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FLXS

Flexsteel Industries, Inc.

FLXS

Flexsteel Industries, Inc. • NASDAQ
$39.53 ▲ 1.59% (+0.62)
Market Cap $208.52 M
52w High $65.87
52w Low $29.38
Dividend Yield 0.80%
P/E 9.59
Volume 26.22K
Outstanding Shares 5.28M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q1-2026 $109.603M ▼ $16.959M ▲ $6.491M ▼ 5.922% ▼ $1.38 ▼ $9.378M ▼
Q4-2025 $114.611M ▲ $13.462M ▼ $10.702M ▲ 9.338% ▲ $2.03 ▲ $15.139M ▲
Q3-2025 $113.972M ▲ $30.396M ▲ $-3.742M ▼ -3.283% ▼ $-0.71 ▼ $-4.034M ▼
Q2-2025 $108.483M ▲ $11.151M ▼ $9.054M ▲ 8.346% ▲ $1.73 ▲ $12.609M ▲
Q1-2025 $104.007M $16.321M $4.14M 3.981% $0.8 $6.976M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q1-2026 $38.585M ▼ $281.474M ▼ $109.29M ▼ $172.184M ▲
Q4-2025 $40.006M ▲ $282.486M ▲ $114.624M ▲ $167.862M ▲
Q3-2025 $22.634M ▲ $266.126M ▼ $108.007M ▼ $158.119M ▼
Q2-2025 $11.789M ▲ $271.547M ▲ $109.627M ▼ $161.92M ▲
Q1-2025 $5.74M $268.724M $114.021M $154.703M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q1-2026 $7.327M ▼ $4.114M ▼ $-1.357M ▼ $-4.178M ▼ $-1.421M ▼ $2.757M ▼
Q4-2025 $10.702M ▲ $15.626M ▲ $3.429M ▲ $-1.683M ▼ $17.372M ▲ $15.058M ▲
Q3-2025 $-3.742M ▼ $12.262M ▲ $-522K ▼ $-895K ▲ $10.845M ▲ $10.906M ▲
Q2-2025 $9.054M ▲ $6.693M ▲ $5.797M ▲ $-6.441M ▼ $6.049M ▲ $5.786M ▲
Q1-2025 $4.14M $2.398M $728K $-2.147M $979K $1.971M

Revenue by Products

Product Q1-2019Q2-2019Q3-2019Q4-2019
Contract Product
Contract Product
 $20.00M ▲$20.00M ▲$20.00M ▲$10.00M ▼
Residential
Residential
 $100.00M ▲$100.00M ▲$90.00M ▼$90.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Flexsteel’s sales have stabilized after earlier swings, with a clear recovery from the downturn a few years ago. Profitability has improved meaningfully, with margins trending higher and net income rebounding to some of the strongest levels in the last five years. The business moved from roughly break‑even performance earlier in the period to consistently profitable more recently. Overall, the income statement shows a company that has managed costs better, rebuilt earnings, and is now converting a reasonable share of sales into profit, though it remains exposed to ups and downs in consumer furniture demand.

Balance Sheet

Balance Sheet The balance sheet looks relatively conservative. Total assets have been steady, suggesting a stable operating footprint rather than aggressive expansion. Debt is present but not excessive and has come down from its peak, while shareholders’ equity has been rebuilding, which signals retained earnings and a stronger capital base. Cash on hand has increased recently from very low levels, improving liquidity and giving the company more flexibility to handle volatility in orders or invest selectively without overreliance on borrowing.

Cash Flow

Cash Flow Cash generation has moved in the right direction. A few years ago the company was burning cash, but operating cash flow has since turned solidly positive and has grown over time. Free cash flow has followed the same pattern, shifting from negative to consistently positive, helped by modest capital spending needs. This indicates that current earnings are largely backed by real cash, providing room for debt reduction, potential shareholder returns, or reinvestment, as long as underlying demand remains healthy.

Competitive Edge

Competitive Edge Flexsteel competes in a tough, cyclical furniture market, but has some notable advantages. Its long‑standing reputation for durability, anchored by the Blue Steel Spring technology, supports brand trust with both retailers and consumers. A broad distribution network across many independent retailers plus growing e‑commerce reach helps it maintain shelf space and visibility. At the same time, the industry is highly competitive, with pressure from lower‑cost imports and changing style preferences, so Flexsteel’s advantage depends on continuously refreshing designs, maintaining quality, and managing its supply chain better than peers.

Innovation and R&D

Innovation and R&D Innovation is clearly a strategic focus. The company is layering modern features—such as integrated power, charging, and wellness functions like heat and massage—onto its traditional strength in comfort and durability. New collections targeting wellness, modular living, outdoor furniture, and more contemporary, youth‑oriented designs show an effort to reach broader and younger customer segments. The shift toward more formal product development, patentable ideas, and branded initiatives like “Blue Ribbon” launches suggests a more disciplined approach to R&D. The key risk is execution: the company must ensure these new concepts resonate with consumers and do not overcomplicate operations or inventory.

Summary

Overall, Flexsteel looks like a mature furniture maker that has navigated a challenging few years and come out with stronger profitability, healthier cash flow, and a firmer balance sheet. Its edge is built on durable product engineering, brand reputation, and a wide distribution network, now being complemented by technology‑ and wellness‑focused innovations. The main uncertainties are the cyclical nature of furniture demand, intense competition, and the need to keep new designs and features aligned with evolving consumer tastes. If it can sustain its recent financial discipline while successfully executing its innovation agenda, it is positioned to remain a solid player in its niche of the furnishings market.

NEWS

October 20, 2025 · 7:00 PM UTC

Flexsteel Industries, Inc. Reports Strong Fiscal First Quarter 2026 Results

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October 9, 2025 · 4:10 PM UTC

Flexsteel Industries, Inc. Announces Change to Board of Directors

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October 6, 2025 · 8:00 AM UTC

Flexsteel Industries, Inc. to Announce First Quarter 2026 Results on October 20

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September 19, 2025 · 2:00 PM UTC

Flexsteel Industries, Inc. to Participate in the Lytham Partners Fall 2025 Investor Conference on September 30, 2025

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September 9, 2025 · 4:10 PM UTC

Flexsteel Industries, Inc. Announces Quarterly Dividend

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