secwatch / observer
8-K filed January 11, 2024, 6:59 PM ET ticker FLXS CIK 0000037472
earnings confidence high sentiment positive materiality 0.75

Flexsteel Q2 preliminary sales $100.1M (+7.5%), EPS $0.57; guides FY25 margin 5.5-6.5%

FLEXSTEEL INDUSTRIES INC

2024-Q2 EPS reported $0.71 revenue$194,711,000
item 2.02item 5.02item 7.01item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Role change

Michael J. Ressler

Chief Financial Officer, Treasurer & Secretary
FLXS · FLEXSTEEL INDUSTRIES INC
Effective
2024-01-10
Filed
January 11, 2024, 6:59 PM ET
On January 10, 2024, Flexsteel Industries, Inc. (the “Company”) announced that Michael J. Ressler has been promoted to assume the role of Chief Financial Officer, Treasurer & Secretary effective immediately.
Appointed

Derek P. Schmidt

Director
FLXS · FLEXSTEEL INDUSTRIES INC
Effective
2024-01-10
Filed
January 11, 2024, 6:59 PM ET
Mr. Schmidt will also be appointed to the Company’s Board of Directors effective January 10, 2024.
Role change

Derek P. Schmidt

President
FLXS · FLEXSTEEL INDUSTRIES INC
Effective
2024-01-10
Successor
Michael J. Ressler
Filed
January 11, 2024, 6:59 PM ET
Mr. Schmidt was promoted to the position of President to reflect the level of responsibility he holds for the Company’s operations and growth strategy.
Departed

Matt Kaness

Director
FLXS · FLEXSTEEL INDUSTRIES INC
Effective
2024-01-09
Filed
January 11, 2024, 6:59 PM ET
On January 9, 2024, Matt Kaness notified the Company that he is resigning from the Board of Directors effective immediately due to a need to focus on his primary professional commitments and to consider other opportunities.
Role change

Jerald K. Dittmer

Chief Executive Officer
FLXS · FLEXSTEEL INDUSTRIES INC
Effective
2024-01-10
Successor
Derek P. Schmidt
Filed
January 11, 2024, 6:59 PM ET
On January 10, 2024, in connection with Derek P. Schmidt being appointed President, Jerald K. Dittmer is relinquishing his position as President and will continue to serve as the Chief Executive Officer.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

FLEXSTEEL INDUSTRIES INC reported Second Quarter Ended December 31, 2023 results: revenue Net sales for the quarter of $100.1 million compared to $93.1 million in the prior year quarter., net income GAAP net income per diluted share of $0.57 for the current quarter, EPS GAAP net income per diluted share of $0.57 for the current quarter compared to net income of $0.53 in the prior year qua. Guidance reaffirmed.

Period
Second Quarter Ended December 31, 2023
Revenue
Net sales for the quarter of $100.1 million compared to $93.1 million in the prior year quarter.
Net income
GAAP net income per diluted share of $0.57 for the current quarter
EPS
GAAP net income per diluted share of $0.57 for the current quarter compared to net income of $0.53 in the prior year qua
Guidance
reaffirmed
Result
preliminary results
Exact text from the filing
The Company expects to report the following financial results for its second quarter ended December 31, 2023: • Healthy sales growth of 7.5%: Net sales for the quarter of $100.1 million compared to $93.1 million in the prior year quarter. • Robust sales orders of $104.8 million representing growth of $12.8 million, or 13.9%, compared to prior year quarter. •
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 0.95

Michael J. Ressler changed role as Chief Financial Officer, Treasurer & Secretary at FLEXSTEEL INDUSTRIES INC.

Action
promoted
Role
Chief Financial Officer, Treasurer & Secretary
Exact text from the filing
On January 10, 2024, Flexsteel Industries, Inc. (the “Company”) announced that Michael J. Ressler has been promoted to assume the role of Chief Financial Officer, Treasurer & Secretary effective immediately.
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 0.95

Derek P. Schmidt was appointed as Director at FLEXSTEEL INDUSTRIES INC.

Action
appointed
Role
Director
Exact text from the filing
Mr. Schmidt will also be appointed to the Company’s Board of Directors effective January 10, 2024.
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 0.95

Derek P. Schmidt changed role as President at FLEXSTEEL INDUSTRIES INC.

Action
promoted
Role
President
Exact text from the filing
Mr. Schmidt was promoted to the position of President to reflect the level of responsibility he holds for the Company’s operations and growth strategy.
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 0.95

Matt Kaness resigned as Director at FLEXSTEEL INDUSTRIES INC.

Action
resigned
Role
Director
Exact text from the filing
On January 9, 2024, Matt Kaness notified the Company that he is resigning from the Board of Directors effective immediately due to a need to focus on his primary professional commitments and to consider other opportunities.
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 0.95

Jerald K. Dittmer changed role as Chief Executive Officer at FLEXSTEEL INDUSTRIES INC.

Action
relinquished
Role
Chief Executive Officer
Exact text from the filing
On January 10, 2024, in connection with Derek P. Schmidt being appointed President, Jerald K. Dittmer is relinquishing his position as President and will continue to serve as the Chief Executive Officer.
View on SEC.gov

46 earnings releases filed in the last 30 days. Browse all earnings releases →

FLEXSTEEL INDUSTRIES INC filing history →

Source: SEC EDGAR
accession 0000950170-24-003938
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