Flexsteel Industries (FLXS) Misses Q3 EPS by 6c

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Go back to Flexsteel Industries (FLXS) Misses Q3 EPS by 6c

Flexsteel Announces Third Quarter Results

April 20, 2015 7:24 PM EDT

DUBUQUE, Iowa--(BUSINESS WIRE)-- Flexsteel Industries, Inc. (NASDAQ: FLXS) today reported record third quarter and nine month net sales and net income.

Third Quarter Financial Highlights:

Net sales increased 10.9% to $122.5 million. Adjusted net income increased 55.8% to $6.7 million.

Nine Month Financial Highlights:

Net sales increased 5.5% to $345.6 million. Adjusted net income increased 26.0% to $16.5 million, or 4.8% of net sales, primarily driven by improved margin.

For additional information regarding adjusted net income and adjusted earnings per share (non-GAAP... More