FLEXSTEEL INDUSTRIES INC
FLXS · Household Furniture · 5.4M shares · -9%/yr ↓ buyback · EDGAR filings ↗
Reference price $46.75 · est. market cap ~$250M — last insider sale, 2025-09-05 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
B76Well-run furniture maker delivering best-in-sector returns and cash flow after a margin turnaround.
Strengths
- Sector-leading ROA (100th pct) and strong operating margin (75th), FCF margin (87.5th) and interest coverage (99th pct)
- Revenue up ~7% with 110bps gross-margin and 200bps SG&A improvement; net income jumped to $20.2M; strong liquidity (current ratio 2.78)
Risks
- Low gross margin (22nd pct) and heavy reliance on Vietnam/Mexico sourcing exposed to new 20% tariffs
- Deferrable consumer product vulnerable to housing/economic downturns; took a $14.1M Mexicali ROU impairment
Notable findings
- Exec changeRecent 8-K item 5.02 8-K ↗
- Customer concentration~17% of revenue from one customer/distributor — 1% in fiscal year 2025 compared to 17
- Buying back stockNet buyback — share count -9%/yr over 4y
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
22.2%
Operating margin
6.0%
Net margin
4.6%
Return on equity
12.0%
Return on assets
7.1%
Revenue growth (QoQ)
-2.6%
Net-income growth
91.4%
Interest coverage
380.2×
Current ratio
2.8×
Free cash flow
$34M
Tangible book value
$168M
Cash & investments
$40M
Stock comp / revenue
0.9%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-11 | Dickson Kathryn P | Grant | 395 | — |
| 2026-06-11 | Calloway Terence P. | Grant | 395 | — |
| 2026-06-11 | Culbreth Michael Scott | Grant | 395 | — |
| 2026-06-11 | Creekmuir William S. | Grant | 395 | — |
| 2026-06-11 | McGovern Jeanne | Grant | 395 | — |
| 2026-05-11 | Ressler Michael J | Tax withheld | 629 | $55.63 |
| 2026-05-11 | Ressler Michael J | Option exercise | 737 | $47.45 |
| 2026-05-04 | Culbreth Michael Scott | Gift | 350 | — |
| 2026-04-26 | Bertsch Frank Brooks | Disposition | 35K | $47.00 |
| 2026-03-12 | Dickson Kathryn P | Grant | 544 | — |
| 2026-03-12 | Calloway Terence P. | Grant | 544 | — |
| 2026-03-12 | Bertsch Frank Brooks | Grant | 544 | — |
| 2026-03-12 | McGovern Jeanne | Grant | 544 | — |
| 2026-03-12 | Culbreth Michael Scott | Grant | 544 | — |
| 2026-03-12 | Creekmuir William S. | Grant | 544 | — |
| 2026-02-08 | Ressler Michael J | Option exercise | 2.6K | — |
| 2026-02-08 | Ressler Michael J | Tax withheld | 1.3K | $57.55 |
| 2025-12-11 | Bertsch Frank Brooks | Grant | 589 | — |
| 2025-12-11 | Calloway Terence P. | Grant | 589 | — |
| 2025-12-11 | McGovern Jeanne | Grant | 589 | — |
| 2025-12-11 | Culbreth Michael Scott | Grant | 589 | — |
| 2025-12-11 | Dickson Kathryn P | Grant | 589 | — |
| 2025-12-11 | Creekmuir William S. | Grant | 589 | — |
| 2025-12-11 | Levine Thomas M | Grant | 589 | — |
| 2025-10-07 | Bertsch Frank Brooks | Gift | 8.7K | — |
| 2025-10-07 | Bertsch Frank Brooks | Gift | 94K | — |
| 2025-10-07 | Bertsch Frank Brooks | Gift | 68K | — |
| 2025-09-11 | Levine Thomas M | Grant | 504 | — |
| 2025-09-11 | Calloway Terence P. | Grant | 504 | — |
| 2025-09-11 | Bertsch Frank Brooks | Grant | 504 | — |
| 2025-09-11 | McGovern Jeanne | Grant | 504 | — |
| 2025-09-11 | Culbreth Michael Scott | Grant | 504 | — |
| 2025-09-11 | Dickson Kathryn P | Grant | 504 | — |
| 2025-09-11 | Creekmuir William S. | Grant | 504 | — |
| 2025-09-05 | McClaflin Michael Joseph | Sell | 2.6K | $46.75 |
| 2025-08-22 | Kammes Stacy Marie | Grant | 5.7K | — |
| 2025-08-22 | Kammes Stacy Marie | Tax withheld | 2.6K | $43.97 |
| 2025-08-22 | McClaflin Michael Joseph | Grant | 8.9K | — |
| 2025-08-22 | McClaflin Michael Joseph | Tax withheld | 4.3K | $43.97 |
| 2025-08-22 | Crimmins David Edward | Grant | 8.1K | — |
| 2025-08-22 | Crimmins David Edward | Tax withheld | 3.8K | $43.97 |
| 2025-08-22 | Ressler Michael J | Grant | 790 | — |
| 2025-08-22 | Ressler Michael J | Tax withheld | 341 | $43.97 |
| 2025-08-22 | Schmidt Derek P | Grant | 19K | — |
| 2025-08-22 | Schmidt Derek P | Tax withheld | 8.1K | $43.97 |
| 2025-08-21 | Culbreth Michael Scott | Gift | 700 | — |
| 2025-06-30 | Kammes Stacy Marie | Option exercise | 2.6K | — |
| 2025-06-30 | Kammes Stacy Marie | Tax withheld | 1.2K | $36.03 |
| 2025-06-30 | McClaflin Michael Joseph | Option exercise | 4.1K | — |
| 2025-06-30 | McClaflin Michael Joseph | Tax withheld | 2.0K | $36.03 |
| 2025-06-30 | Ressler Michael J | Option exercise | 364 | — |
| 2025-06-30 | Ressler Michael J | Tax withheld | 177 | $36.03 |
| 2025-06-30 | Crimmins David Edward | Option exercise | 3.7K | — |
| 2025-06-30 | Crimmins David Edward | Tax withheld | 1.7K | $36.03 |
| 2025-06-30 | Schmidt Derek P | Option exercise | 8.6K | — |
| 2025-06-30 | Schmidt Derek P | Tax withheld | 3.7K | $36.03 |
| 2025-06-12 | Calloway Terence P. | Grant | 790 | — |
| 2025-06-12 | Bertsch Frank Brooks | Grant | 791 | — |
| 2025-06-12 | McGovern Jeanne | Grant | 791 | — |
| 2025-06-12 | Culbreth Michael Scott | Grant | 791 | — |
| 2025-06-12 | Dickson Kathryn P | Grant | 791 | — |
| 2025-06-12 | Creekmuir William S. | Grant | 791 | — |
| 2025-06-12 | Levine Thomas M | Grant | 791 | — |
| 2025-03-06 | Bertsch Frank Brooks | Grant | 592 | — |
| 2025-03-06 | McGovern Jeanne | Grant | 593 | — |
| 2025-03-06 | Culbreth Michael Scott | Grant | 593 | — |
| 2025-03-06 | Dickson Kathryn P | Grant | 593 | — |
| 2025-03-06 | Creekmuir William S. | Grant | 593 | — |
| 2025-03-06 | Levine Thomas M | Grant | 593 | — |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-04-28 | Material agreementExec/director changeReg FDExhibits | filing ↗ |
| 2026-04-20 | ResultsReg FDExhibits | filing ↗ |
| 2026-02-02 | ResultsReg FDExhibits | filing ↗ |
| 2025-12-16 | Exec/director changeShareholder voteExhibits | filing ↗ |
| 2025-10-20 | ResultsReg FDExhibits | filing ↗ |
| 2025-10-09 | Exec/director changeReg FDExhibits | filing ↗ |
| 2025-08-18 | ResultsReg FDExhibits | filing ↗ |
| 2025-06-05 | Material agreementExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-04-28 | 2026-04-26 | 0000037472-26-000028 ↗ |
| 10-Q | 2026-04-22 | 2026-03-31 | 0001193125-26-170444 ↗ |
| 8-K | 2026-04-20 | 2026-04-20 | 0001193125-26-164017 ↗ |
| 10-Q | 2026-02-04 | 2025-12-31 | 0001193125-26-037679 ↗ |
| 8-K | 2026-02-02 | 2026-02-02 | 0001193125-26-033770 ↗ |
| 8-K | 2025-12-16 | 2025-12-10 | 0001193125-25-320861 ↗ |
| 10-Q | 2025-10-22 | 2025-09-30 | 0001193125-25-246951 ↗ |
| 8-K | 2025-10-20 | 2025-10-20 | 0001193125-25-243596 ↗ |
| 8-K | 2025-10-09 | 2025-10-09 | 0000037472-25-000032 ↗ |
| 10-K | 2025-08-22 | 2025-06-30 | 0000950170-25-110965 ↗ |
| 8-K | 2025-08-18 | 2025-08-18 | 0000950170-25-109720 ↗ |
| 8-K | 2025-06-05 | 2025-06-03 | 0000950170-25-082301 ↗ |