Trade Flexsteel Industries Inc - FLXS CFD

Flexsteel Company profile

About Flexsteel Industries, Inc.

Flexsteel Industries, Inc. is a manufacturer, importer and online marketers of residential furniture and products in the United States. The Company offers a range of variety of furniture such as sofas, loveseats, chairs, reclining and rocker-reclining chairs, swivel rockers, sofa beds, convertible bedding units, occasional tables, desks, dining tables and chairs and bedroom furniture. The Company's furniture products business involves the distribution of manufactured and imported products consisting of a range of furniture for residential and contract markets. The Company distributes its products throughout the United States through its e-commerce channel and dealer network. It operated manufacturing facilities located in Georgia and Juarez, Mexico.

Financial summary

BRIEF: For the six months ended 31 December 2021, Flexsteel Industries, Inc. revenues increased 25% to $279.4M. Net loss totaled $3.2M vs. income of $12.3M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net loss reflects (Gain) on disposal of assets due to rest decrease of 76% to $1.4M (income), SELLING, GENERAL AND ADMINISTRATIVE increase of 10% to $36.3M (expense).

Equity composition

Common Stock $1 Par, 03/11, 15M auth., 6,710,112 o/s. Insiders & Strategic Owns 16.65%. PO 11/69, 265,000 shares @$16.50 by Danin, Kalman & Quail. 12/87, 3-for-2 stock split. FY'00 Qs are reclass. FY'99-'01 fncls. are reclassified. FY'01-02 fncls. are reclassified.