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Flexsteel (FLXS)
NASDAQ:FLXS
Earnings Data
Report Date
May 04, 2026After Close (Confirmed)
Period Ending
2026 (Q3)Consensus EPS Forecast
0.8Last Year’s EPS
1.13Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call communicated strong operational and financial momentum: solid 9% sales growth, meaningful operating income and margin improvement (+150 bps), healthy liquidity (no debt and $36.8M cash), and a substantial contribution from new products (30%–40% of sales). These positives are tempered by significant category weakness (homestyles down ~50%), softness in made-to-order seating, elevated inventory and working capital from tariffs and safety stock, and an expected margin dilution in the second half as higher-cost, tariff-burdened inventory is sold. Management emphasized discipline, cost actions and supply-chain initiatives to mitigate tariff impacts but paused forward guidance given uncertainty.Company Guidance
Year-over-Year Sales Growth
Net sales of $118.2 million, up 9% year-over-year (prior year quarter $108.5 million); marks ninth consecutive quarter of year-over-year sales growth.
Improved Profitability and Operating Margin
GAAP operating income of $9.0 million, representing an operating margin of 7.6%; operating income increased 35% versus adjusted prior-year operating income and operating margin improved by 150 basis points versus prior-year adjusted margin (6.1% adjusted).
New Products Driving Meaningful Sales
New product introductions continue to be a substantial growth driver, accounting for roughly 30%–40% of overall sales over the past 6–8 quarters, supporting share gains and retailer adoption.
Tariff Recovery in Quarter via Pricing and Cost Actions
Tariff-related surcharges contributed approximately $9.5 million to revenue in the quarter, and management indicated the quarter's tariff impact was largely mitigated through pricing actions and cost-savings initiatives.
Strong Balance Sheet and Liquidity
Cash balance of $36.8 million, working capital of $126 million and no bank debt at quarter end, providing financial flexibility amid uncertainty.
Sales Order Backlog
Sales order backlog of $82.4 million at quarter end (includes estimated tariff surcharges), providing forward visibility into demand.
Operational Discipline and Structural Margin Gains
Management highlights ongoing productivity improvements, cost discipline, and portfolio management that are described as increasingly structural and expected to support mid-term margin offset actions.
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
FLXS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 02, 2026 | $41.66 | $43.17 | +3.62% |
Oct 21, 2025 | $36.31 | $35.26 | -2.89% |
Aug 18, 2025 | $36.22 | $41.06 | +13.36% |
Apr 21, 2025 | $31.48 | $35.34 | +12.26% |
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.
FAQ
When does Flexsteel (FLXS) report earnings?
Flexsteel (FLXS) is schdueled to report earning on May 04, 2026, After Close (Confirmed).
What is Flexsteel (FLXS) earnings time?
Flexsteel (FLXS) earnings time is at May 04, 2026, After Close (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 2026 (Q3) is 0.8.