flexsteel industries, inc. and subsidiaries was incorporated in 1929 and is one of the oldest and largest manufacturers, importers and marketers of residential and commercial upholstered and wooden furniture products in the united states. product offerings include a wide variety of upholstered and wood 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’s products are intended for use in home, office, hotel and other commercial applications. featured as a basic component in most of the upholstered furniture is a unique steel drop-in seat spring from which our name “flexsteel” is derived. the company distributes its products throughout the united states through the company’s sales force and various independent representatives. the company has one active wholly-owned subsidiary: dmi furniture, inc. (“dmi”), which is a
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)
8-K
Amendments to Articles of Incorporation or Bylaws
8 Mar 24
10-Q
2024 Q2
Quarterly report
7 Feb 24
8-K
Flexsteel Industries, Inc. Reports Strong Fiscal second Quarter 2024 Results and Announces Manufacturing Network Optimization Actions
5 Feb 24
8-K
Flexsteel Industries, Inc. Reports Strong Preliminary Results for Second Quarter; Forecasts Continued Sales Growth and Robust Profit Improvement
11 Jan 24
8-K
Submission of Matters to a Vote of Security Holders
19 Dec 23
10-Q
2024 Q1
Quarterly report
1 Nov 23
8-K
Flexsteel Industries, Inc. Reports Fiscal first Quarter 2024 Results
31 Oct 23
ARS
2023 FY
Annual report to shareholders
26 Oct 23
DEFA14A
Additional proxy soliciting materials
26 Oct 23
DEF 14A
Definitive proxy
26 Oct 23
Transcripts
FLXS
Earnings call transcript
2024 Q2
6 Feb 24
FLXS
Earnings call transcript
2024 Q1
1 Nov 23
FLXS
Earnings call transcript
2023 Q4
22 Aug 23
FLXS
Earnings call transcript
2023 Q3
2 May 23
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
Latest ownership filings
4
Jeanne McGovern
11 Mar 24
4
Michael Scott Culbreth
11 Mar 24
4
Kathryn P Dickson
11 Mar 24
4
William S. Creekmuir
11 Mar 24
4
Thomas M Levine
11 Mar 24
SC 13G/A
DIMENSIONAL FUND ADVISORS LP
9 Feb 24
3
Michael J Ressler
19 Jan 24
4
Kathryn P Dickson
18 Dec 23
4
MARY C BOTTIE
18 Dec 23
4
Thomas M Levine
18 Dec 23
Financial summary
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Diluted EPS |
Annual (USD) | Jun 23 | Jun 22 | Jun 21 | Jun 20 | |
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Diluted EPS |
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) | 2.97 mm | 2.97 mm | 2.97 mm | 2.97 mm | 2.97 mm | 2.97 mm |
Cash burn (monthly) | 130.67 k | 83.17 k | (no burn) | (no burn) | 593.67 k | (no burn) |
Cash used (since last report) | 781.30 k | 497.28 k | n/a | n/a | 3.55 mm | n/a |
Cash remaining | 2.19 mm | 2.48 mm | n/a | n/a | -576.72 k | n/a |
Runway (months of cash) | 16.8 | 29.8 | n/a | n/a | -1.0 | n/a |
Institutional ownership, Q2 2023
49.4% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 35 |
Opened positions | 5 |
Closed positions | 3 |
Increased positions | 6 |
Reduced positions | 9 |
13F shares | Current |
---|---|
Total value | 30.17 bn |
Total shares | 2.54 mm |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Dimensional Fund Advisors | 432.28 k | $8.52 bn |
Carolyn T. Bleile Declaration of Trust dated August 8, 2001 | 329.63 k | $0.00 |
Steven H. Bertsch Declaration of Trust dated November 6, 2020 | 310.18 k | $0.00 |
Vanguard | 242.84 k | $4.64 bn |
Punch & Associates Investment Management | 196.70 k | $3.76 bn |
Jeffrey T. Bertsch Amended & Restated Trust Dtd 12/26/1987 | 181.89 k | $3.65 mm |
Renaissance Technologies | 150.89 k | $2.88 mm |
BLK Blackrock | 132.69 k | $2.54 bn |
RBF Capital | 81.81 k | $1.56 bn |
Ancora Advisors | 72.73 k | $1.39 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
7 Mar 24 | Levine Thomas M | Common Stock | Grant | Acquire A | No | No | 0 | 663 | 0.00 | 663 |
7 Mar 24 | Creekmuir William S. | Common Stock | Grant | Acquire A | No | No | 0 | 663 | 0.00 | 27,268 |
7 Mar 24 | Kathryn P Dickson | Common Stock | Grant | Acquire A | No | No | 0 | 663 | 0.00 | 19,937.337 |
7 Mar 24 | Culbreth Michael Scott | Common Stock | Grant | Acquire A | No | No | 0 | 663 | 0.00 | 9,668.023 |
7 Mar 24 | Jeanne McGovern | Common Stock | Grant | Acquire A | No | No | 0 | 663 | 0.00 | 6,696 |
News
Flexsteel Industries: Q2 Earnings Insights
5 Feb 24
Flexsteel Industries Q2 Adj EPS $0.57 Beats $0.56 Estimate, Sales $100.11M Miss $102.12M Estimate
5 Feb 24
Earnings Scheduled For February 5, 2024
5 Feb 24
Flexsteel Industries's Earnings Outlook
2 Feb 24
(FLXS) - Analyzing Flexsteel Industries's Short Interest
19 Jan 24
Press releases
Flexsteel Industries, Inc. Reports Strong Fiscal Second Quarter 2024 Results and Announces Manufacturing Network Optimization Actions
5 Feb 24
Flexsteel Industries, Inc. to Participate in a Fireside Chat at the Lytham Partners 2024 Investor Select Conference; Releases Updated Investor Presentation
16 Jan 24
Flexsteel Industries, Inc. Reports Strong Preliminary Results for Second Quarter; Forecasts Continued Sales Growth and Robust Profit Improvement
11 Jan 24
Flexsteel Industries, Inc. to Present at the Sidoti Virtual Investor Conference January 17 – 18
5 Jan 24
Flexsteel Industries, Inc. to Present at the Water Tower Research Furniture/Furnishings Virtual Conference January 17
4 Jan 24