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.
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Flexsteel Industries, Inc. (NASDAQ:FLXS) will release its third quarter 2023 financial results after market close on May 1, 2023. A conference call and audio webcast for analysts and investors is scheduled for May 2, 2023, at 8:00 a.m. Central Time, to discuss these results. Participants can join the call or access a replay until May 9, 2023.
The company, a leading manufacturer and marketer of residential furniture in the U.S., offers a diverse range of products including sofas, chairs, and bedroom furniture. Flexsteel aims to engage investors through its e-commerce channel and direct sales.
Flexsteel Industries (NASDAQ:FLXS) announced its participation in the Sidoti Virtual Investor Conference on March 22-23, 2023. CEO Jerry Dittmer, COO Derek Schmidt, and CFO Alejandro Huerta will present and hold one-on-one meetings with investors. The presentation is scheduled to start at 12:15 p.m. Eastern Time on Wednesday, March 22. Interested participants can register for free at www.sidoti.com/events. An updated investor presentation outlining key business strategies is available on Flexsteel's website at https://ir.flexsteel.com/news-events/events-and-presentations.
Flexsteel Industries, Inc. (NASDAQ:FLXS) has declared a quarterly dividend of $0.15 per share, payable on April 3, 2023, to shareholders of record as of March 22, 2023. This marks the company's 325th consecutive quarterly cash dividend, affirming its commitment to returning value to shareholders.
Founded in 1938, Flexsteel is a leading manufacturer and marketer of residential furniture in the U.S., offering a diverse range of products including sofas, chairs, and outdoor furniture. The company distributes through e-commerce and direct sales.
Flexsteel Industries (NASDAQ:FLXS) reported its Q2 fiscal 2023 results, showing a 34.3% decrease in net sales to $93.1 million from the previous year's $141.7 million. However, gross margin improved to 17.0%, up from 6.7%, due to effective cost management. The company achieved a GAAP operating income of $3.8 million, recovering from a loss of ($8.6 million) in the same quarter last year. Additionally, net income per diluted share was $0.53, compared to a net loss of ($1.13). Flexsteel reduced its bank debt by $18.6 million in the first half of the fiscal year, focusing on maintaining financial agility amid a challenging economic environment.