Virco Manufacturing (VIRC) AI Stock Analysis

• Market Cap: $163.38M
• Dividend Yield: 1.03%
• Average Volume (3M): 78.62K
• Price to Earnings (P/E): 7.6
• Beta (1Y): 1.48
• Revenue Growth: -1.07%
• EPS Growth: -1.09%
• Country: US
• Employees: 810
• Sector: Consumer Cyclical
• Sector Strength: 63
• Industry: Furnishings, Fixtures & Appliances
• EPS (TTM): -0.37
• Shares Outstanding: 16,289,406
• 10 Day Avg. Volume: 97,463
• 30 Day Avg. Volume: 78,621
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 0.56
• Price to Cash Flow (P/CF): 1.20
• P/FCF Ratio: 1.30
• Enterprise Value/Market Cap: 1.16
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: 1.66
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

Virco Manufacturing exhibits robust financial health with consistent growth and operational efficiency. However, technical indicators suggest a bearish trend, and valuation metrics provide mixed signals. The absence of earnings call and corporate events data leaves some uncertainty in future guidance.

Virco Manufacturing Business Overview & Revenue Model

Company Description

Virco Mfg. Corporation engages in the design, production, and distribution of furniture in the United States. It offers seating products, including 4-leg chairs, cantilever chairs, tablet armchairs with work surfaces and compact footprints, steel-frame and floor rockers, stools, series chairs, stack and folding chairs, hard plastic seating, upholstered stack and ergonomic chairs, and plastic stack chairs. The company also provides folding, activity, office, computer, and mobile tables; and computer furniture, such as keyboard mouse trays, CPU holders, support columns, desks and workstations, specialty tables, instructor media stations and towers, and other products. In addition, it offers chair desks, combo units, and tablet arm and caster units, as well as a returns and credenzas. Further, the company provides administrative office furniture, including desks, bookcases, storage cabinets, and other items, as well as 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 for cafeterias, mobile cabinets, and mobile task chairs for school settings and offices; and handling and storage equipment, as well as manufactures stackable storage trucks. It serves educational institutions, convention centers and arenas, hospitality providers, government facilities, and places of worship through its sales and support teams, and dealer network. The company was incorporated in 1950 and is headquartered in Torrance, California.

How the Company Makes Money

Virco Manufacturing makes money by manufacturing and selling furniture primarily to educational institutions, which constitute its largest customer base. The company's revenue model is centered around the direct sale of its products, which are marketed through a combination of direct sales efforts, catalogs, and an online presence. Key revenue streams include contracts with school districts and educational consortia, as well as sales to retail distributors and dealers who resell to end-users. Partnerships with educational organizations and participation in state and national procurement contracts also significantly contribute to Virco's earnings. Additionally, Virco's commitment to sustainable practices and American-made products helps them maintain a competitive edge and appeal to environmentally conscious buyers.

Virco Manufacturing Financial Statement Overview

Summary

Virco Manufacturing shows solid financial performance with strong revenue growth and improved operational efficiency. The balance sheet indicates decreasing leverage and growing equity, though the lack of cash reserves is a concern. Cash flow is positive but volatile, highlighting areas for improvement.

Income Statement

Virco Manufacturing has demonstrated a solid revenue growth trajectory, increasing from $152.8 million in 2021 to $269.1 million in 2024. Gross Profit Margin improved significantly over the years, peaking at around 43% in 2024. However, the Net Profit Margin remains modest due to fluctuating net income, although it has turned positive in recent years. EBIT and EBITDA margins reflect a steady improvement, indicating operational efficiency gains.

Balance Sheet

The company has maintained a prudent balance sheet with a manageable Debt-to-Equity ratio decreasing over time. The Stockholders' Equity has grown, enhancing the Equity Ratio. While total assets are not provided for 2025, historical data shows an increasing trend in equity, signaling financial stability. However, liquidity issues may arise from zero cash reserves in the latest year.

Cash Flow

Virco Manufacturing has managed to convert operating activities into positive free cash flow consistently in recent years, with a substantial increase in operating cash flow observed in 2025. Despite the positive trend, the volatility in free cash flow growth and reliance on operating cash flow over net income suggests potential challenges in sustainable cash generation.

Breakdown
Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement		Total Revenue
266.24M	269.12M	231.06M	184.83M	152.79M
	Gross Profit
114.69M	116.06M	85.34M	60.93M	54.92M
	EBIT
27.86M	31.88M	5.48M	-2.53M	-1.44M
	EBITDA
27.86M	37.02M	10.02M	2.04M	4.23M
	Net Income Common Stockholders
21.64M	21.91M	16.55M	-15.14M	-2.23M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
26.87M	5.29M	1.06M	1.36M	402.00K
	Total Assets
191.95M	146.44M	150.13M	126.44M	125.04M
	Total Debt
37.94M	11.96M	33.62M	30.68M	30.73M
	Net Debt
37.94M	6.67M	32.56M	29.32M	30.33M
	Total Liabilities
82.68M	55.27M	82.06M	79.00M	70.85M
	Stockholders Equity
109.27M	91.18M	68.06M	47.45M	54.19M
Cash Flow		Free Cash Flow
33.13M	21.71M	-7.12M	-3.40M	5.64M
	Operating Cash Flow
33.13M	26.96M	-3.79M	-401.00K	7.80M
	Investing Cash Flow
-5.56M	-4.76M	-3.33M	-2.37M	-2.13M
	Financing Cash Flow
-5.98M	-17.97M	6.82M	3.73M	-6.41M

Virco Manufacturing Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 9.19
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For VIRC, the sentiment is Negative. The current price of 9.19 is below the 20-day moving average (MA) of 9.56, below the 50-day MA of 9.82, and below the 200-day MA of 12.79, indicating a bearish trend. The MACD of -0.20 indicates Positive momentum. The RSI at 36.06 is Neutral, neither overbought nor oversold. The STOCH value of 7.17 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for VIRC.

Virco Manufacturing Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
HBB	73 Outperform	$208.29M	6.90	19.64%	2.32%	4.65%	23.82%
FLXS	71 Outperform	$172.07M	12.84	9.48%	1.98%	7.24%	-9.51%
Sector *	61 Neutral	$6.55B	11.72	3.07%	4.01%	2.66%	-21.27%
VIRC	60 Neutral	$163.38M	7.59	21.60%	1.03%	-1.07%	-1.09%
BSET	56 Neutral	$153.28M	―	-3.83%	4.42%	-11.78%	-13.89%
LCUT	52 Neutral	$79.12M	―	-6.58%	4.67%	-0.54%	-78.88%
HOFT	48 Neutral	$90.93M	―	-5.89%	9.58%	-8.26%	-233.72%

Virco Manufacturing Corporate Events

Virco Manufacturing Announces CFO Retirement and Successor

On March 6, 2025, Virco Manufacturing announced the retirement of its Chief Financial Officer and Treasurer, Robert Dose, effective April 30, 2025, after 35 years of service. He will be succeeded by Bassey Yau, the current Senior Vice President of Finance, who will also take on the role of Secretary. Additionally, the company declared a cash dividend of $0.025 per share for its fourth fiscal quarter, payable on April 11, 2025, with future dividends subject to Board discretion and lending agreements.