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Virco Reports Solid Operating and Net Income for Second Quarter and First Six Months, Despite Significant Reduction in Revenue
Globenewswireยท 2025-09-05 12:30
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 ...