Tech executive Anand Kangala joins Flexsteel (FLXS) board

Flexsteel Industries (FLXS) aims for $750M revenue, targeting mid-market with quality, durability. 95% sales via independent retailers, including Amazon, Wayfair. Hybrid supply chain: 2/3 Asia, 1/3 Mexico. Q4 2026 adjusted EPS $4.94, margins improved to 7.5%. Q1 2027 guidance: 1-4% sales growth, 6.5-7% margin. Tariffs, inflation cited as headwinds.

Flexsteel Industries (NASDAQ:FLXS) reported Q4 pricing up about 10% to 11% year over year, with unit volumes declining but not enough to offset pricing. It plans to exit the Homestyles ready-to-assemble category, which contributed about $12M in fiscal 2026 sales. Q1 FY2027 net sales are forecast at $111M to $115M and operating margin at 6.5% to 7%.

FLEXSTEEL INDUSTRIES INC (FLXS) filed an SEC Form 8-K — Results of Operations and Financial Condition. Flexsteel Industries, Inc. Reports Fourth Quarter and Fiscal Year 2026 Results; Continued Net Sales Growth and Record Diluted Earnings Per Share Dubuque, Iowa – August 17, 2026 – Flexsteel Industries, Inc. (NASDAQ: FLXS) (“Flexsteel” or the “Company”), one of the largest manufact

First Phosphate Corp. (PHOS) may face reduced equity dilution after Noble Capital Markets noted potential lower funding needs for its Bégin-Lamarche project, supported by Swiss Export Risk Insurance (SERV) and other financing. SERV could provide up to US$212.5 million, reducing the equity requirement to about US$82.5 million. Noble maintains an Outperform rating and $25.50 price target.

Aon raised $13.75 billion in senior notes, guaranteed by its subsidiaries, with maturities from 2029 to 2056 and coupons ranging from 5.350% to 6.450%. The funds, approximately $13.4 billion after expenses, will support the USI Advantage Corp. acquisition and general corporate purposes. The notes include redemption protections tied to the deal's completion.

Burford Capital (BUR) priced $300M of 8% senior secured notes due 2029 to refinance $400M of 6.25% unsecured notes due 2028. The move aims to reduce debt and extend maturity, but increases borrowing costs and pledges collateral. Success depends on future cash collections and investment performance.