Virco net income falls 15.4% to $8.61 million in Q2 FY26; net sales drop to $87.47 million

• Virco posted Q2 net sales of $87.5 million, down 5% year over year, as the school furniture market continued to rebalance.
• Net income fell 15.4% to $8.6 million, while operating income dropped 31.4% to $10.5 million.
• Six-month net sales declined 6.1% to $118.2 million; net income slid 46.5% to $5.8 million.
• Management cited cautious school spending tied to the just-ended budget cycle, with demand improving slightly after new budgets were approved.
• Board declared a $0.025 per-share quarterly dividend, payable Oct. 9 to shareholders of record Sept. 18.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Virco Manufacturing Corporation published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202609040830PRIMZONEFULLFEED9821426) on September 04, 2026, and is solely responsible for the information contained therein.