---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-041135"
form_type: "8-K"
ticker: "VIRC"
cik: "0000751365"
company_name: "VIRCO MFG CORPORATION"
filed_at: "2023-12-08T23:59:59+00:00"
generated_at: "2026-06-07T15:51:24.490719+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Virco reports Q3 net income $10.16M (+29%); revenue $84.25M; reinstates dividend, $5M buyback

## Summary
- Q3 sales $84.25M (+9% YoY); gross margin 45.4% vs 39.8% LY; operating income $14.71M (+67.1%).
- Net income $10.16M, up 29% from $7.88M in prior-year quarter.
- Reinstated quarterly dividend of $0.02/share, payable Jan 10, 2024 to holders of record Dec 22, 2023.
- Board authorized $5M open-market share repurchase program; no time limit, at management's discretion.
- YTD sales $226.5M (+17.8%); YTD operating income $34.65M (more than doubled from $15.23M).

## SEC filing metadata
- accession: 0001628280-23-041135
- form_type: 8-K
- ticker: VIRC
- cik: 0000751365
- company_name: VIRCO MFG CORPORATION
- filed_at: 2023-12-08T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/751365/000162828023041135/0001628280-23-041135-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/751365/000162828023041135/virc-20231208.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-041135
- JSON: https://secwatch.observer/filing/0001628280-23-041135.json
- Plain text: https://secwatch.observer/filing/0001628280-23-041135.txt

## Key facts
- Earnings Releases
  VIRCO MFG CORPORATION reported third quarter ended October 31, 2023 results: revenue $84,252,000, net income $10,160,000.
  - Period: third quarter ended October 31, 2023
  - Revenue: $84,252,000
  - Net income: $10,160,000
  - Result: reported results
  source text: reinstatement of a quarterly dividend of $0.02 per share and a $5,000,000 open market share repurchase program. For the third quarter ended October 31, 2023, sales increased to $84,252,000 compared to $77,395,000 in the same period of the prior year. Gross margin improved to 45.4% from 39.8%. SG&A as a percent of sales decreased slightly to 27.9% versus 28.4% in the
  evidence_url: https://www.sec.gov/Archives/edgar/data/751365/000162828023041135/0001628280-23-041135-index.htm

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