Virco Q3 net loss of $1.3M on sales of $47.6M; nine-month revenue down 27% to $173.5M

VIRCO MFG CORPORATION

2026-Q3 EPS reported $0.61 revenue$173,476,000

Q3 net loss $1.3M vs. profit $8.4M YoY; gross margin fell to 38.0% from 44.4%.
Nine-month net income $9.6M on sales $173.5M, down from $27.4M on $237.8M YoY.
Backlog nearly even YoY; Shipments Plus Backlog declined 25% to $199M.
Board declares $0.025 quarterly dividend payable Jan 9, 2026 to Dec 19 holders.
Management cites expiration of ESSER funds and cautious school admin as key headwinds.

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