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Profile - Flexsteel Industries, Inc (NasdaqNM:FLXS)
As of 31-Aug-2001
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Location
PO Box 877
Dubuque, IA 52004
Phone: (319) 556-7730
Fax: (319) 556-8345
Email: chip@flexsteel.com
Employees (last reported count): 2,600
Financial Links
 ·Top Institutional Holders
 ·Top Mutual Fund Holders
 ·Historical Quote Data
 ·Free Annual Report
 ·Raw SEC Filings at sec.gov
Competitors:
 ·Sector: Consumer Cyclical
 ·Industry: Furniture & Fixtures
Company Website
 ·Home Page

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Ownership
·Insider and 5%+ Owners: 49%
·Over the last 6 months:
 · one insider sell; 2,000  shares
·Institutional: 34% (66% of float)
(53 institutions)
·Net Inst. Buying: 45.0K shares (+2.14%)
(prior quarter to latest quarter)
More From Market Guide
 ·Highlights
 ·Performance
 ·Ratio Comparisons
Business Summary
Flexsteel Industries, Inc. is engaged in the design, manufacture and sale of a broad line of upholstered furniture for residential, commercial and recreational vehicle seating use. The Company's products include a variety of wood and upholstered furniture including upholstered sofas, loveseats, chairs, reclining and rocker-reclining chairs, swivel rockers, sofa beds and convertible bedding units, some of which are for the home, office, motorhome, travel trailer, vans, healthcare and hotels. Featured as a basic component in most of the upholstered furniture is a unique drop-in-seat spring. The Company primarily distributes its products throughout most of the United States through its sales force to approximately 3,000 furniture dealers, department stores, recreational vehicle manufacturers and van converters, and hospitality and healthcare facilities. The Company's products are also sold to several national chains, some of which sell on a private label basis.
More from Market Guide: Expanded Business Description

Financial Summary
FLXS manufactures a broad line of upholstered furniture for residential, recreational, vehicle, commercial seating use. Products include sofas, love seats, reclining and rocker-reclining chairs, swivel rockers, sofa beds, convert. bedding units. For the nine months ended 3/31/01, net sales fell 4% to $205.3 million. Net income fell 50% to $4.4 million. Results reflect a reduction in recreational seating sales and the absence of a $1.2 million gain on the sale of land.

Recent Earnings Announcement
For the 3 months ended 06/30/2001, revenues were 68,850; after tax earnings were 174. (Preliminary; reported in thousands of dollars.)

More from Market Guide: Significant Developments

Officers[Insider Trade Data]
FY2000 Compensation
PayExer

L. Bruce Boylen, 68
Chairman
--  --  
K. Bruce Lauritsen, 58
Pres, CEO
$743K--  
Edward Monaghan, 61
Exec. VP, COO
549K$33K
James Richardson, 56
Sr. VP of Marketing
495K--  
Thomas Burkhart, 57
Sr. VP of Vehicle Seating
423K--  
Dollar amounts are as of 30-June-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year.
More from Market Guide on Officers & Directors:
Expanded List, Bios, Compensation, Options
Statistics at a Glance -- NasdaqNM:FLXSAs of 31-Aug-2001
Price and Volume
52-Week Low
on 18-Apr-2001
$10.50 
Recent Price$11.39 
52-Week High
on 7-Mar-2001
$13.125
Beta0.23 
Daily Volume (3-month avg)5,000 
Daily Volume (10-day avg)2,000 
Stock Performance
[one-year price graph]
big chart [1d | 5d | 3m | 6m | 1y | 2y | 5y | max]
52-Week Change-8.4%
52-Week Change
relative to S&P500
+22.9%
Share-Related Items
Market Capitalization$68.8M
Shares Outstanding6.04M
Float3.10M
Dividends & Splits
Annual Dividend (indicated)$0.52 
Dividend Yield4.57%
Last Split: 3 for 2 on 8-Dec-1987
Per-Share Data
Book Value (mrq*)$14.18 
Earnings (ttm)$0.74 
Earnings (mrq)$0.03 
Sales (ttm)$44.94 
Cash (mrq*)$1.43 
Valuation Ratios
Price/Book (mrq*)0.80 
Price/Earnings (ttm)15.37 
Price/Sales (ttm)0.25 
Income Statements
Sales (ttm)$274.1M
EBITDA (ttm*)$11.2M
Income available to common (ttm)$4.59M
Profitability
Profit Margin (ttm)1.7%
Operating Margin (ttm)4.0%
Fiscal Year
Fiscal Year EndsJune 30
Most recent quarter
(fully updated)
31-Mar-2001
Most recent quarter
(flash earnings)
30-June-2001
Management Effectiveness
Return on Assets (ttm)4.02%
Return on Equity (ttm)5.34%
Financial Strength
Current Ratio (mrq*)3.44 
Debt/Equity (mrq*)0.01 
Total Cash (mrq)$0 
Short Interest
As of 8-Aug-2001
Shares Short5,000 
Percent of Float0.2%
Shares Short
(Prior Month)
8,000 
Short Ratio0.83 
Daily Volume6,000 
See Profile Help for a description of each item above;   K = thousands;   M = millions;   mrq = most-recent quarter;   ttm = trailing twelve months;   (as of 30-June-2001, except mrq*/ttm* items as of 31-Mar-2001)

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