Short answer
VIRCO MFG CORPORATION (VIRC) filed its Q3 2026 10-Q quarterly report on Sep 4, 2026 for the quarter ended Jul 31, 2026. Quarterly revenue was $87M (down 5.0% year over year) with net income of $9M.
Q3 2026 key financials · XBRL
- Revenue
- $87M
- −5.0% YoY · +185.0% QoQ
- Net income
- $9M
- −15.4% YoY · +410.2% QoQ
- Operating margin
- 12.1%
- Gross margin
- 40.0%
- EPS (diluted)
- $0.55
- −14.1% YoY · +405.6% QoQ
Source: XBRL data from the VIRCO MFG CORPORATION (VIRC) Q3 2026 10-Q on SEC EDGAR. USD.
VIRCO MFG CORPORATION Q3 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Q2 revenue $87.5M, down $4.6M or 5.0% YoY from $92.1M
- Gross margin 40.0% vs 44.4% YoY; SG&A 28.0% vs 27.7%
- Backlog up approximately 13% YoY; shipments plus backlog down approximately 2%
- Operating cash use improved $13.0M; capital expenditures $1.3M, dividends $0.8M, buybacks $0.2M
- Outlook: most backlog expected delivered in Q3; tariffs, energy, transportation, steel, and plastics costs remain headwinds
Risk Factors
- No material risk-factor changes from the January 31, 2026 Form 10-K
- Revolving credit capacity reset at $40.0 million, with lender-approved increases capped at $60.0 million
- Credit facility maturity extended to September 3, 2031
- Receivables advance rate increased from 85% to 90% of eligible receivables
- Fixed-charge coverage covenant reduced from 1.10 to 1.00, becoming springing below 17.5% excess availability
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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