Quarterly ResultJun 3, 2026, 01:42 PM
Virco Mfg. Q1 Loss $2.78M vs Profit $732K; Sales Fall
AI Summary
Virco Mfg. Corporation reported a net loss of $2.777 million for the first quarter of fiscal year 2027, a significant downturn from a net income of $732,000 in the same period last year. Net sales also declined to $30.692 million from $33.754 million year-over-year, leading to a widened operating loss of $3.660 million. The company used $9.354 million in operating activities during the quarter. Total assets decreased to $175.478 million as of April 30, 2026.
Key Highlights
- Virco Mfg. Corporation reported a net loss of $2.777 million for the three months ended April 30, 2026, compared to a net income of $732,000 in the prior year.
- Net sales decreased to $30.692 million for the three months ended April 30, 2026, from $33.754 million in the same period last year.
- Operating loss widened to $3.660 million for the three months ended April 30, 2026, from an operating loss of $94,000 in the prior year.
- Cash used in operating activities was $9.354 million for the three months ended April 30, 2026, compared to $19.031 million used in the same period last year.
- Total assets stood at $175.478 million as of April 30, 2026, down from $183.782 million as of April 30, 2025.
- Total liabilities and stockholders' equity decreased to $175.478 million as of April 30, 2026, from $183.782 million as of April 30, 2025.
- The company declared a cash dividend of $0.025 per common share for the three months ended April 30, 2026 and 2025.
Price Impact
More from VIRC