Flexsteel Industries, Inc. announces an Equity Buyback for $30 million worth of its shares.
January 24, 2022 at 04:37 pm
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Flexsteel Industries, Inc. (NasdaqGS:FLXS) announces a share repurchase program. Under the program, the company will repurchase up to $30 million worth of its common stock. The program will expire on January 19, 2025.
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. 
