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Flexsteel posts third quarter profit

Flexsteel posts third quarter profit

DUBUQUE, Iowa — Flexsteel Industries reported fiscal third-quarter net income of $7.6 million.

On a per-share basis, the Dubuque, Iowa-based company said it had net income of 96 cents.

The furniture maker posted revenue of $120.8 million in the period.

Flexsteel shares have declined 15 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $52.72, a climb of 40 percent in the last 12 months.

 

SOURCE: Flexsteel Industries press release

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About Rebecca Smith

Rebecca Smith is a Wisconsin native currently living in Illinois with her husband, Eric, and two dogs, Maggie and Grace. She enjoys hiking, biking, kayaking and, of course, camping in cabins and park models.

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