UPDATE: Flexsteel (FLXS) Reports Q4 Loss of $0.47 on Revenues of $64.81M

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Go back to UPDATE: Flexsteel (FLXS) Reports Q4 Loss of $0.47 on Revenues of $64.81M

Flexsteel Industries, Inc. Reports Fiscal Fourth Quarter and Full Year 2020 Results

August 24, 2020 4:10 PM EDT

DUBUQUE, Iowa--(BUSINESS WIRE)-- Flexsteel Industries, Inc. (NASDAQ: FLXS) (Flexsteel or the Company), one of the largest manufacturers, importers and online marketers of residential furniture and products in the United States, today reported fourth-quarter and full-year fiscal 2020 results. For the fourth quarter 2020, the Company reported net sales of $64.8 million and a net loss of $25.7 million. GAAP net loss per diluted share was ($3.23), compared to ($2.52) in the prior year quarter. Non-GAAP adjusted net income (loss) per diluted share was ($0.47), compared to ($0.54) in the prior year. GAAP to non-GAAP reconciliations follow the financial statements in this... More