Flexsteel (FLXS) Tops Q3 EPS by 6c
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Flexsteel Industries, Inc. Reports Fiscal Third Quarter 2023 Results
May 1, 2023 4:10 PM EDTDUBUQUE, 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 third quarter fiscal year 2023 financial results.
Key Results from the Third Quarter Ended March 31, 2023
Net sales for the quarter decreased 29.5% to $99.1 million compared to $140.4 million in the prior-year quarter. Gross margin increased to 18.8% for the quarter compared to 15.7% in the prior-year quarter. GAAP operating income of $2.1 million for the quarter compared to $5.8 million in... More