Flexsteel Industries Inc appointed Dr. Anand S. Kangala to its Board of Directors as a Class I director effective September 10, 2026. He will serve on the Audit and Ethics Committee and receive an annual retainer of $75,000 plus quarterly stock grants valued at $26,250 and a committee-specific retainer of $7,500. Dr. Kangala is currently Chief Digital and Technology Officer at Trex Company, Inc., bringing expertise in digital transformation and AI to support the company's strategic priorities. Flexsteel Industries Inc operates as one of the largest manufacturers, importers, and marketers of residential furniture products in the United States.

Flexsteel Industries reported fourth quarter and fiscal year 2026 results on August 17, 2026. Fourth-quarter net sales rose 0.7% to $115.4 million, while full-year sales increased 4.1% to $459.2 million. GAAP diluted earnings per share reached $2.58 for the quarter and $6.07 for the year, up from $1.89 and $3.55 respectively in the prior period. The company generated $24.3 million in operating cash flow during the quarter and completed $62.6 million in share repurchases. Management highlighted a 25 percent dividend increase and strong adjusted operating margins of 7.1% for the quarter and 7.5% for the year, despite macroeconomic headwinds. Flexsteel Industries is one of the largest manufacturers, importers, and marketers of residential furniture products in the United States.