FLEXSTEEL INDUSTRIES INC

For the period ended Sep 30, 2025. Filed Oct 22, 2025.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Sep 30, 2025 · Filed Oct 22, 2025

FLXS$71.47-2.7%Stored close · as of Nov 6, 2026

See the whole filing, with its images and exhibits

Contents

Consolidated Balance Sheets as of September 30, 2025, and June 30, 2025 (Unaudited)

CONSOLIDATED BALANCE SHEETS (UNAUDITED)

	September 30,	June 30,
	2025	2025
ASSETS
CURRENT ASSETS:
Cash and cash equivalents	$38,585	$40,006
Trade receivables - less allowances: September 30, 2025, $1,826, June 30, 2025, $1,790	35,243	35,229
Inventories	86,972	89,135
Other	14,567	8,002
Total current assets	175,367	172,372
NONCURRENT ASSETS:
Property, plant and equipment, net	36,440	36,212
Operating lease right-of-use assets	40,385	41,545
Deferred income taxes	9,084	12,444
Other assets	20,198	19,913
TOTAL ASSETS	$281,474	$282,486
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES:
Accounts payable - trade	$28,669	$25,617
Current portion of operating lease liabilities	7,971	7,809
Accrued liabilities:
Payroll and related items	5,889	11,260
Insurance	1,798	1,950
Sales and advertising related items	7,930	8,061
Other	6,249	7,317
Total current liabilities	58,506	62,014
LONG-TERM LIABILITIES:
Operating lease liabilities, less current maturities	49,842	51,561
Other liabilities	942	1,049
Total liabilities	109,290	114,624
SHAREHOLDERS' EQUITY:
Common stock - $1 par value; authorized 15,000 shares; 8,579 shares issued and 5,340 outstanding as of September 30, 2025; 8,514 shares issued and5,307 outstanding as of June 30, 2025	8,579	8,514
Additional paid-in capital	39,795	40,644
Treasury stock, at cost; 3,238 shares as of September 30, 2025, and 3,207 shares as ofJune 30, 2025	(72,861)	(71,731)
Retained earnings	196,671	190,435
Total shareholders' equity	172,184	167,862
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$281,474	$282,486

CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (UNAUDITED)

(Amounts in thousands, except per share data)

	Three Months Ended
	September 30,
	2025	2024
Net sales	$110,439	$104,007
Cost of goods sold	84,493	81,639
Gross profit	25,946	22,367
Selling, general and administrative expenses	16,959	16,320
Operating income	8,987	6,047
Other income (expense):
Interest income	391	—
Interest (expense)	—	(51)
Income before income taxes	9,378	5,996
Income tax provision	2,051	1,856
Net income and comprehensive income	$7,327	$4,140
Weighted average number of common shares outstanding:
Basic	5,307	5,203
Diluted	5,598	5,576
Earnings per share of common stock:
Basic	$1.38	$0.80
Diluted	$1.31	$0.74

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY (UNAUDITED)

Total Par
Value of
Common · Additional
Shares · Paid-In · Treasury · Retained
	($1 Par)	Capital	Stock	Earnings	Total
Balance on June 30, 2025	$8,514	$40,644	$(71,731)	$190,435	$167,862
Stock-based compensation	4	1,113	—	—	$1,117
Vesting of restricted stock units	60	(1,991)	—	—	$(1,931)
Stock options exercised, net	1	29	—	—	$30
Treasury stock purchases	—	—	(1,130)	—	$(1,130)
Cash dividends declared	—	—	—	(1,091)	$(1,091)
Net income	—	—	—	7,327	$7,327
Balance on September 30, 2025	$8,579	$39,795	$(72,861)	$196,671	$172,184

Total Par
Value of
Common · Additional
Shares · Paid-In · Treasury · Retained
	($1 Par)	Capital	Stock	Earnings	Total
Balance on June 30, 2024	$8,407	$39,573	$(71,731)	$174,118	$150,367
Stock-based compensation	3	1,135	—	—	1,138
Stock options exercised, net	4	(36)	—	—	(32)
Cash dividends declared	—	—	—	(910)	(910)
Net income	—	—	—	4,140	4,140
Balance on September 30, 2024	$8,414	$40,672	$(71,731)	$177,348	$154,703

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.