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Virco Mfg. Corporation
VIRCConsumer CyclicalNASDAQUS
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TORRANCE, Calif., June 03, 2026 (GLOBE NEWSWIRE) -- Virco Mfg. Corporation (NASDAQ: VIRC), a leading manufacturer and direct supplier of moveable furniture and equipment for educational environments and public spaces in the United States, reported a modest loss due to slowing demand during the Company's first quarter ended April 30, 2026. Through three months, net sales were $30.7 million, a 9.1% decline from $33.8 million in the first period of the prior year. Net loss for the quarter was $2.8 million versus net income of $0.7 million last year. During last year's first quarter, the Company was continuing to ship its lingering overhang on backlog. That overhang is gone now, resulting in a challenging year-over-year comparison. Underlying demand for school furniture is continuing to seek a new baseline following the significant market dislocations of the pandemic. In addition, the annual market cycle appears to be returning to its typical seasonality, in which the Company experiences operating losses in the seasonally light fourth and first quarters, while recording operating income during peak season second and third quarters.
Virco Manufacturing Corporation (NASDAQ: VIRC - Get Free Report) CEO Robert Virtue purchased 3,300 shares of the company's stock in a transaction dated Friday, April 10th. The stock was bought at an average price of $5.52 per share, with a total value of $18,216.00. Following the completion of the transaction, the chief executive officer directly owned
TORRANCE, Calif., April 08, 2026 (GLOBE NEWSWIRE) -- Virco Mfg. Corporation (NASDAQ: VIRC), a leading manufacturer and supplier of moveable furniture and equipment for educational environments and public spaces, announced results for the Company's fourth quarter and full fiscal year ended January 31, 2026.
Virco Manufacturing (NASDAQ: VIRC - Get Free Report) is anticipated to announce its Q4 2026 results before the market opens on Monday, April 13th. Analysts expect the company to announce earnings of ($0.3545) per share and revenue of $29.6050 million for the quarter. Parties may review the information on the company's upcoming Q4 2026 earning report
