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Flexsteel (FLXS)
NASDAQ:FLXS
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Earnings Data
Report Date
Jan 27, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
$0.74Last Year’s EPS
$0.57Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 21, 2024
|% Change Since: 36.85%
|Next Earnings Date:Jan 27, 2025
Earnings Call Sentiment|Positive
Flexsteel Industries demonstrated strong financial performance with notable sales growth and profitability improvements, despite ongoing challenges in consumer demand and a decline in specific e-commerce segments. The company's strategic investments in new products and market expansions are driving positive momentum.Company Guidance
During the Q1 2025 earnings call for Flexsteel Industries, the executives shared optimistic guidance based on recent performance metrics and anticipated future growth. The company achieved net sales of $104 million, marking a 9.9% increase from the prior year, and operating income of $6 million, or 5.8% of sales, near the high end of their guidance range. Flexsteel's operating margin improved significantly, rising to 5.8% from 2% in the previous year. The company projected second-quarter sales between $103 million and $107 million, with expected gross margins of 21.5% to 22%. They anticipated continued profitability improvements driven by sales growth leverage, cost savings initiatives, and a profitable new product mix. Additionally, Flexsteel forecasted free cash flow between $5 million and $10 million and aimed to be debt-free by the end of the next quarter. The executives expressed confidence in their diversified growth initiatives and maintained a positive outlook for sustained growth and profitability for the remainder of fiscal year 2025.Strong Sales Growth
Flexsteel Industries delivered roughly 10% sales growth in the first quarter, marking the fourth consecutive quarter of mid-single to low double-digit year-over-year growth.
Operating Margin Improvement
Operating margin improved to 5.8% in the quarter, up from 2% in the prior year quarter, representing the fifth consecutive quarter of year-over-year adjusted operating margin improvement.
Positive Free Cash Flow
The company generated $2.4 million of operating cash flow in the quarter, driven by higher profit and effective working capital management.
Record Year for New Product Activations
Flexsteel is introducing 27 new product groups and 10 line extensions, comprising 237 unique SKUs, making calendar 2024 a record year for new product activations.
Expansion in E-commerce and Big Box Channels
Flexsteel's big box and e-commerce business for its Flexsteel brand was up 10% year-over-year, demonstrating growth in this segment.
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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 |
|---|---|---|---|
| Oct 21, 2024 | $42.60 | $55.10 | +29.34% |
| Aug 19, 2024 | $38.75 | $37.87 | -2.27% |
| Apr 29, 2024 | $38.69 | $32.67 | -15.56% |
| Feb 05, 2024 | $27.44 | $29.59 | +7.84% |
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 Jan 27, 2025, TBA Not Confirmed.
What is Flexsteel (FLXS) earnings time?
Flexsteel (FLXS) earnings time is at Jan 27, 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 (Q2) is $0.74.
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