{"schema_version":"secwatch.filing_event.v1","accession":"0000037472-23-000003","form_type":"8-K","ticker":"FLXS","cik":"0000037472","company_name":"FLEXSTEEL INDUSTRIES INC","filed_at":"2023-02-06T23:59:59+00:00","discovered_at":"2026-05-14T18:03:47.644814+00:00","generated_at":"2026-06-20T00:32:43.728860+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Flexsteel Q2 FY23 net sales $93.1M (-34.3% YoY); GAAP EPS $0.53, adjusted $0.08","bullets":["GAAP net income $2.9M ($0.53/diluted) vs loss of $7.5M ($1.13) in prior-year quarter.","Non-GAAP net income $0.4M ($0.08/diluted) vs adjusted loss of $7.0M ($1.05) prior year.","Gross margin improved to 17.0% from 6.7% YoY on cost controls and strategic savings.","Operating cash flow $24.6M and debt repayments $18.6M in first six months of FY23.","Results in line with guidance: sales $87-97M, adjusted operating margin -1.5% to 1.5%."],"urls":{"canonical":"https://secwatch.observer/filing/0000037472-23-000003","json":"https://secwatch.observer/filing/0000037472-23-000003.json","markdown":"https://secwatch.observer/filing/0000037472-23-000003.md","text":"https://secwatch.observer/filing/0000037472-23-000003.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/37472/000003747223000003/0000037472-23-000003-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/37472/000003747223000003/flxs-20230206x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-20T00:32:43.728860+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"61ec96684a9a3bf2a6f030e4e627a5a362df35f8","claim":"FLEXSTEEL INDUSTRIES INC reported second quarter ended December 31, 2022 results: revenue 93.1 million, net income 2.9 million, EPS 0.53.","evidence_excerpt":"environment, I am pleased with our second quarter results,” said Jerry Dittmer, President, and CEO of Flexsteel Industries. “ We delivered net sales for the quarter of $93.1 million, which was within our sales guidance of $87 to $97 million, as our growth initiatives helped partially offset the hurdles posed by high retail inventories and waning consumer","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/37472/000003747223000003/0000037472-23-000003-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"second quarter ended December 31, 2022"},{"label":"Revenue","value":"93.1 million"},{"label":"Net income","value":"2.9 million"},{"label":"EPS","value":"0.53"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}