Flexsteel Industries, Inc. ( (FLXS) ) has released its Q2 earnings. Here is a breakdown of the information Flexsteel Industries, Inc. presented to its investors.
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Flexsteel Industries, Inc. is one of the largest manufacturers, importers, and marketers of residential furniture products in the United States, known for its innovative steel drop-in seat spring technology.
In its fiscal second quarter of 2025, Flexsteel Industries reported robust financial results, highlighting an 8.4% increase in net sales compared to the previous year, marking the fifth consecutive quarter of sales growth.
The company achieved a GAAP operating income of $11.7 million, significantly up from $4.6 million in the prior year. This was bolstered by a $5 million gain from the sale of a facility in Georgia. Adjusted net income per diluted share rose to $0.95 from $0.57, showing improved profitability. Moreover, Flexsteel generated $6.7 million in cash from operations and cleared all outstanding credit line borrowings, demonstrating solid financial management.
Looking ahead, Flexsteel’s management expressed optimism about industry demand trends and announced an increase in sales guidance for fiscal 2025, despite potential challenges from new tariffs on Mexico and Canada. The company is actively planning to mitigate these risks and remains focused on maintaining growth momentum and profitability.
