Flexsteel Industries Provides Update On Restructuring Plans [Reuters]
Flexsteel Industries, Inc. (FLXS)
US:NASDAQ Investor Relations:
flexsteel.com/content/investors
Company Research
Source: Reuters
Flexsteel Industries Inc (FLXS.OQ) Key Developments | Reuters.com June 18 (Reuters) - Flexsteel Industries Inc ::FLEXSTEEL INDUSTRIES, INC. PROVIDES UPDATE ON RESTRUCTURING PLANS.FLEXSTEEL INDUSTRIES - EXPECTS TO INCUR PRE-TAX RESTRUCTURING AND RELATED EXPENSES OF APPROXIMATELY $48 MILLION TO $53 MILLION OVER THIS TWO-YEAR TIMEFRAME.FLEXSTEEL ANNOUNCED ITS PLAN TO TAKE ACTION ON SEVERAL KEY INITIATIVES OVER NEXT TWO YEARS.COMPANY EXPECTS TO GENERATE $45 MILLION TO $55 MILLION IN CASH DEPENDENT UPON MARKET CONDITIONS AT TIME OF SALE.COMPANY PLANS TO LIST SEVERAL PROPERTIES FOR SALE WHEN FOOTPRINT OPTIMIZATION IS COMPLETED.FLEXSTEEL- SEES LOWER EMPLOYEE-RELATED COSTS, IMPROVED EFFICIENCIES TO RESULT IN ANNUALIZED, ON-GOING COST SAVINGS OF $27 MILLION-$32 MILLION ON RUN RATE BASIS BY 2021.FLEXSTEEL INDUSTRIES-ACTIONS TO INCLUDE OPTIMIZING SG&A EXPENSES, RIGHT SIZING MANUFACTURING FOOTPRINT, STREAMLINING SUPPLY CHAIN, MONETIZING SOME ASSETS.FLEXSTEEL INDUSTRIES - WHEN PROPERTIES ARE SOLD,
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News
- Flexsteel Industries, Inc. (NASDAQ: FLXS) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- Flexsteel Industries, Inc. to Announce Third Quarter 2024 Results on April 29 [Yahoo! Finance]Yahoo! Finance
- Flexsteel Industries, Inc. to Announce Third Quarter 2024 Results on April 29Business Wire
- Flexsteel Industries, Inc. (NASDAQ: FLXS) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- Strength Seen in Flexsteel (FLXS): Can Its 6.8% Jump Turn into More Strength? [Yahoo! Finance]Yahoo! Finance
FLXS
Earnings
- 2/5/24 - In-Line
FLXS
Analyst Actions
- 2/6/24 - TheStreet
FLXS
Sec Filings
- 4/18/24 - Form 8-K
- 3/11/24 - Form 4
- 3/11/24 - Form 4
- FLXS's page on the SEC website