secwatch.observer — SEC 8-K summary
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Issuer:     FLEXSTEEL INDUSTRIES INC (FLXS)
CIK:        0000037472
Form:       8-K
Filed at:   2021-12-15T23:59:59+00:00
Accession:  0000037472-21-000039
Event type: other_material
Sentiment:  negative
Materiality: 0.75
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/37472/000003747221000039/0000037472-21-000039-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/37472/000003747221000039/flxs-20211215x8k.htm
  HTML page:      https://secwatch.observer/filing/0000037472-21-000039

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