Flexsteel Industries, Inc. ( (FLXS) ) has released its Q3 earnings. Here is a breakdown of the information Flexsteel Industries, Inc. presented to its investors.
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Flexsteel Industries, Inc. is a leading U.S. manufacturer, importer, and marketer of residential furniture, known for its unique steel drop-in seat springs. The company distributes its products nationwide through e-commerce and direct sales channels.
Flexsteel Industries, Inc. reported a strong fiscal third quarter for 2025, with a 6.3% increase in net sales compared to the previous year, marking the sixth consecutive quarter of sales growth. Despite a GAAP operating loss due to a significant impairment charge, the company achieved an adjusted operating income of $8.3 million, reflecting continued profitability improvements.
Key financial highlights include net sales of $114 million, an adjusted net income per diluted share of $1.13, and $12.3 million generated in cash from operations. The company also completed the sale of an ancillary building, contributing to its financial performance. However, a $14.1 million impairment charge related to its Mexicali facility impacted the GAAP results.
Looking ahead, Flexsteel anticipates a challenging economic environment due to potential tariff impacts and slower consumer demand. Nonetheless, the company remains focused on executing its growth strategies, maintaining strong supply chain agility, and continuing to deliver value to its customers.
Flexsteel’s management is cautiously optimistic about navigating the uncertain economic landscape, with plans to sustain sales growth and strengthen its competitive position in the market.