Flexsteel Reports Lower Q2 Sales/Earnings

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Upholstered and wooden furniture products maker Flexsteel Industries Inc. posted second-quarter net income of $2.1 million or 32 cents per share, compared with $3 million or 45 cents per share in the same quarter last year, RTT News Service reported.

Net sales for the quarter declined to $82.8 million, from $83.5 million in the prior year quarter.

Net income for six months was $4.5 million, up from $4.3 million last year.

For six months, net sales were $170.1 million, compared with $159.5 million in the year-ago period.

Click here to read Flexsteel’s 10-K filing with the Securities and Exchange Commission.