Flexsteel Industries Inc income statement
In fiscal 2026, Flexsteel Industries Inc reported revenue of $459m, up 4.1% on the year before, operating income of $42.5m (a 9.3% margin) and net income of $33.1m, or $6.07 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2010Jun 2010 | 2011Jun 2011 | 2012Jun 2012 | 2013Jun 2013 | 2014Jun 2014 | 2015Jun 2015 | 2016Jun 2016 | 2017Jun 2017 | 2018Jun 2018 | 2019Jun 2019 | 2020Jun 2020 | 2021Jun 2021 | 2022Jun 2022 | 2023Jun 2023 | 2024Jun 2024 | 2025Jun 2025 | 2026Jun 2026 | LTMSept 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 326 | 339 | 352 | 386 | 439 | 467 | 500 | 469 | 489 | 444 | 367 | 479 | 544 | 394 | 413 | 441 | 459 | 463 |
| Cost of revenue | — | — | — | — | — | — | — | 360 | 391 | 374 | 314 | 382 | 472 | 323 | 326 | 343 | 346 | 350 |
| Gross profit | 75 | 77 | 85 | 90 | 100 | 110 | 114 | 109 | 98 | 70 | 53 | 97 | 73 | 71 | 87 | 98 | 113 | 113 |
| Research and development | 2 | 2 | 2 | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 4 | 2 | 3 | 2 | 2 | 2 | 3 | — |
| Selling, general and administrative | 57 | 60 | 65 | 70 | 72 | 76 | 78 | 73 | 72 | 81 | 72 | 68 | 67 | 63 | 70 | 67 | 71 | 72 |
| Operating income | 18 | 16 | 20 | 20 | 22 | 34 | 38 | 37 | 25 | −43 | −34 | 31 | 7 | 11 | 17 | 27 | 43 | 40 |
| Interest expense | 0 | — | — | — | — | 0 | 0 | — | — | — | 0 | 0 | 1 | 1 | 2 | 0 | 0 | — |
| Income before tax | 17 | 16 | 21 | 21 | 24 | 36 | 38 | 38 | 25 | −43 | −34 | 31 | 6 | 9 | 16 | 27 | 44 | 41 |
| Income tax | 7 | 6 | 8 | 8 | 9 | 13 | 14 | 14 | 7 | −10 | −7 | 8 | 4 | −6 | 5 | 7 | 11 | 10 |
| Net income | 11 | 10 | 13 | 13 | 15 | 22 | 24 | 24 | 18 | −33 | −27 | 23 | 2 | 15 | 11 | 20 | 33 | 31 |
| Diluted EPS | $1.61 | $1.50 | $1.86 | $1.80 | $2.00 | $2.89 | $3.12 | $3.02 | $2.23 | −$4.13 | −$3.37 | $3.09 | $0.28 | $2.74 | $1.91 | $3.55 | $6.07 | $6.07 |
| Diluted shares (average) | 7m | 7m | 7m | 7m | 8m | 8m | 8m | 8m | 8m | 8m | 8m | 7m | 7m | 5m | 6m | 6m | 5m | 5m |
| EBITDA | 21 | 19 | 23 | 24 | 26 | 39 | 46 | 45 | 32 | −36 | −26 | 36 | 12 | 15 | 21 | 30 | 46 | 45 |
| Quarter | 2025 Q2Dec 2024 | 2025 Q3Mar 2025 | 2025 Q4Jun 2025 | 2026 Q1Sept 2025 | 2026 Q2Dec 2025 | 2026 Q3Mar 2026 | 2026 Q4Jun 2026 | 2027 Q1Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 108 | 114 | 115 | 110 | 118 | 115 | 115 | 114 |
| Cost of revenue | 86 | 89 | 87 | 84 | 91 | 89 | 81 | 89 |
| Gross profit | 23 | 25 | 27 | 26 | 27 | 26 | 35 | 25 |
| Selling, general and administrative | 16 | 17 | 17 | 17 | 18 | 18 | 18 | 18 |
| Operating income | 12 | −5 | 14 | 9 | 9 | 8 | 16 | 7 |
| Interest expense | −0 | 0 | 0 | 0 | 0 | — | — | 0 |
| Income before tax | 12 | −5 | 14 | 9 | 9 | 9 | 17 | 7 |
| Income tax | 3 | −1 | 4 | 2 | 3 | 2 | 4 | 2 |
| Net income | 9 | −4 | 11 | 7 | 7 | 6 | 13 | 5 |
| Diluted EPS | $1.62 | −$0.71 | $1.89 | $1.31 | $1.18 | $1.14 | $2.44 | $1.24 |
| EBITDA | 13 | −4 | 15 | 10 | 10 | 9 | 17 | 8 |
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