FLXS on Nasdaq

FLEXSTEEL INDUSTRIES INC

American household furniture company based in Roseville, active since 19292

In its 2026 annual report the company says: “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. Today, Flexsteel products are available nationwide through retail partners and online channels. The Company operates in one reportable segment, furniture products.”6 Its shares trade on Nasdaq under the symbol FLXS.2

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Last updated Oct 21, 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

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 …6 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

Revenue78910113$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 profit78910113$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 income78910113$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 income78910113$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

Compare FLEXSTEEL INDUSTRIES INC with another company

Corporate structure

FLEXSTEEL INDUSTRIES INC sits at the top of its group. 5 entities, 3 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of FLEXSTEEL INDUSTRIES INC

  • FLEXSTEEL INDUSTRIES INC Roseville, Minnesota, United States
    • Desert Dreams, Inc. Subsidiary · Iowa, United States
    • DMI Sourcing Company, LLC Subsidiary · Kentucky, United States
    • Representative Office of Flexsteel Industries, Inc. in Ho Chi Minh City Subsidiary · Vietnam
    • Shelf Company No. 74 Subsidiary · Mexico

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What FLEXSTEEL INDUSTRIES INC reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$80.0M3 Jun 30, 2026$80.8M3 Jun 30, 2025−1.0%
Accumulated depreciation$44.0M3 Jun 30, 2026$44.6M3 Jun 30, 2025−1.4%
Property and equipment, net$36.0M3 Jun 30, 2026$36.2M3 Jun 30, 2025−0.7%
Operating-lease assets (leased space)$35.7M3 Jun 30, 2026$41.5M3 Jun 30, 2025−14.1%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$16.7M3 Jun 30, 2026$40.0M3 Jun 30, 2025−58.3%

Inventory

ItemLatestA year beforeChange
Inventory, total$90.6M3 Jun 30, 2026$89.1M3 Jun 30, 2025+1.6%
Raw materials$9.1M3 Jun 30, 2026$11.1M3 Jun 30, 2025−18.1%
Finished goods$79.7M3 Jun 30, 2026$75.4M3 Jun 30, 2025+5.8%

Properties, in its own words

The Company owns the following facilities as of June 30, 2026:

Approximate

The rest of Item 2

Location · Size (square feet) · Principal Operations

Edgerton, Kansas · 500,000 · Distribution

Huntingburg, Indiana · 337,000 · Distribution

Dubuque, Iowa · 40,000 · Corporate Office

The Company leases the following facilities as of June 30, 2026:

Approximate

Location · Size (square feet) · Principal Operations

Mexicali, Mexico · 508,000 · Manufacturing

Greencastle, Pennsylvania · 206,000 · Distribution

Juarez, Mexico · 225,000 · Manufacturing

Juarez, Mexico · 197,000 · Manufacturing

Juarez, Mexico · 131,000 · Manufacturing

High Point, North Carolina · 60,000 · Showroom

El Paso, Texas · 38,000 · Warehouse

High Point, North Carolina · 15,000 · Design and Engineering Center

Las Vegas, NV · 10,000 · Showroom

Shenzhen, China · 2,000 · Office

Bangkok, Thailand · 1,000 · Office

Binh Duong, Vietnam · 1,000 · Office

See Note 2, Leases, of the Notes to Consolidated Financial Statements included in this Annual Report on Form 10-K for further discussion of the leased assets.

Item 2 of the 10-K filed Aug 19, 2026.6

Leadership

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

Board members and other officers (38)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • DMI Sourcing Company, LLC Kentucky5
  • Desert Dreams, Inc. Iowa5
  • Representative Office of Flexsteel Industries, Inc. in Ho Chi Minh City Vietnam5
  • Shelf Company No. 74 Mexico5

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Timeline

  1. Sep 11, 20268-K Executive or director change; Regulation FD disclosure58
  2. Aug 17, 20268-K Results of operations; Regulation FD disclosure59
  3. Apr 28, 20268-K Entered a material agreement; Executive or director change; Regulation FD disclosure60
  4. Apr 20, 20268-K Results of operations; Regulation FD disclosure61
  5. Feb 2, 20268-K Results of operations; Regulation FD disclosure62
  6. Dec 16, 20258-K Executive or director change; Shareholder vote63
  7. Oct 20, 20258-K Results of operations; Regulation FD disclosure64
  8. Oct 9, 20258-K Executive or director change; Regulation FD disclosure65
  9. Aug 18, 20258-K Results of operations; Regulation FD disclosure66
  10. Jun 5, 20258-K Entered a material agreement67
  11. May 21, 20258-K Executive or director change; Regulation FD disclosure68
  12. Apr 21, 20258-K Results of operations; Regulation FD disclosure69
  13. Jul 2, 2024New chief executive Derek P. Schmidt becomes CEO15
  14. Jan 2, 2019New chief executive Jerald K. Dittmer becomes CEO16
  15. Jul 3, 2012New chief executive Karel K. Czanderna becomes CEO17
  16. Dec 11, 2007New chief executive Ronald J. Klosterman becomes CEO18
  17. Dec 13, 2006New chief executive Kenneth B. Lauritsen becomes CEO19
  18. Dec 31, 1929Founded FLEXSTEEL INDUSTRIES INC is founded2

Calendar

Coming up

  1. Oct 26, 2026 · After the closeReports results for the quarter ending Sep/2026 A year earlier it reported $1.31 a share, on Oct 20, 2025.70

When it reported results

  1. Aug 17, 2026Reported quarterly or annual results59
  2. Apr 20, 2026Reported quarterly or annual results61
  3. Feb 2, 2026Reported quarterly or annual results62
  4. Oct 20, 2025Reported quarterly or annual results64
  5. Aug 18, 2025Reported quarterly or annual results66
  6. Apr 21, 2025Reported quarterly or annual results69
  7. Feb 3, 2025Reported quarterly or annual results71
  8. Oct 21, 2024Reported quarterly or annual results72

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

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.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025Derek P. SchmidtPresident and Chief Executive Officer$570.0K$2.5M81
2025David E. CrimminsVice President of Sales and Product Management$352.0K$1.0M81
2025Michael J. ResslerChief Financial Officer$325.0K$890.7K81
2024Derek P. SchmidtPresident and Chief Executive Officer$470.0K$1.5M81
2024David E. CrimminsVice President of Sales and Product Management$335.0K$881.3K81

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.

SEC filer profile

How FLEXSTEEL INDUSTRIES INC is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARFLEXSTEEL INDUSTRIES INC1
  • CIK0000037472
  • Employer ID (EIN)42-04423196
  • Filer statusAccelerated filer not an emerging growth company; a smaller reporting company; not a shell company6
  • Incorporated inMinnesota6
  • Fiscal year endsJune 301
  • Industry code (SIC)2510 Household Furniture1
  • SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance1
  • Business address385 Bell St., Dubuque, IA 520011
  • Mailing addressP.O. Box 877, Dubuque, IA 52004-08771
  • Phone31955677301
  • Shares outstanding4,091,741 shares as of Aug 19, 20266
  • Public float$193.4M as of Dec 31, 20256
  • AuditorDeloitte & Touche LLP, Minneapolis, MN PCAOB ID 34; no auditor attestation of internal control over financial reporting6
  • On EDGAR sinceFeb 13, 19951
  • Filings1,731 in all: 4 (1,103), 8-K (211), 10-Q (95), SC 13G/A (59), 3 (34), DEF 14A (31), 10-K (26), SC 13G (23)1
    All 33 form types

    11-K (17), S-8 (16), 4/A (14), DEFA14A (13), SD (13), ARS (11), SCHEDULE 13G/A (10), 144 (9), UPLOAD (8), 10-K405 (6), 8-K/A (5), CORRESP (4), PRE 14A (4), SC TO-T/A (4), SC 13D (3), 144/A (2), NT 11-K (2), 10-Q/A (1), 11-K/A (1), 3/A (1), 5 (1), SC 13D/A (1), SC TO-C (1), SC TO-T (1), SCHEDULE 13D (1)

  • Latest filingsAnnual report (10-K) Aug 19, 2026
    Quarterly report (10-Q) Apr 22, 2026
    Proxy statement (DEF 14A) Oct 24, 2025
    Latest 8-K (8-K) Sep 11, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, $1.00 Par ValueFLXSThe Nasdaq Stock Market, LLC

From the cover page of the 10-K filed Aug 19, 2026 (Section 12(b) of the Exchange Act).6

Risk factors and legal proceedings

The risks FLEXSTEEL INDUSTRIES INC names in Item 1A of its 10-K filed Aug 19, 2026: 18 risks under these headings, as written.6

  • Changes in U.S. trade policy, including the imposition of tariffs and other trade restrictions, could materially adversely affect our business, financial condition and results of operations.
  • Claims relating to tariff refunds we have received could adversely affect our financial results.
  • Inflation and changes in foreign currency may impact our profitability.
  • The Company’s products are considered deferrable purchases for consumers during economic downturns. Prolonged negative economic conditions could impact the business.
  • Future success depends on the Company’s ability to manage its global supply chain.
  • Competition from U.S. and foreign finished product manufacturers may adversely affect the business, operating results or financial condition.
  • Future costs of complying with various laws and regulations may adversely impact future operating results.
  • Failure to anticipate or respond to changes in consumer or designer tastes and fashions in a timely manner could adversely affect the Company’s business and decrease sales and earnings.
  • Use of social media to disseminate negative commentary may adversely impact the Company’s reputation and business.
  • Public health events could have a materially adverse effect on our ability to operate, our ability to keep employees safe from a pandemic, our results of operations, and financial condition.
  • Business information systems could be impacted by disruptions and security breaches.
  • The use of AI technologies may present risks, including inaccurate or unreliable outputs, data privacy and cybersecurity concerns, and potential regulatory or legal requirements that may evolve over time
The other 6 risks
  • The implementation of a new business information system could disrupt the business.
  • The Company’s participation in a multi-employer pension plan may have exposure under the plan that could extend beyond what its obligations would be with respect to its employees.
  • Future results may be affected by various legal proceedings and compliance risk, including those involving product liability, environmental, or other matters.
  • We may experience impairment of our long-lived assets, which would decrease our earnings and net worth.
  • The Company’s success depends on its ability to recruit and retain key employees and highly skilled workers in a competitive labor market.
  • We may not be able to collect amounts owed to us.

Legal proceedings

See Note 14, Commitments and Contingencies, of the Notes to Consolidated Financial Statements included in this Annual Report on Form 10-K for discussion of legal proceedings.

The opening of Item 3, Legal Proceedings.6

Sources

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