FLXS Flexsteel Industries, Inc. featured news, full reports, and detailed charts
Flexsteel Industries, Inc. (FLXS) Wrap Up:
Flexsteel Industries, Inc. and Subsidiaries (the “Company”) was incorporated in 1929 and is one of the oldest and largest manufacturers, importers and marketers of residential, recreational vehicle and commercial upholstered and wooden furniture products in the country. 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, motor home, travel trailer, yacht, health care and hotel applications. Featured as a basic component in most of the upholstered furniture is a unique drop-in seat spring. ... More..."http://secfilings.nasdaq.com/edgar_conv_html%2f2007%2f08%2f29%2f0000897101-07-001852.html#FIS_BUSINESS"www.flexsteel.com
1,400 Employees
Founded in 1929
Flexsteel Industries Inc. (FLXS:NASDAQ)
LAST $8.38 USD
CHANGE TODAY +0.18 2.20%
VOLUME 1.1K
As of 3:58 PM 11/20/09 All times are local (Market data by Reuters is delayed by at least 15 minutes).
Snapshot of Flexsteel Industries Inc. (FLXS)
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OPEN
$8.34
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PREVIOUS CLOSE
$8.20
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DAY HIGH
$8.38
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DAY LOW
$8.30
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52 WEEK HIGH
11/19/09 - $9.00
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52 WEEK LOW
04/7/09 - $4.98
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MARKET CAP
55.1M
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AVERAGE VOLUME 3 mo
3.5K
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DILUTED EPS TTM
$0.09
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SHARES OUTSTANDING
6.6M
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EX-DATE
09/17/09
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P/E TTM
91.5x
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DIVIDEND
$0.20
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DIVIDEND YIELD
2.39%
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| K = Thousands M = Millions B = Billions | ||
related news
BRIEF: Dublin plant honored for environmental efforts [The Macon Telegraph, Ga.]
Knight Ridder/Tribune - 11/20/2009 3:40 AM ET
FLXS Top Compensated Officers
Mr. Ronald Klosterman
Chief Executive Officer, President and Direct...
Age: 61
Total Annual Compensation: $470.1K
Mr. Timothy E. Hall
Chief Financial Officer, Principal Accounting...
Age: 51
Total Annual Compensation: $210.0K
Mr. Donald D. Dreher
Senior Vice President, Chief Executive Office...
Age: 60
Total Annual Compensation: $379.2K
Mr. Thomas D. Burkart
Senior Vice President of Vehicle Seating
Age: 66
Total Annual Compensation: $259.2K
Mr. James R. Richardson
Senior Vice President of Residential Sales & ...
Age: 65
Total Annual Compensation: $297.0K
Executives, Board Directors
Compensation as of Fiscal Year 2009.
Key developments for Flexsteel Industries Inc. (FLXS)
Flexsteel Industries Inc., Annual General Meeting, Dec 07, 2009
10/21/2009
Flexsteel Industries Inc., Annual General Meeting, Dec 07, 2009, at 14:00 US Central Time. Location: Hilton Minneapolis, 1001 Marquette Avenue, Minneapolis, MN 55403, United States. Agenda: To elect four Class II Directors to serve until the year 2012 annual meeting and until their respective successors have been elected and qualified or until their earlier resignation, removal or termination; to consider and act upon a proposal to approve the 2009 stock option plan; and to transact such other business as may properly come before the meeting or any adjournments or postponements of the meeting.
Flexsteel Industries Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended September 30, 2009; Provides Capital Expenditure Guidance for the Remainder of the Fiscal 2010
10/20/2009
Flexsteel Industries Inc. announced unaudited consolidated earnings results for the first quarter ended September 30, 2009. For the period, the company reported net sales of $75,940,000 against $91,417,000 a year ago. Operating income was $2,415,000 against operating loss of $982,000 a year ago. Income before income taxes was $2,310,000 against loss before income taxes of $1,159,000 a year ago. Net income was $1,380,000 or $0.21 per basic and diluted share against net loss of $749,000 or $0.11 per basic and diluted share a year ago. Net cash provided by operating activities was $3,041,000 against $2,232,000 a year ago. Capital expenditures were $627,000 against $150,000 a year ago. The company provided capital expenditure guidance for the remainder of the fiscal 2010. For the period, the company expects that capital expenditures will be approximately $1.5 million.
Flexsteel Industries Inc., Q1 2010 Earnings Call, Oct-21-2009
10/6/2009
Flexsteel Industries Inc., Q1 2010 Earnings Call, Oct 21 2009
FLXS Competitors
| Company | Last | Change |
| Bassett Furniture Industries Inc | $3.41 USD | -0.24 |
| Chromcraft Revington Inc | $2.25 USD | +0.16 |
| Haverty Furniture Companies Inc | $12.01 USD | +0.29 |
| Hooker Furniture Corp | $12.11 USD | -0.02 |
| Stanley Furniture Company Inc | $7.75 USD | +0.05 |
| Market data is delayed at least 20 minutes. | ||
Industry Analysis
| Valuation | FLXS | Industry Range |
| Price/Earnings | 89.1x |
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| Price/Sales | 0.2x |
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| Price/Book | 0.5x |
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| Price/Cash Flow | 88.9x |
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| TEV/Sales | 0.2x |
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FLXS |
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FLXS transactions
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| No transactions in the last 6 months. | ||
More Recent News About Flexsteel Industries, Inc.
More news for FLXS
FLEXSTEEL INDUSTRIES INC Files SEC form 8-K, Results of Operations and Financial Condition
Show all filings for FLEXSTEEL INDUSTRIES INC | Request a Trial to NEW EDGAR Online Pro Form 8-K for FLEXSTEEL INDUSTRIES INC 20-Aug-2009Results of Operations and Financial Condition Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational...Click here to read the whole Article (external link)
FLEXSTEEL INDUSTRIES INC Files SEC form 10-Q, Quarterly Report
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations GENERAL: The following analysis of the results of operations and financial condition of the Company should be read in conjunction with the consolidated financial statements and related notes included elsewhere in this quarterly report on Form 10-Q. CRITICAL ACCOUNTING POLICIES: There have been no material changes to our critical accounting policies and estimates from the information provided in Item 7, "Management's Discussion and Analysis of Financial Condition and Results of Operations", included in our 2008 annual report on Form 10-K. Overview The following table has been prepared as an aid in understanding the Company's results of operations on a comparative basis for the three and nine months ended March 31, 2009 and 2008. Amounts presented are percentages of the Company's net sales. Gross margin for the quarter ended March 31, 2009 was 16.5% compared to 18.4% in the prior year quarter. The decrease in gross margin percentage is primarily due to adjustments to realizable value on inventory of $1.7 million (2.2% of net sales) due to business conditions primarily related to vehicle seating. Selling, general and administrative expenses for the quarter ended March 31, 2009 were 19.6% of net sales compared to 16.8% of net sales in the prior year quarter. This percentage increase is due to under-absorption of fixed costs on the lower sales volume and an increase in bad debt expense of approximately $0.3 million. During the current quarter the Company recorded pre-tax charges of approximately $0.5 million of employee separation costs due to business conditions. Operating loss for the current quarter was $2.8 million compared to operating income of $1.5 million in the prior year quarter reflecting the aforementioned factors. The effective income tax rate was 36.8% and 34.6...Click here to read the whole Article (external link)
Immunomedics, Universal Travel Group and Saga Communications lead small-cap percentage losers
Price at 9:08 ET Change % Change Volume Year High Year Low IMMU IMMUNOMEDICS INC -11.8% 6.50 5.87 5,474.6k 7.16 0.84 UTA UNIVERSAL TRAVEL GROUP -10.4% 11.40 9.85 959.4k 17.20 0.97 SGA SAGA COMMUNICATIONS INC -10.4% 16.00 14.00 12.3k 25.96 3.00 MOD MODINE MFG CO -9.6% 9.83 8.50 326.4k 17.51 0.73 FLXS FLEXSTEEL INDS INC -9.2% 8.84 8.02 2.0k 11.44 4.98 NCTY THE9 LTD -9.1% 8.55 8.26 157.7k 19.83 8.08 NSPH NANOSPHERE INC &nbs...Click here to read the whole Article (external link)
FLEXSTEEL INDUSTRIES INC Files SEC form 10-K, Annual Report
Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations General The following analysis of the results of operations and financial condition of the Company should be read in conjunction with the consolidated financial statements and related notes included elsewhere in this Annual Report on Form 10-K. Critical Accounting Policies The discussion and analysis of the Company's consolidated financial statements and results of operations are based on consolidated financial statements prepared in accordance with accounting principles generally accepted in the United States of America. Preparation of these consolidated financial statements requires the use of estimates and judgments that affect the reported results. The Company uses estimates based on the best information available in recording transactions and balances resulting from business operations. Estimates are used for such items as collectibility of trade accounts receivable, inventory valuation, depreciable lives, self-insurance programs, warranty costs and income taxes. Ultimate results may differ from these estimates under different assumptions or conditions. Allowance for doubtful accounts - the Company establishes an allowance for doubtful accounts through review of open accounts, and historical collection and allowances amounts. The allowance for doubtful accounts is intended to reduce trade accounts receivable to the amount that reasonably approximates their net realizable fair value due to their short-term nature. The amount ultimately realized from trade accounts receivable may differ from the amount estimated in the consolidated financial statements based on collection experience and actual returns and allowances. Inventories - the Company values inventory at the lower of cost or market. A large portion of our finished goods inventory is made to order and many of our raw material parts are interchangeable between product...Click here to read the whole Article (external link)
Flexsteel Announces Quarterly Dividend
Copyright © 2009 Yahoo! All rights reserved. Privacy Policy - Terms of Service - Copyright Policy - Report Problems Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page. Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quote data delayed 15 minutes for Nasdaq, NYSE and Amex. Real-Time continuous streaming quotes are available through our premium service. You may turn streaming quotes on or off. All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Yahoo! is not an investment adviser and does not provide, endorse or review any information or data contained herein....Click here to read the whole Article (external link)
Flexsteel Announces First Quarter Fiscal 2010 Operating Results
FLEXSTEEL INDUSTRIES, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) (in thousands, except per share data)           Three Months Ended    September 30, 2009  2008 NET SALES $ 75,940 $ 91,417 COST OF GOODS SOLD (59,384 ) (74,281 ) GROSS MARGIN ...Click here to read the whole Article (external link)
Q1 2010 Flexsteel Industries Earnings Release - After Market Close
Earnings Announcements for Tuesday, October 20CompanySymbolTimeConferenceCallAccess National CorporationANCXTime Not SuppliedAEOLUS TYRE CO600469.SSTime Not SuppliedALLEGIANT TRAVEL COALGTTime Not SuppliedAMERICAN CAPITAL AGENCY CORPAGNCAfter Market CloseListenAmeriServ Financial, Inc.ASRV08:00 am ETAmylin Pharmaceuticals, Inc.AMLNAfter Market CloseApplied Industrial TechnologiesAITBefore Market OpenArbitron Inc.ARBBefore Market OpenListenAstec IndustriesASTE07:00 am ETAutolivALV06:00 am ETAutonomy Corporation plcAUTNF.PKBefore Market OpenAware, IncAWRETime Not SuppliedListenBancFirstBANFBefore Market OpenBANK MUTUAL CORP NEWBKMUTime Not SuppliedBank of New York Mellon CorpBK06:30 am ETListenBanner CorporationBANRAfter Market CloseBEIJING SHUNXIN AGRICULTURE CO...Click here to read the whole Article (external link)
FLEXSTEEL INDUSTRIES INC Financials
PERIOD ENDING30-Sep-0930-Jun-0931-Mar-0931-Dec-08Total Revenue75,940 74,564 73,627 84,550 Cost of Revenue59,384 58,925 61,459 68,419 Gross Profit16,556 15,639 12,168 16,131 Operating ExpensesResearch Development - - - - Selling General and Administrative14,141 14,169 14,459 15,393 Non Recurring - 174 529 504 Others - - - - Total Operating Expenses - - - - Operating Income or Loss2,415 1,296 (2,820)234 Income from Continuing OperationsTotal Other Income/Expenses Net32 (28)76 503 Earnings Before Interest And Taxes2,447 1,269 (2,744)737 Interest Expense137 220 191 271 Income Before Tax2,310 1,048 (2,934)466 Income Tax Expense930 250 (1,080)170 Minority Interest - - - - Net Income From Continuing Ops1,380 798 (1,854)296 Non-recurring EventsDiscontinued Operations - - - - Extraordinary Items - - - - Effect Of Accounting Changes - - &nb...Click here to read the whole Article (external link)
FLEXSTEEL INDUSTRIES INC Files SEC form 8-K, Results of Operations and Financial Condition
Show all filings for FLEXSTEEL INDUSTRIES INC | Request a Trial to NEW EDGAR Online Pro Form 8-K for FLEXSTEEL INDUSTRIES INC 21-Oct-2009Results of Operations and Financial Condition Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational...Click here to read the whole Article (external link)
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