Virco Q2 net sales fell to $87.5 million from $92.1 million; net income down 15.4%
Virco reported second-quarter results for the period ended July 31, 2026, with net sales of $87.5 million, down from $92.1 million a year earlier, and net income of $8.6 million, down from $10.2 million. For the six months, net sales fell 6.1% to $118.2 million and net income fell 46.5% to $5.8 million, and management said recent demand trends are unlikely to meaningfully improve full-year results. The board also declared a $0.025 quarterly dividend payable October 9, 2026.
Key points
- Q2 net sales of $87.5 million vs. $92.1 million; Q2 net income of $8.6 million vs. $10.2 million (down 15.4%)
- Six-month net sales of $118.2 million, down 6.1% from $125.8 million; six-month net income of $5.8 million vs. $10.9 million (down 46.5%)
- Management said school budget uncertainty caused cautious spending in the first two quarters and that recent trends are unlikely to meaningfully improve full-year results
- Board declared a $0.025 per share dividend, payable October 9, 2026 to holders of record on September 18, 2026
The filing
Written by AI on Nov 9, 2026, 8:51 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on September 04, 2026.
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