Flexsteel Industries, Inc. reported fourth quarter and fiscal year 2025 results, showing continued net sales growth and record diluted earnings per share.
The company achieved net sales growth for the seventh consecutive quarter, with a 6.9% increase for the year compared to the prior year.
Adjusted operating income also improved, reaching 9.0% of net sales for the fourth quarter and 7.1% for the year.
Sales Growth
Net sales increased by 3.4% in the fourth quarter and 6.9% for the fiscal year, marking the seventh consecutive quarter of growth.
Profitability
Adjusted operating margin reached 9% in the fourth quarter, showing a significant improvement over the prior year.
Earnings Per Share
Record earnings per diluted share of $4.17 for the year, reflecting a substantial increase from the previous year.
Operational Efficiency
Cash flow from operations was $15.6 million in the fourth quarter, resulting in a healthy cash balance of $40 million with no line of credit borrowings.
- Flexsteel's strategies led to strong results with 3.4% sales growth in the quarter, driven by diversified growth sources.
- The company's focus on operational productivity and product portfolio management contributed to a 340 basis point increase in adjusted operating margin compared to the prior year.
Flexsteel Industries, Inc. demonstrated resilience and growth in fiscal year 2025, highlighting strong financial performance and strategic initiatives to navigate industry challenges.