Virco reports $8.6 million Q2 profit

• Virco (NASDAQ:VIRC) reported second-quarter 2026 net income of $8.6 million despite lower revenue.
• Q2 sales declined to $87.5 million from $92.1 million, while gross margin remained at 40%.
• The company declared a quarterly dividend of $0.025 per share payable October 9, 2026.

Virco (NASDAQ:VIRC) reported second-quarter 2026 net sales of $87.5 million and net income of $8.6 million for the period ended July 31, 2026.

The results compared with the prior-year quarter, when Virco reported sales of $92.1 million and net income of $10.2 million, while six-month sales declined 6.1% to $118.2 million.

The company reported that second-quarter operating income was $10.5 million, with gross margin at 40%, above its long-term average.

The company reported six-month operating income of $6.9 million compared with $15.3 million a year earlier, while shipments plus backlog totaled $162.5 million, down 2.1% from the prior year.

Virco reported a current ratio of 2.5, year-to-date interest expense of $0.3 million, and low debt levels, while its board declared a quarterly dividend of $0.025 per share payable October 9, 2026.

Virco manufactures furniture and equipment for education, government, and institutional markets, with products including classroom and training furniture.