FLXS
Flexsteel Industries, Inc.42.40
-0.11-0.26%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
226.43MP/E (TTM)
10.29Basic EPS (TTM)
4.12Dividend Yield
0.02%Recent Filings
8-K
8-K
10-K
FY2025 results
Flexsteel Industries posted FY2025 net sales of $441.1 million, up 6.9% y/y, fueled by soft seating volume gains that offset homestyles declines, while gross margins expanded to 22.2% from 21.1% via supply chain efficiencies and fixed-cost leverage. Q4 sales hit $114.6 million, accelerating from Q3's $114.0 million (derived), with operating income surging to $14.0 million after a $14.1 million Mexicali lease impairment in Q3; yet Q4 momentum shone through $3.7 million gains on ancillary asset sales. Key drivers included portfolio management and cost savings, though trade policy shifts dented Mexico operations. Liquidity strengthened with $40.0 million cash and no revolver debt, bolstered by $37.0 million operating cash flow; capex held at $3.3 million annually, dividends rose to $0.71/share, and the $30 million buyback remains untapped. For FY2026, Flexsteel eyes supply chain resilience and growth investments without specific quarterly guidance. Tariffs on Vietnam imports pose risks to quarterly cost structures.
8-K
Strong FY25 earnings growth
Flexsteel Industries reported fiscal 2025 results with net sales up 6.9% to $441.1 million and record adjusted diluted EPS of $4.17, fueled by seven straight quarters of growth amid industry headwinds. Operating margins expanded to 7.1% adjusted, boosted by productivity and a $3.7 million gain from selling an ancillary building, while generating $45.3 million in free cash flow to build $40 million cash reserves. Tariffs pose a major risk to demand and margins. Q1 2026 guidance projects 1-6% sales growth.
8-K
Credit line reduced to $55M
Flexsteel Industries slashed its revolving credit line to $55 million via a third amendment to its credit agreement with Wells Fargo on June 3, 2025, tweaking thresholds tied to availability. The move aligns borrowing with current needs, while no amounts were outstanding. This tightens covenant triggers, signaling prudent liquidity management amid steady operations.
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