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Investing.com -- Flexsteel Industries , Inc. (NASDAQ:FLXS) reported better-than-expected third quarter results and provided an optimistic outlook, sending shares up 4.1% in after-hours trading.
The furniture manufacturer posted adjusted earnings per share of $1.13 for the quarter ended March 31, 2025, surpassing analyst estimates of $0.81. Revenue came in at $114 million, exceeding the consensus forecast of $109.47 million and representing a 6.3% increase YoY.
Flexsteel’s CEO Derek Schmidt attributed the strong performance to successful growth strategies, stating, "Our growth strategies are working and enabling us to continue our solid sales momentum as we delivered sales growth of 6.3% compared to the prior year quarter, which represents our sixth consecutive quarter of mid-single to low-double digit year-over-year growth."
The company reported an adjusted operating margin of 7.3%, its second-highest quarterly margin in seven years. Cash flow from operations reached $12.3 million, bolstering the company’s cash position to $22.6 million with no line of credit borrowings.
Looking ahead, Flexsteel provided fiscal year 2025 revenue guidance of $435-442 million, with the midpoint slightly above the analyst consensus of $436.4 million. However, Schmidt noted economic uncertainty and potential impacts from proposed U.S. reciprocal tariffs.
"Until there is greater clarity and confidence in the stability of both the outlook for U.S. trade policy and economic growth, we expect the business environment to remain highly dynamic," Schmidt cautioned.
Despite challenges, Flexsteel remains focused on executing its strategies and strengthening supply chain agility to navigate potential tariff risks.
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