---
schema_version: "secwatch.filing_event.v1"
accession: "0000037472-22-000054"
form_type: "8-K"
ticker: "FLXS"
cik: "0000037472"
company_name: "FLEXSTEEL INDUSTRIES INC"
filed_at: "2022-10-24T23:59:59+00:00"
generated_at: "2026-06-23T01:45:23.125755+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Flexsteel Q1 net sales down 30.5% to $95.7M; GAAP EPS $0.05 vs $0.61 prior

## Summary
- Net sales of $95.7M beat guidance of $80-90M; home furnishings retail -31.1% YoY.
- GAAP net income $0.3M ($0.05 diluted EPS); non-GAAP adjusted EPS $0.09.
- Gross margin 16.0% vs 17.0% prior; SG&A down 22.4% to $14.6M.
- Cash flow from operations $13.0M; debt repayment $7.7M; liquidity $40.4M revolver available.
- New brand Charisma launched; Zecliner and flex product lines planned for Q3.

## SEC filing metadata
- accession: 0000037472-22-000054
- form_type: 8-K
- ticker: FLXS
- cik: 0000037472
- company_name: FLEXSTEEL INDUSTRIES INC
- filed_at: 2022-10-24T23:59:59+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/37472/000003747222000054/0000037472-22-000054-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/37472/000003747222000054/flxs-20221024x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000037472-22-000054
- JSON: https://secwatch.observer/filing/0000037472-22-000054.json
- Plain text: https://secwatch.observer/filing/0000037472-22-000054.txt

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