| Address:
|
2027 HARPERS WAY
|
| City: |
TORRANCE |
|
State: |
CA |
|
Zip Code: |
90501 |
| Telephone: |
310-533-0474 |
|
Description of Business
|
Primary SIC Code:
2531 |
| (As filed with the SEC)
|
|
|
Designing, producing and distributing high-value furniture for a diverse family
of customers is a 60-year tradition at Virco Mfg. Corporation ("Virco" or the
"Company", or in the first person, "we", "us" and "our"). Virco was incorporated
in California in February 1950, and reincorporated in Delaware in April 1984.
Though Virco started as a local manufacturer of chairs and desks for Los
Angeles-area schools, over the years, Virco has become the largest manufacturer
and supplier of moveable educational furniture and equipment for the preschool
through 12th grade market in the United States. The Company now manufactures a
wide assortment of products, including mobile tables, mobile storage equipment,
desks, computer furniture, chairs, activity tables, folding chairs and folding
tables. Additionally, Virco has worked with accomplished designers - such as
Peter Glass, Richard Holbrook, and Bob Mills - to develop additional products
for contemporary applications. ... More ... |
| Date |
12-mos
Rolling EPS |
Dividend |
P/E
Ratio |
| 10/2011 | -1.61 | NA | N/E | | 07/2011 | -1.37 | NA | N/E | | 04/2011 | -1.27 | 0.025 | N/E | | 01/2011 | -1.25 | 0.025 | N/E | | 10/2010 | -0.32 | 0.025 | N/E | | 07/2010 | -0.12 | 0.025 | N/E | | 04/2010 | -0.13 | 0.025 | N/E | | 01/2010 | 0.02 | 0.025 | 176.50 |
Key Financial Ratios and Statistics |
FYE:
01/31 |
| Profitability |
2011 |
Leverage |
2011 |
| Net Inc/Comm Equity | -0.15 | Total Liab/Total Assets | 0.50 | | Net Inc/Total Assets | -0.17 | Total Liab/Inv Cap | 0.62 | | Net Inc/Inv Cap | -0.22 | Total Liab/Comm Equity | 0.44 | | Pretax Inc/Net Sales | -0.05 | Interest Coverage Ratio | NA | | Net Inc/Net Sales | -0.10 | Curr Debt/Equity | 0.00 | | Cash Flow/Net Sales | 0.03 | LTD/Equity | 0.13 | | SG&A/NetSales | 0.33 | Total Debt/Equity | 0.13 |
| Asset Utilization
|
|
Liquidity |
|
| Net Receivables Turnover | 13.84 | Quick Ratio | 0.71 | | Inventory Turnover | 3.28 | Current Ratio | 2.47 | | Inventory Day Sales | 0.01 | Net Rec/Curr Assets | 0.22 | | Net Sales/Work Cap | 6.14 | Inv/Curr Assets | 0.71 | | Net Sales/PP&E | 4.30 | | |
Income Statement (Millions) |
| |
10/31/2011
|
7/31/2011
|
4/30/2011
|
1/31/2011
|
|
Total Revenues(Net Sales)
|
53.07
|
62.82
|
24.26
|
22.99
|
|
Cost of Goods Sold
|
37.03
|
42.94
|
17.48
|
18.06
|
|
Selling & Admin Exps
|
14.97
|
16.71
|
11.94
|
11.70
|
|
Operating Income
|
-2.83
|
3.17
|
-5.16
|
-6.76
|
|
Interest Exp
|
0.30
|
0.39
|
0.21
|
-0.88
|
|
Pretax Income
|
-3.12
|
2.78
|
-5.37
|
-6.95
|
|
Other Income
|
NA
|
NA
|
NA
|
NA
|
|
Net Income Bef Extraordinary ...
|
NA
|
NA
|
NA
|
NA
|
|
Net Income
|
-3.30
|
2.73
|
-5.40
|
-16.70
|
|
Assets
|
10/31/2011
|
7/31/2011
|
4/30/2011
|
1/31/2011
|
|
Cash & Short Term Investments
|
1.45
|
1.52
|
0.77
|
1.53
|
|
Receivables - Total
|
14.15
|
35.17
|
10.43
|
11.00
|
|
Inventories - Total
|
30.11
|
43.51
|
51.50
|
35.37
|
|
Total Current Assets
|
46.97
|
82.02
|
64.72
|
49.52
|
|
Net Property, Plant & Equipment
|
39.93
|
40.82
|
41.57
|
42.06
|
|
Total Assets
|
95.69
|
131.83
|
115.29
|
100.59
|
|
Liabilities
|
|
|
|
|
|
Accounts Payable
|
20.80
|
32.06
|
25.43
|
19.57
|
|
Debt in Current Liabilities
|
5.42
|
28.30
|
11.65
|
0.01
|
|
Total Current Liabilities
|
26.21
|
60.36
|
39.06
|
20.02
|
|
Long-Term Debt
|
0.00
|
0.00
|
7.50
|
6.52
|
|
Total Liabilities
|
53.93
|
84.56
|
70.80
|
50.19
|
|
Stockholder's Equity
|
|
|
|
|
|
Minority Interest
|
NA
|
NA
|
NA
|
NA
|
|
Preferred Stock
|
NA
|
0.00
|
0.14
|
0.00
|
|
Common Stock
|
0.14
|
0.14
|
NA
|
0.14
|
|
Retained Earnings
|
-61.14
|
-57.85
|
-60.02
|
-54.47
|
|
Treasury Stock
|
NA
|
NA
|
NA
|
NA
|
|
Total Stockholders' Equity
|
41.77
|
47.26
|
44.49
|
50.40
|
|
Total Liabilities and Stockholders' Equity
|
95.69
|
131.83
|
115.29
|
100.59
|
Cash Flow Summary (Millions) |
|
Categories
|
10/31/2011
|
7/31/2011
|
4/30/2011
|
1/31/2011
|
|
Net Cash Provided by Operating Activities
|
23.17
|
-7.51
|
-12.24
|
-3.68
|
|
Net Cash Provided by Investing Activities
|
-0.35
|
-0.54
|
-0.80
|
-0.97
|
|
Net Cash Provided by Financing Activities
|
-22.89
|
8.80
|
12.29
|
3.92
|
Annual Summary Data (Millions) |
| Year |
Sales |
Net
Income |
EPS |
| 01/2007 | 223.11 | 7.54 | 0.55 | | 01/2008 | 229.56 | 22.22 | 1.53 | | 01/2009 | 212.00 | 2.48 | 0.08 | | 01/2010 | 190.51 | -0.72 | 0.02 | | 01/2011 | 181.00 | -17.59 | -1.25 | | Growth Rates | -5.10 | -- | -- |
| Type |
Date(Q,M) |
No.
Owners |
Shares
Held (000s) |
%
Own |
| Institutional | 12/31/11 | 22 | 3,899 | 27.17 |
|
Report Date :
2/6/2012
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