secwatch.observer — SEC 8-K summary
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Issuer:     VIRCO MFG CORPORATION (VIRC)
CIK:        0000751365
Form:       8-K
Filed at:   2026-06-03T17:33:11+00:00
Accession:  0001628280-26-040123
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Virco posts Q1 net loss of $2.8M, revenue falls 9.1%; maintains $0.025 dividend
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- Net loss of $2.8M vs net income of $0.7M a year ago; revenue $30.7M (down 9.1% from $33.8M).
- Gross margin declined to 41.4% from 47.5% due to lower factory output and overhead absorption.
- Shipments plus backlog slipped 1.8% to $103.7M; incoming orders roughly flat year-over-year.
- Quarterly dividend of $0.025/share declared, payable July 10, 2026, to holders of record June 19, 2026.
- Cash on hand rose to $3.7M from $0.9M; $0.2M in buybacks and $0.4M in dividends returned to shareholders.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/751365/000162828026040123/0001628280-26-040123-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/751365/000162828026040123/virc-20260603.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-040123

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