Flexsteel Posts 3Q Earnings, Higher Furniture Sales

April 17, 2012  by in UnCategorized   

By Aggregated Content in Financial Reports on April 18, 2012 from http://business380.com/2012/04/18/flexsteel-posts-record-3rd-quarter-earnings-higher-residential-sales/ Northeast Iowa employer Flexsteel Industries on Wednesday reported higher third-quarter earnings on improved residential and commercial sales. The Dubuque based designer, manufacturer, importer and marketer of upholstered and wood furniture posted net income of $3.3 million, or 48 cents per share, up 36.2 percent from $2.5 million, or 35 cents per share, in the third quarter of fiscal 2011. Sales improved 7.6 percent to $91.6 million in the quarter that ended March 31 from $85.2 million in the same period last year. Flexsteel focuses on designing and manufacturing furniture for the residential, recreational vehicle, office, hospitality and

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