Flexsteel (FLXS) Reports Q3 EPS of $0.96

Flexsteel Reports Third Quarter Results

April 20, 2017 6:15 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 were $120.8 million; and Net income was $7.6 million.

Financial Highlights for the Nine Months:

Net sales were $351.3 million; Net income was $17.8 million; Dividends paid were $4.5 million; and Ending cash balance was $37.6 million with no borrowings.

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

                2017 2016

$ Change

% Change Residential $ 102.6 $ 105.8 $   (3.2 ) -3.0 % Contract 18.2 19.6   (1.4 ) -7.1 % Total $... More