Virco net income falls 15.4% to $8.61 million in Q2 FY26; net sales drop to $87.47 million - VIRC News | RalliesVirco net income falls 15.4% to $8.61 million in Q2 FY26; net sales drop to $87.47 million
V
VIRC• Second-quarter results
- 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 commentary and dividend
- Management cited cautious school spending tied to the just-ended budget cycle, with demand improving slightly after new budgets were approved.
- The board declared a $0.025 per-share quarterly dividend, payable Oct. 9 to shareholders of record Sept. 18.
