{"schema_version":"secwatch.filing_event.v1","accession":"0000037472-23-000019","form_type":"8-K","ticker":"FLXS","cik":"0000037472","company_name":"FLEXSTEEL INDUSTRIES INC","filed_at":"2023-08-21T23:59:59+00:00","discovered_at":"2026-05-14T18:03:36.336228+00:00","generated_at":"2026-06-11T06:34:17.355477+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Flexsteel Q4 sales fall 15% YoY to $105.8M; GAAP EPS $1.91 on tax benefit, adj EPS $0.36","bullets":["Q4 net sales $105.8M (-15% YoY); FY net sales $393.7M (-27.7% YoY).","Gross margin improved to 20.0% (Q4) and 18.0% (FY) vs 14.2% and 13.4% prior year.","GAAP diluted EPS $1.91 (Q4), $2.74 (FY); includes $8.3M tax benefit from valuation allowance reversal. Non-GAAP EPS $0.36 (Q4), $0.87 (FY).","Sequential sales growth: Q4 +6.8% vs Q3; Q3 +6.4% vs Q2.","Full-year cash from operations $23M; ending cash $3.4M, $45.8M credit line available."],"urls":{"canonical":"https://secwatch.observer/filing/0000037472-23-000019","json":"https://secwatch.observer/filing/0000037472-23-000019.json","markdown":"https://secwatch.observer/filing/0000037472-23-000019.md","text":"https://secwatch.observer/filing/0000037472-23-000019.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/37472/000003747223000019/0000037472-23-000019-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/37472/000003747223000019/flxs-20230821x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-11T06:34:17.355477+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":"95985aa747cd0f4429fc6d813a836bacbcdcb9ca","claim":"FLEXSTEEL INDUSTRIES INC reported Fourth Quarter and Fiscal Year Ended June 30, 2023 results: revenue $105.8 million, net income $10.2 million, or $1.91 per diluted share, EPS $1.91 per diluted share.","evidence_excerpt":"Net sales were $105.8 million for the fourth quarter","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/37472/000003747223000019/0000037472-23-000019-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"Fourth Quarter and Fiscal Year Ended June 30, 2023"},{"label":"Revenue","value":"$105.8 million"},{"label":"Net income","value":"$10.2 million, or $1.91 per diluted share"},{"label":"EPS","value":"$1.91 per diluted share"},{"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"}