Flexsteel Industries Q2 Sales Fell 8.5 Percent To $118.4 Mln [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 Feb 4 (Reuters) - Flexsteel Industries Inc ::FLEXSTEEL INDUSTRIES, INC. REPORTS SECOND QUARTER RESULTS.Q2 SALES FELL 8.5 PERCENT TO $118.4 MILLION.Q2 EARNINGS PER SHARE $0.20.FLEXSTEEL - WORKED TO CUT CHINESE SOURCED PRODUCT COSTS TO MITIGATE SIZE OF SELL PRICE INCREASES PASSED THROUGH DURING TARIFF IMPLEMENTATION IN SEPT 2018."THERE HAS BEEN AN ADVERSE IMPACT ON ORDER RATES DUE TO CURRENT TARIFF LEVEL AS SOME RETAILERS HAVE ALTERED BUYING PATTERNS".ANTICIPATES ADDITIONAL VOLUME DECLINES IF TARIFF IS ESCALATED TO 25% IN MARCH 2019.FLEXSTEEL - IN PREPARATION FOR POTENTIAL 25% TARIFF, CO IS WORKING ON SUPPLY CHAIN REALIGNMENT TO PROVIDE COST REDUCTIONS AND MITIGATE PRICE INCREASES.FLEXSTEEL - "INABILITY TO REDUCE CHINESE SOURCED PRODUCT COSTS OR PASS THROUGH PRICING TO MITIGATE TARIFFS POSES SIGNIFICANT RISK TO CURRENT AND FUTURE EARNINGS".FLEXSTEEL INDUSTRIES- DEPENDING ON LEVEL OF PRICE INCREASE AT WHOLESALE THERE COULD
Show less
Read more
Impact Snapshot
Event Time:
FLXS
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
---|---|---|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
Last Price | ||
VWAP | ||
High:
|
Max Up |
High:
|
Low:
|
Max Down |
Low:
|
%
|
Post news range |
%
|
|
Price change |
|
|
Price Change Percentage |
|
|
S&P 500 (SPX) |
|
%
|
Volume ratio |
%
|
Volume | ||
Ticks | ||
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
FLXS alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
FLXS alerts
High impacting Flexsteel Industries, Inc. news events
Weekly update
A roundup of the hottest topics
FLXS
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