{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-23-056869","form_type":"8-K","ticker":"FLXS","cik":"0000037472","company_name":"FLEXSTEEL INDUSTRIES INC","filed_at":"2023-10-31T23:59:59+00:00","discovered_at":"2026-05-14T18:03:31.673042+00:00","generated_at":"2026-06-09T05:05:11.545261+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Flexsteel Q1 FY2024 EPS $0.14 (vs $0.05); sales $94.6M, down 1.1% YoY","bullets":["GAAP diluted EPS $0.14 vs $0.05 prior year; non-GAAP diluted EPS $0.14 vs $0.09.","Net sales $94.6M, down 1.1% YoY; excluding $7M ocean freight surcharge elimination, unit volume/mix grew 6.8%.","Gross margin expanded 350 bps to 19.5% from 16.0%; operating income $1.9M vs $0.4M.","SG&A rose to 17.4% of sales (15.2% prior) due to growth investments.","Management guides Q2 sales growth YoY and sequentially, with margin improvement."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-23-056869","json":"https://secwatch.observer/filing/0000950170-23-056869.json","markdown":"https://secwatch.observer/filing/0000950170-23-056869.md","text":"https://secwatch.observer/filing/0000950170-23-056869.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/37472/000095017023056869/0000950170-23-056869-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/37472/000095017023056869/flxs-20231031.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-09T05:05:11.545261+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":"8319cc29f61f23ef16aa67ad012bb450d3a51db9","claim":"FLEXSTEEL INDUSTRIES INC reported first quarter fiscal 2024 results: revenue $94.6 million, net income $0.8 million, EPS $0.14 per diluted share.","evidence_excerpt":"products in the United States, today reported first quarter fiscal 2024 results. Key Results for the f irst Quarter Ended September 30, 2023 • Net sales for the quarter of $94.6 million compared to $95.7 million in the prior year quarter, a decrease of (1.1%). • Gross margin increased to 19.5% for the first quarter compared to 16.0% in the prior year quarter. •","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/37472/000095017023056869/0000950170-23-056869-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter fiscal 2024"},{"label":"Revenue","value":"$94.6 million"},{"label":"Net income","value":"$0.8 million"},{"label":"EPS","value":"$0.14 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"}