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Flexsteel Turns a Page

Flexsteel Turns a Page
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Flexsteel Industries Appoints Kathryn P. Dickson to its Board of Directors

Flexsteel Industries Appoints Kathryn P. Dickson to its Board of Directors
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Despite stronger sales, Flexsteel is impeded by foam, container shortage

Print
Furniture giant Flexsteel, number 28 on the FDMC 300, reported strong sales increases for the quarter ending March 31, 2021.
Net sales increased nearly 20 percent to $118.4 million compared to $98.8 million over the same period last year. Organic net sales, excluding its discontinued vehicle seating and hospitality lines, increased 32.9 percent. Gross margin increased to 19.5 percent over last year s 14.0 percent. Record backlog growth of 131 percent was also seen.
The company faces issues related to its supply chain, however:
In the near term, our biggest obstacle to achieving our full sales growth potential, overcoming the global supply chain challenges which our entire industry is currently battling, said CEO Jerry Dittmer in an earnings call. The biggest supply chain impediments which we face right now are material availability, namely foam and the ocean container availability and transit speed. ....

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FLEXSTEEL INDUSTRIES, INC. (FLXS) Q3 2021 Earnings Call Transcript

FLEXSTEEL INDUSTRIES, INC. (FLXS) Q3 2021 Earnings Call Transcript
Motley Fool Transcribing
© The Motley Fool
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FLEXSTEEL INDUSTRIES, INC. (NASDAQ: FLXS)
Q3 2021 Earnings Call
Good morning, and welcome to the Flexsteel Industries third-quarter fiscal-year 2021 earnings results conference call. [Operator instructions]. Please note, this event is being recorded. I would now like to turn the conference over to Derek Schmidt, chief financial officer and chief operating officer for Flexsteel Industries.
Please go ahead.
Chief Financial Officer and Chief Operating Officer
Thank you and welcome to today s call to discuss Flexsteel Industries third-quarter fiscal-year 2021 financial results. Our earnings release, which we issued after market closed yesterday, Monday, April 26th, is a vailable on the Investor Relations section of our website at www.flexsteel.com under News & Events. I am her ....

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FLEXSTEEL INDUSTRIES, INC. (FLXS) Q2 2021 Earnings Call Transcript

Operator
Good morning, and welcome to the Flexsteel Industries second-quarter fiscal-year 2021 earnings conference call. [Operator instructions] Please note this event is being recorded. I would now like to turn the conference over to Derek Schmidt, chief financial officer and chief operating officer for Flexsteel Industries. Please go ahead.
Derek Schmidt
Chief Financial Officer and Chief Operating Officer
Thank you, and welcome to today s call to discuss Flexsteel Industries second-quarter fiscal-year 2021 financial results. Our earnings release, which we issued after market close yesterday, Monday, January 25, is available on the Investor Relations section of our website at www.flexsteel.com, under News & Events. I m here today with Jerry Dittmer, president and chief executive officer. On today s call, we will provide prepared remarks, and then we will open up the call to your questions. ....

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