secwatch.observer — SEC 8-K summary
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Issuer:     FLEXSTEEL INDUSTRIES INC (FLXS)
CIK:        0000037472
Form:       8-K
Filed at:   2021-08-23T23:59:59+00:00
Accession:  0000037472-21-000021
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Flexsteel Q4 sales up 110% YoY to $136.2M, GAAP EPS $0.81 vs loss year ago; record backlog $152M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/37472/000003747221000021/0000037472-21-000021-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/37472/000003747221000021/flxs-20210823x8k.htm
  HTML page:      https://secwatch.observer/filing/0000037472-21-000021

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