Recent Updates — VIRC
Virco Mfg. Corporation reported second quarter fiscal 2026 results ending July 31, 2026, with net sales declining 5.0% to $87.5 million from $92.1 million in the prior year period. Operating income fell to $10.5 million from $15.4 million, while net income decreased 15.4% to $8.6 million. For the six-month period, revenue dropped 6.1% to $118.2 million and net income declined 46.5% to $5.8 million due to cautious school spending during budget transitions. The Board declared a quarterly cash dividend of $0.025 per share, payable October 9, 2026, to shareholders of record on September 18, 2026. Virco Mfg. Corporation is the largest U.S. manufacturer and supplier of moveable educational furniture and equipment for preschool through 12th grade markets.