Flexsteel Industries (FLXS) Pressured Following Q4 Results, Outlook

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Go back to Flexsteel Industries (FLXS) Pressured Following Q4 Results, Outlook

Flexsteel Reports Strong Financial Results

August 18, 2015 6:25 PM EDT

DUBUQUE, Iowa--(BUSINESS WIRE)-- Flexsteel Industries, Inc. (NASDAQ: FLXS) today reported record fiscal year end net sales and net income.

Fiscal Year End Financial Highlights:

Net sales increased 6.5% to $467 million. Net sales increased for sixth consecutive year. Adjusted net income increased 21.0% to $22 million, or 4.8% of net sales, primarily driven by top-line growth and improved margin.

For additional information regarding adjusted net income and adjusted earnings per share (non-GAAP measures), please refer to the reconciliation and other information included... More