Flexsteel Industries Reports Fiscal Q4 2024 Sales Growth of 4.7% and Operating Income Increase

FLEXSTEEL INDUSTRIES INC

2024-FY EPS reported $1.91 revenue$412,752,000

Net sales rose 4.7% to $110.8M in Q4; full-year sales up 4.8% to $412.8M.
GAAP operating income increased to $7.6M (6.9% margin) in Q4 vs $4.2M (4.0%) prior year quarter.
Adjusted EPS for Q4 was $0.75, up from $0.36 in prior year quarter.
Debt repayments of $23.5M for the year reduced line of credit borrowings by 83%.
FY2025 outlook: sales $420-436M, GAAP operating margin 5.5%-6.5%.

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