Flexsteel (FLXS) Tops Q3 EPS by 31c

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Go back to Flexsteel (FLXS) Tops Q3 EPS by 31c

Flexsteel Industries, Inc. Reports Fiscal Third Quarter 2022 Results

April 25, 2022 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 third-quarter fiscal 2022 financial results.

Key Results for the Third Quarter Ended March 31, 2022

Net sales for the quarter increased 18.6% to $140.4 million compared to $118.4 million in the prior-year quarter. Operating cash flow for the quarter of $37.1 million. Reduction of bank borrowings of $18.1 million. Share repurchases of $18.3 million, or a reduction of 13.7% of... More