Welcome to our dedicated page for Flexsteel Industries news (Ticker: FLXS), a resource for investors and traders seeking the latest updates and insights on Flexsteel Industries stock.
Flexsteel Industries, Inc., incorporated in 1929, stands as one of the oldest and largest manufacturers, importers, and marketers of residential and commercial upholstered and wooden furniture products in the United States. The company's comprehensive product offerings include sofas, loveseats, chairs, reclining and rocker reclining chairs, swivel rockers, sofa beds, convertible bedding units, occasional tables, desks, dining tables and chairs, and bedroom furniture.
Flexsteel products are designed for use in various settings, including homes, offices, hotels, and other commercial environments. A notable feature of most of their upholstered furniture is a unique steel drop-in seat spring, which has become a hallmark of durability and quality, and is the inspiration for the company’s name “Flexsteel.”
The company distributes its products across the United States through its sales force and independent representatives. Their extensive distribution network ensures that Flexsteel's high-quality furniture is available nationwide.
In addition to its main operations, Flexsteel has a wholly-owned subsidiary, DMI Furniture, Inc. (“DMI”), which extends the company's market reach and product diversity. Flexsteel’s furniture portfolio not only serves residential needs but also caters to office, healthcare, and other contract applications, demonstrating the company’s versatility and commitment to meeting a wide range of consumer demands.
Flexsteel Industries is recognized for its Blue Steel Spring technology, which ensures the longevity and comfort of their upholstered furniture. This innovation has solidified the company's reputation for producing high-quality, durable furniture that stands the test of time.
Financially, Flexsteel has maintained a stable position within the market, continually adapting to industry trends and consumer preferences. The company constantly explores new projects and partnerships to enhance its product offerings and expand its market presence.
Flexsteel Industries (NASDAQ:FLXS) has announced two significant shareholder-focused initiatives. The company declared a quarterly dividend of $0.17 per share, payable January 8, 2025, to shareholders of record as of December 28, 2024, marking its 332nd consecutive quarterly dividend since 1938. Additionally, the Board approved a new $30 million share repurchase program on December 11, 2024. The company still has approximately $2.1 million remaining from its previous buyback program, which expires on January 19, 2025. The timing and extent of share repurchases will be influenced by factors including stock valuation, capital planning, cash priorities, market conditions, and legal requirements.
Flexsteel Industries (NASDAQ:FLXS), a leading U.S. residential furniture manufacturer, has announced its participation in the 16th Annual Southwest IDEAS Investor Conference. Derek Schmidt, President & CEO, will deliver a presentation on November 21, 2024, at 1:20 p.m. CST at The Statler in Dallas, TX.
The presentation will be accessible through the conference website and Flexsteel's corporate website. Additionally, the company has published an updated investor presentation outlining its business model, investment thesis, growth strategies, and financial objectives.
Flexsteel Industries, Inc. (NASDAQ:FLXS), a leading manufacturer and marketer of residential furniture in the United States, has announced it will release its first quarter 2025 financial results on October 21, 2024, after market close. The company will host a conference call and webcast on October 22, 2024, at 8:00 a.m. Central Time to discuss the results and answer questions.
Investors can participate in the live conference call using the following numbers: 833-816-1123 (domestic) or 412-317-0710 (international). A replay will be available until October 29, 2024. The webcast will be accessible at ir.flexsteel.com. Flexsteel offers a wide variety of furniture products, including sofas, chairs, tables, and bedroom furniture, with its unique steel drop-in seat spring as a featured component in most upholstered items.
Flexsteel Industries, Inc. (NASDAQ:FLXS), a leading manufacturer, importer, and marketer of residential furniture in the United States, has announced its participation in the Lytham Partners Fall 2024 Investor Conference. The event is scheduled for October 1, 2024, and will be conducted virtually.
Key company representatives, including Derek Schmidt (President & CEO) and Mike Ressler (CFO), will be available for one-on-one meetings with investors during the conference. Interested parties can arrange meetings by contacting Lytham Partners directly or by registering for the event through the provided link.
This participation offers an opportunity for investors to engage directly with Flexsteel's management and gain insights into the company's operations and strategies. The virtual format of the conference allows for efficient and accessible communication between the company and potential investors.
Flexsteel Industries, Inc. (NASDAQ:FLXS), a major U.S. furniture manufacturer, has partnered with 3D Cloud™ to enhance product visualization for over 2,500 retailers. The collaboration introduces 3D Product Configurators and WebAR for 440 products on Flexsteel.com, with plans for expansion. This strategic move aims to improve customer satisfaction and engagement through interactive brand experiences.
Mike McClaflin, CIO at Flexsteel, praised 3D Cloud's technology, pricing, and holistic approach to addressing 3D product visualization challenges. The partnership enables rapid deployment of comprehensive 3D programs, including self-service renders and product configurators. Flexsteel is considering future e-commerce integration and offering configurators for dealer websites.
Flexsteel Industries, Inc. (NASDAQ:FLXS) has announced a significant increase in its quarterly dividend. The Board of Directors declared a quarterly dividend of $0.17 per share, representing a 13% increase from the previous quarter. This dividend will be payable on October 7, 2024, to shareholders of record as of September 25, 2024. This marks Flexsteel's 331st consecutive quarterly cash dividend, maintaining its impressive streak of paying dividends since 1938. The substantial increase in dividend payout demonstrates Flexsteel's commitment to shareholder value and confidence in its financial stability.
Flexsteel Industries, Inc. (NASDAQ:FLXS), a leading manufacturer and marketer of residential furniture in the United States, has announced its participation in the 15th Annual Midwest IDEAS Investor Conference. The event is scheduled for August 29, 2024, at The Gwen in Chicago, IL.
Derek Schmidt, President & CEO, and Mike Ressler, CFO, will represent Flexsteel at the conference. Their presentation is set to begin at 9:15 a.m. CT in Presentation Room #2. Investors and interested parties can access the webcast through the conference host's website or Flexsteel's own website in the News & Events section.
This presentation offers an opportunity for Flexsteel to showcase its business strategies and financial performance to potential investors and analysts, potentially impacting its stock performance and market perception.
Flexsteel Industries (NASDAQ: FLXS) reported strong fiscal Q4 and full-year 2024 results, showing continued sales growth and increased operating income. Key highlights include:
• Q4 net sales increased 4.7% to $110.8 million
• Full-year net sales rose 4.8% to $412.8 million
• Q4 gross margin improved to 21.3% from 20.0% in the prior year
• Q4 GAAP operating income reached $7.6 million, or 6.9% of net sales
• Full-year GAAP operating income was $17.1 million, or 4.1% of net sales
• Q4 adjusted operating income was $6.2 million, or 5.6% of net sales
• Full-year cash flow from operations totaled $31.9 million
• Debt repayments of $23.5 million for the year
The company's strategies to gain market share and expand into new markets are proving successful, driven by investments in innovation, product development, and marketing.
Flexsteel Industries, Inc. (NASDAQ:FLXS), a leading U.S. residential furniture manufacturer, will release its fourth quarter and full year 2024 financial results on August 19, 2024, after market close. The company will host a conference call and webcast on August 20, 2024, at 8:00 a.m. Central Time to discuss the results and answer questions.
Investors can participate via phone (833-816-1123 domestic, 412-317-0710 international) or access the webcast at ir.flexsteel.com. A replay will be available until August 27, 2024. Flexsteel offers a wide range of residential furniture products, including sofas, chairs, tables, and bedroom furniture, featuring its unique steel drop-in seat spring.
Flexsteel Industries announced its Board of Directors has declared a quarterly dividend of $0.15 per share. The dividend is payable on July 8, 2024, to shareholders recorded by June 26, 2024. Since 1938, Flexsteel has consistently paid cash dividends on its common stock, marking the 330th consecutive quarterly cash dividend.
FAQ
What is the current stock price of Flexsteel Industries (FLXS)?
What is the market cap of Flexsteel Industries (FLXS)?
What does Flexsteel Industries, Inc. do?
What are some of the products offered by Flexsteel?
What is unique about Flexsteel's upholstered furniture?
Where are Flexsteel products used?
How does Flexsteel distribute its products?
Does Flexsteel have any subsidiaries?
How long has Flexsteel Industries been in business?
What markets does Flexsteel serve?
What is the significance of the name 'Flexsteel'?
What is Flexsteel's approach to innovation?
