Flexsteel Industries, Inc. and Subsidiaries (the 'Company') is one of the largest manufacturers, importers and online marketers of furniture products in the United States. Product offerings include a wide variety of 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. A featured component in most of the upholstered furniture is a unique steel drop-in seat spring from which the name 'Flexsteel' is derived. The Company distributes its products throughout the United States through its eCommerce channel and direct sales force.
Company profile
Ticker
FLXS
Exchange
Website
CEO
Jerald K. Dittmer
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
IRS number
420442319
FLXS stock data
Latest filings (excl ownership)
10-Q
2023 Q2
Quarterly report
8 Feb 23
8-K
Flexsteel Industries, Inc. Reports Fiscal Second Quarter 2023 Results
6 Feb 23
S-8
Registration of securities for employees
27 Jan 23
8-K
Departure of Directors or Certain Officers
16 Dec 22
DEFA14A
Additional proxy soliciting materials
1 Nov 22
DEF 14A
Definitive proxy
1 Nov 22
10-Q
2023 Q1
Quarterly report
31 Oct 22
8-K
Regulation FD Disclosure
27 Oct 22
8-K
Flexsteel Industries, Inc. Reports Fiscal First Quarter 2023 Results
24 Oct 22
8-K
Flexsteel Announces Changes to Board of Directors
4 Oct 22
Transcripts
FLXS
Earnings call transcript
2023 Q2
7 Feb 23
FLXS
Earnings call transcript
2023 Q1
25 Oct 22
FLXS
Earnings call transcript
2022 Q4
23 Aug 22
FLXS
Earnings call transcript
2022 Q3
26 Apr 22
FLXS
Earnings call transcript
2022 Q2
25 Jan 22
FLXS
Earnings call transcript
2022 Q1
26 Oct 21
FLXS
Earnings call transcript
2021 Q4
24 Aug 21
FLXS
Earnings call transcript
2021 Q3
27 Apr 21
FLXS
Earnings call transcript
2021 Q2
26 Jan 21
FLXS
Earnings call transcript
2021 Q1
27 Oct 20
Latest ownership filings
4
Jeanne McGovern
13 Mar 23
4
Thomas M Levine
13 Mar 23
4
Matthew Kaness
13 Mar 23
4
Kathryn P Dickson
13 Mar 23
4
Michael Scott Culbreth
13 Mar 23
4
William S. Creekmuir
13 Mar 23
4
MARY C BOTTIE
13 Mar 23
SC 13G/A
Steven H. Bertsch Declaration of Trust dated November 6, 2020
14 Feb 23
SC 13G/A
Carolyn T. Bleile Declaration of Trust dated August 8, 2001
14 Feb 23
SC 13G/A
Jeffrey T. Bertsch Amended & Restated Trust Dtd 12/26/1987
14 Feb 23
Financial summary
| Quarter (USD) | Dec 22 | Sep 22 | Jun 22 | Mar 22 | |
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| Annual (USD) | Jun 22 | Jun 21 | Jun 20 | Jun 19 | |
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| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 1.77 mm | 1.77 mm | 1.77 mm | 1.77 mm | 1.77 mm | 1.77 mm |
| Cash burn (monthly) | 732.33 k | 192.75 k | (no burn) | (no burn) | (no burn) | (no burn) |
| Cash used (since last report) | 2.08 mm | 548.21 k | n/a | n/a | n/a | n/a |
| Cash remaining | -308.87 k | 1.23 mm | n/a | n/a | n/a | n/a |
| Runway (months of cash) | -0.4 | 6.4 | n/a | n/a | n/a | n/a |
Institutional ownership, Q4 2022
23.2% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 34 |
| Opened positions | 3 |
| Closed positions | 7 |
| Increased positions | 8 |
| Reduced positions | 13 |
| 13F shares | Current |
|---|---|
| Total value | 15.25 bn |
| Total shares | 2.58 mm |
| Total puts | 0.00 |
| Total calls | 0.00 |
| Total put/call ratio | – |
| Largest owners | Shares | Value |
|---|---|---|
| Dimensional Fund Advisors | 464.86 k | $7.16 mm |
| Carolyn T. Bleile Declaration of Trust dated August 8, 2001 | 329.63 k | $7.81 mm |
| Steven H. Bertsch Declaration of Trust dated November 6, 2020 | 310.18 k | $6.12 mm |
| Vanguard | 243.71 k | $3.75 bn |
| Punch & Associates Investment Management | 195.30 k | $3.01 bn |
| Jeffrey T. Bertsch Amended & Restated Trust Dtd 12/26/1987 | 181.89 k | $3.32 mm |
| Renaissance Technologies | 155.49 k | $2.40 mm |
| BLK Blackrock | 144.44 k | $2.22 bn |
| RBF Capital | 81.81 k | $1.26 bn |
| North Star Investment Management | 66.55 k | $1.02 bn |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 9 Mar 23 | Bottie Mary C | Common Stock | Grant | Acquire A | No | No | 0 | 1,138 | 0.00 | 24,758 |
| 9 Mar 23 | Culbreth Michael Scott | Common Stock | Grant | Acquire A | No | No | 0 | 1,138 | 0.00 | 5,344.023 |
| 9 Mar 23 | Creekmuir William S. | Common Stock | Grant | Acquire A | No | No | 0 | 1,138 | 0.00 | 22,944 |
| 9 Mar 23 | Kathryn P Dickson | Common Stock | Grant | Acquire A | No | No | 0 | 1,138 | 0.00 | 15,092.964 |
| 9 Mar 23 | Kaness Matthew | Common Stock | Grant | Acquire A | No | No | 0 | 1,138 | 0.00 | 41,355.512 |
Press releases
Flexsteel Industries, Inc. to Present at Sidoti Virtual Investor Conference, Releases Updated Investor Presentation
21 Mar 23
Sidoti's Small-Cap Virtual March Conference
20 Mar 23
Flexsteel Industries, Inc. Announces Quarterly Dividend
7 Mar 23
Flexsteel Industries, Inc. Reports Fiscal Second Quarter 2023 Results
6 Feb 23
Flexsteel Industries, Inc. to Announce Second Quarter 2023 Results on Monday, February 6
23 Jan 23