DUBUQUE, Iowa – Flexsteel has announced a restructuring of its leadership team, including naming a new president and chief financial officer. Jerry Dittmer, previously president and CEO, remains CEO.

Filling Dittmer’s role of president is Derek Schmidt, who previously worked as the company’s chief operating officer for a little less than two years. Before that, he was chief financial officer for another two years. Prior to Flexsteel, he was senior vice president of Crescent Electric Supply Co. for two years and held executive management roles at office furniture supplier The Hon Co.

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DUBUQUE, Iowa – Although year-over-year sales were down sharply in Q4, improved operating margins helped push profit back into the black for Flexsteel Industries.

In the world of stock analysis, where predictions and speculations shape investment decisions, StockNews.com has shed light on the potential of Flexsteel Industries (NASDAQ:FLXS). The analysts at StockNews.com have recently initiated coverage on the company and have set a “strong-buy” rating on its stock.

Flexsteel Industries, a leading furniture manufacturer, made an admirable performance with its quarterly earnings results, which were announced on Monday, May 1st. Despite market expectations, the company surpassed analysts’ consensus estimates by reporting $0.28 earnings per share for the quarter. This impressive figure exceeded projections by $0.06.

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Cactus (NYSE:WHD) expected the acquisition of Flexsteel to be accretive in the first year, and the execs were more than right. The Q1 results were good enough but came with solid guidance for Q2, which is now improved. The company issued a new investor presentation outlining the company’s progress, and the progress is good.

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DUBUQUE, Iowa, April 17, 2023–(BUSINESS WIRE)–Flexsteel Industries, Inc. (NASDAQ:FLXS) (“Flexsteel” or the “Company”), one of the largest manufacturers, importers and marketers of residential furniture products in the United States, announced today that it will issue its third quarter 2023 financial results after market close on Monday, May 1, 2023.

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