Flexsteel Industries, Inc. Provides Earnings Guidance for the Fourth Quarter Fiscal 2024 and for the Full Year Fiscal 2025
April 29, 2024 at 04:15 pm
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Flexsteel Industries, Inc. provided earnings guidance for the fourth quarter fiscal 2024 and for the full year fiscal 2025. For the quarter, the company expected sales to be $107 - 112 million, Sales Growth to be 1% to 6%, GAAP Operating Margin 3.5% to 4.3%.
For the fiscal 2025, the company expected sales to be $416 - 432 million, Sales Growth to be 2% to 6%, GAAP Operating Margin 5.5% to 6.5%.
Flexsteel Industries, Inc. is a manufacturer, importer, and marketer of residential furniture products in the United States. The Companyâs furniture products business involves the distribution of manufactured and imported products consisting of a broad line of furniture for the residential market. The Companyâs 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.
FLEXSTEEL INDUSTRIES, INC. 