Flexsteel (FLXS) Tops Q3 EPS by 11c; reiterates guidance

Flexsteel (NASDAQ: FLXS) reported Q3 EPS of $0.67, $0.11 better than the analyst estimate of $0.56. Revenue for the quarter came in at $107.2 million versus the consensus estimate of $102.12 million.

GUIDANCE:

For the fourth quarter fiscal 2024, the Company reiterates previously disclosed sales guidance. The Company is increasing the low-end range of expected non-GAAP operating margin from 5.0% to 5.2%. GAAP operating margin in the fourth quarter has been updated to reflect non-cash costs related to the revaluation of equity awards associated with our CEO transition and retirement.

Flexsteel sees Q4 2024 revenue of $107-112 million, versus the consensus of $110.1 million.

Flexsteel sees FY2024 revenue of $416-432 million, versus the consensus of $406.9 million.

For earnings history and earnings-related data on Flexsteel (FLXS) click here.

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