Furniture manufacturer Virco's Q3 sales fall

Virco Mfg

08/12/2025 14:11

Overview

Virco Q3 sales miss analyst expectation, reporting $47.6 mln vs $85.9 mln analyst estimate

Company reports Q3 net loss of $1.3 mln, down from $8.4 mln profit last year

Virco declares quarterly cash dividend of $0.025 per share, payable January 9, 2026

Outlook

Virco did not provide guidance but sees demand stabilizing at pre-pandemic levels

Result Drivers

STIMULUS EXPIRATION - Co attributes sales decline to end of pandemic recovery stimulus funds, affecting school furniture demand

BACKLOG STABILIZATION - Incoming order rates have begun to stabilize, with backlog nearly even with last year's levels

BALANCE SHEET STRENGTH - Co highlights strong balance sheet with current ratio of 3.98, providing flexibility in downturn

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Sales
Miss
$47.64 mln
$85.90 mln (1 Analyst)
Q3 Net Income
-$1.33 mln
Q3 Operating Income
-$1.69 mln


Analyst Coverage

The one available analyst rating on the shares is "strong buy"

The average consensus recommendation for the business support supplies peer group is "buy."

Wall Street's median 12-month price target for Virco Mfg Corp is $12.00, about 63% above its December 5 closing price of $7.36

The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 8 three months ago

Press Release: ID:nGNX12Pt3L

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)