Flexsteel Industries, Inc. Reports Strong Fiscal Third Quarter 2024 Results: 8% Sales Growth, Improved Operating Margin, Continued Debt Reduction [Yahoo! Finance]
Flexsteel Industries, Inc. (FLXS)
US:NASDAQ Investor Relations:
flexsteel.com/content/investors
Company Research
Source: Yahoo! Finance
manufacturers, importers, and marketers of residential furniture products in the United States, today reported third quarter fiscal 2024 results. Key Results for the Third Quarter Ended March 31, 2024 Strong sales growth of 8.2%. Net sales for the quarter of $107.2 million compared to $99.1 million in the prior year quarter. Robust sales orders of $111.5 million representing growth of $12.2M, or 12.3%, compared to the prior year quarter. Significant gross margin expansion to 21.7% compared to 18.8% in the prior year quarter. GAAP operating income of $3.0 million or 2.8% of net sales compared to $2.1 million or 2.1% of net sales in the prior year quarter. Adjusted operating income of $5.6 million or 5.2% of net sales for the third quarter compared to $2.1 million or 2.1% of net sales in the prior year quarter. GAAP net income per diluted share of $0.33 for the current quarter compared to net income per diluted share of $0.28 in the prior year quarter. Adjusted net incom
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FLXS
News
- Flexsteel Industries, Inc. (NASDAQ: FLXS) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- A flurry of executive changes at Flexsteel, Norwalk, Flos and more [Yahoo! Finance]Yahoo! Finance
- Flexsteel Industries, Inc. to Present at Sidoti Virtual Investor Conference [Yahoo! Finance]Yahoo! Finance
- Flexsteel Industries, Inc. to Present at Sidoti Virtual Investor ConferenceBusiness Wire
- Flexsteel Industries, Inc. (NASDAQ:FLXS) Q3 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
FLXS
Earnings
- 4/29/24 - Beat
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