earnings
confidence high
sentiment positive
materiality 0.80
Flexsteel Q4 sales up 110% YoY to $136.2M, GAAP EPS $0.81 vs loss year ago; record backlog $152M
FLEXSTEEL INDUSTRIES INC
2021-FY EPS reported
$3.09
revenue$478,925,000
- Q4 net sales $136.2M (+110.1% YoY); full-year $478.9M (+30.5%).
- GAAP diluted EPS $0.81 Q4, $3.09 FY; adjusted EPS $0.61 Q4, $2.99 FY.
- Record home furnishings backlog $152M (+238.3% YoY); retail orders up 85% for year.
- Gross margin improved to 19.4% Q4 (from 9.2%) and 20.2% FY (from 14.5%).
- Management warns near-term supply chain headwinds (rising container rates, poly foam, COVID-19) may pressure H1 FY2022 margins.