Flexsteel Industries reported that to celebrate 130 years of innovation; it will feature three new product lines at the fall High Point Market: Zecliner, Flex, and Sky.

A company spokesperson noted that “since its founding in 1893, Flexsteel has consistently evolved and grown to meet the changing needs of consumers, establishing itself as a trusted name in furniture. We have continually offered cutting-edge features and materials by embracing technological advancements and investing in research and development. A hallmark of Flexsteel’s 130-year history was the development of the Blue Steel Spring™ in 1920, an instant brand staple.

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DUBUQUE, Iowa–(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 fourth quarter 2023 financial results after market close on Monday, August 21, 2023.

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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 of 6.4% compared with the second quarter of this year,” said Jerry Dittmer, CEO.

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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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Flexsteel Industries announced that it will return to Las Vegas this Winter Market. The company has signed a four-year lease, showing a committed return to exhibiting at the World Market Center Las Vegas.

“We continue to focus on growth and exceptional customer experience for our retailers,” said David Crimmins, Vice President of Sales and Product Management. “The best place to engage our retail partners is at Market and many of our West Coast retailers rely on Las Vegas Market. We are bullish with new products and offerings we are bringing to Las Vegas next week.”

In their new Las Vegas showroom, the company will highlight their new brand, Charisma, and Flexsteel collection introductions for the upcoming show, Jan. 29-31st.

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