Virco Q2 revenue down 5% to $87.5M; net income $8.6M, dividend $0.025

VIRCO MFG CORPORATION

2027-Q2 EPS reported $0.37 revenue$118,158,000

Q2 net sales $87.5M vs $92.1M prior year; operating income $10.5M vs $15.4M.
Six-month revenue $118.2M, down 6.1% YoY; net income $5.8M vs $10.9M (down 46.5%).
Gross margin 40.0% for Q2; YTD gross margin 40.4%.
Board declared $0.025/share dividend payable Oct 9, 2026 to record Sept 18, 2026.
Management cites cautious school spending due to budget cycle; recent trends slightly improving.

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