---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-014118"
form_type: "8-K"
ticker: "VIRC"
cik: "0000751365"
company_name: "VIRCO MFG CORPORATION"
filed_at: "2023-04-28T23:59:59+00:00"
generated_at: "2026-06-16T07:04:41.974437+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Virco reports FY 2023 revenue up 25% to $231.1M; operating income of $10.8M vs loss year ago

## Summary
- FY 2023 net sales $231.1M (+25% YoY from $184.8M); gross margin expanded to 36.9% from 33.0%.
- Operating income $10.8M vs operating loss of $0.3M in prior year; reversed deferred tax asset valuation allowance for $8.5M non-cash benefit.
- Q4 revenue $38.8M (down from $40.1M) but gross margin improved to 33.5% from 26.5%.
- As of March 31, 2023, year-to-date 'shipments plus backlog' hit record $106.9M, up 25.7%.
- Management cites post-pandemic recovery, reshoring trend, and strong order flows for continued profitability.

## SEC filing metadata
- accession: 0001628280-23-014118
- form_type: 8-K
- ticker: VIRC
- cik: 0000751365
- company_name: VIRCO MFG CORPORATION
- filed_at: 2023-04-28T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/751365/000162828023014118/0001628280-23-014118-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/751365/000162828023014118/virc-20230428.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-014118
- JSON: https://secwatch.observer/filing/0001628280-23-014118.json
- Plain text: https://secwatch.observer/filing/0001628280-23-014118.txt

## Key facts
- Earnings Releases
  VIRCO MFG CORPORATION reported the fiscal year ended January 31, 2023 results: revenue $231.1 million.
  - Period: the fiscal year ended January 31, 2023
  - Revenue: $231.1 million
  - Result: reported results
  source text: Net sales for the full fiscal year ended January 31, 2023 was $231.1 million, a 25.0% increase from $184.8 million in the prior fiscal year.
  evidence_url: https://www.sec.gov/Archives/edgar/data/751365/000162828023014118/0001628280-23-014118-index.htm
- Earnings Releases
  VIRCO MFG CORPORATION reported the fourth quarter ended January 31, 2023 results: revenue $38.8 million.
  - Period: the fourth quarter ended January 31, 2023
  - Revenue: $38.8 million
  - Result: reported results
  source text: Net revenue in the Company’s seasonally light fourth quarter declined to $38.8 million compared to $40.1 million in the same period last year.
  evidence_url: https://www.sec.gov/Archives/edgar/data/751365/000162828023014118/0001628280-23-014118-index.htm

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