Flexsteel sales rise 3.2% to $114.0 million, but quarterly profit falls
Flexsteel reported fiscal first-quarter 2027 results for the period ended September 30, 2026, with net sales up 3.2% to $114.0 million. Operating income fell to $6.9 million from $9.0 million, and diluted earnings per share dropped to $1.24 from $1.31, as gross margin declined on currency effects and higher energy and material costs. The company expects second-quarter sales of $119.5 million to $123.0 million and a GAAP operating margin of 6.5% to 7.0%.
Key points
- Net sales were $114.0 million, up 3.2% from $110.4 million; Flexsteel-branded sales rose 5.1% while the exited Homestyles line fell 57.6%.
- GAAP operating income was $6.9 million, or 6.0% of net sales, versus $9.0 million, or 8.1%, a year earlier.
- Diluted EPS was $1.24 versus $1.31; net income was $5.4 million versus $7.3 million.
- For the quarter ending December 2026, the company guides to sales of $119.5 million to $123.0 million (1% to 4% growth) and a 6.5% to 7.0% operating margin; a conference call is set for October 27, 2026 at 8:00 a.m. Central Time.
The filing
Written by AI on Nov 9, 2026, 8:51 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 26, 2026.
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