Posts

Flexsteel Industries (FLXS) Surpasses Q2 Earnings and Revenue Estimates

6 February, 2023

Flexsteel Industries (FLXS) came out with quarterly earnings of $0.08 per share, beating the Zacks Consensus Estimate of $0.01 per share. This compares to loss of $1.05 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of 700%. A quarter ago, it was expected that this furniture maker would post a loss of $0.25 per share when it actually produced earnings of $0.09, delivering a surprise of 136%.

Flexsteel answers the ‘Voice of the Customer’ with big retail push

25 January, 2023

DUBUQUE, Iowa — Flexsteel Industries recently announced several investments aimed at accelerating their growth within the independent retail channel.

“Flexsteel’s been around for almost 130 years, and the investments we’re making now will ensure our continued success moving forward, ” said Jerry Dittmer, Flexsteel president and CEO.

 

Flexsteel Industries, Inc. (NASDAQ:FLXS) Stock Position Lowered by Royce & Associates LP

26 January, 2023

Royce & Associates LP lessened its position in Flexsteel Industries, Inc. (NASDAQ:FLXS) by 56.6% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 69,000 shares of the company’s stock after selling 90,000 shares during the quarter. Royce & Associates LP owned approximately 1.30% of Flexsteel Industries worth $1,083,000 as of its most recent filing with the SEC.

 

 

 

 

 

Flexsteel Launches New Website with MicroD

Friday, 30 July, 2021

CHARLOTTE, N.C. – July 26, 2021 – MicroD, industry leader for furniture website technology, is thrilled to announce that Flexsteel’s new website and digital brand experience has been unveiled. Flexsteel has been an industry leader with its advancing product and approach to the retail channel and digital growth. The furnishings manufacturer aimed to reimagine its existing website to offer more capabilities and compelling content that connects its retailers and consumers for a superior website experience.

Despite stronger sales, Flexsteel is impeded by foam, container shortage

Wednesday, 28 Apr, 2021

Furniture giant Flexsteel, number 28 on the FDMC 300, reported strong sales increases for the quarter ending March 31, 2021.

Net sales increased nearly 20 percent to $118.4 million compared to $98.8 million over the same period last year. Organic net sales, excluding its discontinued vehicle seating and hospitality lines, increased 32.9 percent. Gross margin increased to 19.5 percent over last year’s 14.0 percent. Record backlog growth of 131 percent was also seen.

 

Flexsteel opens new Innovation Center to focus on furniture design, collaboration

Friday, 23 April, 2021

A space in the Millwork District’s Schmid Innovation Center now houses a place for designers to collaborate on furniture designs.

Designers with Flexsteel Industries began working last week in the company’s new Innovation Center, 900 Jackson St., less than a mile from the company’s headquarters in the Port of Dubuque. The design team uses the space to test out furniture and design prototypes that meet current customer trends.

Former workers sue Flexsteel, claim denied severance pay

Sunday, 28 March, 2021

A group of former Flexsteel Industries employees is suing the company, alleging it used the pandemic to collect millions in federal aid while newly installed executives enriched themselves and denied severance pay to hundreds of laid-off, long-term workers.

The six plaintiffs, including three that worked in Dubuque, seek class-action status for their lawsuit, filed recently in federal court. They claim the Dubuque-headquartered company has violated the Iowa Wage Payment Collection Act, as well as the federal Worker Adjustment and Retraining Notification Act of 1988 and Employee Retirement Income Security Act of 1974.

Flexsteel Industries, Inc. (NASDAQ:FLXS) Investor Notice: Investigation Concerning Possible Wrongdoing

Monday, 01 February 2021

An investigation on behalf of investors in Flexsteel Industries, Inc. (NASDAQ:FLXS) shares over potential wrongdoing at Flexsteel Industries, Inc. was announced.

This press release was orginally distributed by SBWire

San Diego, CA — (SBWIRE) — 02/01/2021 — An investigation was announced over potential breaches of fiduciary duties by certain officers and directors at Flexsteel Industries, Inc.

Flexsteel Industries, Inc. to Announce Second Quarter 2021 Results on Monday, January 25

Tuesday, 11 January 2021

Conference call and webcast to be held on Tuesday, January 26, 2021

Flexsteel Industries, Inc. (NASDAQ:FLXS) (“Flexsteel” or the “Company”), one of the largest manufacturers, importers and online marketers of furniture products in the United States, announced today that it will issue its second quarter 2021 financial results after market close on Monday, January 25, 2021.