---
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"
generated_at: "2026-06-20T00:32:43.728860+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Flexsteel Q2 FY23 net sales $93.1M (-34.3% YoY); GAAP EPS $0.53, adjusted $0.08

## Summary
- 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%.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000037472-23-000003
- JSON: https://secwatch.observer/filing/0000037472-23-000003.json
- Plain text: https://secwatch.observer/filing/0000037472-23-000003.txt

## Key facts
- Earnings Releases
  FLEXSTEEL INDUSTRIES INC reported second quarter ended December 31, 2022 results: revenue 93.1 million, net income 2.9 million, EPS 0.53.
  - Period: second quarter ended December 31, 2022
  - Revenue: 93.1 million
  - Net income: 2.9 million
  - EPS: 0.53
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/37472/000003747223000003/0000037472-23-000003-index.htm

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