Flexsteel (FLXS) Misses Q3 EPS by 32c

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Flexsteel Reports Third Quarter Results

April 19, 2016 6:55 PM EDT

DUBUQUE, Iowa--(BUSINESS WIRE)-- Flexsteel Industries, Inc. (NASDAQ: FLXS) today reported third quarter and fiscal year-to-date financial results.

Financial Highlights for the Quarter:

Net sales increased to a record $125.4 million, a 2.4% increase. Seventh consecutive quarter of record net sales. Adjusted net income of $5.3 million, 4.2% of net sales.

Financial Highlights for the Nine Months:

Net sales increased to a record $377.3 million, a 9.2% increase. Adjusted net income of $16.4 million, 4.3% of net sales.

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