---
schema_version: "secwatch.filing_event.v1"
accession: "0000037472-21-000039"
form_type: "8-K"
ticker: "FLXS"
cik: "0000037472"
company_name: "FLEXSTEEL INDUSTRIES INC"
filed_at: "2021-12-15T23:59:59+00:00"
generated_at: "2026-06-28T01:03:16.398581+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Flexsteel raises Q2 revenue guidance but expects operating loss on supply chain costs

## Summary
- Q2 revenue guidance raised to $137-143M (mid-point $140M, 17.5% YoY growth).
- Operating loss expected in Q2 due to ocean container ancillary costs exceeding $10M.
- Q1 ancillary costs were over $5M; conditions worsened in Q2 with higher per diem rates.
- Company anticipates operating profit in Q3 and Q4 for fiscal 2022.
- Full-year revenue growth projected at 15-20% YoY.

## SEC filing metadata
- accession: 0000037472-21-000039
- form_type: 8-K
- ticker: FLXS
- cik: 0000037472
- company_name: FLEXSTEEL INDUSTRIES INC
- filed_at: 2021-12-15T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/37472/000003747221000039/0000037472-21-000039-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/37472/000003747221000039/flxs-20211215x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000037472-21-000039
- JSON: https://secwatch.observer/filing/0000037472-21-000039.json
- Plain text: https://secwatch.observer/filing/0000037472-21-000039.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.