Virco Reports $2.8M Q1 Loss as School Furniture Demand Slows

Virco Manufacturing reported a $2.8 million net loss in Q1 2026 with net sales declining 9.1% to $30.7 million due to weakening school furniture demand and inventory normalization post-pandemic. The company declared a $0.025 quarterly dividend and maintains a flexible domestic manufacturing advantage amid an unusually late order cycle.