Flexsteel Industries (FLXS) Reports Q2 Earnings of $0.42; Sees Modest H212 Growth
Flexsteel Industries (NASDAQ: FLXS) reported Q2 EPS of $0.42, versus $0.31 reported last year. Revenue for the quarter came in at $85 million, versus $82.8 million reported last year.
From the release: "The Company believes that top line growth will be modest through the second half of fiscal year 2012. Our business continues to be adversely impacted by macroeconomic conditions such as high unemployment, limited job growth and a depressed housing market resulting in low consumer confidence levels. We expect orders for residential seating products to continue to perform slightly above prior year levels. Our commercial office business has picked up modestly as we enter the second half of the fiscal year. The Company is expecting flat order trends for our vehicle and hospitality seating products for the remainder of the fiscal year."
For earnings history and earnings-related data on Flexsteel Industries (FLXS) click here.
From the release: "The Company believes that top line growth will be modest through the second half of fiscal year 2012. Our business continues to be adversely impacted by macroeconomic conditions such as high unemployment, limited job growth and a depressed housing market resulting in low consumer confidence levels. We expect orders for residential seating products to continue to perform slightly above prior year levels. Our commercial office business has picked up modestly as we enter the second half of the fiscal year. The Company is expecting flat order trends for our vehicle and hospitality seating products for the remainder of the fiscal year."
For earnings history and earnings-related data on Flexsteel Industries (FLXS) click here.