Consistent Sales Growth
Flexsteel Industries, Inc. reported an eighth consecutive quarter of year-over-year sales growth with a 6.2% increase in sales for the first quarter of fiscal year 2026.
Profitability Improvement
The operating margin increased to 8.1%, up 230 basis points from the previous year, marking the tenth consecutive quarter of year-over-year adjusted operating margin improvement.
Strong Product Innovation
Introduction of 26 new product groups and 226 unique SKUs, including the new sub-brand Pulse and the Zen series, aimed at enhancing consumer experience and capturing market share.
Healthy Financial Position
The company ended the quarter with a cash balance of $38.6 million and no bank debt, highlighting strong financial health and effective working capital management.