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Profile: Virco Mfg. Corp (VIRC.OQ)

VIRC.OQ on NASDAQ Stock Exchange Global Market

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Virco Mfg. Corporation (Virco), incorporated on April 23, 1984, is engaged in the designing, producing and distributing of furniture for a range family of customers. The Company is a manufacturer and supplier of moveable educational furniture and equipment for the preschool through 12th grade market in the United States. The Company manufactures an assortment of products, including mobile tables, mobile storage equipment, desks, computer furniture, chairs, activity tables, folding chairs and folding tables. The Company's primary furniture lines are constructed of tubular metal legs and frames, combined with wood and plastic tops, plastic seats and backs, upholstered seats and backs, and upholstered rigid polyethylene and polypropylene shells. Virco also has flat metal forming capabilities to enable the production of desks, returns, bookcases, filing cabinets, mobile pedestals and related items.

The Company's product selection includes furniture models that are certified the Greenguard Children & Schools Program for indoor air quality. In order to provide a product offering for the education market, the Company supplements Virco-manufactured products with items purchased for re-sale, including wood and steel office furniture, early learning products for pre-school and kindergarten classrooms, science laboratory furniture, and library tables, chairs and equipment. Virco offers customized workstations by Interior Concepts for technology and language labs, media centers, computer classrooms, reception areas and offices. Its customers include educational institutions, convention centers and arenas, hospitality providers, government facilities, and places of worship.

Seating

The Company's ZUMA line includes fixed-height four-leg chairs; cantilever chairs; tablet arm chairs with a fixed or articulating work surface and a compact footprint, and steel-frame rockers. The ZUMAfrd collection features Fortified Recycled Wood hard plastic seats, backrests and work surfaces. The Sage line offers a 13-inch and a 15-inch four-leg chair, and a corresponding pair of cantilever chairs for younger, smaller students. Selected adult-height Sage models could also be ordered with a padded, upholstered seat. Other Virco seating choices include the Metaphor Series and the Telos Series. The Sage Contract line is focused for offices and reception areas, colleges, hospitality venues and other adult environments. The Sage Contract line also includes a mobile tablet-arm workstation that includes an integrated bookrack.

Civitas chairs and stools are intended for foodservice, libraries, media centers, circulation areas, and related areas where people gather. Civitas frames offer various chair bucket styles and options, including Zuma, Sage, Analogy and molded plywood. Additional Virco seating alternatives range from 120, 121 and 122 Series stools to adjustable Ph.D. task chairs and contoured I.Q. Series classroom chairs; Virtuoso chairs, and Analogy Series chairs. The N2 Series is designed by Virco and is a seating line that specifically caters to the budget conscious consumer. Classic Series stack chairs and Martest 21 hard plastic seating models are focused in schools across America. Along with this range of seating, Virco offers folding chairs and upholstered stack chairs, as well as additional plastic stack chairs and upholstered ergonomic chairs.

Tables

Virco's TEXT table collection for learning environments features heavy-gauge tubular steel and Virco construction, and elliptical legs, swooping yokes and arched feet. Selected TEXT models can be equipped with various technology-support and storage accessories. The Tetra Series is a collection of tables and student desks suitable for various environments, including classrooms to open-office spaces. The Company also carries traditional folding tables, CT Series tables with a hand crank mechanism for top height adjustment, activity tables and office tables, as well as the computer tables and mobile tables.

Computer Furniture

The TEXT table collection provides educators an array of computer furniture choices for learning or business environments. Virco's Flip-Top Technology tables and Hinged Wire Trough (HWT) Technology tables also deliver computer furniture solutions. Future Access computer tables come with an integral wire management panel and all rectangular models have a post-formed front and rear edge. Its 8700 Series computer tables can be equipped with Virco's functional computing accessories, such as keyboard mouse trays, central processing unit (CPU) holders and support columns for optional elevated shelves. The Plateau Office Solutions collection offers desks and workstations with technology-support capabilities, while the Plateau Library/Technology Solutions line has specialty tables and other products for computing applications. Virco offers Instructor Media Stations and Towers that include various options for media storage and presentation.

Desks/Chair Desks

The Company's products include an array of tablet arm units, Agile Combo models and Analogy Series combo chair desks. Selected models are available with durable, colorfast Martest 21 or Fortified Recycled Wood hard plastic components. The Company offers a range of Parameter desks, returns and credenzas. Textameter mobile workstations provide additional furniture choices for educators.

Administrative Office Furniture

The Company manufactures a range of desks, returns, bookcases and other items that employ its flat metal forming capabilities. These products include 53 Series steel storage cabinets, an expanded range of 53 Series lateral files, and special versions of 543 and 546 Series desks with wire management capabilities. Other products range from 53 Series wardrobe tower cabinets and Parameter file credenzas to Parameter mobile pedestals and Plateau bookcases in 36 inches wide and 48 inches wide models that work in classroom settings and related educational environments, as well as administrative offices. In addition, it also offers Plateau Office Solutions, Parameter and Textameter product lines.

Laboratory Furniture

For biology and chemistry classes, and other school and college-based lab settings, the Company offers various steel-based science tables. The Company manufactures the table bases of these items, and equips them with specialty Chemsurf and epoxy resin tops. Its ZUMA, Sage, Analogy, N2, Telos, Metaphor, I.Q., Classic Series and 3000 Series collections include adjustable lab stools with high-range seat-height adjustment and a steel foot-ring. Virco also carries a selection of wood-frame science tables with Chemsurf and epoxy resin tops.

Mobile Furniture and Storage Equipment

Cafeterias are focused venues for the Virco mobile tables, including a range of oval mobile tables with attached benches or stools, and additional mobile cabinet models with a magnetic marker back. Virco product lines include mobile chairs for school settings and offices. It also offers Mobile Bench and Stool Tables on its wheelchair accessible solutions.

Storage Equipment

For moving Virco chairs and folding tables, the Company carries a range of handling and storage equipment. For its convention center, arena and auditorium customers, Virco also manufactures stackable storage trucks that work with Virco upholstered stack chairs, folding chairs and folding tables.

The Company competes with HON, KI Inc., Bretford, Smith System, Columbia, Scholarcraft, Alumni, ECR4Kids, VS America, School Specialty, Contrax, Falcon Products, National Public Seating, Sandusky Lee, Bush Industries, MTS and Mity Enterprises, Inc.

Company Address

Virco Mfg. Corp

2027 Harpers Way
TORRANCE   CA   90501-1524
P: +1310.5330474
F: +1302.6555049

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