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Stock impact report

Flexsteel Industries, Inc. Reports Fiscal Third-Quarter Results and Announces Business Transformation Actions

Flexsteel Industries, Inc. (FLXS) 
US:NASDAQ Investor Relations: flexsteel.com/content/investors
Company Research Source: Business Wire
DUBUQUE, Iowa--(BUSINESS WIRE)--Flexsteel Industries, Inc. (NASDAQ:FLXS) (“Flexsteel” or the “Company”), one of the largest manufacturers, importers and online marketers of furniture products in the United States, today reported third quarter 2020 sales of $98.8 million and a net loss of $5.3 million. GAAP net loss per diluted share was ($0.66), compared to ($1.97) in the prior year quarter. Non-GAAP net income (loss) per diluted share was ($0.45), compared to $0.10 in the prior year. GAAP to non-GAAP reconciliations follow the financial statements in this press release.Operating ResultsNet sales for the quarters ended March 31, (in millions):              2020 2019 $ Change % ChangeResidential $88.5 $93.9 $(5.4) (5.7)% Show less Read more
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