Flexsteel Industries

Manufacturing & Industrial Retail furniture home & garden home improvement interior design manufacturer wood

Flexsteel Industries, together with its subsidiaries, manufactures, imports, and markets residential and contract upholstered and wood furniture products. It offers sofas, loveseats, chairs, swivel rockers, sofa beds, convertible bedding units, occasional tables, desks, dining tables, and bedroom furniture for use in home, office, hotel, healthcare, and other commercial applications.

Revenue(FY, 2016)

$500.1 M

Market capitalization(2018-04-18)

$315.5 M

Type

Public

Dubuque, US

Founded

1893

Size (employees)

1,460 (est)

Website

flexsteel.com

Flexsteel Industries was founded in 1893 and is headquartered in Dubuque, US

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Flexsteel Industries Office Locations

Flexsteel Industries has an office in Dubuque

Dubuque, US (HQ)

385 Bell St

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Flexsteel Industries Financials and Metrics

Flexsteel Industries Financials

Flexsteel Industries's revenue was reported to be $500.11 m in FY, 2016 which is a 7.1% increase from the previous period.

Summary

USD
Revenue (Q2, 2018)	249.2 m
Gross profit (Q2, 2018)	53.5 m
Gross profit margin (Q2, 2018), %	21.5%
Net income (Q2, 2018)	12.4 m
EBIT (Q2, 2018)	17.5 m
Market capitalization (18-Apr-2018)	315.5 m
Cash (31-Dec-2017)	17.6 m

Flexsteel Industries's current market capitalization is $315.5 m.

Income Statement

Annual

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

Quarterly

USD	Q1, 2014	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017	Q3, 2017	Q1, 2018	Q2, 2018
Revenue	104.3 m	112.5 m	110.5 m	108.7 m	114.4 m	122.5 m	126.5 m	125.4 m	125.4 m	112.1 m	118.5 m	120.8 m	119.8 m	249.2 m
Cost of goods sold	80.7 m	86.5 m	85.5 m	83.1 m	87.3 m	92.9 m	98.7 m	97.7 m	96.7 m	85.4 m	91.8 m	92.3 m	93.7 m	195.7 m
Gross profit	23.6 m	26.1 m	25 m	25.5 m	27.1 m	29.7 m	27.9 m	27.7 m	28.7 m	26.6 m	26.7 m	28.4 m	26.1 m	53.5 m
Gross profit Margin, %	23%	23%	23%	23%	24%	24%	22%	22%	23%	24%	23%	24%	22%	21%

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Balance Sheet

Annual

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

Quarterly

USD	Q1, 2014	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017	Q3, 2017	Q1, 2018	Q2, 2018
Cash	10.6 m	8.9 m	17.3 m	10.3 m	155 k	5.7 m	1.9 m	329 k	15.4 m	42.7 m	40.8 m	37.6 m	33.4 m	17.6 m
Inventories	97.1 m	98.9 m	92.1 m	106.2 m	109.4 m	108.1 m	108.9 m	111.2 m	97.3 m	86.7 m	96.3 m	92.7 m	104.2 m	110.2 m
Current Assets	156.7 m	161.9 m	156.9 m	165.4 m	163.3 m	169 m	168.9 m	177.8 m	171.1 m	179.4 m	188.6 m	192.3 m	206.8 m	202.2 m
PP&E	31.7 m	31.6 m	32.6 m	56.7 m	60 m	64.1 m	64.8 m	66.6 m	65.9 m	66.6 m	68.4 m	68.9 m	69.9 m	75.7 m

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Cash Flow

Annual

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

Quarterly

USD	Q1, 2014	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017	Q3, 2017	Q1, 2018	Q2, 2018
Net Income	3.8 m	4.9 m	9.4 m	4.9 m	9.6 m	16.5 m	5.8 m	11.1 m	18.1 m	4.8 m	10.1 m	17.8 m	6.2 m	12.4 m
Depreciation and Amortization	1 m	2 m	3.1 m	1.1 m	2.2 m	3.4 m	1.7 m	3.6 m	5.5 m	2 m	4.1 m	6 m	1.8 m	3.6 m
Inventories	(4.7 m)	(6.4 m)	317 k	(8.2 m)	(11.5 m)	(10.2 m)	5 m	2.6 m	16.5 m	(794 k)	(10.4 m)	(6.8 m)	(4.8 m)	(10.8 m)
Cash From Operating Activities	1.2 m	1.2 m	11.6 m	3.2 m	(5.6 m)	6.1 m	8.5 m	9.3 m	32.1 m	11.2 m	12.1 m	23.7 m	1.5 m	1.3 m