| Metric | Value ($ M) | Q1 FY27 | Q2 FY26 |
|---|---|---|---|
| Revenue | 87.47 | 185.0% | 5.0% |
| Total Income | 87.47 | 185.0% | 5.0% |
| Expenditure | 76.92 | 123.9% | 0.3% |
| PBT | 11.24 | 403.8% | 20.7% |
| Net Profit | 8.61 | 409.7% | 15.5% |
| OPM | 12.06% | 23.98pp | 4.63pp |
| NPM | 9.85% | 18.90pp | 1.21pp |
| EPS | 0.55 | 405.6% | 15.4% |
Virco Mfg. Corporation Reports Q2 2026 Financial Results
04 Sept 2026 · 1d ago, 10:51 pm
Summary
Virco Mfg. Corporation reported a 6.1% decline in net sales for the first six months of fiscal year 2026, totaling $118.2 million, compared to $125.8 million in the prior year. The second quarter saw net sales of $87.5 million, down from $92.1 million year-over-year. While operating income and net income declined in both the quarter and year-to-date periods, management noted that operating income remained above the long-term average and highlighted encouraging recent trends in demand following new budget approvals. The company also declared a quarterly cash dividend of $0.025 per share.
Key Highlights
- 1
Virco Mfg. Corporation reported net sales of $87.5 million for the second quarter ended July 31, 2026, a decrease from $92.1 million in the same quarter last year.
- 2
For the six months ended July 31, 2026, net sales declined 6.1% to $118.2 million compared to $125.8 million in the prior year.
- 3
Operating income for the second quarter was $10.5 million, down from $15.4 million in the prior year, but remained above the Company's long-term average.
- 4
Net income for the three months ended July 31, 2026, was $8.6 million, a 15.4% decline from $10.2 million in the prior year.
- 5
Through six months, net income was $5.8 million compared to $10.9 million the year before, a 46.5% decline.
- 6
The Company's gross margin for the second quarter was 40.0%, indicating high revenue quality.
- 7
Virco Mfg. Corporation's Board of Directors declared a quarterly cash dividend of $0.025 per share.
Management Comments
Robert Virtue
As the school delivery season becomes more compressed, the response time of our U.S. factories becomes more of a competitive advantage. We can provide superior quality, customization, and speed of service, while also operating with virtually no debt. While this current year will prove to be challenging in comparison to our recent years of record financial performance, our foundation is very strong and we’re actively using that strength to gain market share and develop new customers. None of this would be possible without our highly experienced workforce, 40% of whom have been with Virco for more than 20 years. The collective know-how and skills we nurtured through many hard years of competing against cheap overseas labor may now be paying off. For us, it was never only about the money. Sustainability isn’t just about the environment although our record there is outstanding. It’s also about our neighbors and communities. By keeping good jobs here we supported workers, families, schools, students, and communities. That our effort is now beginning to generate meaningful financial advantage seems only fair. We look forward to sharing our capabilities with public and private schools and many other customers and organizations who may now be in a position to fully appreciate what Virco has to offer.
Informational and educational content only. Not investment advice.