Virco Reports $2.8 Million First Quarter Loss as Demand for School Furniture Slows
* Shipments Plus Backlog Declines 1.8% to $103.7 Million * Gross Margin Declines to 41.4% vs. 47.5% LY * Unusually Late Order Cycle May Reward Flexibility and Response Time of Company's Domestic Factories * Board Declares Quarterly Dividend of $0.025 per Share, Payable July 10, 2026 to Shareholders of Record as of June 19, 2026 * First Quarter Shareholder Returns Reach $0.6 Million, Including Buybacks and Dividends TORRANCE, Calif., June 03, 2026 (GLOBE NEWSWIRE) -- Virco Mfg. Corporation (NASD
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