Flexsteel Industries Inc (OQ:FLXS)
Business Focus: N/A
| Sector: Consumer Cyclicals | Industry: Home Furnishings |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 385 Bell St. DUBUQUE IA 52001 |
| Tel: | 1-563-5858116 |
| Website: | https://www.flexsteel.com |
| IR: | See website |
| Key People | ||
| Derek P. Schmidt President, Director | Jerald K. Dittmer Chief Executive Officer, Director | Michael J. Ressler Chief Financial Officer, Treasurer, Company Secretary |
| Michael Joseph McClaflin Chief Technology Officer, Chief Information Officer | David E. Crimmins Vice President of Sales and Product Development | Timothy P. Newlin Vice President - Business Development, Strategic |
| Business Overview |
| Flexsteel Industries, Inc. is a manufacturer, importer, and marketer of residential furniture products in the United States. The Company's furniture products business involves the distribution of manufactured and imported products consisting of a broad line of furniture for the residential market. The Company's product offerings include a variety of furniture, such as sofas, loveseats, chairs, reclining rocking chairs, swivel rockers, sofa beds, convertible bedding units, occasional tables, desks, dining tables and chairs, kitchen storage, bedroom furniture, and outdoor furniture. The Company distributes its products throughout the United States through its e-commerce channel and direct sales force. The Company operates manufacturing facilities located in Dublin, Georgia, and Juarez, Mexico. The Company utilizes various types of wood, fabric, leather, filling material, high carbon spring steel, bar and wire stock, polyurethane foam and other raw materials in manufacturing furniture. |
| Financial Overview |
| For the six months ended 31 December 2023, Flexsteel Industries Inc revenues increased 3% to $194.7M. Net income increased 21% to $3.8M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net income benefited from Other expense decrease from $347K (expense) to $0K, Other (income) expense decrease from $1K (expense) to $0K. Dividend per share remained flat at $0.30. |
| Employees: | 1,700 as of Jun 30, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $213.54M as of Dec 31, 2023 |
| Annual revenue (TTM): | $399.58M as of Dec 31, 2023 |
| EBITDA (TTM): | $17.05M as of Dec 31, 2023 |
| Net annual income (TTM): | $15.44M as of Dec 31, 2023 |
| Free cash flow (TTM): | $6.61M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $14.59M as of Dec 31, 2023 |
| Shares outstanding: | 5,150,222 as of Feb 7, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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