---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-115947"
form_type: "8-K"
ticker: "FLXS"
cik: "0000037472"
company_name: "FLEXSTEEL INDUSTRIES INC"
filed_at: "2024-10-21T23:59:59+00:00"
generated_at: "2026-05-30T12:36:57.028958+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Flexsteel Q1 net sales up 10% to $104M; EPS $0.74 vs $0.14; raises FY guidance

## Summary
- GAAP net income $4.1M ($0.74/diluted share) vs $0.8M ($0.14) YoY.
- Gross margin expanded 200 bps to 21.5%; operating margin 5.8% vs 2.0%.
- Sales orders of $100.8M, up 9.4% YoY; fourth consecutive quarter of growth.
- FY2025 sales guidance raised to 3.5%-6.5% growth; operating margin 5.8%-6.5%.
- Cash $5.7M; $54.9M available on credit line; capex $0.4M in Q1.

## SEC filing metadata
- accession: 0000950170-24-115947
- form_type: 8-K
- ticker: FLXS
- cik: 0000037472
- company_name: FLEXSTEEL INDUSTRIES INC
- filed_at: 2024-10-21T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/37472/000095017024115947/0000950170-24-115947-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/37472/000095017024115947/flxs-20241021.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-115947
- JSON: https://secwatch.observer/filing/0000950170-24-115947.json
- Plain text: https://secwatch.observer/filing/0000950170-24-115947.txt

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