Entries by jsa

STEELCASE INC : Costs Associated with Exit or Disposal Activities, Regulation FD Disclosure (form 8-K)

Thursday, 4 May, 2023 /0 Comments/in , /by

Item 2.05. Costs Associated with Exit or Disposal Activities. On May 3, 2023, in response to persisting inflationary pressures and decreasing plant utilization in Europe, the Middle East and Africa (“EMEA”), the Board of Directors of Steelcase Inc. (the “Company”) approved plans for workforce reductions in France. These plans involve the reduction of approximately 40 to 50 salaried roles. The Company expects to incur […]

Bankrupt Office Interiors of Virginia fielding suitors, shows nearly $4M in debt

Wednesday, 3 May, 2023 /0 Comments/in , /by

A clearer picture of the financial state of the recently bankrupt Office Interiors of Virginia is coming into focus. New filings in the Henrico-based company’s Chapter 11 bankruptcy reorganization proceedings, which began April 16, show the 35-year-old office furnishings firm has assets of $1.8 million and $3.84 million in liabilities, $2 million of which is […]

La-Z-Boy Declares Quarterly Dividend

Tuesday, 2 May, 2023 /0 Comments/in , /by

MONROE, Mich., May 02, 2023 (GLOBE NEWSWIRE) — Directors of La-Z-Boy Incorporated (NYSE: LZB), a global leader in residential furniture, declared a quarterly cash dividend on the company’s common stock of $0.1815 per share. The dividend is payable June 15, 2023 to shareholders of record as of June 2, 2023.

Flexsteel quarterly net sales decrease by 29.5%

Tuesday, 2 May, 2023 /0 Comments/in , /by

DUBUQUE, Iowa — Flexsteel says it faced and continues to face “many consumer and macroeconomic headwinds” that led to a decrease in third quarter fiscal year 2023 financial results ended March 31, 2023. Flexsteel ranked #28 in the FDMC 300 list of top woodworking companies in North American with $544.3 million in sales. Net sales for the quarter […]

La-Z-Boy Declares Quarterly Dividend

Tuesday, 2 May, 2023 /0 Comments/in , /by

MONROE, Mich., May 02, 2023 (GLOBE NEWSWIRE) — Directors of La-Z-Boy Incorporated (NYSE: LZB), a global leader in residential furniture, declared a quarterly cash dividend on the company’s common stock of $0.1815 per share. The dividend is payable June 15, 2023 to shareholders of record as of June 2, 2023.

Facing macroeconomic headwinds, Flexsteel sales decline 29.5% from prior year quarter

Tuesday, 2 May, 2023 /0 Comments/in , /by

DUBUQUE, Iowa – Flexsteel Inds. reported third quarter fiscal year 2023 financial results that showed net sales decreased 29.5% to $99.1 million compared with $140.4 million in the prior year quarter, in line with guidance provided previously. “Despite the market challenges, we delivered net sales for the third quarter of $99.1 million, representing sequential quarter-over-quarter growth […]