<ARTICLE> 5
<LEGEND>
FLEXSTEEL INDUSTRIES, INC.
FORM 10-Q FINANCIAL DATA SCHEDULE
</LEGEND>
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          JUN-30-1999
<PERIOD-END>                               DEC-31-1998
<CASH>                                       5,554,715
<SECURITIES>                                10,374,470
<RECEIVABLES>                               28,824,745
<ALLOWANCES>                                 2,460,000
<INVENTORY>                                 29,332,585
<CURRENT-ASSETS>                            75,122,650
<PP&E>                                      78,051,682
<DEPRECIATION>                              53,497,753
<TOTAL-ASSETS>                             107,218,953
<CURRENT-LIABILITIES>                       23,207,493
<BONDS>                                              0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                     6,827,017
<OTHER-SE>                                  74,106,818
<TOTAL-LIABILITY-AND-EQUITY>               107,218,953
<SALES>                                     62,575,129
<TOTAL-REVENUES>                            62,876,947
<CGS>                                       48,435,226
<TOTAL-COSTS>                               59,325,417
<OTHER-EXPENSES>                            10,890,191
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                              79,782
<INCOME-PRETAX>                              3,471,748
<INCOME-TAX>                                 1,275,000
<INCOME-CONTINUING>                          2,196,748
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                 2,196,748
<EPS-PRIMARY>                                     0.32
<EPS-DILUTED>                                     0.32