VIRC FY2026 earnings: results, stock reaction and implied move

Reported results

Net sales for second quarter were $87.5 million versus $92.1 million in the prior year; gross margin of 40.0% for the quarter
Operating income for the second quarter was $10.5 million versus $15.4 million in the prior year
Six-month operating income was $6.9 million versus $15.3 million in the prior year
Net income for six months was $5.8 million (a 46.5% decline) compared to $10.9 million in the prior year
Year-to-date gross margin was 40.4%; selling, general and administrative expense was 34.5% of revenue versus 33.1% in the prior year
Shipments plus backlog of $162.5 million is 2.1% lower than the same period last year; current ratio of 2.5

Management expects capital expenditures to fall comfortably within the Company’s typical $4 to $6 million annual budget
Management cautions that while recent trends show slight improvement in demand, they come at a low point in the annual revenue cycle and are unlikely to meaningfully improve full-year results

Board declared quarterly dividend of $0.025 per share, payable October 9, 2026. Interest expense was flat at $0.3 million through six months.

The figures above come from the earnings release the company filed with the SEC on 2026-09-04 (8-K, Item 2.02). Read the original filing on sec.gov.