---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-027220"
form_type: "8-K"
ticker: "VIRC"
cik: "0000751365"
company_name: "VIRCO MFG CORPORATION"
filed_at: "2024-06-07T23:59:59+00:00"
generated_at: "2026-06-01T05:44:52.806863+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Virco Q1 revenue $46.7M (+33.7%), net income $2.1M vs loss; declares $0.02 dividend

## Summary
- Revenue increased 33.7% to $46.7M; net income of $2.1M vs a loss of $1.4M in prior-year Q1.
- Gross margin expanded to 43.5% from 37.8% on higher factory output and stable raw material costs.
- Board declared quarterly dividend of $0.02/share, payable July 12, 2024 to holders of record June 21, 2024.
- Completed $1.5M in share repurchases; remaining authorization of $3.5M.
- Revolver borrowings dropped to $2.7M from $30.1M; stockholders' equity rose 37.3% to $91.6M.

## SEC filing metadata
- accession: 0001628280-24-027220
- form_type: 8-K
- ticker: VIRC
- cik: 0000751365
- company_name: VIRCO MFG CORPORATION
- filed_at: 2024-06-07T23:59:59+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/751365/000162828024027220/0001628280-24-027220-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/751365/000162828024027220/virc-20240607.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-027220
- JSON: https://secwatch.observer/filing/0001628280-24-027220.json
- Plain text: https://secwatch.observer/filing/0001628280-24-027220.txt

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