What Flexsteel Industries (FLXS) Said on Its Q1 Earnings Call
Flexsteel Industries (FLXS) reported Q1 SG&A expenses rose to $18.2M (16.0% of sales) from $17.0M (15.4%) a year earlier. Pricing for core products increased 10% due to tariffs, with plans for a 2-3% adjustment. The company expects Q2 sales of $119.5M-$123.0M (1-4% growth) and operating margin of 6.5-7.0%. Flexsteel highlighted product innovations and cost-saving initiatives.
