Flexsteel Industries, Inc. Reports Fiscal Third Quarter 2021 Results

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Go back to Flexsteel Industries, Inc. Reports Fiscal Third Quarter 2021 Results

Flexsteel (FLXS) Reports Q3 EPS of $0.72 on Revenues of $118.4M

April 26, 2021 4:28 PM EDT

Flexsteel (NASDAQ: FLXS) reported Q3 EPS of $0.72, versus ($0.16) reported last year. Revenue for the quarter came in at $118.4 million, versus $98.8 million reported last year.

Highlights for the Third Quarter Ended March 31, 2021

Net sales increased 19.8% to $118.4 million compared to $98.8 million in the prior year quarterOrganic net sales1, excluding discontinued Vehicle Seating and Hospitality product lines, increased by 32.9%Record retail home furnishings backlog of $140 million as of March 31, 2021, up 314% versus prior year driven by strong year-over-year order growth of 131% in the third quarterGross margin increased to 19.5% compared to... More