Virco Mfg Corporation (VIRC)

Consumer Cyclical | Furnishings Fixtures Appliances
Income Statement (Quarterly) 2025-07-31 2025-04-30 2025-01-31 2024-10-31
Revenue 92,086,000 33,754,000 28,466,000 82,620,000
Cost of Revenue 51,212,000 17,734,000 21,015,000 45,942,000
Gross Profit 40,874,000 16,020,000 7,451,000 36,678,000
Operating Expenses
R&D Expenses 0 0 0 0
SG&A Expenses 25,503,000 15,814,000 14,270,000 25,565,000
Operating Expenses 25,503,000 16,114,000 15,570,000 25,565,000
Operating Income 15,371,000 -94,000 -8,119,000 11,113,000
Interest Expense 205,000 385,000 0 0
Income Before Tax 14,171,000 994,000 -7,786,000 11,277,000
Income Tax Expense 3,985,000 262,000 -2,056,000 2,876,000
Net Income 10,186,000 732,000 -5,730,000 8,401,000
Per Share
EPS 0.65 0.05 -0.35 0.52
EPS Diluted 0.00 0.00 0.00 0.00
Income Statement (Annual) 2025-01-31 2024-01-31 2023-01-31 2022-01-31 2021-01-31
Revenue 266,240,000 269,117,000 231,064,000 184,828,000 152,795,000
Cost of Revenue 151,546,000 153,059,000 145,723,000 123,899,000 97,870,000
Gross Profit 114,694,000 116,058,000 85,341,000 60,929,000 54,925,000
Operating Expenses
R&D Expenses 0 0 0 0 0
SG&A Expenses 85,535,000 85,189,000 75,319,000 63,462,000 56,370,000
Operating Expenses 86,835,000 84,181,000 75,319,000 63,462,000 56,370,000
Operating Income 27,859,000 31,877,000 5,480,000 -2,533,000 735,000
Interest Expense 349,000 2,679,000 1,979,000 1,195,000 1,538,000
Income Before Tax 28,424,000 29,240,000 8,043,000 -3,728,000 -2,976,000
Income Tax Expense 6,780,000 7,330,000 -8,504,000 11,408,000 -744,000
Net Income 21,644,000 21,910,000 16,547,000 -15,136,000 -2,232,000
Per Share
EPS 1.32 1.34 1.03 -0.95 -0.14
EPS Diluted 0.00 0.00 0.00 0.00 0.00
Balance Sheet (Quarterly) 2025-01-31 2024-01-31 2023-01-31 2022-01-31
Assets
Cash and Cash Equivalents 26,867,000 5,286,000 1,057,000 1,359,000
Short Term Investments 0 0 0 0
Net Receivables 17,064,000 23,181,000 18,522,000 18,039,000
Inventory 55,647,000 58,371,000 67,406,000 47,373,000
Total Current Assets 102,173,000 89,026,000 89,068,000 68,847,000
Property Plant Equipment 72,021,000 41,076,000 44,682,000 49,197,000
Goodwill and Intangibles 0 0 0 0
Total Assets 191,946,000 146,445,000 150,126,000 126,445,000
Liabilities
Account Payables 11,593,000 12,945,000 19,448,000 19,785,000
Short Term Debt 1,931,000 5,992,000 12,442,000 5,074,000
Total Current Liabilities 34,275,000 38,532,000 48,525,000 36,284,000
Long Term Debt 39,885,000 5,965,000 21,180,000 25,610,000
Total Liabilities 82,681,000 55,266,000 82,065,000 78,999,000
Shareholders Equity
Retained Earnings -8,867,000 -29,048,000 -50,631,000 -67,178,000
Total Shareholders Equity 109,265,000 91,179,000 68,061,000 47,446,000
Balance Sheet (Annual) 2025-01-31 2024-01-31 2023-01-31 2022-01-31 2021-01-31
Assets
Cash and Cash Equivalents 26,867,000 5,286,000 1,057,000 1,359,000 402,000
Short Term Investments 0 0 0 0 0
Net Receivables 17,064,000 23,181,000 18,522,000 18,039,000 9,984,000
Inventory 55,647,000 58,371,000 67,406,000 47,373,000 38,270,000
Total Current Assets 102,173,000 89,026,000 89,068,000 68,847,000 50,967,000
Property Plant Equipment 72,021,000 41,076,000 44,682,000 49,197,000 54,422,000
Goodwill and Intangibles 0 0 0 0 0
Total Assets 191,946,000 146,445,000 150,126,000 126,445,000 125,036,000
Liabilities
Account Payables 11,593,000 12,945,000 19,448,000 19,785,000 8,421,000
Short Term Debt 1,931,000 5,992,000 12,442,000 5,074,000 5,559,000
Total Current Liabilities 34,275,000 38,532,000 48,525,000 36,284,000 22,106,000
Long Term Debt 39,885,000 5,965,000 21,180,000 25,610,000 25,172,000
Total Liabilities 82,681,000 55,266,000 82,065,000 78,999,000 70,849,000
Shareholders Equity
Retained Earnings -8,867,000 -29,048,000 -50,631,000 -67,178,000 -52,042,000
Total Shareholders Equity 109,265,000 91,179,000 68,061,000 47,446,000 54,187,000
Cash Flow Statement (Quarterly) 2025-01-31 2024-01-31 2023-01-31 2022-01-31
Operating Activities
Net Income 21,644,000 21,910,000 16,547,000 -15,136,000
Depreciation & Amortization 5,690,000 5,097,000 4,542,000 4,570,000
Stock Based Compensation 395,000 595,000 612,000 1,013,000
Change in Working Capital 7,291,000 460,000 -16,646,000 -3,124,000
Operating Cash Flow 33,128,000 26,960,000 -3,788,000 -401,000
Investing Activities
Capital Expenditure -6,295,000 -5,248,000 -3,332,000 -2,995,000
Investments 0 -5,248,000 -3,332,000 -2,995,000
Investing Cash Flow -5,563,000 -4,759,000 -3,332,000 -2,371,000
Financing Activities
Debt Repayment -249,000 -17,360,000 -42,348,000 -25,676,000
Common Stock Issued/Repurchased -3,810,000 -110,000 -213,000 -176,000
Dividends Paid -1,463,000 -327,000 0 0
Financing Cash Flow -5,984,000 -17,972,000 6,818,000 3,729,000
Summary
Free Cash Flow 26,833,000 21,712,000 -7,120,000 -3,396,000
Net Change in Cash 21,581,000 4,229,000 -302,000 957,000
Cash Flow Statement (Annual) 2025-01-31 2024-01-31 2023-01-31 2022-01-31 2021-01-31
Operating Activities
Net Income 21,644,000 21,910,000 16,547,000 -15,136,000 -2,232,000
Depreciation & Amortization 5,690,000 5,097,000 4,542,000 4,570,000 5,090,000
Stock Based Compensation 395,000 595,000 612,000 1,013,000 1,012,000
Change in Working Capital 7,291,000 460,000 -16,646,000 -3,124,000 2,268,000
Operating Cash Flow 33,128,000 26,960,000 -3,788,000 -401,000 7,799,000
Investing Activities
Capital Expenditure -6,295,000 -5,248,000 -3,332,000 -2,995,000 -2,154,000
Investments 0 -5,248,000 -3,332,000 -2,995,000 0
Investing Cash Flow -5,563,000 -4,759,000 -3,332,000 -2,371,000 -2,135,000
Financing Activities
Debt Repayment -249,000 -17,360,000 -42,348,000 -25,676,000 -38,496,000
Common Stock Issued/Repurchased -3,810,000 -110,000 -213,000 -176,000 0
Dividends Paid -1,463,000 -327,000 0 0 0
Financing Cash Flow -5,984,000 -17,972,000 6,818,000 3,729,000 -6,412,000
Summary
Free Cash Flow 26,833,000 21,712,000 -7,120,000 -3,396,000 5,645,000
Net Change in Cash 21,581,000 4,229,000 -302,000 957,000 -748,000