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From Home Furnishing Business

Flexsteel Posts Increased Sales in 3Q

Flexsteel Inds. (NASDAQ: FLXS) posted net income of nearly $7 million for the third quarter ended March 31 compared to net income of $4.4 million for the same quarter last year.

Net sales for the quarter were $122.5 million a 10.9  percent increase from net sales of $110.5 million in the same period last year.

Residential sales in the third quarter climbed 14.6 percent to $103.9 million from $90.7 million in the third quarter of last year.

Like other furniture suppliers, Flexsteel said the West coast port slowdown had had a negative impact on its financial performance. The company's complete earnings report is available online







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