secwatch.observer — SEC 8-K summary
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Issuer:     VIRCO MFG CORPORATION (VIRC)
CIK:        0000751365
Form:       8-K
Filed at:   2024-12-09T23:59:59+00:00
Accession:  0001628280-24-050393
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Virco Q3 revenue down slightly to $82.6M; net income $8.4M vs $10.2M YoY
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- Q3 revenue $82.62M vs $84.25M last year; nine-month revenue up 5% to $237.8M.
- Q3 net income $8.40M, down from $10.16M; operating income $11.1M vs $14.7M.
- SG&A rose 8.8% due to higher freight/installation costs; gross margin 44.4%.
- Cash $38.9M, debt-free; inventories down 17% to $48.9M; AR down 15%.
- Quarterly dividend $0.025/share declared; $3.5M remaining for share repurchases.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/751365/000162828024050393/0001628280-24-050393-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/751365/000162828024050393/virc-20241209.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-050393

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