earnings
confidence high
sentiment negative
materiality 0.80
Flexsteel Q3 net sales $114M (+6.3% YoY); GAAP loss $0.71/sh on $14.1M impairment; adj. EPS $1.13
FLEXSTEEL INDUSTRIES INC
2025-Q3 EPS
reported $1.70
vs consensus $0.80
▲ beat
(+113.7%)
- Net sales $114.0M, up 6.3% YoY, sixth consecutive quarter of year-over-year growth.
- GAAP operating loss ($5.1M) due to $14.1M non-cash impairment of Mexicali facility lease right-of-use asset.
- Adjusted operating income $8.3M (7.3% margin) vs $5.6M (5.2%) prior year; adjusted EPS $1.13 vs $0.67.
- Cash from operations $12.3M; ending cash $22.6M; no line-of-credit borrowings at quarter end.
- Q4 FY2025 guidance: sales growth (2%) to 5% YoY; GAAP & adjusted operating margin 6.0%-7.3%.