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Virco six-month revenue falls 6.1% to $118.2 million as school furniture market rebalances

9/4/2026

$118.2 million in net sales for the six months ended July 31, 2026 marks a 6.1% year-over-year decline for Virco Mfg.

Corporation (NASDAQ: VIRC), the largest domestic manufacturer and supplier of moveable educational furniture for the preschool-through-12th-grade market, as cautious district spending weighed on volume during an uncertain school budget cycle.

Second-quarter revenue of $87.5 million accounted for the bulk of the first half, implying a first-quarter figure of $30.7 million.

Gross margin held at 40.0% for Q2 and 40.4% year-to-date, a sign that pricing discipline absorbed some of the volume pressure. The income compression The operating income drop runs wider than the revenue miss.