secwatch.observer — SEC 8-K summary
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Issuer:     VIRCO MFG CORPORATION (VIRC)
CIK:        0000751365
Form:       8-K
Filed at:   2021-09-14T23:59:59+00:00
Accession:  0001628280-21-018560
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Virco posts Q2 net income up 5.8% to $3.8M; record backlog of $59.6M
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- Q2 net sales $59.0M, slight decline from $59.5M YoY; gross margin 37.8% vs 39.0%.
- Diluted EPS $0.24 vs $0.23 YoY; net income $3.8M (5.8% increase).
- Backlog of $59.6M as of Aug 31, 2021, 157% higher than 2020, 198% higher than 2019.
- Six-month net sales $87.4M (+13.1% YoY); net loss narrowed to $149K from $1.1M.
- Stimulus funding driving orders; expects less seasonality and strong H2.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/751365/000162828021018560/0001628280-21-018560-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/751365/000162828021018560/a-pressreleaseq207312021fi.htm
  HTML page:      https://secwatch.observer/filing/0001628280-21-018560

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer