Flexsteel Industries, Inc. Reports Strong Fiscal Second Quarter 2024 Results and Announces Manufacturing Network Optimization Actions [Yahoo! Finance]
Flexsteel Industries, Inc. (FLXS)
US:NASDAQ Investor Relations:
flexsteel.com/content/investors
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Source: Yahoo! Finance
manufacturers, importers, and marketers of residential furniture products in the United States, today reported second quarter fiscal 2024 results and announced actions to optimize its North American manufacturing network. Key Results for the Second Quarter Ended December 31, 2023 Healthy sales growth of 7.5%. Net sales for the quarter of $100.1 million compared to $93.1 million in the prior year quarter. Robust sales orders of $104.8 million representing growth of $12.8M, or 13.9%, compared to prior year quarter. Significant gross margin improvement to 21.9% compared to 17.0% in the prior year quarter. Solid GAAP operating income of $4.6 million or 4.6% of net sales compared to $3.8 million or 4.0% of net sales in the prior year quarter. Non-GAAP operating income of $4.6 million or 4.6% of net sales for the second quarter compared to $1.0 million or 1.0% of net sales in the prior year quarter. GAAP net income per diluted share of $0.57 for the current quarter compared to
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News
- Is Flexsteel Industries (FLXS) Stock Outpacing Its Consumer Discretionary Peers This Year? [Yahoo! Finance]Yahoo! Finance
- 3 Reasons Why Flexsteel (FLXS) Is a Great Growth Stock [Yahoo! Finance]Yahoo! Finance
- Flexsteel (FLXS) Moves to Buy: Rationale Behind the Upgrade [Yahoo! Finance]Yahoo! Finance
- Should Value Investors Buy Flexsteel Industries (FLXS) Stock? [Yahoo! Finance]Yahoo! Finance
- Flexsteel Industries, Inc. (NASDAQ: FLXS) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
FLXS
Earnings
- 4/29/24 - Beat
FLXS
Analyst Actions
- 2/6/24 - TheStreet
FLXS
Sec Filings
- 5/1/24 - Form 10-Q
- 4/29/24 - Form 8-K
- 4/18/24 - Form 8-K
- FLXS's page on the SEC website