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FLEXSTEEL INDUSTRIES INC
Household Furniture · MN · CIK 37472
Flexsteel Industries manufactures, imports, and markets residential furniture products in the United States
red 8-K · 90d
$257M
Market cap
$73.05
Last close
+0.2%
1D
+12.7%
5D
87K
Volume
Price · last 39 sessions+34.2%
May 4L $53.18 · H $73.05Jun 29
224
Total filings
Apr 28, 2026
Last filing
06/30
Fiscal year end
SC 13DSC 13DApr 30, 20268-KExecutive Change · Material AgreementApr 28, 202610-Q10-QApr 22, 20268-KResults of Operations · Reg FD DisclosureApr 20, 202610-Q10-QFeb 4, 20268-KResults of Operations · Reg FD DisclosureFeb 2, 20268-KExecutive Change · Shareholder VoteDec 16, 2025DEFA14ADEFA14AOct 24, 2025DEF 14ADEF 14AOct 24, 202510-Q10-QOct 22, 20258-KResults of Operations · Reg FD DisclosureOct 20, 20258-KExecutive Change · Reg FD DisclosureOct 9, 202510-K10-KAug 22, 20258-KResults of Operations · Reg FD DisclosureAug 18, 20258-KMaterial AgreementJun 5, 20258-KExecutive Change · Reg FD DisclosureMay 21, 202510-Q10-QApr 23, 20258-KResults of Operations · Reg FD DisclosureApr 21, 202510-Q10-QFeb 5, 20258-KResults of Operations · Reg FD DisclosureFeb 3, 20258-KShareholder VoteDec 12, 2024SC 13GSC 13GNov 8, 2024DEFA14ADEFA14AOct 25, 2024DEF 14ADEF 14AOct 25, 202410-Q10-QOct 23, 2024SC 13GSC 13GOct 22, 20248-KResults of Operations · Reg FD DisclosureOct 21, 202410-K10-KAug 30, 20248-KResults of Operations · Reg FD DisclosureAug 19, 202410-Q10-QMay 1, 20248-KExecutive Change · Results of OperationsApr 29, 20248-KExecutive Change · Material AgreementApr 18, 20248-KBylaw AmendmentMar 8, 202410-Q10-QFeb 7, 20248-KResults of Operations · Exit / Disposal CostsFeb 5, 20248-KExecutive Change · Results of OperationsJan 11, 20248-KShareholder VoteDec 19, 2023SC 13DSC 13DNov 14, 202310-Q10-QNov 1, 20238-KResults of Operations · Reg FD DisclosureOct 31, 2023DEFA14ADEFA 14AOct 26, 2023DEF 14ADEF 14AOct 26, 20238-KExecutive Change · Reg FD DisclosureOct 10, 202310-K10-KAug 25, 20238-KResults of Operations · Reg FD DisclosureAug 21, 20238-KExecutive ChangeJun 1, 202310-Q10-QMay 3, 20238-KResults of Operations · Reg FD DisclosureMay 1, 202310-Q10-QFeb 8, 20238-KResults of Operations · Reg FD DisclosureFeb 6, 20238-KExecutive Change · Shareholder VoteDec 16, 2022DEFA14ADEFA14ANov 1, 2022DEF 14ADEF14ANov 1, 202210-Q10-QOct 31, 20228-KReg FD DisclosureOct 27, 20228-KResults of Operations · Reg FD DisclosureOct 24, 20228-KExecutive Change · Reg FD DisclosureOct 4, 20228-KReg FD DisclosureSep 1, 2022SC 13GSCHEDULE 13GAug 26, 202210-K10-KAug 26, 20228-KReg FD DisclosureAug 25, 20228-KResults of Operations · Reg FD DisclosureAug 22, 2022SC 13GSC 13GJul 8, 20228-KExecutive ChangeJun 30, 20228-KExecutive Change · Reg FD DisclosureMay 24, 202210-Q10-QApr 29, 20228-KResults of Operations · Reg FD DisclosureApr 25, 2022SC 13GSCHEDULE 13GMar 23, 20228-KCompany UpdateMar 15, 2022SC 13GSC 13GFeb 4, 2022SC 13GSCHEDULE 13GFeb 3, 202210-Q10-QJan 28, 20228-KResults of Operations · Reg FD DisclosureJan 24, 20228-KExecutive Change · Reg FD DisclosureDec 22, 20218-KReg FD DisclosureDec 15, 20218-KShareholder VoteDec 10, 202110-Q10-QOct 29, 2021DEFA14ADEFA14AOct 26, 2021DEF 14ADEF 14AOct 26, 20218-KResults of Operations · Reg FD DisclosureOct 25, 2021
What Changed
Risk factors · Aug 30, 2024 → Aug 22, 202517 added · 6 removed between the two most recent 10-Ks. The risks a company starts — or stops — disclosing are often the story.
Newly disclosed
- A further executive order issued April 9, 2025, paused the implementation of the country specific tariffs on Vietnam and many other countries for 90 days, maintaining a 10% global baseline tariff, while the United States works with its trade partners to negotiate new trade agreements.
- During the quarter ended March 31, 2025 the Company determined that the right of use asset related to our leased Mexicali, Mexico facility was not fully recoverable and recorded a pre-tax non-cash asset impairment charge of $14.1 million due to substantial changes in U.S. trade policy in early 2025 that created significant uncertainty in US-Mexico trade relations, slowed foreign direct investment in Mexico, and greatly diminished tenant interest in subleasing the Mexicali facility.
- On July 31, 2025, a further executive order was issued clarifying certain matters related to tariffs, including a country specific tariff of 20% on goods from Vietnam.
- Similarly, increases in pricing may have an adverse impact on the competitiveness of the Company’s products relative to other furniture manufacturers with less exposure to the tariff and could also lead to adverse impacts on volume, earnings, and liquidity.
- On April 2, 2025, the President of the United States issued an executive order to regulate imports by imposing reciprocal country specific tariffs on multiple nations around the world, including Vietnam.
- Tariffs or other trade restrictions may lead to continuing uncertainty and volatility in U.S. economic conditions and commodity markets, declining consumer confidence, significant inflation or diminished expectations for the economy, and ultimately reduced demand for our products.
- In addition, inadvertently failing to comply with such laws and regulations could produce negative consequences which could adversely impact the Company’s operations. 7 Table of Contents Failure to anticipate or respond to changes in consumer or designer tastes and fashions in a timely manner could adversely affect the Company’s business and decrease sales and earnings.
- Although the country specific tariffs and the global 10% baseline tariffs do not apply to our products imported from Mexico, that status could change at any time.
- In addition, price increases to offset rising costs could negatively impact demand for our products. 6 Table of Contents The Company’s products are considered deferrable purchases for consumers during economic downturns.
- Any actions taken by those agencies to delay, limit or deny the amounts submitted or retroactive changes in legislation surrounding these regimes may impact our ability to recover these amounts.
- Additionally, a disruption in supply from foreign countries could adversely affect our ability to timely fill customer orders for those products and decrease our sales, earnings, and liquidity.
- Public health events could have a materially adverse effect on our ability to operate, our ability to keep employees safe from the pandemic, our results of operations, and financial condition.
No longer disclosed
- Similarly, increases in pricing may have an adverse impact on the competitiveness of the Company’s products relative to other furniture manufacturers with less exposure to the tariff and could also lead to adverse impacts on volume, earnings, and liquidity. 8 Table of Contents Additionally, a disruption in supply from foreign countries could adversely affect our ability to timely fill customer orders for those products and decrease our sales, earnings, and liquidity.
- Any actions taken by those agencies to delay, limit or deny the amounts submitted or retroactive changes in legislation surrounding these regimes may impact our ability to recover these amounts. 7 Table of Contents Risks related to our industry: Public health events could have a materially adverse effect on our ability to operate, our ability to keep employees safe from the pandemic, our results of operations, and financial condition.
- Failure to anticipate or respond to changes in consumer or designer tastes and fashions in a timely manner could adversely affect the Company’s business and decrease sales and earnings.
- In addition, inadvertently failing to comply with such laws and regulations could produce negative consequences which could adversely impact the Company’s operations.
- In addition, price increases to offset rising costs could negatively impact demand for our products.
- The Company’s products are considered deferrable purchases for consumers during economic downturns.
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