Flexsteel Industries

Manufacturing & Industrial furniture home improvement interior design wood

Flexsteel Industries, Inc., together with its subsidiaries, manufactures, imports, and markets residential and commercial upholstered and wood furniture products in the United States.
Our products are built on beliefs and values that evolved through over a century of manufacturing. Through the years, our commitment to craftsmanship, accountability, and leadership has helped us grow and thrive.
Our design and construction go hand in hand to create comfortable, long-lasting furniture. We’ve proven our commitment to craft through our namesake Blue Steel Spring, which has performed so consistently since its development that its design has not been radically changed in over 75 years.

Type

Public

Dubuque, US

Founded

1929

Size (employees)

1,460 (est)+9%

Website

flexsteel.com

Flexsteel Industries was founded in 1929 and is headquartered in Dubuque, US

Flexsteel Industries Office Locations

Flexsteel Industries has an office in Dubuque

Dubuque, US (HQ)

385 Bell St

Flexsteel Industries Data and Metrics

Flexsteel Industries Financial Metrics

Flexsteel Industries's revenue was reported to be $500.1 m in FY, 2016 which is a 7% increase from the previous period.

Summary

USD

Flexsteel Industries's current market capitalization is $449.3 m.

Income Statement

USD	FY, 2014	FY, 2015	FY, 2016
Revenue	438.5 m	466.9 m	500.1 m
Revenue growth, %		6%	7%
Cost of goods sold	338.3 m	357 m	386.4 m
Gross profit	100.3 m	109.9 m	113.7 m
Gross profit Margin, %	23%	24%	23%
General and administrative expense			(77.9 m)
Operating expense total			(77.9 m)
EBIT	22.3 m	34.4 m	38.1 m
EBIT margin, %	5%	7%	8%
Interest expense		130 k	69 k
Pre tax profit	23.8 m	35.6 m	37.9 m
Income tax expense	(8.8 m)	(13.3 m)	(13.7 m)
Net Income	15 m	22.3 m	24.2 m

Balance Sheet

USD	FY, 2014	FY, 2015	FY, 2016
Cash	22.2 m	1.3 m	36.8 m
Accounts Receivable			31.4 m
Inventories	97.9 m	113.8 m	85.9 m
Current Assets	165.4 m	171.2 m	176.4 m
PP&E	31.9 m	64.8 m	64.1 m
Accounts Payable			178.2 m
Current Liabilities	36.8 m	51.3 m	33.4 m
Total Liabilities			37.2 m
Additional Paid-in Capital	15.4 m	18.8 m	23.3 m
Retained Earnings	145.2 m	162.2 m	180.9 m
Total Equity	166.7 m	186.7 m	209.7 m

Cash Flow

USD	FY, 2014	FY, 2015	FY, 2016
Net Income	15 m	22.3 m	24.2 m
Depreciation and Amortization	4.2 m	4.9 m	7.6 m
Inventories	(5.5 m)	(16 m)	27.9 m
Cash From Operating Activities	16.2 m	3.3 m	54.4 m
Capital Expenditures	(4.2 m)	(37.4 m)	(7.4 m)
Cash From Investing Activities	(4.4 m)	(32.6 m)	(4.7 m)
Dividends Paid	(4.3 m)	(5.1 m)	(5.5 m)
Cash From Financing Activities	(578 k)	8.4 m	(14.2 m)
Income Taxes Paid	6.9 m	13.9 m	10.1 m
Free Cash Flow	20.4 m	40.7 m	47 m