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), 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.
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