record years General downturn in school furniture market results in 15.1% decline in Second Quarter shipments; 18.9% decline through six months Revenue quality remains high, with YTD Gross Margin of 45.2% Board Declares Quarterly Dividend of $0.025 per Share, payable October 10, 2025 to Shareholders of Record as of September 19, 2025 Management cautions for remainder of year due to ongoing uncertainties over economic conditions and related school funding TORRANCE, Calif., Sept. 05, 2025 (GLOBE NEWSWIRE) -- Virco Mfg. Corporation (NASDAQ: VIRC), a leading manufacturer and direct supplier of moveable furniture and equipment for educational environments and public spaces in the United States, reported continued strong profitability for its Second Quarter and first six months ended July 31, 2025, despite a generalized downturn in demand for educational furniture and equipment. Shipments for the Second Quarter totaled $92.1 million, versus $108.4 million for the same quarter in the prior year. Operating income for the quarter was $15.4 million versus $21.9 million last year. Through six months, shipments totaled $125.8 million, an 18.9% decline from last year’s $155.2 million. Operating income was $15.3 million versus $24.9 million in the prior year. Year-over-year comparisons reflect both the general slowdown in demand for school furniture as well as the absence of last year’s very large, counter-seasonal disaster recovery order, which through six months of last year had contributed approximately $13 million to total revenue. Management cautioned at the time that this order would make for difficult comparisons going forward. Absent this unusual one-time order, the current year’s first half revenue is approximately 12% lower than last year. However, the quality of the Company’s revenue stream remains quite high, with gross profit through six months of 45.2% versus 45.5% last year. The Company’s domestically-based fabrication and service model has provided good control over Cost of Goods Sold while reflecting actual inflationary pressures in sales and service, as well as the relatively low service levels required by last year’s disaster recovery order. Through six months, SG&A was 33.1% of revenue compared to 29.5% in the prior year. Interest expense through six mon...

Virco Manufacturing Corporation (VIRC) came out with quarterly earnings of $0.7 per share, missing the Zacks Consensus Estimate of $0.84 per share. This compares to earnings of $1.04 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -16.67%. A quarter ago, it was expected that this company would post a loss of $0.13 per share when it actually produced a loss of $0.01, delivering a surprise of +92.31%. Over the last four quarters, the company has surpassed consensus EPS estimates just once. Virco Manufacturing, which belongs to the Zacks Furniture industry, posted revenues of $92.09 million for the quarter ended July 2025, missing the Zacks Consensus Estimate by 19.08%. This compares to year-ago revenues of $108.42 million. The company has not been able to beat consensus revenue estimates over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Virco Manufacturing shares have lost about 15.4% since the beginning of the year versus the S&P 500's gain of 10.6%. While Virco Manufacturing has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Virco Manufacturing was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list...

The subdued market reaction suggests that Virco Mfg. Corporation's (NASDAQ:VIRC) recent earnings didn't contain any surprises. However, we believe that investors should be aware of some underlying factors which may be of concern. This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. Importantly, our data indicates that Virco Mfg's profit received a boost of US$2.3m in unusual items, over the last year. While we like to see profit increases, we tend to be a little more cautious when unusual items have made a big contribution. When we crunched the numbers on thousands of publicly listed companies, we found that a boost from unusual items in a given year is often not repeated the next year. And that's as you'd expect, given these boosts are described as 'unusual'. If Virco Mfg doesn't see that contribution repeat, then all else being equal we'd expect its profit to drop over the current year. That might leave you wondering what analysts are forecasting in terms of future profitability. Luckily, you can click here to see an interactive graph depicting future profitability, based on their estimates. Arguably, Virco Mfg's statutory earnings have been distorted by unusual items boosting profit. Therefore, it seems possible to us that Virco Mfg's true underlying earnings power is actually less than its statutory profit. In further bad news, its earnings per share decreased in the last year. At the end of the day, it's essential to consider more than just the factors above, if you want to understand the company properly. If you'd like to know more about Virco Mfg as a business, it's important to be aware of any risks it's facing. In terms of investment risks, we've identified 1 warning sign with Virco Mfg, and understanding it should be part of your investment process. This note has only looked at a single factor that sheds light on the nature of Virco Mfg's profit. But there is always more to discover if you are capable of focussing your mind on minutiae. For example, many people consider a high return on equity as an indication of favorable business economics, while others like to 'follow the money' and search out stocks that insiders are buying. So you may wish to see this free collection of companies boasting high return on equity, or this list of stocks with high insider ownership. Have feedback on this...

Investors in Virco Mfg. Corporation (NASDAQ:VIRC) had a good week, as its shares rose 5.4% to close at US$8.64 following the release of its first-quarter results. Revenues of US$34m missed forecasts by 18%, but despite this Virco Mfg reported a surprise statutory profit instead of the losses that the analyst had expected. Following the result, the analyst has updated their earnings model, and it would be good to know whether they think there's been a strong change in the company's prospects, or if it's business as usual. Readers will be glad to know we've aggregated the latest statutory forecasts to see whether the analyst has changed their mind on Virco Mfg after the latest results. This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. Following the latest results, Virco Mfg's lone analyst are now forecasting revenues of US$263.1m in 2026. This would be a reasonable 3.9% improvement in revenue compared to the last 12 months. Statutory earnings per share are forecast to dive 22% to US$1.00 in the same period. Before this earnings report, the analyst had been forecasting revenues of US$270.5m and earnings per share (EPS) of US$0.79 in 2026. While revenue forecasts have been revised downwards, the analyst looks to have become more optimistic on the company's cost base, given the considerable lift to to the earnings per share numbers. See our latest analysis for Virco Mfg The consensus price target fell 29% to US$12.00, with the analyst signalling that the weaker revenue outlook was a more powerful indicator than the upgraded EPS forecasts. Another way we can view these estimates is in the context of the bigger picture, such as how the forecasts stack up against past performance, and whether forecasts are more or less bullish relative to other companies in the industry. We would highlight that Virco Mfg's revenue growth is expected to slow, with the forecast 5.2% annualised growth rate until the end of 2026 being well below the historical 13% p.a. growth over the last five years. By way of comparison, the other companies in this industry with analyst coverage are forecast to grow their revenue at 6.6% per year. So it's pretty clear that, while revenue growth is expected to slow down, the wider industry is also expected to grow faster than Virco Mfg. The biggest takeaway for us is the consensus earnings...

Shipments plus Backlog declines 22.9% to $105.6 million Gross Margin Improves 400 Basis Points to 47.5% vs. 43.5% LY Reinforcing Company’s Long-Standing Commitment to Domestic Manufacturing Board Declares Quarterly Dividend of $0.025 per Share, payable July 11, 2025 to Shareholders of Record as of June 20, 2025 First quarter shareholder returns reach $4.4 million, including buybacks and dividends TORRANCE, Calif., June 06, 2025 (GLOBE NEWSWIRE) -- Virco Mfg. Corporation (NASDAQ: VIRC), a leading manufacturer and direct supplier of moveable furniture and equipment for educational environments and public spaces in the United States, reported a modest profit despite slowing demand during the Company’s first quarter ended April 30, 2025. Through three months, net income was $0.7 million versus $2.1 million for the comparable period last year. Last year’s first quarter was positively impacted by a very large, counter-seasonal disaster recovery order. Because the Company’s business is highly seasonal, with operating losses typical in the seasonally light first and fourth quarters, unusual orders like the one last year can have a disproportionate impact. Underlying demand unrelated to disaster recovery is also slowing somewhat, but to a lesser degree than the headline year-over-year comparison might suggest. Management believes that underlying demand is within normal parameters for multi-year, election-related bond cycles. Despite the reduction in revenue, gross margin for the first quarter improved from 43.5% of sales to 47.5%. This improvement was due primarily to the relatively lower margins on last year’s disaster recovery order, but was also positively influenced by a higher proportion of orders requiring full service. Because the Company manufactures the majority of its products domestically, Management believes tariffs are unlikely to have significant impacts on gross margins going forward. Perhaps more importantly, the Company is confident in its ability to perform timely peak-season deliveries despite headline supply chain disruptions in other markets. Following two successive years of strong profitability, the Company is directing its cash toward the financing of seasonal inventories and accounts receivable as well as open-market share repurchases and major capital equipment. In the first quarter inclusive of February through April, 2025, the Company repu...

Revenue: US$266.2m (down 1.1% from FY 2024). Net income: US$21.6m (down 1.2% from FY 2024). Profit margin: 8.1% (in line with FY 2024). EPS: US$1.32 (down from US$1.35 in FY 2024). AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. All figures shown in the chart above are for the trailing 12 month (TTM) period Revenue missed analyst estimates by 5.2%. Earnings per share (EPS) also missed analyst estimates by 14%. The company's shares are up 9.3% from a week ago. While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We've done some analysis and you can see our take on Virco Mfg's balance sheet. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Long-Term Strategy of Investing in Domestic Manufacturing and Service Proves Successful Net Income For FYE 1.31.25 reaches $21.6 MM FYE 1.31.25 Revenue tops $266 MM Operating Cash Flow tops $33 MM Dividends and Share Repurchases exceed $5 MM Strategic Capital Expenditures Grow to $6 MM Shareholder Equity Increases 20% to $109 MM TORRANCE, Calif., April 14, 2025 (GLOBE NEWSWIRE) -- Virco Mfg. Corporation (NASDAQ: VIRC), a leading manufacturer and direct supplier of moveable furniture and equipment for educational environments and public spaces in the United States, today reported financial results for the Company’s fourth quarter and full fiscal year ended January 31, 2025. The Company also marked its 75th Anniversary of incorporation on February 1, 2025. Revenue for the full year ended January 31, 2025 declined 1.1% to $266,240,000 from $269,117,000 in the prior year. For the seasonally light fourth quarter, revenue decreased 33.2% to $28,466,000 from $42,601,000 in the prior year, reflecting the absence of an unusual counter-seasonal disaster recovery order that began to ship during last year’s winter season. For the full fiscal year, gross margin held steady at 43.1%, exactly the same as the prior year. In the fourth quarter, again reflecting the impact of lower revenue, gross margin declined to 26.2% from 37.7%. Ongoing growth in the Company’s PlanSCAPE full-service project management led to a 1.3% increase in Selling, General, and Administrative expenses as a percent of sales, to 32.6% compared to 31.3% in the prior fiscal year. Despite the slightly higher expense, Management views this shift toward more full-service orders as favorable, since it tends to reinforce the Company’s already strong customer relationships. For the fourth quarter, SG&A was 54.7% of sales versus 44.2% in the prior year. Operating income for the full year was $27,859,000 or 10.5% of sales compared to $31,877,000 or 11.8% of sales last year. Reductions in interest expense and taxes partly offset this decline in operating income, yielding net income for the full year of $21,644,000 compared to $21,910,000 last year. For the fourth quarter, the Company incurred a net loss of $5,730,000 versus a net loss of $2,342,000 in the same quarter of the prior year. These results continued to reinforce the Company’s already strong balance sheet, while also supporting over $5 million of combine...

MillerKnoll (MLKN) came out with quarterly earnings of $0.44 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.45 per share a year ago. These figures are adjusted for non-recurring items. A quarter ago, it was expected that this furniture maker would post earnings of $0.54 per share when it actually produced earnings of $0.55, delivering a surprise of 1.85%. Over the last four quarters, the company has surpassed consensus EPS estimates two times. MillerKnoll , which belongs to the Zacks Furniture industry, posted revenues of $876.2 million for the quarter ended February 2025, missing the Zacks Consensus Estimate by 5%. This compares to year-ago revenues of $872.3 million. The company has topped consensus revenue estimates just once over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. MillerKnoll shares have lost about 17.6% since the beginning of the year versus the S&P 500's decline of -1.8%. While MillerKnoll has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for MillerKnoll: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and cur...