Furniture manufacturer Virco's Q3 sales fall

Reuters

Dec 08

Furniture manufacturer Virco's Q3 sales fall

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.)

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One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2589356276"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2589356276\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2589356276?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-12-08 22:11","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2589356276","market":"fut","top_or_hot":-1,"title":"Furniture manufacturer Virco's Q3 sales fall","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\"><head><title>Furniture manufacturer Virco's Q3 sales fall </title></head><body><p><span>Overview</span></p><ul><li><p>Virco Q3 sales miss analyst expectation, reporting $47.6 mln vs $85.9 mln analyst estimate</p></li><li><p>Company reports Q3 net loss of $1.3 mln, down from $8.4 mln profit last year</p></li><li><p>Virco declares quarterly cash dividend of $0.025 per share, payable January 9, 2026</p></li></ul><p><span>Outlook</span></p><ul><li><p>Virco did not provide guidance but sees demand stabilizing at pre-pandemic levels</p></li></ul><p><span>Result Drivers</span></p><ul><li><p>STIMULUS EXPIRATION - Co attributes sales decline to end of pandemic recovery stimulus funds, affecting school furniture demand</p></li><li><p>BACKLOG STABILIZATION - Incoming order rates have begun to stabilize, with backlog nearly even with last year's levels</p></li><li><p>BALANCE SHEET STRENGTH - Co highlights strong balance sheet with current ratio of 3.98, providing flexibility in downturn</p></li></ul><p><span>Key Details</span></p><table><tbody><tr><td><p><span>Metric</span></p></td><td><p><span>Beat/Miss</span></p></td><td><p><span>Actual</span></p></td><td><p><span>Consensus Estimate</span></p></td></tr><tr><td><p>Q3 Sales</p></td><td><p>Miss</p></td><td><p>$47.64 mln</p></td><td><p>$85.90 mln (1 Analyst)</p></td></tr><tr><td><p>Q3 Net Income</p></td><td></td><td><p>-$1.33 mln</p></td><td></td></tr><tr><td><p>Q3 Operating Income</p></td><td></td><td><p>-$1.69 mln</p></td><td></td></tr></tbody></table><p><span>Analyst Coverage</span></p><ul><li><p>The one available analyst rating on the shares is \"strong buy\"</p></li><li><p>The average consensus recommendation for the business support supplies peer group is \"buy.\"</p></li><li><p>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</p></li><li><p>The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 8 three months ago</p></li></ul><p>Press Release: <span>ID:nGNX12Pt3L</span></p><p>For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.</p><p>(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.)</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Furniture manufacturer Virco's Q3 sales fall</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.</p><p>(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.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4143","symbol_name":"办公服务与用品","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20251208:nL1N3XE0FL:1","article_id":"2589356276","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2589356276","pubTimestamp":1765203099,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Furniture manufacturer Virco's Q3 sales fallOverviewVirco Q3 sales miss analyst expectation, reporting $47.6 mln vs $85.9 mln analyst estimateCompany reports Q3 net loss of $1.3 mln, down from $8.4 ml","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4143":"办公服务与用品","VIRC":"Virco制造"},"translate_title":"家具制造商Virco第三季度销售额下降","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"VIRC":0.9},"content_text":"Furniture manufacturer Virco's Q3 sales fall OverviewVirco Q3 sales miss analyst expectation, reporting $47.6 mln vs $85.9 mln analyst estimateCompany reports Q3 net loss of $1.3 mln, down from $8.4 mln profit last yearVirco declares quarterly cash dividend of $0.025 per share, payable January 9, 2026OutlookVirco did not provide guidance but sees demand stabilizing at pre-pandemic levelsResult DriversSTIMULUS EXPIRATION - Co attributes sales decline to end of pandemic recovery stimulus funds, affecting school furniture demandBACKLOG STABILIZATION - Incoming order rates have begun to stabilize, with backlog nearly even with last year's levelsBALANCE SHEET STRENGTH - Co highlights strong balance sheet with current ratio of 3.98, providing flexibility in downturnKey DetailsMetricBeat/MissActualConsensus EstimateQ3 SalesMiss$47.64 mln$85.90 mln (1 Analyst)Q3 Net Income-$1.33 mlnQ3 Operating Income-$1.69 mlnAnalyst CoverageThe 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 $7.36The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 8 three months agoPress Release: ID:nGNX12Pt3LFor 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.)","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}