---
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"
generated_at: "2026-06-09T05:05:11.545261+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Flexsteel Q1 FY2024 EPS $0.14 (vs $0.05); sales $94.6M, down 1.1% YoY

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-056869
- JSON: https://secwatch.observer/filing/0000950170-23-056869.json
- Plain text: https://secwatch.observer/filing/0000950170-23-056869.txt

## Key facts
- Earnings Releases
  FLEXSTEEL INDUSTRIES INC reported first quarter fiscal 2024 results: revenue $94.6 million, net income $0.8 million, EPS $0.14 per diluted share.
  - Period: first quarter fiscal 2024
  - Revenue: $94.6 million
  - Net income: $0.8 million
  - EPS: $0.14 per diluted share
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/37472/000095017023056869/0000950170-23-056869-index.htm

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