Flexsteel Amends Credit Agreement with Wells Fargo

Flexsteel ( (FLXS) ) has issued an update.

On June 3, 2025, Flexsteel Industries, Inc. amended its Credit Agreement with Wells Fargo Bank, reducing the maximum revolving line of credit to $55 million. This strategic move was made to better align with the company’s current and projected borrowing needs, with no outstanding amounts under the credit line as of the amendment date.

Spark’s Take on FLXS Stock

According to Spark, TipRanks’ AI Analyst, FLXS is a Outperform.

Flexsteel’s overall stock score is primarily driven by its strong financial position, characterized by a debt-free balance sheet and robust cash flow. The company’s valuation is reasonable, and recent corporate changes support strategic goals. However, technical analysis indicates bearish trends, and external risks such as tariffs and economic volatility present potential challenges.

To see Spark’s full report on FLXS stock, click here.

More about Flexsteel

Flexsteel Industries, Inc. operates in the furniture manufacturing industry, providing a range of residential and commercial furniture products. The company focuses on delivering high-quality and durable furniture solutions to its customers.

Average Trading Volume: 17,141

Technical Sentiment Signal: Sell

Current Market Cap: $161.2M

Learn more about FLXS stock on TipRanks’ Stock Analysis page.