Recent Updates — FLXS

Flexsteel Industries reported first-quarter fiscal 2027 results with net sales increasing 3.2% to $114.0 million, driven by a $5.5 million growth in Flexsteel branded soft seating products that was partially offset by a $1.9 million decline in Homestyles ready-to-assemble products as the company exits that category. GAAP operating income decreased to $6.9 million from $9.0 million in the prior year period, resulting in diluted earnings per share of $1.24 compared to $1.31 previously. The company reported a gross margin of 22.0%, impacted by unfavorable foreign currency translation and inflationary pressures on energy prices. Management provided second-quarter fiscal 2027 guidance expecting sales growth of 1% to 4% and an operating margin between 6.5% and 7%. Flexsteel Industries is one of the largest manufacturers, importers, and marketers of residential furniture products in the United States.

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.