FLEXSTEEL INDUSTRIES INC (FLXS) Form 8-K — Oct 26, 2026
$FLXSForm 8-KItems 2.02, 7.01, 9.01Filed Oct 26, 2026, 4:42 PM ET0001193125-26-432068Original filing
Flexsteel Industries (FLXS) reported fiscal Q1 2027 net sales of $114.0 million, up 3.2% year over year, marking its twelfth consecutive quarter of growth, with Flexsteel branded sales up 5.1%. Profitability declined: GAAP operating income fell to $6.9 million (6.0% margin) from $9.0 million (8.1%), and diluted EPS came in at $1.24 versus $1.31 a year ago, pressured by a 70 bps peso FX headwind, doubled ocean freight rates, and higher fuel and material costs.
Key figures
- Eps
- 1.24
- Revenue
- 114000000
- Guidance
- Q2 FY27 sales of $119.5-$123.0 million (1%-4% growth; 3.5%-6.5% ex-homestyles exit) with GAAP operating margin of 6.5%-7.0%
- Net Income
- 5400000
- Revenue Yoy
- 3.2%
- Total Assets
- 242509000
- Cash Position
- 4400000
- Shares Outstanding
- 4,122,000 basic weighted average
- Capex
- $1.0 million
- Gross margin
- 22.0% vs 23.5% prior year
- Orders growth
- 5%
- Backlog growth
- 8.2%
- Dividends paid
- $1.1 million
- Prior year eps
- 1.31
- Working capital
- $80.5 million
- Operating income
- $6.9 million vs $9.0 million prior year
- Operating margin
- 6.0%
- Share repurchases
- $2.2 million
- Prior year net income
- $7.3 million
- Homestyles sales decline
- -57.6%
- Line of credit availability
- $29.1 million
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