FLXS

Flexsteel Industries, Inc. (NASDAQ:FLXS) announced strong profits, but the stock was stagnant. Our analysis suggests that this might be because shareholders have noticed some concerning underlying factors. AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. To properly understand Flexsteel Industries' profit results, we need to consider the US$3.7m gain attributed to unusual items. We can't deny that higher profits generally leave us optimistic, but we'd prefer it if the profit were to be sustainable. We ran the numbers on most publicly listed companies worldwide, and it's very common for unusual items to be once-off in nature. Which is hardly surprising, given the name. Assuming those unusual items don't show up again in the current year, we'd thus expect profit to be weaker next year (in the absence of business growth, that is). That might leave you wondering what analysts are forecasting in terms of future profitability. Luckily, you can click here to see an interactive graph depicting future profitability, based on their estimates. Arguably, Flexsteel Industries' statutory earnings have been distorted by unusual items boosting profit. Therefore, it seems possible to us that Flexsteel Industries' true underlying earnings power is actually less than its statutory profit. But the good news is that its EPS growth over the last three years has been very impressive. At the end of the day, it's essential to consider more than just the factors above, if you want to understand the company properly. Keep in mind, when it comes to analysing a stock it's worth noting the risks involved. For instance, we've identified 2 warning signs for Flexsteel Industries (1 is a bit unpleasant) you should be familiar with. Today we've zoomed in on a single data point to better understand the nature of Flexsteel Industries' profit. But there are plenty of other ways to inform your opinion of a company. For example, many people consider a high return on equity as an indication of favorable business economics, while others like to 'follow the money' and search out stocks that insiders are buying. So you may wish to see this free collection of companies boasting high return on equity, or this list of stocks with high insider ow...

Flexsteel Industries (FLXS) could be a solid addition to your portfolio given a notable revision in the company's earnings estimates. While the stock has been gaining lately, the trend might continue since its earnings outlook is still improving. The upward trend in estimate revisions for this furniture maker reflects growing optimism of analysts on its earnings prospects, which should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. Our stock rating tool -- the Zacks Rank -- is principally built on this insight. The five-grade Zacks Rank system, which ranges from a Zacks Rank #1 (Strong Buy) to a Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record of outperformance, with Zacks #1 Ranked stocks generating an average annual return of +25% since 2008. For Flexsteel Industries, strong agreement among the covering analysts in revising earnings estimates upward has resulted in meaningful improvement in consensus estimates for the next quarter and full year. The chart below shows the evolution of forward 12-month Zacks Consensus EPS estimate: The company is expected to earn $1.03 per share for the current quarter, which represents a year-over-year change of -26.4%. Over the last 30 days, one estimate has moved higher for Flexsteel compared to no negative revisions. As a result, the Zacks Consensus Estimate has increased 28.75%. For the full year, the earnings estimate of $4.65 per share represents a change of +11.5% from the year-ago number. There has been an encouraging trend in estimate revisions for the current year as well. Over the past month, one estimate has moved up for Flexsteel versus no negative revisions. This has pushed the consensus estimate 13.69% higher. The promising estimate revisions have helped Flexsteel earn a Zacks Rank #2 (Buy). The Zacks Rank is a tried-and-tested rating tool that helps investors effectively harness the power of earnings estimate revisions and make the right investment decision. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Our research shows that stocks with Zacks Rank #1 (Strong Buy) and 2 (Buy) significantly outperform the S&P 500. While strong estimate revisions for Flexsteel have attracted decent investments and pushed the stock 10% hi...

Hasbro, Inc. HAS reported preliminary results for the first quarter ended March 29, 2026, indicating growth in both revenues and operating profit. The performance was supported by continued strength in MAGIC: THE GATHERING. The company also reiterated its full-year 2026 guidance and plans to release complete results before the market opens on May 20, 2026. Following the news, shares of HAS gained 6.6% during the trading session yesterday. Preliminary figures showed solid growth across key financial metrics. Revenues are expected to be in the range of $970 million to $985 million, indicating an increase of 9% to 11% compared with the year-ago quarter. Operating profit is projected between $235 million and $245 million, up 38% to 44% from the prior-year period. Adjusted operating profit is expected to be between $250 million and $260 million, representing growth of 12% to 17% compared with the same period last year. The company reaffirmed its full-year 2026 outlook. Total revenues are expected to grow 3% to 5% in constant currency. Adjusted operating margin is projected in the range of 24% to 25%. Adjusted EBITDA is expected between $1.40 billion and $1.45 billion. The company identified unauthorized access to its network, which has now been contained with support from cybersecurity experts. The incident did not affect first-quarter financial results but led to delays in reporting due to temporary system shutdowns. Further review of potentially impacted data remains ongoing. The company is executing business continuity plans to maintain operations. Order processing and product shipments are ongoing. MAGIC: THE GATHERING releases have continued as planned, including the April 2026 launch of Secrets of Strixhaven. Within the Consumer Products segment, shipments are ongoing. Some impact is expected in the second quarter due to delays in order processing, shipping and invoicing. Most of the delayed shipments are expected to be recovered in the second half of 2026. The second quarter is also expected to include certain costs related to the investigation and advisory services linked to the network incident. Further updates are expected during the upcoming earnings call. Image Source: Zacks Investment Research Shares of Hasbro have gained 23.7% in the past six months compared with the Zacks Toys-Games-Hobbies industry’s 7.8% rise. The company is benefiting from disci...

This article first appeared on GuruFocus. Net Sales: $115.1 million, a growth of 1% compared to $114 million in the prior year quarter. Operating Income: $8.2 million or 7.1% of sales, compared to an operating loss of $5.1 million in the prior year quarter. Operating Margin: Decreased by 20 basis points to 7.1% compared to an adjusted operating margin of 7.3% in the prior year quarter. Sales Order Backlog: $79.5 million, up approximately 1.5% year-over-year, but down 3.5% sequentially from the second quarter. Cash Balance: $57.3 million at the end of the quarter. Working Capital: $142.2 million with no bank debt. Cash Flow from Operations: $22.1 million, primarily due to a $14.5 million reduction in inventory. Warning! GuruFocus has detected 1 Warning Sign with FLXS. Is FLXS fairly valued? Test your thesis with our free DCF calculator. Release Date: April 21, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Flexsteel Industries Inc (NASDAQ:FLXS) delivered relatively stable year-over-year sales performance despite challenging conditions, with net sales of $115.1 million, a 1% increase from the prior year. The company maintained solid operating margins of approximately 7%, reflecting strong operational discipline and productivity improvements. Flexsteel Industries Inc (NASDAQ:FLXS) has a strong balance sheet with a cash balance of $57.3 million, working capital of $142.2 million, and no bank debt, providing financial flexibility. The company's strategic accounts, new product introductions, and health and wellness category continued to perform well, indicating that foundational growth drivers remain intact. Flexsteel Industries Inc (NASDAQ:FLXS) successfully mitigated the impact of tariffs on operating margins through cost savings initiatives, operational efficiencies, and pricing actions. Demand trends were uneven throughout the quarter, with orders down approximately 2.4%, influenced by severe weather and macroeconomic uncertainty. The company is facing increased cost pressures, particularly related to higher fuel and energy costs due to geopolitical developments in the Middle East. A fire at a chemical factory in Texas is causing production issues for polyol, a key chemical for upholstered furniture, potentially leading to product shortages and extended lead times. The tariff environment remains highly...

Q3 results: Net sales were $115.1M, up about 1% year‑over‑year, with GAAP operating income of $8.2M (≈7% margin), as pricing tied to tariff surcharges helped offset lower unit volumes. Demand and cost risks: Orders fell roughly 2.4% amid severe weather early in the quarter and a March pullback linked to Middle East‑related consumer uncertainty, while rising energy costs and a polyol supply disruption threaten higher costs and longer lead times. Balance sheet and outlook: Flexsteel exited the quarter with $57.3M cash, no bank debt and $142.2M working capital, plans continued investment and shareholder returns, and expects Q4 sales to be relatively flat with similar margins. Interested in Flexsteel Industries, Inc.? Here are five stocks we like better. Hooker Furnishings Discount To Book, A Value Play? Flexsteel Industries (NASDAQ:FLXS) reported third-quarter fiscal 2026 results that management described as steady despite what it called an increasingly uncertain demand and cost environment. On the company’s earnings call, President and CEO Derek Schmidt said demand patterns shifted during the quarter due to “severe weather early in the quarter” and “heightened macroeconomic uncertainty stemming from the conflict in the Middle East,” which he said has weighed on consumer confidence, increased market volatility, and contributed to rising energy costs. “Against this backdrop and a strong prior year comparison, we delivered relatively stable year-over-year sales performance in the quarter and maintained solid operating margins of approximately 7%,” Schmidt said, adding that growth drivers such as Strategic Accounts, new product introductions, and the Health and Wellness category continued to perform, though at “more moderate growth levels” than in recent periods. → Credo Stock Flashes Strong Bullish Signal—Upswing Just Starting Flexsteel Is Flexing Its Muscles, Again Chief Financial Officer Michael Ressler said net sales rose 1% year over year to $115.1 million, compared with $114.0 million in the prior-year quarter. He attributed the increase primarily to pricing actions tied to tariff surcharges, which were partially offset by lower unit volume, “particularly in our made-to-order, ready-to-assemble, and casegoods categories.” Ressler reported GAAP operating income of $8.2 million, or 7.1% of sales, versus a GAAP operating loss of $5.1 million in the prior-year q...

Flexsteel Industries (FLXS) came out with quarterly earnings of $1.14 per share, beating the Zacks Consensus Estimate of $0.75 per share. This compares to earnings of $1.13 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +52.00%. A quarter ago, it was expected that this furniture maker would post earnings of $0.79 per share when it actually produced earnings of $1.18, delivering a surprise of +49.37%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. Flexsteel, which belongs to the Zacks Furniture industry, posted revenues of $115.13 million for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 1.22%. This compares to year-ago revenues of $113.97 million. The company has topped consensus revenue estimates four times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Flexsteel shares have added about 18.1% since the beginning of the year versus the S&P 500's gain of 4.1%. While Flexsteel has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Flexsteel was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) s...

DUBUQUE, Iowa (AP) — DUBUQUE, Iowa (AP) — Flexsteel Industries Inc. (FLXS) on Monday reported net income of $6.4 million in its fiscal third quarter. The Dubuque, Iowa-based company said it had profit of $1.14 per share. The furniture maker posted revenue of $115.1 million in the period. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FLXS at https://www.zacks.com/ap/FLXS

Conference call and webcast to be held on Tuesday, April 21, 2026 DUBUQUE, Iowa, April 06, 2026--(BUSINESS WIRE)--Flexsteel Industries, Inc. (NASDAQ:FLXS) ("Flexsteel" or the "Company"), one of the largest manufacturers, importers, and marketers of residential furniture products in the United States, announced today that it will issue its third quarter 2026 financial results after market close on Monday, April 20, 2026. A conference call and audio webcast with analysts and investors will be held on Tuesday, April 21, 2026, at 8:00 a.m. Central Time to discuss the results and answer questions. Live conference call: 833-816-1123 (domestic) or 412-317-0710 (international) Conference call replay available through April 28, 2026: 855-669-9658 (domestic) or 412-317-0088 (international) Replay access code: 6008790 Live and archived webcast: https://ir.flexsteel.com To pre-register for the earnings conference call and avoid the need to wait for a live operator, investors can visit https://dpregister.com/sreg/10207340/103849873e8 and enter their contact information. Registered participants will receive their dial-in number upon registration. The third quarter 2026 earnings release can be accessed at https://ir.flexsteel.com after market close on Monday, April 20, 2026. About Flexsteel Flexsteel Industries, Inc., and Subsidiaries (the "Company") is one of the largest residential furniture manufacturers, importers, and marketers in the U.S., known for crafting comfortable, durable seating and timeless designs for rooms throughout the home. For more than 130 years, Flexsteel has built furniture with care, highlighted by its patented Blue Steel Spring technology that delivers lasting comfort and support. Today, Flexsteel products are available nationwide through retail partners and online channels, helping people create inviting, livable spaces they can enjoy for years to come. View source version on businesswire.com: https://www.businesswire.com/news/home/20260406923686/en/ Contacts INVESTOR CONTACT: Mike Ressler, Flexsteel Industries, Inc. 563-585-8116 [email protected]

Bassett Furniture (BSET) came out with quarterly earnings of $0.13 per share, missing the Zacks Consensus Estimate of $0.17 per share. This compares to earnings of $0.21 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -23.53%. A quarter ago, it was expected that this furniture seller would post earnings of $0.3 per share when it actually produced earnings of $0.23, delivering a surprise of -23.33%. Over the last four quarters, the company has surpassed consensus EPS estimates just once. Bassett, which belongs to the Zacks Furniture industry, posted revenues of $80.34 million for the quarter ended February 2026, missing the Zacks Consensus Estimate by 4.29%. This compares to year-ago revenues of $82.16 million. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Bassett shares have lost about 15.6% since the beginning of the year versus the S&P 500's decline of 4.6%. While Bassett has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Bassett was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #5 (Strong Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stock...

MillerKnoll (MLKN) came out with quarterly earnings of $0.43 per share, missing the Zacks Consensus Estimate of $0.45 per share. This compares to earnings of $0.44 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -4.44%. A quarter ago, it was expected that this furniture maker would post earnings of $0.42 per share when it actually produced earnings of $0.43, delivering a surprise of +2.38%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. MillerKnoll, which belongs to the Zacks Furniture industry, posted revenues of $926.6 million for the quarter ended February 2026, missing the Zacks Consensus Estimate by 1.59%. This compares to year-ago revenues of $876.2 million. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. MillerKnoll shares have added about 4.5% since the beginning of the year versus the S&P 500's decline of 4.2%. While MillerKnoll has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for MillerKnoll was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) st...

DUBUQUE, Iowa, March 10, 2026--(BUSINESS WIRE)--Flexsteel Industries, Inc. (NASDAQ:FLXS) announced its Board of Directors declared a quarterly dividend of $0.20 per share, payable April 9, 2026, to shareholders of record as of March 30, 2026. Flexsteel has paid cash dividends on its common stock each year since 1938. This is the 337th consecutive quarterly cash dividend. About Flexsteel Flexsteel Industries, Inc. and Subsidiaries (the "Company") is one of the largest residential furniture manufacturers, importers, and marketers in the U.S., known for crafting comfortable, durable seating and timeless designs for rooms throughout the home. For more than 130 years, Flexsteel has built furniture with care, highlighted by its patented Blue Steel Spring technology that delivers lasting comfort and support. Today, Flexsteel products are available nationwide through retail partners and online channels, helping people create inviting, livable spaces they can enjoy for years to come. For more information, visit our website at http://www.flexsteel.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20260310704800/en/ Contacts INVESTOR CONTACT: Michael J. Ressler, Flexsteel Industries, Inc. 563-585-8116 [email protected]