Flexsteel (FLXS) Misses Q1 EPS by 11c
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Flexsteel Industries, Inc. Reports Fiscal First Quarter 2024 Results
October 31, 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 first quarter fiscal 2024 results.
Key Results for the First Quarter Ended September 30, 2023
Net sales for the quarter of $94.6 million compared to $95.7 million in the prior year quarter, a decrease of (1.1%). Gross margin increased to 19.5% for the first quarter compared to 16.0% in the prior year quarter. GAAP operating income of $1.9 million or 2.0%... More