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.
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Flexsteel Industries, Inc. (FLXS) declares a quarterly dividend of $0.15 per share, continuing its long history of dividend payments since 1938.
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Flexsteel Industries, Inc. (NASDAQ: FLXS) reported strong second quarter fiscal 2024 results, with a healthy sales growth of 7.5% and net sales of $100.1 million. The company also saw significant gross margin improvement to 21.9% and a robust operating income. They reported a strong cash flow generation and a 46% reduction in borrowings under the line of credit. The CEO emphasized that despite headwinds in the industry, the company is competing well and growing both its top and bottom line.
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Flexsteel Industries, Inc. (NASDAQ:FLXS) announced that its CEO and President will participate in a fireside chat and one-on-one meetings with investors at the Lytham Partners 2024 Investor Select Conference. The webcasted fireside chat will take place at 11:45am ET on February 1, 2024, and the webcast can be accessed at https://wsw.com/webcast/lytham10/flxs/2115344. The Company also posted an updated investor presentation on its website, outlining key elements of the business model, investment thesis, growth strategies, and financial objectives.
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Flexsteel Industries, Inc. (NASDAQ: FLXS) provided business updates, including preliminary second quarter fiscal 2024 results, a financial outlook for the remainder of fiscal year 2024 and fiscal year 2025, and recent management and board changes. The Company expects healthy sales growth of 7.5%, significant gross margin improvement to 21.9%, solid GAAP operating income of $4.6 million, and strong cash flow generation of $18.9 million for the quarter. Debt repayments of $15.1 million resulted in a 46% reduction in borrowings under the line of credit.
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Flexsteel Industries, Inc. (NASDAQ:FLXS) announced that its President and CEO, Jerry Dittmer, and COO and interim CFO, Derek Schmidt, will present and host one-on-one meetings with investors at the Sidoti Virtual Investor Conference on January 17-18, 2024. The presentation will start at 10:45 a.m. Eastern Time on Wednesday, January 17, 2024. Flexsteel will also conduct virtual one-on-one meetings with investors on the same dates. Registration for the presentation and one-on-one meetings is free and open to all, regardless of being a Sidoti client.
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Flexsteel Industries, Inc. (FLXS) to present at the Water Tower Research Furniture/Furnishings Virtual Conference. President and CEO Jerry Dittmer and COO Derek Schmidt will present at 4:00 p.m. Eastern Time on January 17, 2024.
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Flexsteel Industries, Inc. (NASDAQ:FLXS) declares a quarterly dividend of $0.15 per share, continuing its long-standing tradition of cash dividends since 1938.
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Flexsteel Industries, Inc. reports first quarter fiscal 2024 results. Net sales for the quarter were $94.6 million, a decrease of 1.1% compared to the prior year quarter. Gross margin increased to 19.5% from 16.0% in the prior year quarter. GAAP operating income was $1.9 million, compared to $0.4 million in the prior year quarter. GAAP net income per diluted share was $0.14, compared to $0.05 in the prior year quarter.
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Flexsteel Industries, Inc. will release its first quarter 2024 financial results after market close on October 31, 2023. A conference call and webcast will be held on November 1, 2023, to discuss the results and answer questions.
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Flexsteel Industries, Inc. board member Mary C. Bottie plans to resign after the December 2023 board meeting.
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Flexsteel Inds
Nasdaq:FLXS
FLXS Rankings
FLXS Stock Data
172.31M
3.65M
29.85%
50.41%
1.45%
Furnishings, Fixtures & Appliances
Household Furniture
United States
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