Flexsteel Industries, Inc. (FLXS) Income Statement Analysis

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Complete financial analysis of Flexsteel Industries, Inc. (FLXS) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Flexsteel Industries, Inc., a leading company in the Furnishings, Fixtures & Appliances industry within the Consumer Cyclical sector.

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Flexsteel Industries, Inc. (FLXS)

Industry: Furnishings, Fixtures & Appliances

Sector: Consumer Cyclical

Website: https://www.flexsteel.com

About Flexsteel Industries, Inc.

Flexsteel Industries, Inc., together with its subsidiaries, operates as a manufacturer, importer, and online marketer of upholstered and wooden furniture for residential and contract markets in the United States. It offers upholstered furniture, such as sofas, loveseats, chairs, reclining and rocker-reclining chairs, swivel rockers, sofa beds, convertible bedding units, occasional tables, desks, dining tables and chairs, and bedroom furniture. The company distributes its products through e-commerce channels and dealer network. Flexsteel Industries, Inc. was founded in 1893 and is based in Dubuque, Iowa.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991	1990	1989	1988	1987	1986
Revenue	412.75M	393.69M	544.28M	478.93M	366.93M	443.59M	489.18M	468.76M	500.11M	466.90M	438.54M	386.19M	352.09M	339.43M	326.47M	324.16M	405.65M	425.40M	426.41M	410.02M	401.22M	291.98M	279.67M	284.77M	286.86M	260.50M	236.10M	219.40M	205.00M	208.40M	195.40M	177.30M	157.90M	145.60M	173.50M	172.50M	165.30M	156.50M	138.60M
Cost of Revenue	325.51M	322.75M	471.60M	382.20M	313.87M	373.65M	390.96M	360.11M	386.41M	357.04M	338.28M	295.72M	266.81M	262.12M	251.69M	263.08M	327.17M	344.18M	345.07M	333.17M	318.05M	226.44M	218.15M	224.35M	217.13M	195.60M	179.90M	168.00M	156.90M	160.10M	147.60M	132.80M	118.90M	109.00M	126.40M	122.90M	115.40M	110.20M	100.40M
Gross Profit	87.24M	70.95M	72.68M	96.73M	53.05M	69.94M	98.22M	108.65M	113.70M	109.86M	100.26M	90.47M	85.28M	77.30M	74.78M	61.07M	78.49M	81.22M	81.34M	76.85M	83.17M	65.54M	61.52M	60.42M	69.73M	64.90M	56.20M	51.40M	48.10M	48.30M	47.80M	44.50M	39.00M	36.60M	47.10M	49.60M	49.90M	46.30M	38.20M
Gross Profit Ratio	21.14%	18.02%	13.35%	20.20%	14.46%	15.77%	20.08%	23.18%	22.73%	23.53%	22.86%	23.43%	24.22%	22.77%	22.91%	18.84%	19.35%	19.09%	19.08%	18.74%	20.73%	22.45%	22.00%	21.22%	24.31%	24.91%	23.80%	23.43%	23.46%	23.18%	24.46%	25.10%	24.70%	25.14%	27.15%	28.75%	30.19%	29.58%	27.56%
Research & Development	2.10M	2.10M	2.90M	1.90M	4.00M	4.40M	3.90M	3.70M	4.20M	4.10M	2.80M	2.50M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
General & Administrative	64.54M	57.75M	60.93M	64.08M	69.04M	77.00M	66.85M	65.26M	70.41M	68.79M	65.63M	64.60M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling & Marketing	5.90M	5.10M	5.80M	3.90M	3.40M	4.30M	5.10M	7.30M	7.50M	6.90M	6.10M	5.60M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SG&A	70.44M	62.85M	66.73M	67.98M	72.44M	81.30M	71.95M	72.56M	77.91M	75.69M	71.73M	70.20M	65.03M	61.44M	57.25M	63.35M	70.89M	70.90M	72.78M	68.60M	66.57M	52.66M	53.25M	53.88M	47.81M	44.20M	40.90M	38.40M	37.20M	36.70M	34.90M	32.70M	34.80M	31.40M	34.90M	35.20M	32.20M	30.10M	25.90M
Other Expenses	-2.38M	18.00K	121.00K	277.00K	720.00K	546.00K	621.00K	322.00K	-72.00K	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	1.00	0.00	0.00	0.00	0.00	0.00	5.49M	5.40M	5.40M	5.10M	4.60M	4.10M	3.50M	3.30M	3.40M	3.80M	3.90M	4.10M	4.10M	3.70M	3.10M
Operating Expenses	70.44M	63.19M	66.73M	67.98M	72.44M	81.30M	71.95M	72.56M	77.91M	75.69M	71.73M	70.20M	65.03M	61.44M	57.25M	63.35M	70.89M	66.52M	72.78M	67.79M	66.57M	52.26M	53.25M	53.88M	53.31M	49.60M	46.30M	43.50M	41.80M	40.80M	38.40M	36.00M	38.20M	35.20M	38.80M	39.30M	36.30M	33.80M	29.00M
Cost & Expenses	395.95M	385.94M	538.34M	450.17M	386.32M	454.95M	462.91M	432.68M	464.32M	432.73M	410.01M	365.92M	331.84M	323.56M	308.94M	326.43M	398.06M	410.70M	417.85M	400.96M	384.62M	278.69M	271.40M	278.23M	270.43M	245.20M	226.20M	211.50M	198.70M	200.90M	186.00M	168.80M	157.10M	144.20M	165.20M	162.20M	151.70M	144.00M	129.40M
Interest Income	0.00	1.34M	835.00K	10.00K	82.00K	0.00	0.00	0.00	0.00	1.27M	1.51M	610.00K	422.00K	343.00K	361.00K	661.06K	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Interest Expense	1.55M	1.34M	835.00K	10.00K	82.00K	63.05M	0.00	0.00	69.00K	130.00K	0.00	0.00	0.00	0.00	439.00K	968.76K	0.00	0.00	1.56M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Depreciation & Amortization	4.00M	4.57M	5.17M	5.21M	8.37M	7.44M	7.37M	7.94M	7.56M	4.95M	4.20M	3.80M	2.84M	2.69M	2.99M	3.73M	4.44M	5.27M	5.49M	5.79M	5.68M	4.77M	4.98M	5.73M	5.49M	5.40M	5.40M	5.10M	4.60M	4.10M	3.50M	3.30M	3.40M	3.80M	3.90M	4.10M	4.10M	3.70M	3.10M
EBITDA	21.10M	12.33M	11.12M	34.01M	-25.31M	-35.17M	33.64M	41.93M	43.14M	39.52M	32.03M	24.68M	23.08M	18.90M	20.88M	2.12M	12.03M	15.60M	14.05M	14.85M	22.28M	18.05M	13.25M	12.27M	23.17M	20.70M	15.30M	12.90M	10.80M	11.60M	12.90M	11.80M	4.20M	5.20M	12.20M	14.40M	17.70M	16.20M	12.30M
EBITDA Ratio	5.11%	3.14%	2.06%	7.15%	-2.81%	6.28%	7.24%	9.46%	8.65%	8.65%	8.89%	6.23%	6.56%	5.57%	6.39%	0.65%	2.97%	3.67%	3.29%	3.42%	5.55%	6.04%	4.74%	4.31%	7.21%	7.95%	5.63%	5.10%	4.83%	5.13%	6.09%	5.81%	1.33%	2.20%	5.94%	7.48%	9.92%	9.58%	7.79%
Operating Income	17.08M	10.54M	6.62M	31.20M	-19.39M	20.44M	24.51M	37.26M	38.07M	34.42M	22.29M	20.27M	20.25M	15.86M	17.53M	-2.27M	7.60M	14.70M	8.56M	9.07M	16.60M	13.28M	8.27M	6.54M	16.43M	15.30M	9.90M	7.90M	6.30M	7.50M	9.40M	8.50M	800.00K	1.40M	8.30M	10.30M	13.60M	12.50M	9.20M
Operating Income Ratio	4.14%	2.68%	1.22%	6.51%	-5.28%	4.61%	5.01%	7.95%	7.61%	7.37%	5.08%	5.25%	5.75%	4.67%	5.37%	-0.70%	1.87%	3.46%	2.01%	2.21%	4.14%	4.55%	2.96%	2.30%	5.73%	5.87%	4.19%	3.60%	3.07%	3.60%	4.81%	4.79%	0.51%	0.96%	4.78%	5.97%	8.23%	7.99%	6.64%
Total Other Income/Expenses	-1.53M	-1.32M	-714.00K	267.00K	638.00K	546.00K	621.00K	322.00K	-141.00K	1.14M	1.51M	610.00K	422.00K	343.00K	-78.00K	-2.86M	-999.54K	4.16M	-782.52K	447.27K	138.05K	957.00K	890.86K	731.46K	978.50K	900.00K	1.60M	1.50M	800.00K	600.00K	700.00K	1.20M	1.90M	1.70M	1.60M	900.00K	700.00K	300.00K	500.00K
Income Before Tax	15.55M	9.22M	5.90M	31.47M	-33.76M	-42.61M	25.13M	37.59M	37.93M	35.56M	23.80M	20.88M	20.67M	16.21M	17.45M	-2.58M	6.60M	14.48M	7.78M	8.70M	16.74M	14.24M	9.16M	7.27M	18.66M	16.20M	11.50M	9.40M	7.10M	8.10M	10.10M	9.70M	2.70M	3.10M	9.90M	11.20M	14.30M	12.80M	9.70M
Income Before Tax Ratio	3.77%	2.34%	1.08%	6.57%	-9.20%	-9.61%	5.14%	8.02%	7.58%	7.62%	5.43%	5.41%	5.87%	4.77%	5.35%	-0.80%	1.63%	3.40%	1.82%	2.12%	4.17%	4.88%	3.28%	2.55%	6.50%	6.22%	4.87%	4.28%	3.46%	3.89%	5.17%	5.47%	1.71%	2.13%	5.71%	6.49%	8.65%	8.18%	7.00%
Income Tax Expense	5.02M	-5.56M	4.05M	8.42M	-6.91M	-10.00M	7.46M	13.80M	13.69M	13.26M	8.81M	7.73M	7.60M	5.79M	6.65M	-1.07M	2.36M	5.15M	3.06M	2.66M	6.61M	5.95M	3.50M	2.68M	6.73M	5.90M	3.90M	3.40M	2.60M	2.90M	3.60M	3.50M	1.00M	1.20M	3.50M	4.20M	5.40M	6.10M	4.40M
Net Income	10.53M	14.78M	1.85M	23.05M	-26.84M	-32.61M	17.67M	23.79M	24.24M	22.30M	14.99M	13.15M	13.07M	10.42M	10.80M	-1.51M	4.24M	9.33M	4.72M	6.04M	10.13M	8.29M	5.66M	4.59M	11.93M	10.30M	7.60M	6.00M	4.50M	5.20M	6.80M	6.20M	1.70M	1.90M	6.40M	7.00M	8.90M	6.70M	5.30M
Net Income Ratio	2.55%	3.75%	0.34%	4.81%	-7.32%	-7.35%	3.61%	5.07%	4.85%	4.78%	3.42%	3.41%	3.71%	3.07%	3.31%	-0.47%	1.04%	2.19%	1.11%	1.47%	2.52%	2.84%	2.02%	1.61%	4.16%	3.95%	3.22%	2.73%	2.20%	2.50%	3.48%	3.50%	1.08%	1.30%	3.69%	4.06%	5.38%	4.28%	3.82%
EPS	2.04	2.83	0.29	3.20	-3.37	-4.13	2.25	3.06	3.19	3.00	2.07	1.87	1.93	1.56	1.63	-0.23	0.64	1.42	0.72	0.93	1.57	1.33	0.93	0.75	1.85	1.52	1.09	0.86	0.63	0.72	0.95	0.87	0.24	0.27	0.90	0.98	1.23	0.93	0.74
EPS Diluted	1.91	2.74	0.28	3.09	-3.37	-4.13	2.23	3.02	3.12	2.89	2.00	1.80	1.86	1.50	1.61	-0.23	0.64	1.42	0.72	0.92	1.55	1.30	0.92	0.74	1.82	1.50	1.08	0.86	0.63	0.72	0.94	0.87	0.24	0.27	0.90	0.98	1.23	0.93	0.74
Weighted Avg Shares Out	5.17M	5.23M	6.33M	7.20M	7.96M	7.89M	7.85M	7.78M	7.60M	7.42M	7.23M	7.04M	6.78M	6.69M	6.61M	6.58M	6.57M	6.57M	6.56M	6.53M	6.44M	6.26M	6.10M	6.11M	6.46M	6.77M	6.97M	6.98M	7.14M	7.18M	7.16M	7.13M	7.08M	7.04M	7.11M	7.14M	7.24M	7.20M	7.16M
Weighted Avg Shares Out (Dil)	5.52M	5.39M	6.50M	7.47M	7.96M	7.89M	7.92M	7.89M	7.77M	7.71M	7.51M	7.33M	7.01M	6.93M	6.70M	6.58M	6.61M	6.58M	6.58M	6.60M	6.53M	6.37M	6.16M	6.17M	6.56M	6.85M	7.04M	6.98M	7.14M	7.21M	7.23M	7.13M	7.08M	7.04M	7.11M	7.14M	7.24M	7.20M	7.16M

Are Consumer Discretionary Stocks Lagging Flexsteel Industries (FLXS) This Year?

February 9, 2024zacks.com

Here is how Flexsteel Industries (FLXS) and Liberty Media Corporation - Liberty Formula One Series A (FWONA) have performed compared to their sector so far this year.

Flexsteel Industries, Inc. (FLXS) Q2 2024 Earnings Call Transcript

February 6, 2024seekingalpha.com

Flexsteel Industries, Inc. (FLXS) Q2 2024 Earnings Call Transcript

Flexsteel Industries (FLXS) Matches Q2 Earnings Estimates

February 5, 2024zacks.com

Flexsteel Industries (FLXS) came out with quarterly earnings of $0.57 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.08 per share a year ago.

Flexsteel Industries, Inc. Reports Strong Fiscal Second Quarter 2024 Results and Announces Manufacturing Network Optimization Actions

February 5, 2024businesswire.com

DUBUQUE, 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 second quarter fiscal 2024 results and announced actions to optimize its...

Flexsteel Industries (FLXS) Earnings Expected to Grow: Should You Buy?

January 29, 2024zacks.com

Flexsteel (FLXS) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Why Flexsteel (FLXS) Stock Might be a Great Pick

January 25, 2024zacks.com

Flexsteel (FLXS) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.

Flexsteel Industries (FLXS) Just Flashed Golden Cross Signal: Do You Buy?

January 24, 2024zacks.com

Flexsteel Industries, Inc. (FLXS) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, FLXS's 50-day simple moving average crossed above its 200-day simple moving average, known as a "golden...

Flexsteel Industries: A Window Of Opportunity

January 19, 2024seekingalpha.com

Flexsteel manufactures and sells furniture, and has had quite a turbulent long-term earnings history. The company reported very strong Q2 results along with a great FY2024/FY2025 outlook. In addition, Flexsteel presented high ambitions for future growth. Although the long-term earnings...