Virco Reports Solid Operating and Net Income for Second Quarter and First Six Months, Despite Significant Reduction in Revenue

Operating income of $15.3 million through six months is third highest in past decade, following two record yearsGeneral downturn in school furniture market results in 15.1% decline in Second Quarter shipments; 18.9% decline through six monthsRevenue quality remains high, with YTD Gross Margin of 45.2%Board Declares Quarterly Dividend of$ 0.025 per Share, payable October 10, 2025 to Shareholders of Record as of September 19, 2025Management cautions for remainder of year due to ongoing uncertainties over econ ...