---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-011243"
form_type: "8-K"
ticker: "FLXS"
cik: "0000037472"
company_name: "FLEXSTEEL INDUSTRIES INC"
filed_at: "2024-02-05T23:59:59+00:00"
generated_at: "2026-06-06T09:26:55.737139+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Flexsteel Q2 sales up 7.5% to $100.1M, EPS $0.57; closing Dublin plant for annual savings of $4-4.5M

## Summary
- Q2 net sales $100.1M (+7.5% YoY); GAAP EPS $0.57, non-GAAP EPS $0.57 vs $0.08 prior year.
- Sales orders $104.8M (+13.9%); gross margin 21.9% (up 490 bps).
- Closing Dublin, GA facility by end of FY Q4; $2.5-3.2M restructuring costs, annualized savings $4-4.5M.
- Reaffirms FY2025 guidance; Q3 FY2024 non-GAAP op margin 4.5-5.5%, Q4 5.0-6.0%.
- Cash from ops $18.9M; debt repayments $15.1M, 46% reduction in borrowings.

## SEC filing metadata
- accession: 0000950170-24-011243
- form_type: 8-K
- ticker: FLXS
- cik: 0000037472
- company_name: FLEXSTEEL INDUSTRIES INC
- filed_at: 2024-02-05T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 2.05, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/37472/000095017024011243/0000950170-24-011243-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/37472/000095017024011243/flxs-20240205.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-011243
- JSON: https://secwatch.observer/filing/0000950170-24-011243.json
- Plain text: https://secwatch.observer/filing/0000950170-24-011243.txt

## Key facts
- Earnings Releases
  FLEXSTEEL INDUSTRIES INC reported s econd Quarter Ended December 31, 2023 results: revenue $100.1 million, net income $3.1 million, EPS $0.57 per diluted share.
  - Period: s econd Quarter Ended December 31, 2023
  - Revenue: $100.1 million
  - Net income: $3.1 million
  - EPS: $0.57 per diluted share
  - Result: reported results
  source text: Net sales for the quarter of $100.1 million compared to $93.1 million in the prior year quarter.
  evidence_url: https://www.sec.gov/Archives/edgar/data/37472/000095017024011243/0000950170-24-011243-index.htm
- Restructurings & Charges
  FLEXSTEEL INDUSTRIES INC announced a restructuring with charges of $2.5 million and $3.2 million affecting Dublin, Georgia manufacturing plant (approximately $2.0 million to $2.5 million for employee separations).
  - Type: restructuring
  - Charge: $2.5 million and $3.2 million
  - Affected area: Dublin, Georgia manufacturing plant
  - Headcount: approximately $2.0 million to $2.5 million for employee separations
  source text: the company expects to incur pre-tax restructuring and related expenses between $2.5 million and $3.2 million. The one-time costs include approximately $2.0 million to $2.5 million for employee separations and $0.5 million to $0.7 million for other expenses directly related to the closure.
  evidence_url: https://www.sec.gov/Archives/edgar/data/37472/000095017024011243/0000950170-24-011243-index.htm

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