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 reports developments in its residential furniture manufacturing, importing, and marketing business. Company news centers on fiscal operating results, demand trends, tariff and pricing effects, product development, and distribution through retail partners and online channels. Its residential furniture portfolio is associated with seating and home furnishings built around the patented Blue Steel Spring technology.
Recurring updates also cover capital allocation, including quarterly cash dividends, common stock repurchases, and balance-sheet actions. Governance and shareholder matters appear when board actions, incentive plans, or other corporate decisions affect the company’s public-company structure.
Flexsteel Industries, Inc. (NASDAQ:FLXS) will release its second quarter 2021 financial results after market close on January 25, 2021. An earnings call is scheduled for January 26, 2021, at 8:00 a.m. Central Time for analysts and investors to discuss the results. Investors can attend via conference call or audio webcast. The earnings release will be available on the company's investor relations website after market close on the 25th.
Flexsteel Industries, Inc. (NASDAQ:FLXS) has declared a quarterly dividend of $0.10 per share, payable on January 4, 2021, to shareholders on record as of December 23, 2020. This marks the 316th consecutive quarterly cash dividend, showcasing Flexsteel's commitment to returning value to shareholders since 1938. Leveraging a strong product portfolio, the company continues to be a significant player in the U.S. furniture market, offering a range of upholstered furniture products through ecommerce and direct sales.
Flexsteel Industries, Inc. (NASDAQ:FLXS) reported a 4.9% increase in net sales for Q1 FY 2021, totaling $105.2 million, driven by strong demand for home furnishing products.
Organic net sales surged 17.9%, while backlog reached a record $89 million. Gross margin improved to 21.7%, up from 17.2% a year prior. However, GAAP net income decreased to $3.9 million or $0.49 per share, down from $9.6 million or $1.17 in the previous year.
Despite challenges, the company remains financially stable with $36.5 million in cash and no debt.
Flexsteel Industries, Inc. (NASDAQ:FLXS) announces the release of its first quarter 2021 financial results on October 26, 2020, after market close. A conference call for analysts and investors will follow on October 27, 2020, at 8:00 a.m. Central Time to discuss the results. Participants can pre-register for the conference call to streamline access. Flexsteel is a leading manufacturer and marketer of residential upholstered furniture in the U.S., offering a diverse range of products including sofas, chairs, and bedding.