Lauren Brenzy has been appointed as Senior Brand Marketing Manager for Flexsteel Industries to ensure a strong market position and meet established growth objectives across all channels.
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.
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 decreased 29.5% to $99.1 million compared to $140.4 million in the prior-year quarter.
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.
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, today reported third quarter fiscal year 2023 financial results.
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.”
Investing.com – Flexsteel (NASDAQ: FLXS) reported second quarter EPS of $0.08, $0.05 better than the analyst estimate of $0.03. Revenue for the quarter came in at $93.14M versus the consensus estimate of $89.53M.
Flexsteel’s stock price closed at $19.10. It is up 27.33% in the last 3 months and down -15.78% in the last 12 months.
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.
LAS VEGAS —Flexsteel Inds. will be making its return to Las Vegas Market this month. The company has signed a four-year lease, showing a committed return to exhibiting at the Las Vegas Market.
“We’ve gone through a transformation and are investing in the retail channel,” said David Crimmins, vice president of sales. “The best place to engage is at market. Supporting our West Coast retailers is a big piece of that. We’re bullish with new products and new offerings for West Coast market.”
As part of a larger effort to position its operations for future growth, Flexsteel Industries, the nearly 130-year-old residential furniture manufacturer recently announced significant organizational changes implemented to help the company and its employees remain agile and responsive to ever changing market conditions.
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