Flexsteel (FLXS) Reports Q3 EPS of $0.96
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Flexsteel Reports Third Quarter Results
April 20, 2017 6:15 PM EDTDUBUQUE, 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 $ Â (3.2 ) -3.0 % Contract 18.2 19.6 Â (1.4 ) -7.1 % Total $... More