---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-21-024966"
form_type: "8-K"
ticker: "VIRC"
cik: "0000751365"
company_name: "VIRCO MFG CORPORATION"
filed_at: "2021-12-14T23:59:59+00:00"
generated_at: "2026-06-28T01:28:03.703529+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Virco Q3 net income down 70% to $0.08 EPS; record backlog $45.1M but margins squeezed

## Summary
- Q3 net sales $57.3M flat YoY; net income $1.3M ($0.08 diluted) vs $4.5M ($0.28) last year.
- Gross margin fell to 35.4% from 38.9% due to higher raw material and freight costs.
- Nine-month revenue up 7.6% to $144.7M; net income $1.2M ($0.07) vs $3.3M ($0.21).
- Record unshipped backlog of $45.1M at Nov 30; shipments+backlog $205.7M vs $158.7M in 2020.
- CEO cites supply chain issues but output improving; price increases secured for next year.

## SEC filing metadata
- accession: 0001628280-21-024966
- form_type: 8-K
- ticker: VIRC
- cik: 0000751365
- company_name: VIRCO MFG CORPORATION
- filed_at: 2021-12-14T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/751365/000162828021024966/0001628280-21-024966-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/751365/000162828021024966/virc-20211213.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-21-024966
- JSON: https://secwatch.observer/filing/0001628280-21-024966.json
- Plain text: https://secwatch.observer/filing/0001628280-21-024966.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.