FLEXSTEEL INDUSTRIES INC

Flexsteel Industries announced its first quarter fiscal 2027 results, reporting a 3.2% increase in net sales to $114.0 million, driven by growth in its core Flexsteel brand. However, GAAP operating income and net income per diluted share declined compared to the prior year, impacted by foreign currency translation and inflationary pressures. The company is continuing its exit from the Homestyles ready-to-assemble category, which significantly reduced sales in that segment. Flexsteel also announced its financial outlook for the second quarter of fiscal 2027, expecting continued sales growth.

Flexsteel Industries, Inc. announced a privately negotiated agreement to repurchase approximately 1.28 million shares of its common stock from members of the Bertsch family for $60.2 million. The repurchase price of $47.00 per share represents a 2.5% discount to the closing share price on April 24, 2026, and the shares account for about 24% of outstanding common stock. The transaction, funded by cash and credit facility borrowings, aligns with the company's capital allocation strategy. Additionally, Brooks Bertsch will resign from the Board of Directors upon the transaction's closing.

FLEXSTEEL INDUSTRIES INC. filed its Form 10-Q for the quarterly period ended March 31, 2026, on April 22, 2026. The report includes the company's unaudited consolidated financial statements, such as balance sheets, income statements, and cash flow statements, for the specified periods. As of the filing date, the company reported 5,355,531 shares of common stock outstanding.

Flexsteel Industries, Inc. announced its operating results for the third quarter ended March 31, 2026, through a press release issued on April 20, 2026. The company will host a conference call and webcast on Tuesday, April 21, 2026, at 8:00 a.m. Central Time to discuss these results and engage in a question-and-answer session with analysts and investors. An archived version of the webcast and a recorded replay will be available for those unable to attend the live call.