Virco Manufacturing Corporation
Description
Virco Mfg. Corporation engages in the design, production, and distribution of furniture in the United States and Canada. The company offers seating products, including 4-leg chairs, cantilever chairs, mobile task chairs and lab stools, tablet armchairs, steel-frame and floor rockers, series stools, hard plastic seating, folding and upholstered stack chairs, and plastic stack and upholstered ergonomic chairs. It also provides activity, butcher block, folding, office, technology, and mobile tables; desks and workstations, and instructor media stations and towers; chair desks and combo units, tablet arm and caster units, mobile workstations, student desks, and returns and credenzas; and computer furniture solutions. In addition, the company provides administrative office furniture, including desks, returns, bookcases, and other items, as well as steel storage cabinets, wardrobe tower cabinets, file credenzas, and mobile pedestals; laboratory furniture comprising steel-based science tables, table bases, lab stools, and wood-frame science tables; mobile furniture, such as mobile tables, mobile cabinets, and mobile chairs for school settings and offices; and handling and storage equipment, and stackable storage trucks. It serves public and private educational institutions, charter schools, convention centers and arenas, hospitality providers, government facilities, and places of worship through its sales and support teams, and dealers' network. Virco Mfg. Corporation was incorporated in 1950 and is headquartered in Torrance, California.
About
CEO
Mr. Robert A. Virtue
Employees
776
Instrument type
Common Stock
Sector
Consumer Cyclical
Industry
Furnishings, Fixtures & Appliances
MIC code
XNMS
Address
2027 Harpers Way, Torrance, CA 90501, United States
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![Enlarged Chart]()
Oscillators
No data available
Summary
No data available
Moving Averages
No data available
Earnings
| Date | Estimate EPS | Actual EPS | Difference | % Surprise |
|---|---|---|---|---|
| Dec 8, 2025 | — | — | — | — |
| Sep 8, 2025 | — | — | — | — |
| Jun 5, 2025 | — | — | — | — |
| Apr 10, 2025 | — | — | — | — |
| Dec 9, 2024 | 0.87 | 0.52 | -0.35 | -40.23% |
Earnings estimate
|
Current Quarter
(Jan 2025)
|
Next Quarter
(Apr 2025)
|
Current Year
(Jan 2025)
|
Next Year
(Jan 2026)
|
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|---|---|---|---|---|
| Number of analysts | 0 | 0 | 0 | 0 |
| Average estimate | 0.00 | 0.00 | 0.00 | 0.00 |
| Low estimate | 0.00 | 0.00 | 0.00 | 0.00 |
| High estimate | 0.00 | 0.00 | 0.00 | 0.00 |
| Last year EPS | — | — | — | — |
[stock_revenue_estimate]
Growth estimates
Current qtr (Jan 2025)
—
Next qtr. (Apr 2025)
—
Current year (Jan 2025)
—
Next year (Jan 2026)
—
Next 5 years (per annum)
—
Past 5 years (per annum)
—
Income statement
| 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
| Fiscal date | 2024-01-31 | 2023-01-31 | 2022-01-31 | 2021-01-31 | 2020-01-31 |
| Total reported revenue | 269.12M | 231.06M | 184.83M | 152.80M | 193.00M |
| Cost of revenue | 153.06M | 145.72M | 123.90M | 97.87M | 121.33M |
| Gross profit | 116.06M | 85.34M | 60.93M | 54.93M | 71.68M |
| Operating expense | |||||
| Research & development | — | — | — | — | — |
| Selling general and admin | 85.19M | 75.51M | 63.46M | 56.37M | 66.45M |
| Other operating expenses | — | — | — | — | — |
| Operating income | 30.87M | 9.83M | -2.53M | -1.45M | 5.22M |
| Non operating interest income | |||||
| Income | — | — | — | — | — |
| Expense | 2.68M | 1.98M | 1.20M | 1.54M | 2.46M |
| Other income expense | 1.05M | 194,000 | — | 7,000 | -34,000 |
| Pretax income | 29.24M | 8.04M | -3.73M | -2.98M | 2.73M |
| Tax provision | 7.33M | -8.50M | 11.41M | -744,000 | 345,000 |
| Net income | 21.91M | 16.55M | -15.14M | -2.23M | 2.38M |
| Basic EPS | 1.34 | 1.03 | -0.95 | -0.14 | 0.15 |
| Diluted EPS | 1.34 | 1.02 | -0.95 | -0.14 | 0.15 |
| Basic average shares | 16.30M | 16.14M | 15.95M | 15.76M | 15.59M |
| Diluted average shares | 16.30M | 16.14M | 15.95M | 15.76M | 15.59M |
| EBITDA | 35.97M | 14.37M | 2.04M | 3.65M | 10.99M |
| Net income from continuing op. | 21.91M | 16.55M | -15.14M | -2.23M | 2.38M |
| Minority interests | — | — | — | — | — |
| Preferred stock dividends | — | — | — | — | — |
Balance sheet
| 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
| Fiscal date | 2024-01-31 | 2023-01-31 | 2022-01-31 | 2021-01-31 | 2020-01-31 |
| Total assets | 146.45M | 150.13M | 126.45M | 125.04M | 138.99M |
| Current assets | |||||
| Cash | 5.29M | 1.06M | 1.36M | 402,000 | 1.15M |
| Cash equivalents | — | — | — | — | — |
| Cash and cash equivalents | 5.29M | 1.06M | 1.36M | 402,000 | 1.15M |
| Other short term investments | — | — | — | — | — |
| Accounts receivable | 23.16M | 18.44M | 17.77M | 9.76M | 11.76M |
| Other receivables | 20,000 | 68,000 | 118,000 | 26,000 | 57,000 |
| Inventory | 58.37M | 67.41M | 47.37M | 38.27M | 43.33M |
| Prepaid assets | — | — | 2.08M | 2.31M | 1.75M |
| Restricted cash | — | — | — | — | — |
| Assets held for sale | — | — | — | — | — |
| Hedging assets | — | — | — | — | — |
| Other current assets | 2.19M | 2.08M | 2.08M | 2.31M | 1.75M |
| Non current assets | |||||
| Properties | 6.51M | 10.12M | 13.87M | 17.60M | 21.33M |
| Land and improvements | 4.43M | 4.42M | 4.38M | 4.47M | 4.45M |
| Machinery furniture equipment | 114.40M | 113.66M | 113.32M | 112.10M | 110.61M |
| Construction in progress | — | — | — | — | — |
| Leases | 523,000 | 983,000 | 1.01M | 1.00M | 990,000 |
| Accumulated depreciation | -136.36M | -135.81M | -134.72M | -132.00M | -127.35M |
| Goodwill | — | — | — | — | — |
| Investment properties | — | — | — | — | — |
| Financial assets | — | — | — | — | — |
| Intangible assets | — | — | — | — | — |
| Investments and advances | — | — | — | — | — |
| Other non current assets | 16.34M | 16.38M | 8.40M | 19.65M | 19.43M |
| Total liabilities | 55.27M | 82.07M | 79.00M | 70.85M | 84.17M |
| Current liabilities | |||||
| Accounts payable | 12.95M | 19.45M | 19.79M | 8.42M | 10.59M |
| Accrued expenses | 8.57M | 7.08M | 5.83M | 3.55M | 3.61M |
| Short term debt | 5.99M | 12.44M | 5.07M | 5.56M | 4.53M |
| Deferred revenue | — | — | — | — | — |
| Tax payable | 145,000 | — | — | — | — |
| Pensions | 10.88M | 9.55M | 5.60M | 4.58M | 6.39M |
| Other current liabilities | — | — | — | — | — |
| Non current liabilities | |||||
| Long term debt | 5.97M | 21.18M | 25.61M | 25.17M | 35.61M |
| Provision for risks and charges | 128,000 | 79,000 | 71,000 | 65,000 | 70,000 |
| Deferred liabilities | — | — | — | — | — |
| Derivative product liabilities | — | — | — | — | — |
| Other non current liabilities | 562,000 | 555,000 | 639,000 | 682,000 | 661,000 |
| Shareholders equity | |||||
| Common stock | 164,000 | 162,000 | 161,000 | 159,000 | 157,000 |
| Retained earnings | -29.05M | -50.63M | -67.18M | -52.04M | -49.81M |
| Other shareholders equity | -1.31M | -2.36M | -6.03M | -13.59M | -14.31M |
| Total shareholders equity | 91.18M | 68.06M | 47.45M | 54.19M | 54.82M |
| Additional paid in capital | 121.37M | 120.89M | 120.49M | 119.66M | 118.78M |
| Treasury stock | — | — | — | — | — |
| Minority interest | — | — | — | — | — |
Cash flow statement
| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 | 1992 | 1991 | 1990 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||||||||||||||||||||||
| Net Income | 21.91M | 16.55M | -15.14M | -2.23M | 2.38M | -1.61M | -3.21M | 22.76M | 4.55M | 849,000 | -1.73M | -3.83M | -13.80M | -17.59M | -725,000 | 1.21M | 22.22M | 7.55M | -9.57M | -14.00M | -21.96M | 282,000 | 246,000 | 4.31M | 10.17M | 17.60M | 13.90M | 9.30M | 5.20M | 5.00M | 4.30M | 3.10M | 3.20M | 2.20M | -700,000 |
| Depreciation | 5.10M | 4.54M | 4.57M | 5.09M | 5.77M | 5.79M | 5.47M | 5.03M | 4.76M | 4.41M | 4.21M | 4.37M | 5.02M | 5.35M | 5.39M | 5.67M | 6.64M | 7.20M | 8.84M | 9.80M | 11.61M | 13.66M | 15.81M | 13.41M | 9.99M | 7.10M | 7.10M | 6.50M | 5.40M | 4.20M | 3.60M | 3.60M | 3.50M | 3.50M | 3.40M |
| Deferred Taxes | 800,000 | -8.71M | 11.32M | -742,000 | 209,000 | 419,000 | 5.82M | -18.12M | 77,000 | 34,000 | 97,000 | 66,000 | 228,000 | 9.86M | -916,000 | -358,000 | -10.65M | 260,000 | — | — | 674,000 | 555,000 | -1.72M | -407,000 | 2.74M | 400,000 | 200,000 | 100,000 | 800,000 | -700,000 | -500,000 | 600,000 | 200,000 | -500,000 | -500,000 |
| Stock-Based Compensation | 595,000 | 612,000 | 1.01M | 1.01M | 924,000 | 908,000 | 830,000 | 609,000 | 493,000 | 502,000 | 523,000 | 698,000 | 735,000 | 799,000 | 857,000 | 855,000 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Non-Cash Items | -1.23M | -499,000 | -867,000 | 579,000 | 341,000 | — | — | — | — | — | — | — | -13.80M | 79,000 | 127,000 | 7,000 | 731,000 | 826,000 | — | 11,000 | — | 128,000 | — | — | — | 100,000 | 100,000 | -100,000 | 300,000 | -700,000 | 2.40M | 400,000 | 100,000 | -2.60M | 500,000 |
| Accounts Receivable | -4.68M | -670,000 | -8.10M | 2.13M | 1.29M | -1.88M | -1.18M | -127,000 | 500,000 | -2.26M | 327,000 | 3.42M | -3.08M | 3.05M | 208,000 | 1.15M | 2.64M | -1.25M | 643,000 | 1.29M | -106,000 | 4.11M | 5.43M | 2.08M | 3.20M | -5.30M | -1.50M | 2.30M | -700,000 | 3.60M | -2.50M | -7.90M | 2.40M | 3.10M | -500,000 |
| Accounts Payable | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Assets & Liabilities | 9.25M | -19.89M | -9.05M | 5.15M | 3.86M | -5.24M | -6.26M | -1.67M | -8.33M | 1.37M | -2.47M | 1.55M | 7.21M | 7.71M | -2.07M | 10.02M | -2.48M | -6.08M | -5.52M | 2.57M | 9.99M | -2.10M | 22.91M | -5.98M | -14.00M | -3.10M | -900,000 | 300,000 | -5.80M | -4.20M | 7.70M | -1.70M | -1.90M | 1.40M | -6.30M |
| Operating Cash Flow | 31.75M | -8.07M | -16.25M | 10.99M | 14.78M | -1.61M | 1.48M | 8.48M | 2.05M | 4.91M | 957,000 | 6.27M | -17.49M | 9.26M | 2.87M | 18.56M | 19.09M | 8.50M | -5.60M | -325,000 | 199,000 | 16.63M | 42.68M | 13.42M | 12.10M | 16.80M | 18.90M | 18.40M | 5.20M | 7.20M | 15.00M | -1.90M | 7.50M | 7.10M | -4.10M |
| Investing Activities | |||||||||||||||||||||||||||||||||||
| Capital Expenditures | -5.25M | -3.33M | -3.00M | 82,000 | 17,000 | 3,000 | -7.18M | 2,000 | 8,000 | 2,000 | 19,000 | 53,000 | 2,000 | 39,000 | 27,000 | 2.39M | -4.82M | -3.62M | -3.46M | -2.79M | 3.57M | -3.44M | -4.66M | -12.45M | -38.72M | -27.20M | -8.40M | -7.10M | -11.00M | -11.70M | -7.40M | -3.70M | -6.90M | -4.00M | -2.80M |
| Net Intangibles | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Net Acquisitions | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | -4.55M | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Purchase of Investments | — | -7.28M | -40,000 | -68,000 | -64,000 | -61,000 | — | — | — | — | — | — | — | — | — | -50,000 | — | — | — | — | — | — | — | — | — | -1.00M | -800,000 | -700,000 | -1.70M | -8.90M | — | — | — | — | — |
| Sale of Investments | — | 4.54M | 664,000 | 5,000 | 5,000 | 5,000 | 119,000 | — | — | — | — | — | — | 149,000 | 36,000 | — | — | — | — | — | — | — | — | — | — | — | 700,000 | 600,000 | 7.70M | 500,000 | — | — | — | — | — |
| Investing Cash Flow | -4.76M | -3.33M | -2.37M | 19,000 | -101,000 | -109,000 | -6.94M | -63,000 | 64,000 | -68,000 | -6,000 | 297,000 | 172,000 | 337,000 | 63,000 | 2.29M | -4.93M | -3.79M | -3.35M | -2.35M | 5.19M | -8.10M | -3.27M | -12.45M | -39.68M | -28.20M | -8.50M | -7.20M | -5.00M | -20.20M | -8.00M | -4.40M | -7.00M | -4.00M | -2.80M |
| Financing Activities | |||||||||||||||||||||||||||||||||||
| Long-Term Debt Issuance | 42.04M | 49.58M | 29.75M | 32.24M | 39.77M | 54.71M | 36.74M | 37.45M | 31.96M | 33.75M | 28.85M | 28.42M | 29.26M | 35.65M | 6.88M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Long-Term Debt Payments | -59.40M | -42.35M | -25.68M | -38.50M | -44.49M | -49.98M | -25.07M | -38.60M | -34.72M | -32.48M | -24.66M | -35.88M | -24.29M | -36.04M | -69,000 | -3.73M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Financing Charges | -285,000 | -413,000 | -345,000 | -156,000 | -371,000 | -514,000 | -339,000 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | -655,000 | 205,000 | -100,000 | — | -100,000 | — | — | — | -100,000 | — | -100,000 | — |
| Financing Cash Flow | -17.97M | 6.82M | 3.73M | -6.41M | -5.09M | 3.29M | 10.99M | -1.42M | -2.97M | 1.14M | 4.08M | -7.55M | 4.14M | -2.16M | 4.74M | -6.13M | -361,000 | 4.75M | 9,000 | 6,000 | -811,000 | -5.20M | -2.87M | -2.55M | -5.24M | -5.70M | -500,000 | -800,000 | -100,000 | -200,000 | -200,000 | -500,000 | -100,000 | -200,000 | -100,000 |
| Other Cash Details | |||||||||||||||||||||||||||||||||||
| End Cash Position | 5.29M | 1.06M | 1.36M | 402,000 | 1.15M | 738,000 | 534,000 | 788,000 | 815,000 | 470,000 | 1.05M | 853,000 | 2.90M | 1.53M | 1.05M | 4.39M | 2.07M | 1.89M | 1.49M | 1.19M | 2.06M | 1.64M | 1.70M | 351,000 | 1.07M | 1.10M | 1.20M | — | — | — | — | — | — | — | — |
| Income Tax Paid | 6.32M | 67,000 | 37,000 | — | 81,000 | 96,000 | 46,000 | 49,000 | 72,000 | 46,000 | 74,000 | 12,000 | 32,000 | 68,000 | 176,000 | 464,000 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Interest Paid | 2.68M | 1.98M | 1.20M | 1.54M | 2.46M | 2.19M | 1.55M | 1.22M | 1.28M | 1.45M | 1.30M | 1.56M | 1.12M | 1.08M | 1.13M | 1.45M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Free Cash Flow | 21.71M | -7.12M | -3.40M | 5.65M | 5.54M | -3.03M | -11.73M | 1.45M | 3.25M | -1.66M | -3.88M | 5.21M | -2.94M | 2.45M | -8.14M | 6.10M | 12.05M | 7.29M | -3.17M | 879,000 | -2.73M | 8.51M | 29.81M | -16.24M | -18.27M | -5.20M | 8.40M | 15.30M | -9.20M | 1.50M | 5.50M | -1.60M | 900,000 | 1.50M | -3.10M |
Top Institutional Holders
| Holder | Date Reported | Shares | Value | % Held |
|---|---|---|---|---|
| Vanguard Total Stock Market Index Fund | Sep 30, 2024 | 437,246 | 4.97M | 2.68% |
| Avantis U.S. Small Cap Value ETF | Nov 30, 2024 | 363,170 | 4.13M | 2.23% |
| iShares Russell 2000 ETF | Nov 30, 2024 | 313,725 | 3.57M | 1.93% |
| Vanguard Extended Market Index Fund | Sep 30, 2024 | 150,864 | 1.72M | 0.93% |
| DFA U.S. Micro Cap Series | Oct 31, 2024 | 133,476 | 1.52M | 0.82% |
| Fidelity Small Cap Index Fund | Oct 31, 2024 | 113,174 | 1.29M | 0.69% |
| TIAA-CREF Funds-Equity Index Fund | Oct 31, 2024 | 103,449 | 1.18M | 0.64% |
| iShares Russell 2000 Value ETF | Nov 30, 2024 | 103,219 | 1.17M | 0.63% |
| DFA U.S. Small Cap Value Series | Oct 31, 2024 | 95,083 | 1.08M | 0.58% |
| Northern Lights Fd Tr II-North Star Micro Cap Fd | Nov 30, 2024 | 82,000 | 932,339 | 0.50% |
Article
Virco Mfg. Corporation: A Reshoring Play At A P/E Of 7
Virco, a small-cap company specializing in commercial and educational furniture, has seen steady 6% annual growth over the last decade. Donald Trump's tariffs on China/Mexico and tax benefits for companies that manufacture in the U.S would be a beneficial catalyst for Virco. It's trading at a P/E of 7 times (industry average of 14), just starting to pay dividends and with an active buyback plan.
Jan 29, 2025
Article
Virco Adopts New Share Repurchase Program
TORRANCE, Calif., Jan. 21, 2025 (GLOBE NEWSWIRE) -- Virco Mfg. Corporation (NASDAQ:VIRC), a leading manufacturer and supplier of movable furniture and equipment for educational environments and public spaces, announced today that its Board of Directors has approved a new share repurchase program for up to $10,000,000 of the Company's Common Stock. The program will commence February 1, 2025 and has no time limit.
Jan 21, 2025
Article
Virco's Q3 Earnings & Sales Lag, Both Decline Y/Y, Stock Dips
VIRC's third-quarter fiscal 2024 results reflect a performance decline due to weather risks and unfavorable shipment timings. Also, high costs and expenses hurt.
Dec 10, 2024
