Declared Dividend • Jun 05
First quarter dividend of US$0.025 announced Dividend of US$0.025 is the same as last year. Ex-date: 18th June 2026 Payment date: 10th July 2026 Dividend yield will be 1.7%, which is higher than the industry average of 1.2%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is well covered by cash flows (33% cash payout ratio). The dividend has increased by an average of 6.6% per year over the past 8 years. However, payments have been volatile during that time. Reported Earnings • Jun 04
First quarter 2027 earnings released: US$0.18 loss per share (vs US$0.046 profit in 1Q 2026) First quarter 2027 results: US$0.18 loss per share (down from US$0.046 profit in 1Q 2026). Revenue: US$30.7m (down 9.1% from 1Q 2026). Net loss: US$2.78m (down 479% from profit in 1Q 2026). Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Commercial Services industry in the US. Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Duyuru • Jun 04
Virco Mfg. Corporation announces Quarterly dividend, payable on July 10, 2026 Virco Mfg. Corporation announced Quarterly dividend of USD 0.0250 per share payable on July 10, 2026, ex-date on June 18, 2026 and record date on June 19, 2026. Board Change • May 20
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. No experienced directors. 6 highly experienced directors. Independent Director Brad Richardson was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Duyuru • May 05
Virco Mfg. Corporation, Annual General Meeting, Jun 16, 2026 Virco Mfg. Corporation, Annual General Meeting, Jun 16, 2026. Location: at our corporate headquarters, 2027 harpers way, torrance, ca 90501., torrance. United States Duyuru • Dec 09
Virco Mfg. Corporation Declares Cash Dividend for Fourth Fiscal Quarter, Payable on January 9, 2026 On December 4, 2025, the Virco Mfg. Corporation Board of Directors declared a cash dividend for the Company’s fourth fiscal quarter of $0.025 on each outstanding share of common stock. The dividend is payable on January 9, 2026 to stockholders of record of the common stock as of the close of business on December 19, 2025. Duyuru • Sep 05
Virco Mfg. Corporation Declares A Cash Dividend for the Second Fiscal Quarter Ended July 31, 2025, Payable on October 10, 2025 Virco Mfg. Corporation declared a cash dividend for the Company’s second fiscal quarter of $0.025 on each outstanding share of common stock Second Fiscal Quarter ended July 31, 2025. The dividend is payable on October 10, 2025 to stockholders of record of the common stock as of the close of business on September 19, 2025. While the Company currently intends to pay future dividends on a quarterly basis, following review and approval by the Board of Directors, the declaration and payment of future dividends, as well as the amounts thereof, are subject to the discretion of the Board as well as restrictive covenants in the Company’s lending agreements. There can be no assurance that the Company will declare and pay dividends in future periods. Duyuru • Jun 06
Virco Mfg. Corporation Declares Cash Dividend for Second Fiscal Quarter, Payable on July 11, 2025 On June 3, 2025, the Virco Mfg. Corporation's Board of Directors declared a cash dividend for the Company’s second fiscal quarter of $0.025on each outstanding share of common stock. The dividend is payable on July 11, 2025 to stockholders of record of the common stock as of the close of business on June 20, 2025. Duyuru • May 07
Virco Mfg. Corporation, Annual General Meeting, Jun 17, 2025 Virco Mfg. Corporation, Annual General Meeting, Jun 17, 2025. Location: ourcorporate headquarters, located at 2027harpers way, ca 90501., torrance United States Duyuru • Jan 22
Virco Mfg. Corporation (NasdaqGM:VIRC) announces an Equity Buyback for $10 million worth of its shares. Virco Mfg. Corporation (NasdaqGM:VIRC) announces a share repurchase program. Under the program, the company will repurchase up to $10 million worth of its shares. The company expects to utilize its existing cash and cash equivalents to fund repurchases. The program has no time limit and may be suspended for periods or discontinued at any time. Duyuru • Dec 10
Virco Mfg. Corporation Declares A Quarterly Dividend, Payable on January 10, 2025 On December 5, 2024, Virco Mfg. Corporation declared a quarterly dividend of $0.025 per share, payable on January 10, 2025 to shareholders of record as of December 20, 2024. Duyuru • Sep 10
Virco Mfg. Corporation Declares Cash Dividend for the Third Quarter of 2024, Payable on October 11, 2024 On September 3, 2024, the Virco Mfg. Corporation’s Board of Directors declared a cash dividend for the Company’s third fiscal quarter of 2024 of $0.025 on each outstanding share of common stock. The dividend is payable on October 11, 2024 to stockholders of record of the common stock as of the close of business on September 20, 2024. While the Company currently intends to pay future dividends on a quarterly basis, following review and approval by the Board of Directors, the declaration and payment of future dividends, as well as the amounts thereof, are subject to the discretion of the Board as well as restrictive covenants in the Company’s lending agreements. There can be no assurance that the Company will declare and pay dividends in future periods. Duyuru • May 09
Virco Mfg. Corporation, Annual General Meeting, Jun 18, 2024 Virco Mfg. Corporation, Annual General Meeting, Jun 18, 2024, at 10:00 Pacific Standard Time. Location: corporate headquarters located at 2027 Harpers Way, Torrance, CA 90501 California United States Agenda: To discuss Election of three Class II directors to the Company’s Board of Directors; to Ratification of the appointment of Moss Adams LLP as the Company’s independent registered public accounting firm for the 2025 fiscal year; and to transact such other business as may properly come before the Annual Meeting. Reported Earnings • Apr 14
Full year 2024 earnings: Revenues and EPS in line with analyst expectations Full year 2024 results: EPS: US$1.35 (up from US$1.03 in FY 2023). Revenue: US$269.1m (up 17% from FY 2023). Net income: US$21.9m (up 32% from FY 2023). Profit margin: 8.1% (up from 7.2% in FY 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 8.8% p.a. on average during the next 2 years, compared to a 6.7% growth forecast for the Commercial Services industry in the US. Over the last 3 years on average, earnings per share has increased by 94% per year but the company’s share price has only increased by 55% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Mar 01
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to US$10.54, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 18x in the Commercial Services industry in the US. Total returns to shareholders of 240% over the past three years. Duyuru • Feb 29
Virco Mfg. Corporation Declares Cash Dividend for the First Quarter of Fiscal 2025 on Common Stock, Payable on April 10, 2024 Virco Mfg. Corporation declared a cash dividend for the first quarter of fiscal 2025 of $0.02 per share of common stock, payable on April 10, 2024 to shareholders of record as of March 7, 2024. Valuation Update With 7 Day Price Move • Feb 10
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to US$9.47, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 15x in the Commercial Services industry in the US. Total returns to shareholders of 165% over the past three years. Recent Insider Transactions Derivative • Jan 11
Insider notifies of intention to sell stock Patricia Quinones intends to sell 5k shares in the next 90 days after lodging an Intent To Sell Form on the 8th of January. If the sale is conducted around the recent share price of US$12.30, it would amount to US$62k. Since June 2023, Patricia's direct individual holding has decreased from 77.80k shares to 67.80k. Company insiders have collectively sold US$67k more than they bought, via options and on-market transactions in the last 12 months. Reported Earnings • Dec 09
Second quarter 2024 earnings released: EPS: US$0.95 (vs US$0.60 in 2Q 2023) Second quarter 2024 results: EPS: US$0.95 (up from US$0.60 in 2Q 2023). Revenue: US$107.3m (up 30% from 2Q 2023). Net income: US$15.5m (up 61% from 2Q 2023). Profit margin: 14% (up from 12% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.5% p.a. on average during the next 2 years, compared to a 6.9% growth forecast for the Commercial Services industry in the US. Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has only increased by 54% per year, which means it is significantly lagging earnings growth. Duyuru • Dec 09
Virco Mfg. Corporation (NasdaqGM:VIRC) announces an Equity Buyback for $5 million worth of its shares. Virco Mfg. Corporation (NasdaqGM:VIRC) announces a share repurchase program. Under the program, the company will repurchase up to $5 million worth of its shares. The company expects to utilize its existing cash and cash equivalents to fund repurchases. The program has no time limit and may be suspended for periods or discontinued at any time. Valuation Update With 7 Day Price Move • Dec 08
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to US$8.51, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 19x in the Commercial Services industry in the US. Total returns to shareholders of 268% over the past three years. Duyuru • Dec 08
Virco Mfg. Corporation Re-Instates Quarterly Dividend, Payable on January 10, 2024 The Board of Directors of Virco Mfg. Corporation has re-instated a quarterly dividend of $0.02 per share, payable to shareholders of record as of December 22, 2023, payable January 10, 2024. Valuation Update With 7 Day Price Move • Nov 10
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to US$7.09, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 19x in the Commercial Services industry in the US. Total returns to shareholders of 225% over the past three years. New Risk • Oct 28
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: US$98.7m This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings are forecast to decline by an average of 1.8% per year for the foreseeable future. High level of non-cash earnings (33% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Significant insider selling over the past 3 months (US$75k sold). Market cap is less than US$100m (US$98.7m market cap). Valuation Update With 7 Day Price Move • Oct 24
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to US$6.40, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 19x in the Commercial Services industry in the US. Total returns to shareholders of 212% over the past three years. Valuation Update With 7 Day Price Move • Oct 09
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to US$7.86, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 19x in the Commercial Services industry in the US. Total returns to shareholders of 255% over the past three years. New Risk • Oct 05
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: US$54k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings are forecast to decline by an average of 1.8% per year for the foreseeable future. High level of non-cash earnings (33% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (9.1% average weekly change). Significant insider selling over the past 3 months (US$54k sold). New Risk • Oct 02
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 9.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings are forecast to decline by an average of 1.8% per year for the foreseeable future. High level of non-cash earnings (33% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (9.2% average weekly change). Recent Insider Transactions Derivative • Sep 24
Insider notifies of intention to sell stock Patricia Quinones intends to sell 10k shares in the next 90 days after lodging an Intent To Sell Form on the 22nd of September. If the sale is conducted around the recent share price of US$5.95, it would amount to US$60k. Since June 2023, Patricia has owned 77.80k shares directly. Company insiders have collectively bought US$12k more than they sold, via options and on-market transactions, in the last 12 months. Valuation Update With 7 Day Price Move • Sep 19
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to US$6.14, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 18x in the Commercial Services industry in the US. Total returns to shareholders of 195% over the past three years. New Risk • Sep 15
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 33% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings are forecast to decline by an average of 1.8% per year for the foreseeable future. High level of non-cash earnings (33% accrual ratio). Minor Risk Market cap is less than US$100m (US$91.9m market cap). Reported Earnings • Sep 12
Second quarter 2024 earnings: EPS and revenues exceed analyst expectations Second quarter 2024 results: EPS: US$0.95 (up from US$0.60 in 2Q 2023). Revenue: US$107.3m (up 30% from 2Q 2023). Net income: US$15.5m (up 61% from 2Q 2023). Profit margin: 14% (up from 12% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 13%. Earnings per share (EPS) also surpassed analyst estimates by 48%. Revenue is forecast to grow 6.9% p.a. on average during the next 2 years, compared to a 7.4% growth forecast for the Commercial Services industry in the US. Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has only increased by 37% per year, which means it is significantly lagging earnings growth. Major Estimate Revision • Jun 19
Consensus EPS estimates increase by 13% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from US$0.72 to US$0.81. Revenue forecast steady at US$252.2m. Net income forecast to shrink 30% next year vs 13% growth forecast for Commercial Services industry in the US . Consensus price target of US$10.00 unchanged from last update. Share price fell 3.7% to US$3.88 over the past week. New Risk • Jun 13
New major risk - Financial position The company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings are forecast to decline by an average of 7.5% per year for the foreseeable future. Minor Risk Market cap is less than US$100m (US$65.3m market cap). Reported Earnings • Jun 13
First quarter 2024 earnings: EPS and revenues exceed analyst expectations First quarter 2024 results: US$0.089 loss per share (improved from US$0.32 loss in 1Q 2023). Revenue: US$34.9m (up 8.9% from 1Q 2023). Net loss: US$1.44m (loss narrowed 72% from 1Q 2023). Revenue exceeded analyst estimates by 3.7%. Earnings per share (EPS) also surpassed analyst estimates by 47%. Revenue is forecast to grow 8.7% p.a. on average during the next 2 years, compared to a 7.9% growth forecast for the Commercial Services industry in the US. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Duyuru • May 10
Virco Mfg. Corporation, Annual General Meeting, Jun 20, 2023 Virco Mfg. Corporation, Annual General Meeting, Jun 20, 2023, at 10:00 Pacific Standard Time. Location: 2027 Harpers Way, Torrance California United States Agenda: To consider election of two Class I directors to the Company’s Board of Directors; to consider election of one Class III director to the Company’s Board of Directors; to consider advisory vote to approve the compensation of the Company’s Named Executive Officers as disclosed in the attached Proxy Statement pursuant to the SEC’s compensation disclosure rules (“Say-on-Pay”); to consider advisory vote on the frequency of future advisory votes on Named Executive Officer compensation (“Say-on-Frequency”); to consider ratification of the appointment of Moss Adams LLP as the Company’s independent registered public accounting firm for the 2024 fiscal year; and to consider Transact such other business as may properly come before the Annual Meeting. Reported Earnings • Apr 30
Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2023 results: EPS: US$1.03 (up from US$0.95 loss in FY 2022). Revenue: US$231.1m (up 25% from FY 2022). Net income: US$16.5m (up US$31.7m from FY 2022). Profit margin: 7.2% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Revenue missed analyst estimates by 3.1%. Earnings per share (EPS) exceeded analyst estimates by 42%. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings. Duyuru • Dec 13
Virco Mfg. Corporation Announces Demise of Donald R. Rudkin, Board Member; Appoints Robert Lind as New Chair of the Audit Committee The Board of Directors of Virco Mfg. Corporation is deeply saddened to report the loss of Donald R. Rudkin, who passed away on December 3, 2022 after a brief illness. Don was a valued member of the Board, and the company will greatly miss his leadership and trusted counsel. Mr. Rudkin served as the Chair of the Audit Committee of the Board and as an audit committee financial expert. Robert Lind, a current director and member of the Audit Committee, has been appointed as the new Chair of the Audit Committee. In connection with the passing of Mr. Rudkin, on December 6, 2022 the Board approved a reduction in the authorized number of directors on the Board from eight to seven persons pursuant to an amendment to Section 2.01 of the company's Third Amended and Restated Bylaws, and elimination of Mr. Rudkin's Class III Board seat. Reported Earnings • Dec 12
Third quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2023 results: EPS: US$0.49 (up from US$0.083 in 3Q 2022). Revenue: US$77.4m (up 35% from 3Q 2022). Net income: US$7.88m (up 494% from 3Q 2022). Profit margin: 10% (up from 2.3% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 3.6%. Earnings per share (EPS) exceeded analyst estimates by 2.1%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 98 percentage points per year, which is a significant difference in performance. Price Target Changed • Nov 17
Price target increased to US$9.00 Up from US$8.00, the current price target is provided by 1 analyst. New target price is 120% above last closing price of US$4.10. Stock is up 20% over the past year. The company is forecast to post earnings per share of US$0.71 next year compared to a net loss per share of US$0.95 last year. Board Change • Nov 17
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 4 highly experienced directors. Independent Director Agnieszka Winkler was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Sep 14
Second quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind Second quarter 2023 results: EPS: US$0.60 (up from US$0.24 in 2Q 2022). Revenue: US$82.8m (up 40% from 2Q 2022). Net income: US$9.68m (up 157% from 2Q 2022). Profit margin: 12% (up from 6.4% in 2Q 2022). Revenue missed analyst estimates by 9.5%. Earnings per share (EPS) exceeded analyst estimates by 40%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 118 percentage points per year, which is a significant difference in performance. Reported Earnings • Jun 11
First quarter 2023 earnings: EPS and revenues miss analyst expectations First quarter 2023 results: US$0.32 loss per share (down from US$0.25 loss in 1Q 2022). Revenue: US$32.1m (up 13% from 1Q 2022). Net loss: US$5.08m (loss widened 30% from 1Q 2022). Revenue missed analyst estimates by 22%. Earnings per share (EPS) also missed analyst estimates by 33%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 110 percentage points per year, which is a significant difference in performance. Duyuru • May 20
Virco Mfg. Corporation, Annual General Meeting, Jun 28, 2022 Virco Mfg. Corporation, Annual General Meeting, Jun 28, 2022, at 10:00 Pacific Daylight. Agenda: To elect the nominees for directors named in the Proxy Statement; to approve an amendment to authorize additional shares of common stock for issuance under the company’s 2019 omnibus equity incentive; to ratify the appointment of Deloitte & Touche LLP as the company’s independent registered public accounting firm for the 2023 fiscal year; and to consider other matters. Reported Earnings • Apr 27
Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2022 results: US$0.95 loss per share (down from US$0.14 loss in FY 2021). Revenue: US$184.8m (up 21% from FY 2021). Net loss: US$15.1m (loss widened US$12.9m from FY 2021). Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) missed analyst estimates by 494%. Over the next year, revenue is forecast to grow 31%, compared to a 26% growth forecast for the industry in the US. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 83 percentage points per year, which is a significant difference in performance. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 2 highly experienced directors. Independent Director Agnieszka Winkler was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.