Flexsteel Industries Inc
NASDAQ:FLXS
Flexsteel Industries Inc
Flexsteel Industries, Inc. engages in the manufacturing, import and marketing of residential and commercial upholstered and wood furniture products. The company is headquartered in Dubuque, Iowa and currently employs 665 full-time employees. The firm offers a range of variety of furniture such as sofas, loveseats, chairs, reclining and rocker-reclining chairs, swivel rockers, sofa beds, convertible bedding units, occasional tables, desks, dining tables and chairs and bedroom furniture. The firm's furniture products business involves the distribution of manufactured and imported products consisting of a range of furniture for residential and contract markets. The firm distributes its products throughout the United States through its e-commerce channel and dealer network. The company operated manufacturing facilities located in Georgia and Juarez, Mexico.
Flexsteel Industries, Inc. engages in the manufacturing, import and marketing of residential and commercial upholstered and wood furniture products. The company is headquartered in Dubuque, Iowa and currently employs 665 full-time employees. The firm offers a range of variety of furniture such as sofas, loveseats, chairs, reclining and rocker-reclining chairs, swivel rockers, sofa beds, convertible bedding units, occasional tables, desks, dining tables and chairs and bedroom furniture. The firm's furniture products business involves the distribution of manufactured and imported products consisting of a range of furniture for residential and contract markets. The firm distributes its products throughout the United States through its e-commerce channel and dealer network. The company operated manufacturing facilities located in Georgia and Juarez, Mexico.
Sales Growth: Flexsteel reported net sales of $118.2 million for the quarter, up 9% year-over-year, marking its ninth consecutive quarter of sales growth.
Profitability: Operating income rose to $9.0 million (7.6% of sales), with margin improvement driven by sales mix, cost discipline, and pricing actions.
Tariff Impact: Tariff costs were largely offset in the quarter through pricing and cost savings, but management expects some margin dilution in the second half as higher-cost inventory flows through.
New Products: New products made up 30% to 40% of sales, with a strong pipeline expected to drive future growth.
Strategic Accounts: Growth with key large retailers continues, and management sees further room for share gains.
Outlook: The company is not providing formal guidance due to demand and tariff uncertainty, but remains confident in its ability to manage challenges and invest for long-term growth.
