VIRCO MFG CORP. DL 1

Virco recorded a net profit of USD 8.6 million in the second quarter versus USD 10.2 million a year earlier on revenue of USD 87.5 million (prior year: USD 92.1 million). Operating income fell to USD 10.5 million and the gross margin was 40.0%. In the six-month period, revenue and net profit declined to USD 118.2 million and USD 5.8 million (a 46.5% decrease); backlog stood at USD 162.5 million. The board of directors declared a quarterly dividend of USD 0.025 per share, payable on October 9, 2026 to shareholders of record on September 18, 2026. » More on de.investing.com

At Virco’s annual meeting Craig L. Levra and Robert R. Lind were elected as Class I directors through 2029. Shareholders approved the advisory vote on executive compensation and confirmed Baker Tilly US, LLP as the independent accounting firm for the fiscal year ending January 31, 2027. For the first quarter ended April 30, 2026, Virco reported a net loss of $2.8 million on revenue down 9.1% to $30.7 million. Analyst Balzhan Tleuzhanova cut the rating from Buy to Hold and reduced the price target to $6.50. » More on de.investing.com

For the quarter ended April 30, 2026, Virco reported a net loss of $2.8 million versus a year‑ago profit of $0.7 million, on revenue down 9.1% to $30.7 million. Twelve‑month revenue fell 25% to $199.65 million and gross margin declined from 47.5% to 41.4% due to lower volumes and production utilization. Inventories and delivery/order backlog eased slightly, cash rose to $3.7 million; the company repurchased shares, paid dividends and declared a quarterly dividend of $0.025 per share. More than three‑quarters of the backlog is now full‑service orders; production is performed mainly in Torrance, California, and Conway, Arkansas. » More on de.investing.com