Flexsteel (FLXS) Tops Q4 EPS by 1c
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Flexsteel Industries, Inc. Reports Fiscal Fourth Quarter and Full Year 2023 Results
August 21, 2023 4:10 PM EDTDUBUQUE, Iowa--(BUSINESS WIRE)-- Flexsteel Industries, Inc. (NASDAQ: FLXS) (Flexsteel or the Company), one of the largest manufacturers, importers, and marketers of residential furniture products in the United States, today reported fourth quarter and full-year fiscal 2023 results.
Key Results for the Fourth Quarter and Full Year Ended June 30, 2023
Net sales for the quarter decreased (15.0%) to $105.8 million compared to $124.5 million in the prior year quarter. For the year, net sales decreased (27.7%) to $393.7 million compared to $544.3 million in the prior year. Fourth quarter net sales grew 6.8% sequentially compared to $99.1 million in... More