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Flexsteel (FLXS) Q3 2026 Earnings Transcript [Globe and Mail, The (Toronto, Canada)]

Flexsteel Industries, Inc. (FLXS) 
US:NASDAQ Investor Relations: flexsteel.com/content/investors
President and Chief Executive Officer — Derek Schmidt Chief Financial Officer — Michael Ressler TAKEAWAYS Net Sales -- $115.1 million, up 1%, primarily reflecting pricing from tariff surcharges, offset by reduced unit volumes in made-to-order, ready-to-assemble, and case goods. GAAP Operating Income -- $8.2 million, or 7.1% of sales, compared to a GAAP operating loss of $5.1 million in the prior year due to a $14.1 million impairment charge partially offset by a $0.8 million building sale gain in the prior year. Adjusted Operating Margin -- 7.1%, a decrease of 20 basis points from the prior year's 7.3%, driven by higher SG&A investments in consumer insights, innovation, demand generation, and customer experience. Cash Position -- $57.3 million at quarter-end with no bank debt, indicating a strong liquidity profile. Working Capital -- $142.2 million, supporting ongoing operational flexibility. Cash Flow from Operations -- $22.1 million, mainly from a $14.5 million inve Show less Read more
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