Flexsteel Inds Stock Price, News & Analysis

Flexsteel Industries (NASDAQ:FLXS) has appointed Terence P. Calloway as an independent director effective May 21, 2025. Calloway brings extensive experience in product innovation, supply chain management, and strategic planning from his previous executive roles at major consumer goods companies. He most recently served as Executive Vice President of Global Product Supply at Energizer Holdings, leading a team of 4,100 employees before retiring in April 2025.

Prior to Energizer, Calloway held leadership positions at Colgate-Palmolive as Director of Global Design and Package Development, and at Procter & Gamble in various R&D roles since 1987. The appointment aims to strengthen Flexsteel's board expertise in product innovation and supply chain excellence to support the company's growth strategy and improve shareholder returns.

Flexsteel Industries (NASDAQ: FLXS) reported strong fiscal Q3 2025 results with net sales of $114.0 million, up 6.3% year-over-year, marking the sixth consecutive quarter of growth. The company posted a GAAP operating loss of ($5.1) million due to a $14.1 million pre-tax impairment charge related to their Mexicali facility. However, adjusted operating income reached $8.3 million (7.3% of net sales).

Key financial metrics include adjusted net income per diluted share of $1.13, compared to $0.67 in the prior year quarter. The company generated $12.3 million in operating cash flow, ending with $22.6 million cash and no debt. For Q4 2025, Flexsteel projects sales growth between -2.0% to 5.0% with operating margins of 6.0% to 7.3%.

Management notes challenging economic conditions ahead, citing proposed U.S. reciprocal tariffs and slower retail traffic. The company plans to focus on executing growth strategies while strengthening supply chain agility to address tariff risks.

Flexsteel Industries (NASDAQ:FLXS), a leading US residential furniture manufacturer, has scheduled its third quarter 2025 financial results announcement for April 21, 2025, after market close. The company will host a conference call and webcast on April 22, 2025, at 8:00 a.m. Central Time to discuss the results.

Investors can participate through domestic (833-816-1123) or international (412-317-0710) call lines. A replay will be available until August 29, 2025. The earnings release and webcast will be accessible at ir.flexsteel.com. Flexsteel, known for its distinctive steel drop-in seat spring design, manufactures and markets a diverse range of residential furniture including sofas, chairs, dining sets, bedroom furniture, and outdoor pieces through e-commerce and direct sales channels.

Flexsteel Industries (NASDAQ:FLXS) has announced its Board of Directors declared a quarterly dividend of $0.17 per share. The dividend will be payable on April 7, 2025, to shareholders of record as of March 26, 2025.

This marks the company's 333rd consecutive quarterly cash dividend, maintaining its remarkable track record of paying cash dividends on common stock annually since 1938.

Flexsteel Industries (NASDAQ: FLXS) reported strong fiscal Q2 2025 results with net sales of $108.5 million, up 8.4% year-over-year, marking the fifth consecutive quarter of growth. The company achieved GAAP operating income of $11.7 million (10.7% of net sales) and adjusted operating income of $6.7 million (6.1% of net sales).

Key highlights include a pre-tax gain of $5.0 million from selling their Dublin, GA facility, GAAP net income per diluted share of $1.62, and adjusted net income per diluted share of $0.95. The company generated $6.7 million in operating cash flow and cleared all outstanding credit line borrowings.

Looking ahead, Flexsteel raised its fiscal 2025 sales growth guidance to 5.5-8.0% from previous 3.5-6.5%. However, newly announced 25% tariffs on Mexico and Canada could significantly impact future performance due to Mexican operations.

Flexsteel Industries (NASDAQ:FLXS), a leading U.S. residential furniture manufacturer, has scheduled its second quarter 2025 financial results announcement for February 3, 2025, after market close. The company will host a conference call and webcast with analysts and investors on February 4, 2025, at 8:00 a.m. Central Time.

Participants can join the live conference call using domestic (833-816-1123) or international (412-317-0710) dial-in numbers. A replay will be available through February 11, 2025. The earnings release and webcast will be accessible at ir.flexsteel.com. Pre-registration is available to avoid wait times.

Flexsteel is known for its wide variety of residential furniture products, including sofas, chairs, tables, bedroom furniture, and outdoor furniture, featuring their signature steel drop-in seat spring design.

Flexsteel Industries (NASDAQ:FLXS), a leading manufacturer, importer, and marketer of residential furniture in the United States, has announced its participation in the upcoming Sidoti January Virtual Investor Conference. The company's President and CEO Derek Schmidt, along with CFO Mike Ressler, will deliver a presentation and conduct one-on-one meetings with investors during the two-day event scheduled for January 22-23, 2025.

The presentation is set for Wednesday, January 22, 2025, at 3:15 p.m. Eastern Time. Investors can access the live presentation through a provided Zoom webinar link. The company will also host virtual one-on-one meetings with investors throughout both conference days. Registration for both the presentation and one-on-one sessions is free and available through Sidoti's website, with no requirement to be a Sidoti client.

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.