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VIRCO 75 % YEARS Exhibit 99.1 Virco Reports Revenue through Six Months Declined 6.1 % to $ 118.2 Million from $ 125.8 Million , as Rebalancing of School Furniture Market Continues • Operating Income of $ 10.5 Million for Second Quarter Remains Above Long- Term Average • Shipments Plus Backlog of $ 162.5 Million is 2.1 % Lower Than Same Period Last Year • Current Ratio of 2.5 Supports Aggressive Development of Existing and New Revenue Streams • Revenue Quality Remains High , With YTD Gross Margin of 40.4 % • Board Declares Quarterly Dividend of $ 0.025 per Share , Payable October 9 , 2026 to Shareholders of Record as of September 18 , 2026 ― TORRANCE , CALIFORNIA , SEPTEMBER 4 , 2026 ( Globe Newswire ) . Virco Mfg . Corporation ( NASDAQ : VIRC ) , a leading manufacturer and direct supplier of moveable furniture and equipment for educational environments and public spaces in the United States , reported solid profitability for its second quarter and the six months ended July 31 , 2026. Reflecting the ongoing rebalancing of the market for school furniture following uncertainties of the past few years , net sales for the second quarter totaled $ 87.5 million , versus $ 92.1 million for the same quarter in the prior year . Revenue quality remains high , with a gross margin of 40.0 % for the quarter . Operating income for the quarter was $ 10.5 million versus $ 15.4 million last year . This remains well above the Company's long - term average performance for the period . Through six months , net sales totaled $ 118.2 million , a 6.1 % decline from last year's $ 125.8 million . Operating income was $ 6.9 million versus $ 15.3 million in the prior year . Year - over - year comparisons may reflect uncertainties among school administrators regarding the just - ended budget cycle . Most public schools have fiscal years that run from July 1 through June 30. Uncertainties heading into the current cycle may have resulted in cautious spending through the Company's first and second quarters . Very recent trends show a slight improvement in demand following recent approval of new budgets for the school year of July 2026 through June 2027. Management cautions that even though these trends are encouraging , they come at a low point in the annual revenue cycle and are therefore unlikely to meaningfully improve the Company's full - year results . The Company's domestically - based fabrication and service model continues to deliver good control over cost of goods sold and inventory levels , excellence of delivery and customer service , and of course product quality . In addition , the flexibility provided by U.S. manufacturing allows more responsive customer service without excessive reliance on debt financing . Through six months , interest expense was flat at $ 0.3 million , while selling , general , and administrative expense was 34.5 % of revenue vs. 33.1 % in the prior year . Net income for the three months ended July 31 , 2026 was $ 8.6 million versus $ 10.2 million in the prior year ( a 15.4 % decline ) . Through six months , net income was $ 5.8 million compared to $ 10.9 million the year before ( a 46.5 % decline ) . The performance comparison between each of the first two quarters of this year reflects a modest improvement in recent trends , as discussed earlier , following approval of new budgets in many public