FLXS News & Events

Reports Q2 revenue $118.2M vs $108.5M last year. "I'm pleased with our second quarter results and the way our teams continue to execute in a highly dynamic environment," said Derek Schmidt, CEO of Flexsteel Industries, Inc. "Despite uneven industry demand and a rapidly evolving tariff landscape, we delivered 9% year-over-year sales growth and meaningful profit improvement in the quarter. Our performance reflects the quality and balance of our growth, driven by new product introductions, share gains with strategic accounts, and continued progress in casegoods and health and wellness. Just as importantly, our results demonstrate the operating discipline and agility we've built into the organization over the past several years."

Sees Q1 free cash flow ($5M)-$0M. Sees Q1 GAAP operating margin 5.5%-7%.

Reports Q4 revenue $114.6M vs $110.8M last year. "Our strategies are working and drove strong results in the quarter," said Derek Schmidt, CEO of Flexsteel Industries, Inc. "While market conditions and macroeconomic uncertainty remain industry headwinds, we continued our growth momentum and delivered 3.4% sales growth in the quarter, which represents our seventh consecutive quarter of year-over-year growth. The sources of our growth remain diversified across our core business and new or expanded markets, and our continued investments in new product development, innovation, customer experience, and marketing are enabling our share gains. Additionally, we continue to drive meaningful profitability improvement and delivered an adjusted operating margin of 9% in the quarter, which represents our ninth consecutive quarter of year-over-year improvement and a 340 basis point increase compared to the prior year. Sales growth, operational productivity, and product portfolio management remain our key profit improvement levers."