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Stock impact report

Flexsteel Industries, Inc. Reports Strong Fiscal First Quarter 2025 Results; 10% Sales Growth and Continued Operating Margin Expansion [Yahoo! Finance]

Flexsteel Industries, Inc. (FLXS) 
US:NASDAQ Investor Relations: flexsteel.com/content/investors
Company Research Source: Yahoo! Finance
Key Results for the First Quarter Ended September 30, 2024 Net sales for the quarter of $104.0 million compared to $94.6 million in the prior year quarter, an increase of 9.9% and fourth consecutive quarter of year-over-year sales growth. Robust sales orders of $100.8 million for the first quarter representing growth of 9.4%, compared to the prior year quarter. Gross margin increased to 21.5% for the first quarter compared to 19.5% in the prior year quarter. GAAP operating income of $6.0 million or 5.8% of net sales for the first quarter compared to $1.9 million or 2.0% of net sales in the prior year quarter. GAAP net income per diluted share of $0.74 for the current quarter compared to net income per diluted share of $0.14 in the prior year quarter. Management Commentary "I am very pleased with our first quarter results and continued strong execution," said Derek Schmidt, President and Chief Executive Officer of Flexsteel Industries, Inc. "While industry demand remains Show less Read more
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