OverviewSuggest Edit

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.

TypePublic
Founded1893
HQDubuque, IA, US
Websiteflexsteel.com
Employee Ratings4
Overall CultureA+

Latest Updates

Employees (est.) (Jun 2019)1,295(-15%)
Revenue (FY, 2020)$366.9 M(-17%)
Share Price (May 2021)$48.9(+5%)
Cybersecurity ratingDMore

Key People/Management at Flexsteel Industries

Thomas M. Levine

Thomas M. Levine

Chairman
Jerald K. Dittmer

Jerald K. Dittmer

President & Chief Executive Officer, Director
Mary C. Bottie

Mary C. Bottie

Director
Derek P. Schmidt

Derek P. Schmidt

Chief Financial Officer & Chief Operating Officer
William S. Creekmuir

William S. Creekmuir

Director
David E. Crimmins

David E. Crimmins

Vice President, Sales
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Flexsteel Industries Office Locations

Flexsteel Industries has an office in Dubuque
Dubuque, IA, US (HQ)
385 Bell St
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Flexsteel Industries Financials and Metrics

Flexsteel Industries Revenue

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Flexsteel Industries's revenue was reported to be $366.93 m in FY, 2020
USD

Revenue (Q3, 2021)

118.4m

Gross profit (Q3, 2021)

23.1m

Gross profit margin (Q3, 2021), %

19.5%

Net income (Q3, 2021)

4.9m

EBIT (Q3, 2021)

6.4m

Market capitalization (7-May-2021)

334.9m

Closing stock price (7-May-2021)

48.9

Cash (31-Mar-2021)

17.0m

EV

349.9m
Flexsteel Industries's current market capitalization is $334.9 m.
Annual
USDFY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Revenue

352.1m386.2m438.5m466.9m500.1m468.8m489.2m443.6m366.9m

Revenue growth, %

6%7%

Cost of goods sold

266.8m295.7m338.3m357.0m386.4m360.1m391.0m373.6m313.9m

Gross profit

85.3m90.5m100.3m109.9m113.7m108.7m98.2m69.9m53.1m
Quarterly
USDQ1, 2012Q2, 2012Q3, 2012Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Revenue

81.5m85.0m91.6m104.3m112.5m110.5m108.7m114.4m122.5m126.5m125.4m125.4m112.1m118.5m120.8m119.8m129.4m126.9m113.5m118.4m111.5m100.3m102.9m98.8m105.2m119.1m118.4m

Cost of goods sold

62.6m64.5m69.5m80.7m86.5m85.5m83.1m87.3m92.9m98.7m97.7m96.7m85.4m91.8m92.3m93.7m102.0m99.2m91.7m96.9m90.2m83.1m86.9m85.0m82.4m94.7m95.3m

Gross profit

19.0m20.5m22.1m23.6m26.1m25.0m25.5m27.1m29.7m27.9m27.7m28.7m26.6m26.7m28.4m26.1m27.4m27.6m21.8m21.5m21.3m17.2m16.1m13.8m22.8m24.4m23.1m

Gross profit Margin, %

23%24%24%23%23%23%23%24%24%22%22%23%24%23%24%22%21%22%19%18%19%17%16%14%22%20%20%
Annual
USDFY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Cash

14.0m10.9m22.2m1.3m36.8m28.9m27.8m22.2m48.2m

Accounts Receivable

33.6m36.1m38.5m45.1m31.4m42.4m41.3m38.2m32.2m

Prepaid Expenses

1.6m4.8m2.5m6.8m6.7m8.5m11.9m

Inventories

82.7m92.4m97.9m113.8m85.9m99.4m96.2m93.7m70.6m
Quarterly
USDQ1, 2012Q2, 2012Q3, 2012Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Cash

14.1m15.9m19.3m10.6m8.9m17.3m10.3m155.0k5.7m1.9m329.0k15.4m42.7m40.8m37.6m33.4m17.6m23.6m23.3m25.6m28.6m36.2m37.3m62.5m36.5m33.3m17.0m

Accounts Receivable

32.1m32.1m33.8m41.5m40.4m46.6m49.8m45.3m42.8m44.1m43.6m45.8m47.5m45.3m43.6m42.7m40.1m36.3m41.6m34.3m39.8m46.3m44.2m

Prepaid Expenses

1.4m1.8m1.7m5.6m2.7m6.8m11.3m13.1m7.2m7.4m8.4m9.3m7.1m7.7m8.5m10.4m15.2m4.4m5.7m

Inventories

78.4m79.0m75.5m97.1m98.9m92.1m106.2m109.4m108.1m108.9m111.2m97.3m86.7m96.3m92.7m104.2m110.2m106.2m90.3m93.9m95.9m93.6m86.6m75.1m75.7m92.0m109.4m
Annual
USDFY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Net Income

13.1m13.2m15.0m22.3m24.2m23.8m17.7m(32.6m)(26.8m)

Depreciation and Amortization

2.8m3.8m4.2m4.9m7.6m7.9m7.4m7.4m8.4m

Inventories

(9.0m)(9.7m)(5.5m)(15.9m)27.9m(13.5m)3.2m2.5m23.1m

Accounts Payable

2.7m1.1m2.1m2.1m(6.9m)4.0m(1.9m)5.1m9.3m
Quarterly
USDQ1, 2012Q2, 2012Q3, 2012Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Net Income

2.4m5.3m8.7m3.8m4.9m9.4m4.9m9.6m16.5m5.8m11.1m18.1m4.8m10.1m17.8m6.2m12.4m15.5m1.3m2.9m(12.7m)9.6m4.2m(1.1m)3.9m12.3m17.2m

Depreciation and Amortization

690.0k1.4m2.1m1.0m2.0m3.1m1.1m2.2m3.4m1.7m3.6m5.5m2.0m4.1m6.0m1.8m3.6m5.4m1.9m3.7m5.7m2.5m4.9m6.7m1.4m2.7m3.9m

Inventories

(4.7m)(5.3m)(1.8m)(4.7m)(6.4m)317.0k(8.2m)(11.5m)(10.2m)5.0m2.6m16.5m(794.0k)(10.4m)(6.8m)(4.8m)(10.8m)(6.8m)5.9m2.3m275.0k91.0k7.1m18.6m(5.2m)(21.5m)(38.9m)

Accounts Payable

(54.0k)1.6m(578.0k)1.5m(61.0k)(3.6m)(2.1m)(4.7m)2.3m6.7m3.9m1.6m1.6m(420.0k)2.4m3.6m3.0m(3.8m)1.8m4.5m1.1m125.0k4.1m
USDQ1, 2012

Financial Leverage

1.3 x
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Flexsteel Industries Cybersecurity Score

Cybersecurity ratingPremium dataset

D

69/100

SecurityScorecard logo

Flexsteel Industries Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

CSRHub logo

Flexsteel Industries Online and Social Media Presence

Embed Graph

Flexsteel Industries Company Culture

  • Overall Culture

    A+

    92/100

  • CEO Rating

    A+

    95/100

  • Compensation

    A+

    100/100

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Flexsteel Industries News and Updates

Global Folding Furniture Industry Outlook to 2027 Featuring the Developments & Revenues of Dorel Industries, Inter Ikea Systerms, La-Z-Boys, Leggett & Platt, and Flexsteel Industries

Dublin, Jan. 21, 2021 (GLOBE NEWSWIRE) -- The "Folding Furniture Market Global Forecast By Product (Chairs, Tables, Sofas, Beds and Other Furniture) , Application, Distribution Channel, Regions, Merger & Acquisitions, Companies" report has been added to ResearchAndMarkets.com's offering.This r…

Flexsteel Industries Blogs

Four Easy Steps to a Spring and Summer Refresh!

Sections:  Copy:  Four Easy Steps to a Spring and Summer Refresh! Punxsutawney Phil may have predicted an early spring this year, but for the most of us it’s been a long time coming. We’re in full bloom with spring and summer is just around the corner. If you haven’t given your home a…

Purpose Driven

Sections:  Copy:  At Flexsteel, purpose matters, and we’re committed to ensuring we live this out each day at every one of our sites. How did we uncover our purpose? Our purpose journey started when we decided to identify the unique qualities of Flexsteel “at its very best”, with key …

Flexsteel Careers - Dubuque, IA

Sections:  Image:  HTML Code:  job link 1 job link 2 job link 3 job link 4 Contact Site Lead Back to Openings FAQ's Image:  HTML Code:  Ready to join us? If you want to be a part of something special, and think you'd be a great fit, w…

Wynwood by Flexsteel

Sections:  Image:  Description:  Our Wynwood Collection has high-end appeal with a variety of intricate details, exquisite design, and high-quality materials. Pieces are crafted with a multi-step finishing process to achieve a rich depth and luster that showcase the n…

Latitudes by Flexsteel

Sections:  Image:  Description:  Our Latitudes Collection offers a striking combination of style, beauty, comfort, and quality. Comprised of a variety of reclining furniture, sofas, accent chairs, and sectionals, the Latitudes Collection exemplifies bold design, exqui…

30 in 30

Sections:  HTML Code: 
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Flexsteel Industries Frequently Asked Questions

  • When was Flexsteel Industries founded?

    Flexsteel Industries was founded in 1893.

  • Who are Flexsteel Industries key executives?

    Flexsteel Industries's key executives are Thomas M. Levine, Jerald K. Dittmer and Mary C. Bottie.

  • How many employees does Flexsteel Industries have?

    Flexsteel Industries has 1,295 employees.

  • What is Flexsteel Industries revenue?

    Latest Flexsteel Industries annual revenue is $366.9 m.

  • What is Flexsteel Industries revenue per employee?

    Latest Flexsteel Industries revenue per employee is $283.3 k.

  • Who are Flexsteel Industries competitors?

    Competitors of Flexsteel Industries include Bassett Furniture, Ethan Allen Interiors and Dams Furniture.

  • Where is Flexsteel Industries headquarters?

    Flexsteel Industries headquarters is located at 385 Bell St, Dubuque.

  • Where are Flexsteel Industries offices?

    Flexsteel Industries has an office in Dubuque.

  • How many offices does Flexsteel Industries have?

    Flexsteel Industries has 1 office.