Flexsteel Industries to repurchase 1.28M shares at $47.00 per share

Flexsteel Industries (FLXS) entered into an agreement to repurchase approximately 1.28M shares of its common stock at $47.00 per share from certain members of the Bertsch family, one of the Company’s founding families, in a privately negotiated transaction. The shares to be repurchased represent approximately 24% of the Company’s outstanding common stock for an aggregate purchase price of approximately $60.2M. The purchase price represents a 2.5% discount to the closing share price on April 24, 2026. The transaction will be funded through a combination of existing cash and borrowings under the Company’s revolving credit facility and is scheduled to close on April 28, 2026. Following the transaction, the Company expects to maintain a strong balance sheet and liquidity position.