Flexsteel hits target with $93.14 million net sales in second quarter 2023

DUBUQUE, Iowa — Flexsteel Inds. reported second quarter 2023 (ending Dec. 31, 2022) revenues of $93.14 million besting analyst estimates of $89.53 million but still coming in at a a decrease of 34.3% from $141.7 million in the prior-year quarter.

The company’s earnings per share was 8 cents per share, 5 cents better than analyst estimates.

Jerry Dittmer, president and CEO, said, “While many furniture manufacturers are scaling back investments and resources in response to uncertain business conditions across the industry, we are making judicious investments to support our long-term strategic growth plans.”

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