---
schema_version: "secwatch.filing_event.v1"
accession: "0000037472-22-000019"
form_type: "8-K"
ticker: "FLXS"
cik: "0000037472"
company_name: "FLEXSTEEL INDUSTRIES INC"
filed_at: "2022-04-25T23:59:59+00:00"
generated_at: "2026-06-26T05:09:40.487015+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Flexsteel Q3 FY2022: net sales up 18.6% to $140.4M, GAAP EPS $0.82

## Summary
- GAAP net income $5.3M ($0.82 diluted EPS) vs $4.9M ($0.67) prior year; non-GAAP EPS $0.81 vs $0.72.
- Gross margin 15.7%, down 380 bps from 19.5% due to supply chain costs, capacity investments, and inflation.
- Operating cash flow $37.1M; reduced bank borrowings by $18.1M; repurchased $18.3M shares (13.7% of shares outstanding).
- Fiscal 2022 capex guided $7-9M for manufacturing and distribution expansion.
- New Mexicali plant on track for late summer; lead times expected to return to 4-6 weeks by early June.

## SEC filing metadata
- accession: 0000037472-22-000019
- form_type: 8-K
- ticker: FLXS
- cik: 0000037472
- company_name: FLEXSTEEL INDUSTRIES INC
- filed_at: 2022-04-25T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/37472/000003747222000019/0000037472-22-000019-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/37472/000003747222000019/flxs-20220425x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000037472-22-000019
- JSON: https://secwatch.observer/filing/0000037472-22-000019.json
- Plain text: https://secwatch.observer/filing/0000037472-22-000019.txt

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