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Last $39.39 USD
Change Today -0.62 / -1.55%
Volume 27.7K
FLXS On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 2:34 PM 07/29/15 All times are local (Market data is delayed by at least 15 minutes).

flexsteel inds (FLXS) Snapshot

Open
$39.09
Previous Close
$40.01
Day High
$39.71
Day Low
$38.76
52 Week High
06/19/15 - $46.10
52 Week Low
01/7/15 - $28.56
Market Cap
293.1M
Average Volume 10 Days
35.7K
EPS TTM
$2.89
Shares Outstanding
7.4M
EX-Date
06/17/15
P/E TM
13.6x
Dividend
$0.72
Dividend Yield
1.84%
Current Stock Chart for FLEXSTEEL INDS (FLXS)

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flexsteel inds (FLXS) Details

Flexsteel Industries, Inc., together with its subsidiaries, manufactures, imports, and markets residential and commercial upholstered and wood furniture products in the United States. It provides sofas, loveseats, chairs, reclining and rocker-reclining chairs, swivel rockers, sofa beds, convertible bedding units, occasional tables, desks, dining tables and chairs, and bedroom furniture products for use in home, office, hotel, healthcare, and other commercial applications. The company distributes its products through its sales force and independent representatives. Flexsteel Industries, Inc. was founded in 1929 and is based in Dubuque, Iowa.

1,350 Employees
Last Reported Date: 08/28/14
Founded in 1929

flexsteel inds (FLXS) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $660.0K
Chief Financial Officer, Senior Vice Presiden...
Total Annual Compensation: $300.0K
Senior Vice President of Strategic Growth
Total Annual Compensation: $300.0K
Senior Vice President of Corporate Services a...
Total Annual Compensation: $291.0K
Compensation as of Fiscal Year 2014.

flexsteel inds (FLXS) Key Developments

Flexsteel Industries, Inc. Enters into Amendments to Revolving Credit Line with Wells Fargo Bank N.A.; Announces Retirement of James R. Richardson as Senior Vice President of Sales and Marketing – Home Furnishings

On June 29, 2015, Flexsteel Industries Inc. entered into amendments to its revolving credit line with Wells Fargo Bank N.A. The borrowing availability was decreased from $65 million to $30 million. The credit facility will be used for the company’s working capital needs. At June 30, 2015, $10.6 million was outstanding under this credit facility, which includes $2.9 million of letters of credit outstanding. On June 30, 2015, James R. Richardson retired as Senior Vice President of Sales and Marketing – Home Furnishings. Mr. Richardson will continue supporting the company by serving as a Director on the Board.

Flexsteel Industries, Inc. Declares Quarterly Dividend Payable on July 2, 2015

The Board of Directors of Flexsteel Industries Inc. declared a quarterly dividend of $0.18 per share, payable on July 2, 2015 to shareholders of record as of June 19, 2015.

Flexsteel Industries Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended March 31, 2015; Provides Capital Expenditures Guidance for the Remainder of Fiscal 2015

Flexsteel Industries Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended March 31, 2015. For the quarter, the company reported net sales of $122,530,000 against $110,532,000 a year ago. Operating income was $11,209,000 against $6,589,000 a year ago. Income before income taxes was $11,286,000 against $7,060,000 a year ago. Net income was $6,956,000 or $0.90 per diluted share against $4,420,000 or $0.58 per diluted share a year ago. Adjusted net income was $6.7 million against $4.3 million a year ago. Adjusted diluted EPS of common stock was $0.88 against $0.56 a year ago. The West coast port congestion, while improving, is still negatively impacting the company’s performance. For the nine months, the company reported net sales of $345,581,000 against $327,414,000 a year ago. Operating income was $25,840,000 against $13,484,000 a year ago. Income before income taxes was $26,588,000 against $14,878,000 a year ago. Net income was $16,518,000 or $2.15 per diluted share against $9,358,000 or $1.24 per diluted share a year ago. Net cash provided by operating activities was $6,065,000 against $11,585,000 a year ago. Capital expenditures were $33,752,000 against $3,830,000 a year ago. Adjusted net income was $16.5 million against $13.1 million a year ago, increased 26.0% primarily driven by improved margin. Adjusted diluted EPS of common stock was $2.15 against $1.74 a year ago. The company provided capital expenditures guidance for the remainder of fiscal 2015. Other operating capital expenditures are estimated to be $1.5 million for the remainder of fiscal 2015.

 

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FLXS Competitors

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Company Last Change
Bassett Furniture Industries Inc $32.73 USD -0.75
Haverty Furniture Cos Inc $22.75 USD +0.295
Hooker Furniture Corp $24.52 USD -0.16
Natuzzi SpA $2.14 USD 0.00
Virco Manufacturing Corp $2.74 USD -0.01
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Industry Analysis

FLXS

Industry Average

Valuation FLXS Industry Range
Price/Earnings 13.5x
Price/Sales 0.6x
Price/Book 1.6x
Price/Cash Flow 13.2x
TEV/Sales 0.6x
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