Flexsteel Industries Inc
NASDAQ:FLXS
Income Statement
Earnings Waterfall
Flexsteel Industries Inc
Revenue
|
399.6m
USD
|
Cost of Revenue
|
-319.6m
USD
|
Gross Profit
|
80.1m
USD
|
Operating Expenses
|
-67.3m
USD
|
Operating Income
|
12.8m
USD
|
Other Expenses
|
2.8m
USD
|
Net Income
|
15.6m
USD
|
Income Statement
Flexsteel Industries Inc
Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
417
N/A
|
429
+3%
|
439
+2%
|
443
+1%
|
445
+0%
|
457
+3%
|
467
+2%
|
485
+4%
|
496
+2%
|
499
+1%
|
500
+0%
|
486
-3%
|
479
-1%
|
474
-1%
|
469
-1%
|
477
+2%
|
487
+2%
|
494
+1%
|
489
-1%
|
483
-1%
|
472
-2%
|
457
-3%
|
444
-3%
|
430
-3%
|
415
-4%
|
402
-3%
|
367
-9%
|
372
+1%
|
388
+4%
|
408
+5%
|
479
+18%
|
511
+7%
|
534
+4%
|
556
+4%
|
544
-2%
|
502
-8%
|
454
-10%
|
412
-9%
|
394
-5%
|
393
0%
|
400
+2%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(321)
|
(331)
|
(338)
|
(341)
|
(342)
|
(349)
|
(357)
|
(373)
|
(383)
|
(387)
|
(386)
|
(373)
|
(367)
|
(363)
|
(360)
|
(368)
|
(379)
|
(386)
|
(391)
|
(389)
|
(384)
|
(375)
|
(374)
|
(365)
|
(355)
|
(350)
|
(311)
|
(310)
|
(318)
|
(328)
|
(382)
|
(414)
|
(452)
|
(475)
|
(472)
|
(438)
|
(383)
|
(345)
|
(323)
|
(319)
|
(319)
|
|
Gross Profit |
96
N/A
|
99
+2%
|
100
+2%
|
102
+2%
|
103
+1%
|
108
+5%
|
110
+2%
|
112
+2%
|
113
+1%
|
112
-1%
|
114
+2%
|
112
-1%
|
111
-1%
|
111
0%
|
109
-2%
|
108
-1%
|
109
+1%
|
108
-1%
|
98
-9%
|
94
-4%
|
88
-6%
|
82
-7%
|
70
-14%
|
66
-6%
|
60
-8%
|
53
-12%
|
56
+7%
|
62
+10%
|
70
+13%
|
79
+13%
|
97
+22%
|
97
+1%
|
82
-15%
|
81
-1%
|
73
-11%
|
65
-11%
|
71
+10%
|
67
-5%
|
71
+5%
|
74
+4%
|
80
+8%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(69)
|
(70)
|
(70)
|
(71)
|
(72)
|
(73)
|
(75)
|
(75)
|
(75)
|
(74)
|
(77)
|
(78)
|
(77)
|
(77)
|
(72)
|
(72)
|
(73)
|
(79)
|
(76)
|
(78)
|
(77)
|
(77)
|
(81)
|
(79)
|
(77)
|
(75)
|
(70)
|
(66)
|
(67)
|
(63)
|
(68)
|
(73)
|
(71)
|
(71)
|
(67)
|
(63)
|
(58)
|
(58)
|
(61)
|
(62)
|
(67)
|
|
Selling, General & Administrative |
(69)
|
(70)
|
(67)
|
(71)
|
(73)
|
(73)
|
(71)
|
(75)
|
(75)
|
(74)
|
(73)
|
(78)
|
(77)
|
(77)
|
(69)
|
(72)
|
(73)
|
(75)
|
(68)
|
(74)
|
(74)
|
(77)
|
(77)
|
(79)
|
(77)
|
(75)
|
(66)
|
(66)
|
(67)
|
(63)
|
(66)
|
(73)
|
(71)
|
(71)
|
(64)
|
(63)
|
(60)
|
(60)
|
(61)
|
(65)
|
(67)
|
|
Research & Development |
0
|
0
|
(3)
|
0
|
0
|
0
|
(4)
|
0
|
0
|
0
|
(4)
|
0
|
0
|
0
|
(4)
|
0
|
0
|
0
|
(4)
|
0
|
0
|
0
|
(4)
|
0
|
0
|
0
|
(4)
|
0
|
0
|
0
|
(2)
|
0
|
0
|
0
|
(3)
|
0
|
0
|
0
|
(2)
|
0
|
0
|
|
Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(4)
|
(4)
|
(4)
|
(4)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
3
|
3
|
2
|
3
|
0
|
|
Operating Income |
28
N/A
|
29
+5%
|
31
+7%
|
32
+3%
|
31
-3%
|
35
+13%
|
35
N/A
|
37
+7%
|
38
+2%
|
38
+1%
|
36
-4%
|
35
-5%
|
35
+1%
|
35
-1%
|
36
+6%
|
36
N/A
|
36
-2%
|
29
-18%
|
23
-22%
|
16
-28%
|
11
-34%
|
5
-56%
|
(11)
N/A
|
(13)
-15%
|
(17)
-31%
|
(22)
-27%
|
(13)
+39%
|
(5)
+65%
|
3
N/A
|
16
+452%
|
29
+80%
|
25
-14%
|
11
-54%
|
10
-11%
|
6
-42%
|
2
-71%
|
14
+694%
|
10
-27%
|
11
+6%
|
12
+14%
|
13
+7%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
0
|
0
|
(0)
|
0
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
|
Non-Reccuring Items |
(9)
|
(9)
|
(8)
|
(8)
|
(1)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
2
|
2
|
2
|
3
|
1
|
3
|
3
|
2
|
2
|
0
|
0
|
(19)
|
(32)
|
(19)
|
(24)
|
(8)
|
(21)
|
(35)
|
(25)
|
(24)
|
2
|
4
|
(1)
|
0
|
1
|
(1)
|
0
|
0
|
0
|
0
|
0
|
|
Total Other Income |
1
|
2
|
2
|
2
|
1
|
1
|
1
|
1
|
1
|
0
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
0
|
1
|
1
|
1
|
1
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Pre-Tax Income |
20
N/A
|
22
+11%
|
24
+10%
|
26
+8%
|
31
+22%
|
36
+13%
|
36
+0%
|
37
+4%
|
38
+2%
|
38
0%
|
38
0%
|
36
-4%
|
36
N/A
|
37
+2%
|
38
+1%
|
40
+6%
|
39
-2%
|
32
-19%
|
25
-20%
|
17
-32%
|
11
-33%
|
(13)
N/A
|
(43)
-223%
|
(32)
+26%
|
(41)
-29%
|
(29)
+29%
|
(34)
-17%
|
(39)
-14%
|
(22)
+44%
|
(7)
+68%
|
32
N/A
|
29
-7%
|
10
-64%
|
10
-7%
|
6
-39%
|
0
-95%
|
13
+4 067%
|
9
-30%
|
9
+6%
|
10
+13%
|
11
+7%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(7)
|
(8)
|
(9)
|
(10)
|
(12)
|
(13)
|
(13)
|
(14)
|
(14)
|
(14)
|
(14)
|
(13)
|
(13)
|
(13)
|
(14)
|
(15)
|
(14)
|
(12)
|
(9)
|
(6)
|
(4)
|
2
|
10
|
7
|
9
|
8
|
7
|
6
|
3
|
(2)
|
(8)
|
(6)
|
(3)
|
(2)
|
(4)
|
(3)
|
(4)
|
(4)
|
6
|
5
|
4
|
|
Income from Continuing Operations |
12
|
14
|
15
|
16
|
20
|
22
|
22
|
23
|
24
|
24
|
24
|
23
|
23
|
24
|
24
|
25
|
25
|
20
|
16
|
11
|
8
|
(11)
|
(33)
|
(24)
|
(31)
|
(21)
|
(27)
|
(33)
|
(19)
|
(8)
|
23
|
24
|
8
|
8
|
2
|
(2)
|
8
|
4
|
15
|
15
|
16
|
|
Net Income (Common) |
12
N/A
|
14
+11%
|
15
+10%
|
16
+7%
|
20
+22%
|
22
+13%
|
22
+0%
|
23
+4%
|
24
+3%
|
24
0%
|
24
+1%
|
23
-4%
|
23
N/A
|
24
+3%
|
24
-1%
|
25
+6%
|
26
+3%
|
22
-17%
|
18
-18%
|
13
-28%
|
8
-36%
|
(11)
N/A
|
(33)
-210%
|
(24)
+25%
|
(31)
-29%
|
(21)
+33%
|
(27)
-28%
|
(33)
-21%
|
(19)
+43%
|
(8)
+55%
|
23
N/A
|
24
+3%
|
8
-68%
|
8
+5%
|
2
-76%
|
(2)
N/A
|
8
N/A
|
4
-46%
|
15
+236%
|
15
+4%
|
16
+1%
|
|
EPS (Diluted) |
1.64
N/A
|
1.76
+7%
|
2
+14%
|
2.09
+4%
|
2.54
+22%
|
2.88
+13%
|
2.89
+0%
|
2.99
+3%
|
3.07
+3%
|
3.06
0%
|
3.12
+2%
|
2.99
-4%
|
2.94
-2%
|
3.05
+4%
|
3.02
-1%
|
3.18
+5%
|
3.29
+3%
|
2.72
-17%
|
2.24
-18%
|
1.62
-28%
|
1.03
-36%
|
-1.32
N/A
|
-4.12
-212%
|
-2.96
+28%
|
-3.96
-34%
|
-2.62
+34%
|
-3.35
-28%
|
-4.11
-23%
|
-2.47
+40%
|
-1.15
+53%
|
3.06
N/A
|
3.32
+8%
|
1.13
-66%
|
1.23
+9%
|
0.28
-77%
|
-0.4
N/A
|
1.54
N/A
|
0.81
-47%
|
2.74
+238%
|
2.85
+4%
|
2.92
+2%
|