VIRC

Shipments Plus Backlog Declines 1.8% to $103.7 Million Gross Margin Declines to 41.4% vs. 47.5% LY Unusually Late Order Cycle May Reward Flexibility and Response Time of Company's Domestic Factories Board Declares Quarterly Dividend of $0.025 per Share, Payable July 10, 2026 to Shareholders of Record as of June 19, 2026 First Quarter Shareholder Returns Reach $0.6 Million, Including Buybacks and Dividends TORRANCE, Calif., June 03, 2026 (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 loss due to slowing demand during the Company’s first quarter ended April 30, 2026. Through three months, net sales were $30.7 million, a 9.1% decline from $33.8 million in the first period of the prior year. Net loss for the quarter was $2.8 million versus net income of $0.7 million last year. During last year’s first quarter, the Company was continuing to ship its lingering overhang on backlog. That overhang is gone now, resulting in a challenging year-over-year comparison. Underlying demand for school furniture is continuing to seek a new baseline following the significant market dislocations of the pandemic. In addition, the annual market cycle appears to be returning to its typical seasonality, in which the Company experiences operating losses in the seasonally light fourth and first quarters, while recording operating income during peak season second and third quarters. Largely because of the reduction in revenue and related lower factory output and overhead absorption, gross margin for the first quarter declined from 47.5% to 41.4%. Inventories have been adjusted to reflect current demand levels, declining 7.7% from $74.0 million last year to $68.3 million this year. “Shipments plus Backlog,” Management’s preferred forward metric for production planning and staffing, is 1.8% behind the prior year, at $103.7 million versus $105.6 million. Incoming order rates are roughly flat year-over-year, with a slightly higher backlog. Given this relatively neutral trend line, management is continuing to moderate expenses and investments. Cash on hand at quarter end was $3.7 million, compared to $0.9 million last year. One trend that continues to strengthen is the portion of orders requiring full service.   As schools continue to manage their own expenses, it makes more sense to have Virco provide the short-term design, planning, and installation services that now represent more than three quarters of the Company’s total backlog.   Management views this trend positively, since service of this kind is more challenging for import-based models to provide, thus forming a kind of “moat” around the Virco offering.   Further, this integrated vertical allows the Company to have better visibility and timely response for what is effectively becoming a seven-week delivery window, as schools extend their number of instructional days to address pandemic learning loss. Because the Company manufactures the majority of its products domestically, Management believes tariffs are unlikely to have significant impacts on gross margins going forward.   The Company has filed claims for reimbursement of previous tariff payments, but cannot offer any prediction about whether, when, or what portion of those payments may be refunded. 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 ended April 30, 2026, the Company repurchased $0.2 million worth of shares and distributed $0.4 million of cash dividends. On June 2, 2026, the Company’s Board of Directors declared a cash dividend for the Company’s second fiscal quarter of $0.025 on each outstanding share of common stock. The dividend is payable on July 10, 2026 to stockholders of record of the common stock as of the close of business on June 19, 2026. Furthermore, the Company continues to invest in major “platform processes” for its factories. These platforms expand the Company’s range of operations and bridge multiple product lines for both schools and other public and private gathering spaces. Management believes logical market extensions continue to be available, especially for products that share similar materials, processes, and logistical attributes with the Company’s core school furniture. Virco Chairman and CEO Robert Virtue commented on the first quarter and prospects for the full year: “We are often asked what the “new normal” looks like.   Simply stated, it looks a lot like the old normal with the addition of higher service needs as schools look to us for design, installation, and even asset management services.   Seasonality is returning to its traditional pattern with perhaps a sharper summer peak as schools extend their instructional calendar to address learning loss from the pandemic. “The emerging trend of more thoughtful deployment of technology is beginning to merge with a renewed appreciation of the benefits of hands-on career and technical education.   We support both of these developments, having seen their practical impacts in our own U.S. factories.   A practical combination of A.I., robotics, and human know-how has allowed us to remain globally competitive while supporting our local communities.   We believe the idea of “sustainability” needs to be evaluated in this more holistic way that takes account of the social and economic health of communities as well as natural ecosystems. We’re proud to have been a leader in this regard, with an industry-leading record of recycling, product service life, and raw material utilization, in addition to providing stable, good paying jobs that support strong families and communities. “The current trends in education support this balance.   Healthy communities make the best stewards, both for the environment and their own citizens.   We view curriculum aimed at student engagement and practical life skills as a positive development.   We look forward to supporting it with appropriate designs for classrooms and beyond.” About Virco Mfg. Corporation Founded in 1950, Virco Mfg. Corporation is the largest manufacturer and supplier of moveable educational furniture and equipment for the preschool through 12th grade market in the United States. The Company manufactures a wide assortment of products, including mobile tables, mobile storage equipment, desks, computer furniture, chairs, activity tables, folding chairs and folding tables. Along with serving customers in the education market - which in addition to preschool through 12th grade public and private schools includes: junior and community colleges; four-year colleges and universities; trade, technical and vocational schools - Virco is a furniture and equipment supplier for convention centers and arenas; the hospitality industry with respect to banquet and meeting facilities; government facilities at the federal, state, county and municipal levels; and places of worship. The Company also sells to wholesalers, distributors, traditional retailers and catalog retailers that serve these same markets. With operations entirely based in the United States, Virco designs, manufactures, and ships its furniture and equipment from one facility in Torrance, CA and three facilities in Conway, AR. More information on the Company can be found at www.virco.com. Contact:Virco Mfg. Corporation (310) 533-0474Robert A. Virtue, Chairman and Chief Executive OfficerDoug Virtue, PresidentBassey Yau, Chief Financial Officer Statement Concerning Forward-Looking Information This news release contains “forward-looking statements” as defined by the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements regarding: our future financial results and growth in our business; our business strategies; market demand and product development; estimates of backlog; order rates and trends in seasonality; product relevance; economic conditions and patterns; the educational furniture industry generally, including the domestic market for classroom furniture; cost control initiatives; absorption rates; and supply chain challenges. Forward-looking statements are based on current expectations and beliefs about future events or circumstances, and you should not place undue reliance on these statements. Such statements involve known and unknown risks, uncertainties, assumptions and other factors, many of which are out of our control and difficult to forecast. These factors may cause actual results to differ materially from those that are anticipated. Such factors include, but are not limited to: the impacts of tariffs and global trade uncertainties; changes in general economic conditions including raw material, energy and freight costs; state and municipal bond funding; state, local, and municipal tax receipts; order rates; the seasonality of our markets; the markets for school and office furniture generally, the specific markets and customers with which we conduct our principal business; the impact of cost-saving initiatives on our business; the competitive landscape, including responses of our competitors and customers to changes in our prices; changes in demographics; and the terms and conditions of available funding sources. See our Annual Report on Form 10-K for the year ended January 31, 2026, our Quarterly Reports on Form 10-Q, and other reports and material that we file with the Securities and Exchange Commission for a further description of these and other risks and uncertainties applicable to our business. We assume no, and hereby disclaim, any obligation to update any of our forward-looking statements. We nonetheless reserve the right to make such updates from time to time by press release, periodic reports, or other methods of public disclosure without the need for specific reference to this press release. No such update shall be deemed to indicate that other statements which are not addressed by such an update remain correct or create an obligation to provide any other updates. Financial Tables Follow A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/5cb7b8dc-e62f-46b9-a88f-ea8d26cf0a1d

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 years. The most obvious cause for the general slowdown is the expiration of pandemic recovery stimulus funds, also known as Elementary and Secondary School Emergency Relief ("ESSER") funds, but Management also points to a very cautious mood among many public and private school administrators, tied in part to the end of stimulus but perhaps also related to uncertainty about the future. Nonetheless, incoming order rates have begun to stabilize as the Company’s unshipped backlog pulled nearly even with the prior year’s backlog by the end of the Third Quarter. On a year-to-date basis, the Company’s preferred measure of overall business velocity—“Shipments Plus Backlog,” which combines actual shipments with the unshipped backlog—declined 25% from $265 million to $199 million. As bid season progresses through winter and spring, Management will continue to monitor this metric in order to match operating activities to demand. Management does not provide guidance or forecasts, but early indications appear to suggest a stabilization of demand at pre-pandemic levels. Despite the challenges of the current year, the Company’s balance sheet continues to improve, providing the flexibility to approach the current competitive moment as both a challenge and an opportunity. At the end of the Third Quarter, the Company’s Current Ratio, a key indicator of liquidity, stood at 3.98. This reflects Management’s assessment of the current business climate and a conscious decision to preserve a portion of the record income from the past two years to weather downturns like the present one. Longer term, Management sees the potential for a recovery similar to those immediately following the pandemic, during which the Company’s domestic U.S. factories and vertical business model afforded good control over multiple operating challenges including: Higher interest rates Labor shortages Supply chain interruptions Rapidly shifting tariff environment Evolving customer preferences for well-capitalized turnkey suppliers with a proven track record of quality and ongoing customer service On December 4, 2025, the Company’s Board of Directors declared a cash dividend for the Company’s fourth fiscal quarter of $0.025 on each outstanding share of common stock. The dividend is payable on January 9, 2026 to stockholders of record of the common stock as of the close of business on December 19, 2025. While the Company currently intends to pay future dividends on a quarterly basis, following review and approval by the Board of Directors, the declaration and payment of future dividends, as well as the amounts thereof, are subject to the discretion of the Board as well as restrictive covenants in the Company’s lending agreements. There can be no assurance that the Company will declare and pay dividends in future periods. Commenting on the challenging quarter and overall environment for school FF&E, Robert Virtue, Virco’s Chairman and CEO, shared the following observations: “We heard from our field sales managers that “it feels like COVID out here.” While conditions in the schools weren’t exactly the same—there were no closures or stay-at-home mandates—the general level of uncertainty was very high. The magnitude of pandemic stimulus had been so great that, when it ended, even though it was never intended to support full-time payroll, it had a negative impact on staff morale and related forward planning. Under these conditions, a number of new construction and refurbishment projects were postponed. “But because many of these types of projects are bond-funded (which is essentially a dedicated form of “earmark”), we anticipated that they would eventually come back online. While the backlog of deferred projects may not be quite as big as it was immediately after COVID, this moment shares some of the same attributes as that event. Our pipeline of projects is beginning to re-fill, along with some positive “surprises” that weren’t on our radar. This might suggest a similar catch-up to normalized business velocity over the next two or three years, again mimicking the pattern after COVID, although likely at a lower degree of magnitude. “For this reason, we have made a calculated decision to protect the strength of our balance sheet, which was perhaps permanently re-shaped following the pandemic, so that we have the same ability to respond to new opportunities as we did then. “It is still our opinion that the market for school furniture and equipment is seeking a new equilibrium following the unprecedented disruptions of the pandemic. We don’t know exactly what the “new normal” will look like, but we do believe that education, both public and private, is an essential social function, and that our experience and financial flexibility will allow us to be a reliable partner, whatever form it eventually assumes. We also view this moment as offering similar opportunities for our type of furniture in adjacent public and private markets, and we are actively and enthusiastically exploring those opportunities.” About Virco Mfg. Corporation Founded in 1950, Virco Mfg. Corporation is the largest manufacturer and supplier of moveable educational furniture and equipment for the preschool through 12th grade market in the United States. The Company manufactures a wide assortment of products, including mobile tables, mobile storage equipment, desks, computer furniture, chairs, activity tables, folding chairs and folding tables. Along with serving customers in the education market - which in addition to preschool through 12th grade public and private schools includes: junior and community colleges; four-year colleges and universities; trade, technical and vocational schools - Virco is a furniture and equipment supplier for convention centers and arenas; the hospitality industry with respect to banquet and meeting facilities; government facilities at the federal, state, county and municipal levels; and places of worship. The Company also sells to wholesalers, distributors, traditional retailers and catalog retailers that serve these same markets. With operations entirely based in the United States, Virco designs, manufactures, and ships its furniture and equipment from one facility in Torrance, CA and three facilities in Conway, AR. More information on the Company can be found at www.virco.com. Contact: Virco Mfg. Corporation (310) 533-0474 Robert A. Virtue, Chairman and Chief Executive Officer Doug Virtue, President Bassey Yau, Chief Financial Officer Statement Concerning Forward-Looking Information This news release contains “forward-looking statements” as defined by the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements regarding: our future financial results and growth in our business; our business strategies; market demand and product development; estimates of unshipped backlog; order rates and trends in seasonality; product relevance; economic conditions and patterns; the educational furniture industry generally, including the domestic market for classroom furniture; cost control initiatives; absorption rates; and supply chain challenges. Forward-looking statements are based on current expectations and beliefs about future events or circumstances, and you should not place undue reliance on these statements. Such statements involve known and unknown risks, uncertainties, assumptions and other factors, many of which are out of our control and difficult to forecast. These factors may cause actual results to differ materially from those that are anticipated. Such factors include, but are not limited to: the impacts of tariffs and global trade uncertainties; changes in general economic conditions including raw material, energy and freight costs; state and municipal bond funding; state, local, and municipal tax receipts; order rates; the seasonality of our markets; the markets for school and office furniture generally, the specific markets and customers with which we conduct our principal business; the impact of cost-saving initiatives on our business; the competitive landscape, including responses of our competitors and customers to changes in our prices; changes in demographics; and the terms and conditions of available funding sources. See our Annual Report on Form 10-K for the year ended January 31, 2025, our Quarterly Reports on Form 10-Q, and other reports and material that we file with the Securities and Exchange Commission for a further description of these and other risks and uncertainties applicable to our business. We assume no, and hereby disclaim, any obligation to update any of our forward-looking statements. We nonetheless reserve the right to make such updates from time to time by press release, periodic reports, or other methods of public disclosure without the need for specific reference to this press release. No such update shall be deemed to indicate that other statements which are not addressed by such an update remain correct or create an obligation to provide any other updates. A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/6e6b6388-5088-4f77-a6f5-71c3171530fb

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 months was $0.3 million versus $0.5 million in the prior year, reflecting the Company’s strong liquidity and cash flows, which provide virtually all of its working capital. Net Income through six months was $10.9 million compared to $19.0 million last year. As stated above, despite unfavorable year-over-year comparisons with the prior two record years, this year’s results are the Company’s third-best in the last decade, contributing to a strong balance sheet and an aggressive stance toward future opportunities. Management observes similarities between the current market conditions and those of 2021, when supply chains were readjusting to pandemic disruptions. In that challenging environment, the Company was able to fully leverage its domestic capabilities. Management is again seeking market opportunities that can be better served by a domestic manufacturer that is reliable, financially stable, and less exposed to the volatility of tariffs and other supply-chain uncertainties. Management does not provide guidance but instead uses its own non-GAAP metric of “Shipments plus Backlog” to plan for the future. At July 31, 2025 Shipments plus Backlog stood at $165.9 million, a 25.8% decline from $223.7 million on the same date last year. Given this prospect, Management is cautious about the remainder of the year and is actively working to balance output, inventories, and expenses while also preparing for a possible market recovery in the next two years. Typically, spending for school furniture and equipment fluctuates around the election cycle, with mid-term years being generally more favorable than presidential years. On September 2, 2025, the Company’s Board of Directors declared a cash dividend for the Company’s second fiscal quarter of $0.025 on each outstanding share of common stock. The dividend is payable on October 10, 2025 to stockholders of record of the common stock as of the close of business on September 19, 2025. While the Company currently intends to pay future dividends on a quarterly basis, following review and approval by the Board of Directors, the declaration and payment of future dividends, as well as the amounts thereof, are subject to the discretion of the Board as well as restrictive covenants in the Company’s lending agreements. There can be no assurance that the Company will declare and pay dividends in future periods. Virco Chairman and CEO Robert Virtue had these observations on the Company’s performance: “While we’re never happy to report a slowdown like we’re experiencing this year, we have learned to plan through the slowdown to the opportunities on the other side. This was especially true coming out of the pandemic, which provided opportunities of a magnitude that we’d never seen before. “It’s our sense now, in the summer of 2025, that the full economic impacts of recent tariff announcements and related supply-chain responses have yet to be seen. While we can’t and won’t attempt to predict what those might be, we think our status as a vertically-integrated manufacturer/supplier with over 2 million square feet of domestic infrastructure and a deeply experienced workforce, as well as our liquidity and strong balance sheet, put us in position to benefit from whatever the new equilibrium turns out to be. This moment reminds us of the summer of 2021, when the short-term prospects were discouraging but the longer-term looked bright. “We’re stronger now and better prepared than in 2021. Our team looks forward to another exciting and rewarding recovery as the new competitive landscape takes shape and America’s public and private schools continue to serve the more than 55 million students and teachers who spend time on campus during the school year.” About Virco Mfg. Corporation Founded in 1950, Virco Mfg. Corporation is the largest manufacturer and supplier of moveable educational furniture and equipment for the preschool through 12th grade market in the United States. The Company manufactures a wide assortment of products, including mobile tables, mobile storage equipment, desks, computer furniture, chairs, activity tables, folding chairs and folding tables. Along with serving customers in the education market - which in addition to preschool through 12th grade public and private schools includes: junior and community colleges; four-year colleges and universities; trade, technical and vocational schools - Virco is a furniture and equipment supplier for convention centers and arenas; the hospitality industry with respect to banquet and meeting facilities; government facilities at the federal, state, county and municipal levels; and places of worship. The Company also sells to wholesalers, distributors, traditional retailers and catalog retailers that serve these same markets. With operations entirely based in the United States, Virco designs, manufactures, and ships its furniture and equipment from one facility in Torrance, CA and three facilities in Conway, AR. More information on the Company can be found at www.virco.com. Contact: Virco Mfg. Corporation (310) 533-0474 Robert A. Virtue, Chairman and Chief Executive Officer Doug Virtue, President Bassey Yau, Chief Financial Officer Statement Concerning Forward-Looking Information This news release contains “forward-looking statements” as defined by the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements regarding: our future financial results and growth in our business; our business strategies; market demand and product development; estimates of unshipped backlog; order rates and trends in seasonality; product relevance; economic conditions and patterns; the educational furniture industry generally, including the domestic market for classroom furniture; cost control initiatives; absorption rates; and supply chain challenges. Forward-looking statements are based on current expectations and beliefs about future events or circumstances, and you should not place undue reliance on these statements. Such statements involve known and unknown risks, uncertainties, assumptions and other factors, many of which are out of our control and difficult to forecast. These factors may cause actual results to differ materially from those that are anticipated. Such factors include, but are not limited to: the impacts of tariffs and global trade uncertainties; changes in general economic conditions including raw material, energy and freight costs; state and municipal bond funding; state, local, and municipal tax receipts; order rates; the seasonality of our markets; the markets for school and office furniture generally, the specific markets and customers with which we conduct our principal business; the impact of cost-saving initiatives on our business; the competitive landscape, including responses of our competitors and customers to changes in our prices; changes in demographics; and the terms and conditions of available funding sources. See our Annual Report on Form 10-K for the year ended January 31, 2025, our Quarterly Reports on Form 10-Q, and other reports and material that we file with the Securities and Exchange Commission for a further description of these and other risks and uncertainties applicable to our business. We assume no, and hereby disclaim any, obligation to update any of our forward-looking statements. We nonetheless reserve the right to make such updates from time to time by press release, periodic reports, or other methods of public disclosure without the need for specific reference to this press release. No such update shall be deemed to indicate that other statements which are not addressed by such an update remain correct or create an obligation to provide any other updates. Financial Tables Follow

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 of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.47 on $85.9 million in revenues for the coming quarter and $1.00 on $263.1 million in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Furniture is currently in the bottom 15% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Hooker Furniture (HOFT), another stock in the same industry, has yet to report results for the quarter ended July 2025. The results are expected to be released on September 11. This home furnishings company is expected to post quarterly loss of $0.12 per share in its upcoming report, which represents a year-over-year change of +36.8%. The consensus EPS estimate for the quarter has been revised 5.6% lower over the last 30 days to the current level. Hooker Furniture's revenues are expected to be $91.17 million, down 4.1% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Virco Manufacturing Corporation (VIRC) : Free Stock Analysis Report Hooker Furnishings Corp. (HOFT) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

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 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.

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 per share upgrade, which suggests a clear improvement in sentiment around Virco Mfg's earnings potential next year. On the negative side, they also downgraded their revenue estimates, and forecasts imply they will perform worse than the wider industry. Yet - earnings are more important to the intrinsic value of the business. The consensus price target fell measurably, with the analyst seemingly not reassured by the latest results, leading to a lower estimate of Virco Mfg's future valuation. With that said, the long-term trajectory of the company's earnings is a lot more important than next year. At least one analyst has provided forecasts out to 2027, which can be seen for free on our platform here. Don't forget that there may still be risks. For instance, we've identified 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.

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 repurchased $4.0 million worth of shares and distributed $0.4 million of cash dividends. On June 3, 2025, the Company’s Board of Directors declared a cash dividend for the Company’s second fiscal quarter of $0.025 on each outstanding share of common stock. The dividend is payable on July 11, 2025 to stockholders of record of the common stock as of the close of business on June 20, 2025. Furthermore, the Company invested more than $2.0 million on major “platform processes” for its factories. These platforms expand the Company’s range of operations and bridge multiple product lines, providing highly controllable operating leverage. Investments of this type may also support domestically-driven expansion into adjacent markets, where new opportunities are emerging as a result of recent changes in global trade. Chairman and CEO Robert Virtue commented on the first quarter and the prospect looking forward: “Having been through a number of cycles during our 75-year history, we knew that it would be a challenge to match last year’s disaster recovery order. We also believed that thoughtful deployment of those profits would position us to take advantage of similar opportunities should they develop again. “This includes several things. First, it requires a team with the skills and experience to evaluate, install, and operate actual fabrication and manufacturing equipment. This is why we continue to invest in the training and continuity of our employees, which we consider Virco’s greatest asset. Second, it requires the liquidity to finance very large receivables and the inventories that support them. Third, it may demand rapid deployment of new technologies, for production, service, distribution, and their integration. We are maintaining this opportunistic stance and we look forward to successfully navigating whatever challenges and opportunities may develop this year and next. “Regarding the business cycle, this current year looks like it will represent a “pause” in the recent rapid recovery of the school furniture market following COVID school closures. But we see hopeful signs in the mid-term school bond environment and look forward to supporting renewed growth in school construction as families and communities continue to invest in their futures.” About Virco Mfg. Corporation Founded in 1950, Virco Mfg. Corporation is the largest manufacturer and supplier of moveable educational furniture and equipment for the preschool through 12th grade market in the United States. The Company manufactures a wide assortment of products, including mobile tables, mobile storage equipment, desks, computer furniture, chairs, activity tables, folding chairs and folding tables. Along with serving customers in the education market - which in addition to preschool through 12th grade public and private schools includes: junior and community colleges; four-year colleges and universities; trade, technical and vocational schools - Virco is a furniture and equipment supplier for convention centers and arenas; the hospitality industry with respect to banquet and meeting facilities; government facilities at the federal, state, county and municipal levels; and places of worship. The Company also sells to wholesalers, distributors, traditional retailers and catalog retailers that serve these same markets. With operations entirely based in the United States, Virco designs, manufactures, and ships its furniture and equipment from one facility in Torrance, CA and three facilities in Conway, AR. More information on the Company can be found at www.virco.com. Contact: Virco Mfg. Corporation (310) 533-0474 Robert A. Virtue, Chairman and Chief Executive Officer Doug Virtue, President Bassey Yau, Chief Financial Officer Statement Concerning Forward-Looking Information This news release contains “forward-looking statements” as defined by the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements regarding: our future financial results and growth in our business; our business strategies; market demand and product development; estimates of unshipped backlog; order rates and trends in seasonality; product relevance; economic conditions and patterns; the educational furniture industry generally, including the domestic market for classroom furniture; cost control initiatives; absorption rates; and supply chain challenges. Forward-looking statements are based on current expectations and beliefs about future events or circumstances, and you should not place undue reliance on these statements. Such statements involve known and unknown risks, uncertainties, assumptions and other factors, many of which are out of our control and difficult to forecast. These factors may cause actual results to differ materially from those that are anticipated. Such factors include, but are not limited to: the impacts of tariffs and global trade uncertainties; changes in general economic conditions including raw material, energy and freight costs; state and municipal bond funding; state, local, and municipal tax receipts; order rates; the seasonality of our markets; the markets for school and office furniture generally, the specific markets and customers with which we conduct our principal business; the impact of cost-saving initiatives on our business; the competitive landscape, including responses of our competitors and customers to changes in our prices; changes in demographics; and the terms and conditions of available funding sources. See our Annual Report on Form 10-K for the year ended January 31, 2025, our Quarterly Reports on Form 10-Q, and other reports and material that we file with the Securities and Exchange Commission for a further description of these and other risks and uncertainties applicable to our business. We assume no, and hereby disclaim any, obligation to update any of our forward-looking statements. We nonetheless reserve the right to make such updates from time to time by press release, periodic reports, or other methods of public disclosure without the need for specific reference to this press release. No such update shall be deemed to indicate that other statements which are not addressed by such an update remain correct or create an obligation to provide any other updates. Financial Tables Follow A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/3c1888b1-07df-4bf4-a0dd-a2658928384b

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 combined cash dividends and open-market share repurchases as well as the purchase of over $6 million in new production machinery and equipment. Cash at year-end was $26,867,000 versus $5,286,000 last year. The Company also executed a 5-year extension of its Torrance, California operating lease which appears as offsetting right-of-use assets and liabilities on the balance sheet. Management has fielded a number of questions from investors regarding the likely impacts of tariffs and global trade uncertainty for the upcoming year. Management does not provide guidance but instead points investors to its own, non-GAAP planning metric of “Shipments plus Backlog.” This measure takes into account the highly seasonal nature of the school furniture business, with seasonally light deliveries in Quarters 1 and 4, a seasonal buildup of orders and backlog during Quarters 1 and 2, followed by robust deliveries during Quarters 2 and 3, when schools are out of session. Accounts receivable peak in Quarter 3, followed by strong cash receipts through year-end. This pattern displays cyclical oscillations depending on state and local tax receipts, bond funding cycles, and periodic injections of federal stimulus. But the pattern itself has proven robust for production planning, staffing, and seasonal financing activities over many years of supporting the furniture needs of America’s public and private schools. As of January 31, 2025, Shipments plus Backlog totaled $316,418,000. This was down slightly compared to prior year, when the number totaled $318,404,000. Since year-end, the YOY comparison has slipped further, reflecting the absence of last year’s unusually large and counter-seasonal disaster recovery order, which skewed both backlog and deliveries toward Quarters 1 and 4. Looking back to before the pandemic, Shipments plus Backlog reflects the impacts of COVID-related school closures, the subsequent supply chain disruption, and the following years of strong growth and profitability for the Company. In fact, coming out of those three years of market uncertainty, Virco recorded the two most profitable years in its 75-year history: Management cautions investors against using this number, or the even more volatile quarterly results, to evaluate the Company’s longer term prospects. Instead, Management highlights the visibility and control this metric provides for resource planning and financing, giving Management the confidence to continue investing in the Company’s capabilities despite normal (as well as abnormal) fluctuations in the larger pattern. Management views the current moment as an ideal time to continue and even expand re-investment in equipment and personnel. Several components and inputs subject to potential tariffs are currently being evaluated for in-house, domestic fabrication. The Company’s strong financial position and confidence in longer-term demand make it possible to invest through these cycles, positioning Virco to respond quickly and profitably should major opportunities develop. Further, the Company’s focus on domestic fabrication and service, combined with the regionally, socially, and economically diverse nature of America’s 13,000+ public and private school districts, provides a degree of insulation against the current volatility of global trade. None of these advantages guarantee the results for any given year. Instead, they reflect the thoughtful alignment of the Company’s business model with the unique requirements of its customers. It is the resilience of education as a critical but also highly diverse social function that informs Management’s views about the future and thus its willingness to invest through cycles of apparent uncertainty, trusting that at the end of each of these cycles there are healthy returns to normal. It does appear more likely than not that some of the Company’s input costs are likely to increase. It may or may not be possible to offset these increases with adjustments to product and service pricing, meaning that negative impacts to operating margins are possible in the short- to mid-term. In addition, uncertainty regarding public and private school funding may have negative impacts on short-term demand, although mid-term signals, such as successful bond elections and early-stage project planning, remain favorable. Commenting on another strong year and the Company’s 75th Anniversary, Virco Chairman and CEO Robert Virtue said: “One advantage of our long history is perspective. We have confronted many challenges of many different kinds, but through all of them we have maintained our commitment to the fundamental importance of education, both public and private, and thus our need to continue investing in our own capabilities to make sure we can provide the highest levels of reliable service and quality. The back-to-back challenges of COVID and supply chain disruptions taught us that recovery is possible and that it can happen very suddenly. This makes operational preparedness and financial strength essential, otherwise these big but fleeting opportunities can be missed. We are fortunate to have a tough and highly experienced workforce here at Virco. I believe that if anyone can turn uncertainty into opportunity, it’s them. “We also look forward to supporting students, families, and educators as they continue their encouraging recovery from the interruptions of the past few years. “Finally, it is with sincere gratitude that we thank our shareholders for investing in our very long-term vision of keeping good manufacturing jobs here in America, especially in service of an important social institution like education.” About Virco Mfg. Corporation Founded in 1950, Virco Mfg. Corporation is the largest manufacturer and supplier of moveable educational furniture and equipment for the preschool through 12th grade market in the United States. The Company manufactures a wide assortment of products, including mobile tables, mobile storage equipment, desks, computer furniture, chairs, activity tables, folding chairs and folding tables. Along with serving customers in the education market - which in addition to preschool through 12th grade public and private schools includes: junior and community colleges; four-year colleges and universities; trade, technical and vocational schools - Virco is a furniture and equipment supplier for convention centers and arenas; the hospitality industry with respect to banquet and meeting facilities; government facilities at the federal, state, county and municipal levels; and places of worship. The Company also sells to wholesalers, distributors, traditional retailers and catalog retailers that serve these same markets. With operations entirely based in the United States, Virco designs, manufactures, and ships its furniture and equipment from one facility in Torrance, CA and three facilities in Conway, AR. More information on the Company can be found at www.virco.com. Contact: Virco Mfg. Corporation (310) 533-0474 Robert A. Virtue, Chairman and Chief Executive Officer Doug Virtue, President Robert Dose, Chief Financial Officer Statement Concerning Forward-Looking Information This news release contains “forward-looking statements” as defined by the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements regarding: our future financial results and growth in our business; business strategies; market demand and product development; estimates of unshipped backlog; order rates and trends in seasonality; product relevance; economic conditions and patterns; the educational furniture industry generally, including the domestic market for classroom furniture; cost control initiatives; absorption rates; and supply chain challenges. Forward-looking statements are based on current expectations and beliefs about future events or circumstances, and you should not place undue reliance on these statements. Such statements involve known and unknown risks, uncertainties, assumptions and other factors, many of which are out of our control and difficult to forecast. These factors may cause actual results to differ materially from those that are anticipated. Such factors include, but are not limited to: uncertainties surrounding the ongoing and long-term effects of the COVID-19 pandemic; changes in general economic conditions including raw material, energy and freight costs; state and municipal bond funding; state, local, and municipal tax receipts; order rates; the seasonality of our markets; the markets for school and office furniture generally, the specific markets and customers with which we conduct our principal business; the impact of cost-saving initiatives on our business; the competitive landscape, including responses of our competitors and customers to changes in our prices; demographics; and the terms and conditions of available funding sources. See our Annual Report on Form 10-K for the year ended January 31, 2025, our Quarterly Reports on Form 10-Q, and other reports and material that we file with the Securities and Exchange Commission for a further description of these and other risks and uncertainties applicable to our business. We assume no, and hereby disclaim any, obligation to update any of our forward-looking statements. We nonetheless reserve the right to make such updates from time to time by press release, periodic reports, or other methods of public disclosure without the need for specific reference to this press release. No such update shall be deemed to indicate that other statements which are not addressed by such an update remain correct or create an obligation to provide any other updates. Financial Tables Follow A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/3c1888b1-07df-4bf4-a0dd-a2658928384b

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 current fiscal year change in the days ahead. The current consensus EPS estimate is $0.77 on $964.9 million in revenues for the coming quarter and $2.12 on $3.72 billion in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Furniture is currently in the bottom 18% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Virco Manufacturing Corporation (VIRC), another stock in the same industry, has yet to report results for the quarter ended January 2025. This company is expected to post quarterly loss of $0.15 per share in its upcoming report, which represents a year-over-year change of -7.1%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. Virco Manufacturing Corporation's revenues are expected to be $43 million, up 0.9% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report MillerKnoll, Inc. (MLKN) : Free Stock Analysis Report Virco Manufacturing Corporation (VIRC) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research