FLXS on Nasdaq

FLEXSTEEL INDUSTRIES INC

American household furniture company based in Roseville, active since 1929. Summary from the record

Price unavailable

Last updated Oct 19, 2026.

Overview

$459.2MRevenue, fiscal 20263
$33.1MNet income, fiscal 20263

Compare with Purple Innovation, Inc., Kimball International or HOOKER FURNISHINGS Corp, or pick any stock.

  • TickerFLXS on Nasdaq2
  • IndustryHousehold Furniture2
  • HeadquartersRoseville, United States2
  • Incorporated inMN4
  • Business address385 Bell St., Dubuque, Ia 520014
  • Filer categoryAccelerated filer, Smaller reporting company4
  • Legal formBusiness Corporation2
  • LEI894500J5Y3ZZOOJXXN242
  • StatusActive2
  • LEI statusLapsed (not renewed)2
  • Registered address2345 Rice Street, 55113 Roseville, United States2
  • Registered withOffice of the Minnesota Secretary of State Business & Lien system, 176-AA2

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Flexsteel Industries, Inc. and Subsidiaries (the “Company,” “Flexsteel,” or “Our”) is one of the largest residential furniture manufacturers, importers, and marketers in the U.S. Flexsteel addresses different consumer groups through our core brand, Flexsteel, and several category-specific sub-brands: Zecliner, Statements, Zen, Perfect Match, and Pulse, all of which have unique value propositions tailored to specific consumer needs. We offer a wide assortment of product solutions for different areas within the home including stationary and motion sofas, loveseats, chairs, and sectionals, as well as bedroom furniture, dining tables and chairs, occasional and entertainment tables, and kitchen storage. For more than 130 years, Flexsteel has strived to create strong consumer value with unmatched quality, comfort, and durability, backed by innovation and highlighted by its patented Blue Steel …5 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2026

24.7%Gross margin3
9.3%Operating margin3
7.2%Net margin3
4.1%Revenue growth, 20263
24.8%Return on equity3
$47.6MFree cash flow3

Where the money goes

Where each dollar of revenue went, fiscal 2026

  • Cost of revenue75¢$345.7M
  • Research and development1¢$2.6M
  • Selling, general and admin15¢$70.9M
  • Interest0¢$22.0K
  • Income tax2¢$10.7M
  • Profit7¢$33.1M

Out of $459.2M in revenue.3

Where each dollar of operating cash went, fiscal 2026

  • Capital spending8¢$3.9M
  • Dividends paid8¢$4.4M
  • Kept or used elsewhere84¢$43.2M

Out of $51.5M of cash from operations.3

Financial statements

Revenue6789103$459.2M in 2026+4% since 2019
0$200.0M$400.0M$600.0M2019: $443.6M$443.6M20192020: $366.9M$366.9M2020−17%2021: $478.9M$478.9M2021+31%2022: $544.3M$544.3M2022+14%2023: $393.7M$393.7M2023−28%2024: $412.8M$412.8M2024+5%2025: $441.1M$441.1M2025+7%2026: $459.2M$459.2M2026+4%
Gross profit6789103$113.4M in 2026+62% since 2019
0$50.0M$100.0M$150.0M2019: $69.9M$69.9M20192020: $53.1M$53.1M2020−24%2021: $96.7M$96.7M2021+82%2022: $72.7M$72.7M2022−25%2023: $70.9M$70.9M2023−2%2024: $87.2M$87.2M2024+23%2025: $97.9M$97.9M2025+12%2026: $113.4M$113.4M2026+16%
Operating income6789103$42.5M in 2026
-$50.0M-$25.0M0$25.0M$50.0M2019: -$43.2M-$43.2M20192020: -$34.4M-$34.4M2020−20%2021: $31.2M$31.2M20212022: $6.6M$6.6M2022−79%2023: $10.5M$10.5M2023+59%2024: $17.1M$17.1M2024+62%2025: $26.6M$26.6M2025+56%2026: $42.5M$42.5M2026+60%
Net income6789103$33.1M in 2026
-$40.0M-$20.0M0$20.0M$40.0M2019: -$32.6M-$32.6M20192020: -$26.8M-$26.8M2020−18%2021: $23.0M$23.0M20212022: $1.9M$1.9M2022−92%2023: $14.8M$14.8M2023+698%2024: $10.5M$10.5M2024−29%2025: $20.2M$20.2M2025+91%2026: $33.1M$33.1M2026+64%

Every line of the income statement as filed: the last 3 fiscal years, latest first.3

Period ending2026-06-302025-06-302024-06-30
Net sales$459.2M$441.1M$412.8M
Cost of goods sold$345.7M$343.1M$325.5M
Gross profit$113.4M$97.9M$87.2M
Selling, general and administrative expenses$70.9M$66.7M$70.4M
Restructuring expense$3.0M
Right-of-use asset impairment$14.1M
(Gain) on sale of real estate-$753.0K
(Gain) on disposal of assets held for sale-$8.7M-$3.3M
Operating income$42.5M$26.6M$17.1M
Interest income$1.3M$421.0K$20.0K
Interest (expense)-$22.0K-$70.0K-$1.6M
Income before income taxes$43.8M$27.0M$15.6M
Income tax provision$10.7M$6.8M$5.0M
Net income and comprehensive income$33.1M$20.2M$10.5M
Basic5.1M shares5.2M shares5.2M shares
Diluted5.5M shares5.7M shares5.5M shares
Basic$6.46$3.84$2.04
Diluted$6.07$3.55$1.91

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Leadership

Who has led FLEXSTEEL INDUSTRIES INC, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Kenneth B. Lauritsen2006
  2. Ronald J. Klosterman2007–2012
  3. Karel K. Czanderna2012–2017
  4. Jerald K. Dittmer2019–2023
  5. Derek P. Schmidt2024–now

President

  1. Ronald J. Klosterman2006–2012
  2. Karel K. Czanderna2012–2017
  3. Jeffrey T. Bertsch2018
  4. Jerald K. Dittmer2019–2023
  5. Derek P. Schmidt2024–now

Chief financial officer

  1. Marcus D. Hamilton2018–2020
  2. Derek P. Schmidt2020–2023
  3. Gilbert Alejandro Huerta2022
  4. Michael J. Ressler2024–now

Chief operating officer

  1. Ronald J. Klosterman2006
  2. Derek P. Schmidt2020–2023
2010201520202025
Board members and other officers (38)

Timeline

  1. Jul 2, 2024New chief executive Derek P. Schmidt becomes CEO14
  2. Jan 2, 2019New chief executive Jerald K. Dittmer becomes CEO15
  3. Jul 3, 2012New chief executive Karel K. Czanderna becomes CEO16
  4. Dec 11, 2007New chief executive Ronald J. Klosterman becomes CEO17
  5. Dec 13, 2006New chief executive Kenneth B. Lauritsen becomes CEO18
  6. Dec 31, 1929Founded FLEXSTEEL INDUSTRIES INC is founded2

Filings

357 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 44 major events, 232 insider forms, 28 large holders, 33 other. The latest 20:

  1. Oct 8, 2026SCHEDULE 13G/A EDGAR
  2. Oct 2, 20264/A PRIMARY DOCUMENT EDGAR
  3. Sep 17, 20264 PRIMARY DOCUMENT EDGAR
  4. Sep 17, 20264 PRIMARY DOCUMENT EDGAR
  5. Sep 17, 20264 PRIMARY DOCUMENT EDGAR
  6. Sep 17, 20264 PRIMARY DOCUMENT EDGAR
  7. Sep 17, 20264 PRIMARY DOCUMENT EDGAR
  8. Sep 17, 20264 PRIMARY DOCUMENT EDGAR
  9. Sep 16, 20264 PRIMARY DOCUMENT EDGAR
  10. Sep 15, 20263 PRIMARY DOCUMENT EDGAR
  11. Sep 14, 2026144/A EDGAR
  12. Sep 11, 20268-K EDGAR
  13. Sep 8, 20264 PRIMARY DOCUMENT EDGAR
  14. Sep 8, 20264 PRIMARY DOCUMENT EDGAR
  15. Sep 4, 20264 PRIMARY DOCUMENT EDGAR
  16. Sep 3, 2026144 EDGAR
  17. Sep 3, 20264 PRIMARY DOCUMENT EDGAR
  18. Sep 3, 20264 PRIMARY DOCUMENT EDGAR
  19. Sep 1, 20264 PRIMARY DOCUMENT EDGAR
  20. Sep 1, 20264 PRIMARY DOCUMENT EDGAR

The 357 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

38 open-market trades by officers, directors and large owners since October 2021: 18 buys and 20 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Sep 15, 2026Creekmuir William S.DirectorSale1,000$81.03$81.0KForm 4
Sep 14, 2026Creekmuir William S.DirectorSale2,950$81.33$239.9KForm 4
Sep 8, 2026Kammes Stacy MarieVP Talent, Customer ExperienceSale2,750$82.66$227.3KForm 4
Sep 4, 2026Creekmuir William S.DirectorSale3,100$81.58$252.9KForm 4
Sep 3, 2026Culbreth Michael ScottDirectorSale4,000$80.85$323.4KForm 4
Sep 1, 2026McClaflin Michael JosephChief Information OfficerSale2,500$81.45$203.6KForm 4
Sep 1, 2026Creekmuir William S.DirectorSale3,008$81.55$245.3KForm 4
Aug 31, 2026McClaflin Michael JosephChief Information OfficerSale2,500$79.57$198.9KForm 4
Aug 28, 2026Creekmuir William S.DirectorSale3,100$81.85$253.7KForm 4
Aug 28, 2026McClaflin Michael JosephChief Information OfficerSale2,000$82.94$165.9KForm 4
Aug 21, 2026Kammes Stacy MarieVP Talent, Customer ExperienceSale2,250$81.01$182.3KForm 4
Aug 21, 2026Crimmins David EdwardChief Growth OfficerSale4,494$80.91$363.6KForm 4
Aug 20, 2026McClaflin Michael JosephChief Information OfficerSale500$79.66$39.8KForm 4
Aug 20, 2026Crimmins David EdwardChief Growth OfficerSale1,262$79.03$99.7KForm 4
Sep 5, 2025McClaflin Michael JosephChief Information OfficerSale2,600$46.75$121.5KForm 4
Nov 4, 2024McClaflin Michael JosephChief Information OfficerSale3,012$58.00$174.7KForm 4
Nov 1, 2024McClaflin Michael JosephChief Information OfficerSale2,039$57.00$116.2KForm 4
Oct 30, 2024McClaflin Michael JosephChief Information OfficerSale90$59.33$5.3KForm 4
Feb 10, 2023Newlin Timothy PatrickVP-Strategic Business DevSale2,000$19.73$39.5KForm 4
Feb 9, 2023Newlin Timothy PatrickVP-Strategic Business DevSale2,000$20.00$40.0KForm 4

All 38 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Dimensional Fund Advisors LP365,518$27.2M0.0%+8,223
BlackRock, Inc.276,437$20.6M0.0%−2,269
American Century Companies Inc168,615$12.6M0.0%+26,588
Vanguard Capital Management LLC156,470$11.7M0.0%−31,887
Renaissance Technologies LLC146,955$10.9M0.0%+4,755
Geode Capital Management, LLC94,894$7.1M0.0%+3,856
Punch & Associates Investment Management, Inc.91,525$6.8M0.3%No change
State Street Corp78,384$5.9M0.0%+1,008
Jacobs Levy Equity Management, Inc75,796$5.6M0.0%+42,268
Bridgeway Capital Management, LLC66,080$4.9M0.1%+2,263
RBF Capital, LLC55,000$4.1M0.2%No change
Ameriprise Financial Inc47,590$3.5M0.0%+35,318
Bank of New York Mellon Corp47,563$3.5M0.0%+1,330
Goldman Sachs Group Inc40,749$3.0M0.0%+12,138
Fmr LLC40,232$3.0M0.0%+1,643
First Eagle Investment Management, LLC40,000$3.0M0.0%New
Northern Trust Corp37,229$2.8M0.0%−5,578
North Star Investment Management Corp.36,400$2.7M0.1%−18,000
Inspire Investing, LLC34,344$2.6M0.1%New
Empowered Funds, LLC33,021$2.5M0.0%+2,263
O'shaughnessy Asset Management, LLC32,377$2.4M0.0%+15,799
Panagora Asset Management Inc32,008$2.4M0.0%+5,944
D. E. Shaw & Co., Inc.31,946$2.4M0.0%−8,631
Lazard Asset Management LLC31,485$2.3M0.0%+10,191
Aqr Capital Management LLC29,961$2.2M0.0%+20,544

13F reports cover disclosed long positions in U.S. stocks only.

Sources

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