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Flexsteel (FLXS)
NASDAQ:FLXS
Earnings Data
Report Date
May 05, 2025TBA Not Confirmed
Period Ending
2025 (Q3)Consensus EPS Forecast
0.88Last Year’s EPS
0.67Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 03, 2025
|% Change Since: 0.15%
|Next Earnings Date:May 05, 2025
Earnings Call Sentiment|Positive
Flexsteel Industries demonstrated strong financial performance with significant sales growth and operating margin improvement. However, the potential impact of new tariffs and challenges in the Homestyles brand present notable risks. Overall, the positive aspects of the company's performance outweigh the concerns, indicating a cautiously optimistic outlook.Company Guidance
During the Flexsteel Industries Second Quarter Fiscal Year 2025 Earnings Call, the company reported a notable sales growth of 8.4% compared to the prior year quarter, exceeding their guidance range of $103 million to $107 million, with net sales reaching $108.5 million. Their adjusted operating margin improved to 6.1%, up from 4.6% in the previous year, marking the sixth consecutive quarter of year-over-year adjusted operating margin growth. The company achieved a GAAP operating income of $11.7 million, or 10.7% of sales, and generated $6.7 million in operating cash flow, ending the quarter debt-free with a cash balance of $11.8 million. For the upcoming third quarter, Flexsteel anticipates net sales between $110 million and $115 million, projecting an operating margin of 6.0% to 7.0% and free cash flow in the range of $4 million to $7 million, excluding potential tariff impacts. The company remains cautiously optimistic about its growth prospects despite potential economic disruptions from tariffs and policy changes.Sales Growth and Revenue Achievement
Flexsteel Industries reported an 8.4% increase in sales compared to the prior year quarter, marking the fifth consecutive quarter of year-over-year growth. Net sales were $108.5 million, exceeding the high end of the guidance range.
Operating Margin Improvement
The company achieved a 6.1% operating margin in the quarter, a 150 basis point increase from the prior year quarter, driven by sales growth leverage and cost savings initiatives.
Debt-Free Status
Flexsteel ended the quarter debt-free, generating $6.7 million of operating cash flow and accumulating a cash balance of $11.8 million.
Broad-Based Growth
The company's growth was broad-based, with significant contributions from new and expanded market initiatives, including Zecliner, Flex, Charisma, and Big Box sales distribution.
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FLXS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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FLXS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 03, 2025 | $48.20 | $63.05 | +30.81% |
| Oct 21, 2024 | $42.47 | $54.94 | +29.36% |
| Aug 19, 2024 | $38.64 | $37.76 | -2.28% |
| Apr 29, 2024 | $38.57 | $32.57 | -15.56% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Flexsteel (FLXS) report earnings?
Flexsteel (FLXS) is schdueled to report earning on May 05, 2025, TBA Not Confirmed.
What is Flexsteel (FLXS) earnings time?
Flexsteel (FLXS) earnings time is at May 05, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is FLXS EPS forecast?
FLXS EPS forecast for the fiscal quarter 2025 (Q3) is 0.88.
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