Flexsteel (FLXS) Reports Q1 EPS of $0.80 on Revenues of $105.2M

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Go back to Flexsteel (FLXS) Reports Q1 EPS of $0.80 on Revenues of $105.2M

Flexsteel Industries, Inc. Reports Fiscal First Quarter 2021 Results and Announces New $30 Million Share Repurchase Program

October 26, 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 furniture products in the United States, today reported first quarter 2021 financial results.

Highlights for the First Quarter Ended September 30, 2020

Net sales increased 4.9% to $105.2 million compared to $100.3 million in the prior year quarter Organic net sales1, excluding discontinued Vehicle Seating and Hospitality product lines, increased by 17.9% Record level backlog of $89 million driven by strong year-over-year order growth of 60% in retail home... More