---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-25-029916"
form_type: "8-K"
ticker: "VIRC"
cik: "0000751365"
company_name: "VIRCO MFG CORPORATION"
filed_at: "2025-06-06T23:59:59+00:00"
generated_at: "2026-05-19T19:03:41.944128+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Virco Q1 net income $0.7M, down 67% YoY; backlog drops 23% as school demand slows

## Summary
- Net income $0.7M vs $2.1M last year; gross margin improved 400 bps to 47.5% on mix shift.
- Shipments plus backlog fell 22.9% to $105.6M; underlying demand within normal bond-cycle range.
- Board declared Q2 dividend $0.025/share, payable July 11, 2025 to holders of record June 20.
- Q1 shareholder returns: $4.0M share repurchases plus $0.4M dividends; over $2.0M factory capex.
- Moss Adams merged into Baker Tilly; no audit disagreements or adverse opinions in prior years.

## SEC filing metadata
- accession: 0001628280-25-029916
- form_type: 8-K
- ticker: VIRC
- cik: 0000751365
- company_name: VIRCO MFG CORPORATION
- filed_at: 2025-06-06T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 4.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/751365/000162828025029916/0001628280-25-029916-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/751365/000162828025029916/virc-20250603.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-25-029916
- JSON: https://secwatch.observer/filing/0001628280-25-029916.json
- Plain text: https://secwatch.observer/filing/0001628280-25-029916.txt

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