FLEXSTEEL INDS DL 1

Flexsteel has appointed Dr. Anand Kangala, effective Wednesday, as an independent member of its board of directors. Kangala will serve on the audit and ethics committee and is expected to contribute his experience in digital transformation, modernization of corporate technology and AI‑driven business optimization. He is currently chief digital and technology officer at Trex and previously held leadership positions at Home Depot, Edward Jones, Carter’s, Cato Corporation and Lowe’s. » More on de.investing.com

At the Midwest IDEAS conference, Flexsteel reported eleven consecutive quarters of year‑over‑year growth and an adjusted operating margin that rose from about 1% (2022) to 7.5% (fiscal 2026). Annual revenue is around $500 million, free cash flow recently exceeded $40 million per year, and more than $160 million has been returned to shareholders since 2020. The company uses a hybrid supply model (Asia plus in‑house production in Mexico) and cites product innovations—especially in the health & wellness category—as margin drivers. Flexsteel expects Q1 revenue growth of 1–4% and an operating margin of 6.5–7%, and targets long-term revenue of $750 million with an operating margin of >=8%, but sees near-term risks from high ocean freight costs and rising tariffs on furniture from Vietnam. » More on de.investing.com

Flexsteel Industries reported fiscal 2026 sales of about $459 million and a record adjusted diluted EPS of $4.94, with adjusted operating margin around 7.5%. Fourth-quarter results included a 780-basis-point benefit from tariff refunds and a 70-basis-point hit from exiting the Homestyles ready-to-assemble category, which contributed roughly $12 million in sales. The company repurchased about 1.3 million shares for $62.6 million, increased its dividend by 25% and ended the quarter debt-free with $16.7 million in cash. For fiscal Q1 2027 Flexsteel forecasts sales of $111 million to $115 million and an operating margin of 6.5% to 7%, citing inflation and supply-chain pressures and ongoing cost-mitigation actions. » More on finance.yahoo.com