Welcome to our dedicated page for Flexsteel Inds news (Ticker: FLXS), a resource for investors and traders seeking the latest updates and insights on Flexsteel Inds stock.
Flexsteel Industries Inc (FLXS) delivers innovative furniture solutions for residential and commercial markets through nine decades of manufacturing expertise. This news hub provides investors and industry professionals with centralized access to all official corporate announcements and market developments.
Track earnings reports, leadership updates, product innovations, and strategic partnerships through verified press releases. Our curated collection enables analysis of operational trends while maintaining compliance with financial disclosure standards.
Key content includes quarterly financial results, manufacturing expansions, design patent filings, and distribution network updates. Bookmark this page for real-time notifications about material developments affecting FLXS market position and operational strategy.
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.
Flexsteel Industries, Inc. (NASDAQ:FLXS) will have its President and CFO presenting at the Sidoti Virtual Investor Conference on May 8-9, 2024. The Company will also host one-on-one meetings with investors. Registration is open to all.
Flexsteel Industries, Inc. (NASDAQ:FLXS) appoints Derek P. Schmidt as President and CEO effective July 1, 2024, succeeding Jerald K. Dittmer. Schmidt, with almost 30 years of experience in financial and management roles, has been instrumental in driving the Company's transformation and growth strategy over the past four years. Dittmer, who has led significant business transformation, will stay on as a Strategic Advisor until December 31, 2024, aiding in a smooth transition to Schmidt.
Flexsteel Industries, Inc. reported strong fiscal third quarter 2024 results with 8% sales growth, improved operating margin, and continued debt reduction. The company achieved net sales of $107.2 million, representing an 8.2% increase from the prior year quarter. Gross margin expanded to 21.7%, operating income improved to $3.0 million, and adjusted net income per diluted share rose to $0.67.
