---
schema_version: "secwatch.filing_event.v1"
accession: "0000037472-22-000036"
form_type: "8-K"
ticker: "FLXS"
cik: "0000037472"
company_name: "FLEXSTEEL INDUSTRIES INC"
filed_at: "2022-08-22T23:59:59+00:00"
generated_at: "2026-06-23T22:22:25.788380+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Flexsteel Q4 sales down 8.6% to $124.5M; GAAP net loss $0.05/sh, adjusted EPS $0.41

## Summary
- Q4 net sales $124.5M vs $136.2M prior year; full-year sales $544.3M up 13.6%.
- Q4 GAAP net loss $0.3M ($0.05 loss per share); adjusted net income $2.2M ($0.41/sh).
- Gross margin fell 520 bps to 14.2% on promotions, inventory write-downs, capacity investments, and cost inflation.
- Full-year share repurchases $35.1M, including $7.1M in Q4.
- Fiscal 2023 first-half profit expected to face pressure from slowing demand, retail inventory glut, and inflation.

## SEC filing metadata
- accession: 0000037472-22-000036
- form_type: 8-K
- ticker: FLXS
- cik: 0000037472
- company_name: FLEXSTEEL INDUSTRIES INC
- filed_at: 2022-08-22T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/37472/000003747222000036/0000037472-22-000036-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/37472/000003747222000036/flxs-20220822x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000037472-22-000036
- JSON: https://secwatch.observer/filing/0000037472-22-000036.json
- Plain text: https://secwatch.observer/filing/0000037472-22-000036.txt

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