Virco Mfg Corp

virco.com

What Do They Do?

Designs, makes, and sells movable furniture and equipment for schools, public venues, and government facilities.

How Do They Make Money?

Virco sells furniture to resellers and direct customers, and is paid when goods are shipped or delivered under the order's terms.

FY2026 revenue

Who Are Their Customers?

Schools buy directly from Virco's sales force or through distributors and dealer partners. Virco representatives and distributorships serve other public and commercial institutions, while wholesalers, distributors, and retailers resell its products.

Do Revenues Turn Into Profits?

Yes. It kept 1 cent of every revenue dollar as net income in FY2026, but spent more cash than it brought in: free cash flow was −$6.7M.

Operating income, FY2026

2% of revenue

▼ −87% vs FY2025 ($27.9M, 10%)

Net income, FY2026

1% of revenue

▼ −88% vs FY2025 ($21.6M, 8%)

Free cash flow, FY2026

−3% of revenue

▼ Now a loss vs FY2025 ($26.8M, 10%)

How Are They Changing?

Since the FY2026 annual report

Latest quarter: Q2 FY2027, the three months to Jul 31, 2026

Revenue: ▼ −5%; vs $92.1M in Q2 FY2026
Net income: ▼ −15%; vs $10.2M in Q2 FY2026

Flat. Revenue was $199.7M in FY2026, about the same as the $184.8M of FY2022.

Product range expansion The latest report adds storage boxes for workstations and tables and an outdoor furniture line to the classroom furniture range described in the older report.

Who Do They Compete With?

Competes with Artcobell, KI, Steelcase, Smith System, V/S America, Scholarcraft, Academia, Alumni, Columbia, Moore, Paragon, SICO, Learniture, Hon, School Outfitters, School Specialty, MeTEOR, MiEN, Kay-Twelve, and Hertz

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