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) announced that it will release its third quarter 2022 financial results on April 25, 2022, after market close. A conference call is scheduled for April 26, 2022, at 8:00 a.m. Central Time to discuss the results. The earnings release will be accessible on their investor relations website. Flexsteel is a leading manufacturer, importer, and online marketer of furniture products in the U.S., offering various items including sofas, chairs, and tables through eCommerce and direct sales.
Flexsteel Industries, Inc. (NASDAQ:FLXS) announced a quarterly dividend of $0.15 per share, payable on April 4, 2022, to shareholders of record by March 23, 2022. This marks the 321st consecutive quarterly cash dividend since the company began paying dividends in 1938. Flexsteel is a major manufacturer and marketer of various furniture products in the U.S., known for its innovative steel drop-in seat spring technology.
Flexsteel Industries (NASDAQ:FLXS) reported a second-quarter fiscal 2022 net sales increase of 18.9% to $141.7 million, up from $119.1 million a year ago. However, it faced a net loss of $7.5 million or ($1.13) per diluted share, compared to a profit of $8.5 million or $1.13 per share in the prior year. The company's gross margin decreased significantly to 6.7% from 20.5% due to high logistics costs and supply chain disruptions. Flexsteel aims for sales growth of 14% to 22% in the upcoming quarter, while managing ongoing cost challenges.
Flexsteel Industries, Inc. (NASDAQ:FLXS) announced it will release its Q2 2022 financial results after market close on January 24, 2022. A subsequent conference call is scheduled for January 25, 2022 at 8:00 a.m. Central Time to discuss the results and answer analysts' questions. Investors can access the earnings release via the company's investor relations website at ir.flexsteel.com.
Flexsteel, one of the largest furniture manufacturers in the U.S., offers a wide range of products, including sofas, chairs, and bedroom furniture.
Flexsteel Industries, Inc. (NASDAQ:FLXS) has appointed M. Scott Culbreth as an independent director, effective December 21, 2021. Culbreth brings extensive experience in finance and management from sectors like consumer goods and automotive. Previously CEO at American Woodmark, he has held key positions at Shell and Robert Bosch Corporation. Flexsteel's leadership expresses confidence in his ability to enhance organizational growth and shareholder value, highlighting his skills in finance and innovation.
Flexsteel Industries (NASDAQ: FLXS) reports strong sales growth for the fiscal second quarter of 2022, raising revenue guidance to $137-$143 million, marking a year-over-year increase of 17.5%. However, supply chain disruptions are leading to unforeseen ancillary costs, expected to exceed $10 million in Q2, resulting in an anticipated operating loss. Despite these challenges, CEO Jerry Dittmer expresses confidence in the company’s long-term growth strategy, projecting a return to profitability in the latter half of fiscal 2022.
Flexsteel Industries, Inc. (NASDAQ:FLXS) declared a quarterly dividend of $0.15 per share, payable on January 3, 2022, to shareholders of record as of December 22, 2021. This marks the 320th consecutive quarterly cash dividend that the company has paid since 1938, highlighting its commitment to returning value to shareholders. Flexsteel is a major player in the U.S. furniture market, providing a diverse range of products from sofas to dining tables. The company's longevity in dividend payments reflects its strength and stability in the market.
Flexsteel Industries, Inc. (NASDAQ:FLXS) reported strong financial results for the first quarter of fiscal 2022, with net sales increasing by 30.8% to $137.7 million, compared to $105.2 million in the prior year. The company announced a net income of $4.35 million or $0.61 per diluted share, up from $3.89 million or $0.49 in the same quarter last year. Despite these gains, gross margins fell to 17.0% from 21.7%, primarily due to ongoing supply chain challenges and increased costs. Flexsteel plans to expand capacity to meet growing demand and address inventory levels.
Flexsteel Industries, Inc. (NASDAQ:FLXS) announced it will release its first quarter 2022 financial results on October 25, 2021, post-market. A conference call is scheduled for October 26, 2021, at 8:00 a.m. Central Time to discuss these results. Investors can access the earnings release via the company’s investor relations website at ir.flexsteel.com. Flexsteel is a leading manufacturer and online marketer of furniture in the U.S., offering a diverse range of products including sofas, chairs, and tables.
Flexsteel Industries, Inc. (NASDAQ:FLXS) announced a quarterly dividend of $0.15 per share, payable on October 4, 2021, to shareholders of record as of September 22, 2021. This marks the 319th consecutive quarterly cash dividend, highlighting the company's long-standing commitment to returning value to shareholders since 1938. Flexsteel, a major player in the U.S. furniture industry, manufactures and markets a vast range of products including sofas and chairs, primarily through eCommerce and direct sales channels.