Flexsteel (FLXS) Tops Q2 EPS by 7c

Flexsteel Reports Second Quarter Results

February 4, 2016 6:50 PM EST

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

Financial Highlights for the Quarter:

Net sales increased 9.6% to $125 million. Net income increased 14.6% to $5.4 million, 4.3% of net sales.

Financial Highlights for the Six Months:

Net sales increased 12.9% to $252 million. Net income increased 16.4% to $11.1 million, 4.4% of net sales.

The following table compares net sales for the quarters ended December 31, (in millions):

    2015     2014    

$ Change

    % Change Residential $ 105.8 $ 94.8 $ 11.0 11.6% Commercial 19.6 19.6 0.0 0.0% Total $ 125.4 $ 114.4 $ 11.0 9.6%... More