Flexsteel (FLXS) Misses Q4 EPS by 2c

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Go back to Flexsteel (FLXS) Misses Q4 EPS by 2c

Flexsteel Industries, Inc. Reports Fiscal Fourth Quarter and Full Year 2022 Results

August 22, 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 marketers of residential furniture products in the United States, today reported fourth quarter and full-year fiscal 2022 results.

Key Results for the Fourth Quarter and Full Year Ended June 30, 2022

Net sales for the quarter decreased by 8.6% to $124.5 million compared to $136.2 million in the prior years quarter. For the year, net sales increased 13.6% to $544.3 million compared to $478.9 million in the prior year. Gross margin decreased to 14.2%... More