Recent 8-K filings for VIRC
Highest-materiality recent filing
Virco Q2 revenue $108.4M (+1% YoY); operating margin 20.2%; YTD EPS record $1.16; dividend raised
- Revenue $108.4M (+1% YoY); first-half revenue $155.2M (+9.1%). Gross margin improved to 46.3% from 45.3%.
- Operating income Q2 record $21.9M (20.2% margin); first-half operating income $24.9M (16.0% margin).
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Virco posts Q1 net loss of $2.8M, revenue falls 9.1%; maintains $0.025 dividend
Net loss of $2.8M vs net income of $0.7M a year ago; revenue $30.7M (down 9.1% from $33.8M).
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Virco FY2026 net income $2.6M, revenue $199.7M; Q4 operating loss $9.9M
Full year net income $2.6M on revenue $199.7M; Q4 revenue $26.2M (-8.1% YoY), operating loss $9.9M.
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Virco declares $0.025 quarterly dividend for Q1 fiscal 2026
Cash dividend of $0.025 per common share declared for first fiscal quarter.
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Virco Q3 net loss of $1.3M on sales of $47.6M; nine-month revenue down 27% to $173.5M
Q3 net loss $1.3M vs. profit $8.4M YoY; gross margin fell to 38.0% from 44.4%.
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Virco Q2 revenue down 15% to $92.1M; operating income $15.4M vs $21.9M last year
Six-month shipments $125.8M, down 18.9% YoY; operating income $15.3M (third-best in decade).
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Virco increases CFO Bassey Yau's base salary to $340,000 effective June 19, 2025
CFO Bassey Yau's base compensation raised to $340,000 by Compensation Committee on June 19, 2025.
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Virco Q1 net income $0.7M, down 67% YoY; backlog drops 23% as school demand slows
Net income $0.7M vs $2.1M last year; gross margin improved 400 bps to 47.5% on mix shift.
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Virco FY net income $21.6M, revenue $266M; cash jumps to $26.9M, shareholder returns >$5M
FY revenue $266.2M (-1.1% YoY); net income $21.6M vs $21.9M prior.
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CFO Robert Dose to retire Apr 30; Bassey Yau named successor
CFO Robert Dose retiring after 35 years effective April 30, 2025; will remain available for consultation.
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Virco board authorizes $10M share repurchase program starting Feb 1, 2025
New program allows repurchases of up to $10M of common stock; no set expiration date.
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Virco Q3 revenue down slightly to $82.6M; net income $8.4M vs $10.2M YoY
Q3 revenue $82.62M vs $84.25M last year; nine-month revenue up 5% to $237.8M.
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Virco Q2 revenue $108.4M (+1% YoY); operating margin 20.2%; YTD EPS record $1.16; dividend raised
Revenue $108.4M (+1% YoY); first-half revenue $155.2M (+9.1%). Gross margin improved to 46.3% from 45.3%.
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Virco enters 65-month lease extension for Torrance HQ facility through Sep 2030
Lease with Starboard Distribution Center for 559,000 sq ft; term May 1, 2025 to Sep 30, 2030 plus one 5-year option.
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Virco shareholders elect all three Class II director nominees at 2024 annual meeting
Robert A. Virtue re-elected with 11,479,734 votes for, 151,753 withheld.
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Virco Q1 revenue $46.7M (+33.7%), net income $2.1M vs loss; declares $0.02 dividend
Revenue increased 33.7% to $46.7M; net income of $2.1M vs a loss of $1.4M in prior-year Q1.
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Virco reports FY revenue up 16.5% to $269.1M; net income rises to $21.9M
Full year revenue $269.1M (+16.5% YoY); net income $21.9M vs $16.5M.
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Shipments plus Backlog (non-GAAP) reached all-time company record of $317.6M as of Jan 31, 2024.
Earnings & guidance
Materiality & sentiment trend
Max materiality 0.75 · Median 0.70 · Most common event earnings