FLEXSTEEL INDUSTRIES INC (FLXS) Form 10-K — Aug 19, 2026

$FLXSForm 10-KFiled Aug 19, 2026, 5:03 PM ET0001193125-26-357097Original filing

Flexsteel's fiscal 2026 annual report shows net sales of $459.2 million, up 4.1% from $441.1 million, with net income jumping 64% to $33.1 million and diluted EPS of $6.07 versus $3.55 a year earlier. Gross margin expanded 250 basis points to 24.7%, though roughly 200 points of that came from one-time IEEPA tariff refunds. Capital allocation dominated the year: the company spent $63.7 million on buybacks, including a $60.2 million privately negotiated repurchase of 1,279,870 shares at $47.00 each from a board member and the director's immediate family.

Key figures

Eps: 6.07
Revenue: 459178000
Net Income: 33128000
Revenue Yoy: 4.1%
Cash Position: 16678000
Shares Outstanding: 4091741
Gross Margin: 24.7% vs 22.2% prior year (+250bps)
Dividends Paid: $4.4 million
Working Capital: $82.7 million vs $110.4 million prior year
Customer Backlog: $70.1 million vs $66.5 million prior year
Effective Tax Rate: 24.4%
New Credit Facility: $30.0 million secured revolver
Operating Cash Flow: $51.5 million
Prior Year Net Income: $20.2 million
Capital Expenditures: $3.9 million
Prior Year Diluted EPS: 3.55
Related Party Buyback: $60.2 million for 1,279,870 shares at $47.00/share
Total FY2026 Buybacks: $63.7 million
Non Affiliate Market Value: $193,381,286 (Dec 31, 2025)

Price after filing

1 day: +2.4%7 days: +4.6%30 days: +1.7%

Close on the filing date to close N calendar days later (from $78.17). Historical, not a forecast.

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