Virco (NASDAQ:VIRC), the domestic manufacturer and supplier of furniture and equipment for the education market, reported full-year financial results for the fiscal year ended January 31, 2026, characterized by steady annual earnings and a robust liquidity position.
For the full fiscal year, the Torrance, California-based company achieved total revenue of $199.7 million, yielding a net income of $2.6 million.
Virco maintained a strong balance sheet throughout the period, ending the fiscal year with $14.4 million in cash and a healthy current ratio of 3.1, reflecting significant short-term financial stability.
The company’s fourth-quarter performance reflected the typical seasonal fluctuations inherent in the educational procurement cycle.
Revenue for the quarter was $26.2 million, an 8.1% decline compared to the same period in the prior year.
This seasonal slowdown contributed to an operating loss of $9.9 million for the quarter.
Despite the quarterly loss, Virco remained committed to its capital allocation strategy, returning a total of $5.6 million to shareholders during the fiscal year.
This included $1.6 million in cash dividends and $4.0 million in strategic share repurchases.
Looking forward, management provided an optimistic outlook for fiscal 2027, noting that incoming order rates are currently outpacing the prior year by low double digits.