Flexsteel's FY24 Was Great, But The Stock Is At Best Fairly Valued [Seeking Alpha]
Flexsteel Industries, Inc. (FLXS)
US:NASDAQ Investor Relations:
flexsteel.com/content/investors
Company Research
Source: Seeking Alpha
Summary Flexsteel's 4Q24 results showed mid-single-digit topline growth and modest gross margin improvements, aligning with expectations and leveraging operating margins. Despite new management's growth initiatives, SG&A improvements are needed for better operating margins, and the stock price already reflects most upside potential. FY25 guidance remains steady with 2-6% sales growth and 6% operating margins, but muted growth expectations limit the stock's attractiveness. Current valuation is fair but not opportunistic, with an 8% earnings yield insufficient to meet my required return of 12-15%. Flexsteel remains a Hold. 10'000 Hours/DigitalVision via Getty Images Flexsteel Industries ( NASDAQ: FLXS ) 4Q24 results aligned with expectations, posting mid-single digits topline growth with slower improvements in gross margins as raw material prices normalized. Sales growth is leveraging the company's operating margins. My thesis has not meaningfully changed after these earn
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FLXS
News
- More tariffs may be coming. Is the home industry ready? [Yahoo! Finance]Yahoo! Finance
- FLXS vs. SN: Which Stock Is the Better Value Option? [Yahoo! Finance]Yahoo! Finance
- Flexsteel Industries, Inc. to Present and Host 1x1 Investor Meetings at the 16th Annual Southwest IDEAS Investor Conference on November 21, 2024, in Dallas, TX [Yahoo! Finance]Yahoo! Finance
- Flexsteel Industries, Inc. to Present and Host 1x1 Investor Meetings at the 16th Annual Southwest IDEAS Investor Conference on November 21, 2024, in Dallas, TXBusiness Wire
- Owning 44% shares,institutional owners seem interested in Flexsteel Industries, Inc. (NASDAQ:FLXS), [Yahoo! Finance]Yahoo! Finance
FLXS
Earnings
- 10/21/24 - Beat
FLXS
Sec Filings
- 11/8/24 - Form SC
- 11/5/24 - Form 4
- 11/1/24 - Form 4
- FLXS's page on the SEC website