Recent 8-K filings for VIRC
Highest-materiality recent filing
Virco Q3 revenue up 35% to $77.4M, net income $7.9M; director Rudkin passes away
- Q3 net revenue $77.4M, +35% YoY; net income $7.9M vs $1.3M.
- YTD revenue $192.3M (+32.9%), EPS $0.77 vs $0.07; operating income $15.2M (3.6x).
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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 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 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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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 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.
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Virco reports Q3 net income $10.16M (+29%); revenue $84.25M; reinstates dividend, $5M buyback
Q3 sales $84.25M (+9% YoY); gross margin 45.4% vs 39.8% LY; operating income $14.71M (+67.1%).
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Virco Q2 revenue jumps 30% to $107M; operating income nearly doubles to $21.3M
Q2 revenue $107.3M (+30% YoY); operating income $21.3M vs $11.2M.
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Virco reports 8.7% revenue growth, operating loss down 72%; shipments+backlog hits record $167.9M
Q1 net sales $34.9M, up 8.7% YoY; operating loss narrowed to $1.3M from $4.7M (72.3% improvement).
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Virco reports FY 2023 revenue up 25% to $231.1M; operating income of $10.8M vs loss year ago
FY 2023 net sales $231.1M (+25% YoY from $184.8M); gross margin expanded to 36.9% from 33.0%.
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Virco Q3 revenue up 35% to $77.4M, net income $7.9M; director Rudkin passes away
Q3 net revenue $77.4M, +35% YoY; net income $7.9M vs $1.3M.
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Virco Q2 EPS $0.60 vs $0.24 YoY; revenue +40% to $82.8M
Net sales $82.8M, up 40.3% from $59.0M; net income $9.7M ($0.60 diluted EPS) vs $3.8M ($0.24).
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Virco Q1 revenue up 13% to $32.1M; backlog hits record $144.4M; net loss widens to $0.32/sh
Net sales $32.1M (+13% YoY); net loss $5.1M ($0.32/sh) vs $3.9M loss ($0.25/sh) prior year.
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Virco Q4 revenue +119% to $40.1M but pre-tax loss $5.2M; record backlog; credit facility extended
Preliminary Q4 net sales $40.1M (+119% YoY); FY net sales $184.8M (+21% YoY).
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Virco Q3 net income down 70% to $0.08 EPS; record backlog $45.1M but margins squeezed
Q3 net sales $57.3M flat YoY; net income $1.3M ($0.08 diluted) vs $4.5M ($0.28) last year.
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Virco amends credit facility, restores ability to pay dividends and buy back stock
New credit agreement with PNC Bank provides $65M revolving credit facility, maturing March 2023.
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Virco posts Q2 net income up 5.8% to $3.8M; record backlog of $59.6M
Q2 net sales $59.0M, slight decline from $59.5M YoY; gross margin 37.8% vs 39.0%.
Earnings & guidance
Materiality & sentiment trend
Max materiality 0.85 · Median 0.68 · Most common event earnings