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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Virco Mfg
Virco Mfg (VIRC) investor relations material
Virco Mfg Q2 2027 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2027 earnings summary4 Sep, 2026
Executive summary
Net sales for the quarter were $87.5 million, down 5.0% year-over-year, and six-month net sales were $118.2 million, down 6.1%, due to macroeconomic headwinds and cautious school spending.
Gross margin declined to 40.0% for the quarter and 40.4% for the six months, reflecting lower sales volume and higher costs.
Net income was $8.6 million for the quarter (down 15.4%) and $5.8 million for the six months (down 46.5%).
Order backlog as of July 31, 2026, was 13% higher than the prior year, indicating potential revenue recognition in the next quarter.
Management notes cautious school spending due to budget cycle uncertainties, with recent trends showing slight improvement after new budgets were approved.
Financial highlights
Quarterly net sales: $87.5 million (down from $92.1 million year-over-year); six-month net sales: $118.2 million (down from $125.8 million year-over-year).
Quarterly gross profit: $35.0 million (down from $40.9 million); six-month gross profit: $47.7 million (down from $56.9 million).
Quarterly operating income: $10.5 million (down from $15.4 million); six-month operating income: $6.9 million (down from $15.3 million).
Quarterly EPS (diluted): $0.55 (down from $0.65); six-month EPS (diluted): $0.37 (down from $0.69).
Cash on hand at July 31, 2026 was $9.2 million, down from $14.4 million at January 31, 2026.
Outlook and guidance
Management expects the majority of the current backlog to be delivered and recognized as revenue in the third quarter.
Ongoing macroeconomic uncertainty and volatility in material and transportation costs are expected to impact margins for the remainder of the fiscal year.
Management expects the positive demand trend to have limited impact on full-year results due to seasonally lower volumes in the second half.
Ongoing investments in new products and platform processes are planned, with annual capital expenditures expected to remain within $4–$6 million.
Management remains cautious due to fluid supply chain conditions and market uncertainties.
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Latest events from Virco Mfg
- Net sales fell 9.1% and a $2.8M net loss was reported amid ongoing demand and cost headwinds.VIRC
Q1 2027 - 2026 meeting covers director elections, say-on-pay, auditor ratification, and governance updates.VIRCProxy filing
- Net income dropped sharply year-over-year, but liquidity and early order rates signal recovery.VIRCQ4 2026
- Quarterly net loss on sharply lower sales, but backlog and liquidity remain strong.VIRCQ3 2026
- Annual meeting to elect directors and ratify auditor, with focus on governance and transparency.VIRCProxy Filing
- Sales and earnings fell as demand softened and one-time orders lapsed, but margins held steady.VIRCQ2 2026
- Nine-month net income and cash flow grew, with no borrowings and strong balance sheet.VIRCQ3 2025
- Record earnings, debt-free status, and higher dividend mark a strong Q2 performance.VIRCQ2 2025
- Q1 revenue jumped 33.7% and net income turned positive on strong project demand and margin gains.VIRCQ1 2025
Next Virco Mfg earnings date
Q3 20274 Dec, 2026
Virco Mfg
Next Virco Mfg earnings date
Q3 20274 Dec, 2026
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Frequently asked questions
Virco Mfg. Corporation designs, manufactures, and supplies furniture and equipment primarily for educational environments. The company's product range includes classroom furniture, such as desks, chairs, tables, and storage units, as well as office furniture, seating, and folding tables. Virco serves educational institutions including K-12 schools, colleges, and universities, as well as commercial and government facilities. The company focuses on providing durable, functional, and ergonomic products tailored to the needs of learning spaces. Virco also offers planning, design, and project management services to assist customers in optimizing their educational environments. The company is headquartered in Torrance, California, and its shares are listed on the NASDAQ.