Virco Mfg. Corporation Announces Fourth Quarter and Full Fiscal Year Financial Results

Virco Mfg. Corporation reported financial results for the fourth quarter and full fiscal year ended January 31, 2026. For the full fiscal year, net income was $2.6 million on total revenue of $199.7 million. This performance was achieved despite significant market headwinds, including a downturn in the school furniture market attributed to the end of COVID-era subsidies and the completion of unusual backlogs. The company ended the year with $14.4 million in cash and a healthy current ratio of 3.1. Virco distributed $5.6 million to shareholders through dividends and share repurchases. The company noted that while "Shipments plus Backlog" is lower than the previous year, incoming order rates are running ahead by low double digits, suggesting a potential market recovery. Management highlighted the company's strong financial position, vertical business model, and expanded service capabilities as key strengths.