The significant decline in revenue and net income, despite a healthy current ratio and shareholder distributions, suggests ongoing challenges in the school furniture market. Traders should monitor incoming order rates and the shipments plus backlog metric for signs of market recovery.
Price Chart
Executive Summary
Virco reported a full-year net income of $2.6 million on revenue of $199.7 million, a significant decline from $21.6 million net income on $266.2 million revenue last year. Despite the downturn, the company maintained a healthy current ratio of 3.1 and distributed $5.6 million to shareholders through dividends and share repurchases.
Key Financial Metrics
Key Facts
- Full-year net income was $2.6 million on revenue of $199.7 million, down from $21.6 million net income on $266.2 million revenue last year.
- The company distributed $5.6 million to shareholders through cash dividends and share repurchases.
- The current ratio remains healthy at 3.1, positioning the company to take advantage of market recovery.
- Incoming order rates are running ahead of the prior year by low double digits, potentially translating to improved shipments plus backlog metric.
Financial Impact
Revenue declined by 25% year-over-year, net income declined by 88% year-over-year
Risk Factors
- Continued market downturn in school furniture
- Declining net income despite shareholder distributions
Market Snapshot
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001628280-26-024202 |
| Document: virc-20260408.htm | 0001628280-26-024202 |
| Document: 0001628280-26-024202-index-headers.html | 0001628280-26-024202 |
| Document: 0001628280-26-024202-index.html | 0001628280-26-024202 |
| Document: 0001628280-26-024202.txt | 0001628280-26-024202 |
| 8-K Data (Synthetic) | 0001628280-26-024202 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jun 15, 2026 19w ago | Insider Cluster | $6.30 $6.20 | ▼ −1.59% | ▼ −0.99% | $6.16 (−2.22%) |
Jun 15, 2026 19w ago | Insider Cluster | $6.30 $6.20 | ▼ −1.59% | ▼ −0.99% | $6.16 (−2.22%) |
Jun 3, 2026 20w ago | 8-K | $5.44 $5.69 | ▼ −4.60% | ▼ −4.20% | $6.16 (−13.24%) |
Jun 3, 2026 20w ago | Press Release | $5.44 $5.69 | ▼ −4.60% | ▼ −4.20% | $6.16 (−13.24%) |
Apr 13, 2026 28w ago | Insider Cluster | $6.01 $6.04 | ▲ +0.49% | ▼ −0.29% | $6.16 (+2.48%) |
Apr 13, 2026 28w ago | Insider Cluster | $6.01 $6.04 | ▲ +0.49% | ▼ −0.29% | $6.16 (+2.48%) |
Apr 13, 2026 28w ago | Insider Cluster | $6.01 $6.04 | ▲ +0.49% | ▼ −0.29% | $6.16 (+2.48%) |
Apr 10, 2026 28w ago | Insider Cluster | $5.62 $5.85 | ▲ +4.09% | ▲ +3.12% | $6.16 (+9.61%) |
Apr 8, 2026 28w ago | 8-K | $5.68 $5.52 | ▲ +2.82% | ▲ +3.39% | $6.16 (−8.45%) |
Apr 8, 2026 28w ago | Press Release | $5.68 $5.52 | ▲ +2.82% | ▲ +3.39% | $6.16 (−8.45%) |
US Market Status
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