Flexsteel Industries, Inc., operating alongside its subsidiaries, manufactures, imports, and markets upholstered and wooden furniture both online and through traditional channels. Their offerings, serving both home and commercial clients across the United States, include a wide range of products such as sofas, loveseats, various chairs (including recliners, rocker-recliners, and swivel options), sofa beds, and convertible bedding units. Beyond seating, they also provide occasional tables, desks, dining sets, and bedroom furnishings. The company distributes its products through its e-commerce presence and a network of dealers. Flexsteel Industries, Inc. was established in 1893 and is based in Dubuque, Iowa.
Flexsteel Industries, Inc. Reports Fourth Quarter and Fiscal Year 2026 Results; Continued Net Sales Growth and Record Diluted Earnings Per Share
Flexsteel reported fiscal 2026 net sales of $459.2 million, up 4.1% year-over-year, with GAAP diluted EPS reaching a record $6.07.
The company generated more than $47.5 million in free cash flow, which supported approximately $64 million in share repurchases during the year and a recent 25% dividend increase.
Looking to the first quarter of fiscal 2027, management expects sales growth of 1% to 4% and an operating margin between 6.5% and 7%.