Quarterly Report for Quarter Ending September 30, 2024 (Form 10-Q)

10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D. C. 20549

______________________________________

FORM 10-Q

______________________________________

Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

For the quarterly period ended September 30, 2024

or

Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

For the transition period from to

Commission file number 0-5151

______________________________________

FLEXSTEEL INDUSTRIES, INC.

(Exact Name of Registrant as Specified in Its Charter)

Incorporated in the State of Minnesota	42-0442319
(State or other Jurisdiction of	(I.R.S. Identification No.)
Incorporation or Organization)

385 BELL STREET

DUBUQUE, IA 52001-7004

(Address of Principal Executive Offices) (Zip Code)

(563) 556-7730

(Registrant's Telephone Number, Including Area Code)

______________________________________

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock	FLXS	The Nasdaq Stock Market, LLC

Indicate by check mark whether the Registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such a shorter period that the Registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes No 

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes No 

Indicate by check mark whether the Registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company," and "emerging growth company" in Rule 12b-2 of the Exchange Act (check one).

Large Accelerated Filer  Accelerated Filer Non-Accelerated Filer Smaller Reporting Company  Emerging Growth Company 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. 

Indicate by check mark whether the Registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes No 

Common Stock - $1.00 Par Value
Shares Outstanding as of October 22, 2024	5,208,029

FLEXSTEEL INDUSTRIES, INC.

QUARTERLY REPORT ON FORM 10-Q

FOR THE QUARTER ENDED September 30, 2024

		Page
Part I - Financial Information
Item 1.	Financial Statements	3
	Consolidated Balance Sheets as of September 30, 2024, and June 30, 2024 (Unaudited)	3
	Consolidated Statements of Income and Comprehensive Income for three months ended September 30, 2024, and September 30, 2023 (Unaudited)	4
	Consolidated Statements of Changes in Shareholders' Equity for the three months ended September 30, 2024, and September 30, 2023 (Unaudited)	5
	Consolidated Statements of Cash Flows for the three months ended September 30, 2024, and September 30, 2023 (Unaudited)	6
	Notes to Consolidated Financial Statements (Unaudited)	7
Item 2.	Management's Discussion and Analysis of Financial Condition and Results of Operations	13
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	15
Item 4.	Controls and Procedures	15
Part II - Other Information
Item 1A.	Risk Factors	16
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	16
Item 5.	Other Information	17
Item 6.	Exhibits	17
Signatures		18

PART I FINANCIAL INFORMATION

Item 1. Financial Statements

FLEXSTEEL INDUSTRIES, INC. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS(UNAUDITED)

(Amounts in thousands)

		September 30,			June 30,
		2024			2024
ASSETS
CURRENT ASSETS:
Cash and cash equivalents		$	5,740			$	4,761
Trade receivables - less allowances: September 30, 2024, $2,480, June 30, 2024, $2,440			39,481				44,238
Inventories			95,897				96,577
Other			8,787				8,098
Assets held for sale			1,707				1,707
Total current assets			151,612				155,381
NONCURRENT ASSETS:
Property, plant and equipment, net			36,175				36,709
Operating lease right-of-use assets			59,462				61,439
Deferred income taxes			8,585				8,607
Other assets			12,890				12,326
TOTAL ASSETS		$	268,724			$	274,462
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES:
Accounts payable - trade		$	24,852			$	25,830
Current portion of operating lease liabilities			7,430				7,517
Accrued liabilities:
Payroll and related items			6,167				12,059
Insurance			1,957				1,900
Sales and advertising related items			5,803				6,073
Other			7,125				7,027
Total current liabilities			53,334				60,406
LONG-TERM LIABILITIES:
Operating lease liabilities, less current maturities			56,223				58,076
Line of credit			3,581				4,822
Other liabilities			883				791
Total liabilities			114,021				124,095
SHAREHOLDERS' EQUITY:
Common stock - $1par value; authorized 15,000shares; 8,414shares issued and 5,207outstanding as of September 30, 2024; 8,407shares issued and 5,200outstanding as of June 30, 2024			8,414				8,407
Additional paid-in capital			40,672				39,573
Treasury stock, at cost; 3,207shares as of September 30, 2024, and June 30, 2024			(71,731	)			(71,731	)
Retained earnings			177,348				174,118
Total shareholders' equity			154,703				150,367
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY		$	268,724			$	274,462

See accompanying Notes to Consolidated Financial Statements (Unaudited).

FLEXSTEEL INDUSTRIES, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF INCOMEAND COMPREHENSIVE INCOME (UNAUDITED)

(Amounts in thousands, except per share data)

		Three Months Ended
		September 30,
		2024			2023
Net sales		$	104,007			$	94,603
Cost of goods sold			81,639				76,193
Gross profit			22,367				18,410
Selling, general and administrative expenses			16,320				16,492
Operating income			6,047				1,918
Interest expense			51				570
Income before income taxes			5,996				1,348
Income tax provision			1,856				596
Net income and comprehensive income		$	4,140			$	752
Weighted average number of common shares outstanding:
Basic			5,203				5,182
Diluted			5,576				5,375
Earnings per share of common stock:
Basic		$	0.80			$	0.15
Diluted		$	0.74			$	0.14

See accompanying Notes to Consolidated Financial Statements (Unaudited).

FLEXSTEEL INDUSTRIES, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY(UNAUDITED)

(Amounts in thousands)

		Three Months Ended September 30, 2024
		Total Par
		Value of
		Common			Additional
		Shares			Paid-In			Treasury			Retained
		($1Par)			Capital			Stock			Earnings			Total
Balance on June 30, 2024		$	8,407			$	39,573			$	(71,731	)		$	174,118			$	150,367
Stock-based compensation			3				1,135				-				-				1,138
Stock options exercised			4				(36	)			-				-				(32	)
Cash dividends declared			-				-				-				(910	)			(910	)
Net income			-				-				-				4,140				4,140
Balance on September 30, 2024		$	8,414			$	40,672			$	(71,731	)		$	177,348			$	154,703

		Three Months Ended September 30, 2023
		Total Par
		Value of
		Common			Additional
		Shares			Paid-In			Treasury			Retained
		($1Par)			Capital			Stock			Earnings			Total
Balance on June 30, 2023		$	8,292			$	36,605			$	(70,072	)		$	166,796			$	141,621
Stock-based compensation			8				903				-				-				911
Vesting of restricted stock units and restricted shares			44				(691	)			-				-				(647	)
Treasury stock purchases			-				-				(455	)			-				(455	)
Cash dividends declared			-				-				-				(815	)			(815	)
Net income			-				-				-				752				752
Balance on September 30, 2023		$	8,344			$	36,817			$	(70,527	)		$	166,733			$	141,367

See accompanying Notes to Consolidated Financial Statements (Unaudited).

FLEXSTEEL INDUSTRIES, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)

(Amounts in thousands)

		Three Months Ended
		September 30,
		2024			2023
OPERATING ACTIVITIES:
Net income		$	4,140			$	752
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation			929				940
Deferred income taxes			22				94
Stock-based compensation expense			1,138				911
Change in provision for losses on accounts receivable			(40	)			(70	)
Loss on disposal of assets			10				34
Changes in operating assets and liabilities:
Trade receivables			4,796				6,687
Inventories			680				1,269
Other current assets			(1,844	)			(2,791	)
Other assets			(564	)			(1,392	)
Accounts payable - trade			(956	)			(3,719	)
Accrued liabilities			(6,004	)			(4,510	)
Other long-term liabilities			91				14
Net cash provided by (used in) operating activities			2,398				(1,781	)
INVESTING ACTIVITIES:
Proceeds from sales of investments			1,155				-
Capital expenditures			(427	)			(1,355	)
Net cash provided by (used in) investing activities			728				(1,355	)
FINANCING ACTIVITIES:
Dividends paid			(874	)			(879	)
Treasury stock purchases			-				(455	)
Proceeds from line of credit			102,851				101,365
Payments on line of credit			(104,092	)			(96,640	)
Shares withheld for tax payments on vested shares and options exercised			(32	)			(647	)
Net cash (used in) provided by financing activities			(2,147	)			2,744
Increase (decrease) in cash and cash equivalents			979				(392	)
Cash and cash equivalents at beginning of the period			4,761				3,365
Cash and cash equivalents at end of the period		$	5,740			$	2,973
SUPPLEMENTAL INFORMATION
Interest paid			60				546
Cash paid for income taxes, net			2,100				244
Capital expenditures in accounts payable			2				287

See accompanying Notes to Consolidated Financial Statements (Unaudited).

FLEXSTEEL INDUSTRIES, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

FOR THE PERIOD ENDED September 30, 2024

Item 2.Management's Discussion and Analysis of Financial Condition and Results of Operations

GENERAL

The following analysis of the results of operations and financial condition of the Company should be read in conjunction with the Consolidated Financial Statements and related notes included elsewhere in this quarterly report on Form 10-Q.

CRITICAL ACCOUNTING POLICIES:

There have been no material changes to our critical accounting policies and estimates from the information provided in Item 7, "Management's Discussion and Analysis of Financial Condition and Results of Operations", included in our 2024 annual report on Form 10-K.

Overview

The following table has been prepared as an aid in understanding the Company's results of operations on a comparative basis for the three months ended September 30, 2024 and 2023. The amounts presented are percentages of the Company's net sales.

		Three Months Ended
		September 30,
		2024		2023
Net sales			100.0		%			100.0		%
Cost of goods sold			78.5					80.5
Gross margin			21.5					19.5
Selling, general and administrative expenses			15.7					17.4
Operating income			5.8					2.1
Interest expense			-					0.6
Income before income taxes			5.8					1.5
Income tax provision			1.8					0.6
Net income and comprehensive income			4.0		%			0.9		%

Results of Operations for the Quarter Ended September 30, 2024 vs. 2023

Net sales were $104.0 million for the quarter ended September 30, 2024, compared to net sales of $94.6 million in the prior year quarter, an increase of 9.9%. The increase was driven by higher sales in home furnishings products sold through retail stores of $11.0 million, or 13.3%, led by unit volume increases and product mix. Sales of products sold through e-commerce channels decreased by ($1.6) million, or (13.3%), compared to the first quarter of the prior year. Lower sales in the e-commerce channel were driven by softer consumer demand.

Home furnishings backlog was $61 million as of the quarter ended September 30, 2024, an increase of 27.1% compared to $48 million in the prior year quarter.

Gross margin as a percent of net sales for the quarter ended September 30, 2024, was 21.5%, compared to 19.5% for the prior year quarter, an increase of 200 basis points ("bps"). The 200-bps increase was primarily due to sales growth leverage, supply chain cost savings and product portfolio management.

Selling, general and administrative ("SG&A") expenses decreased ($0.2) million to $16.3 million in the first quarter ended September 30, 2024, as compared to $16.5 million in the prior year quarter. As a percentage of net sales, SG&A was 15.7% in the quarter ended September 30, 2024 compared to 17.4% of net sales in the prior year quarter. The 170-bps decrease was due to leverage on higher sales and structural cost savings, partially offset by investments in growth initiatives for the quarter ended September 30, 2024.

Income tax expense was $1.9 million, or an effective rate of 31.0% for the quarter ended September 30, 2024, compared to an income tax expense of $0.6 million, or an effective rate of 44.2% during the quarter ended September 30, 2023. For the quarter ended September 30, 2024, the effective tax rate differs from the statutory tax rate of 21% primarily due to state taxes and the impact of foreign operations.

Net income was $4.1 million, or $0.74 per diluted share for the quarter ended September 30, 2024, compared to net income of $0.8 million, or $0.14 per diluted share in the prior year quarter.

Liquidity and Capital Resources

Working capital (current assets less current liabilities) on September 30, 2024, was $98.3 million compared to $95.0 million on June 30, 2024. The $3.3 million increase in working capital was primarily due to a decrease in payroll and related liabilities of $5.9 million, a decrease in accounts payable of $1.0 million, and a decrease in other current liabilities of $0.3 million offset by an increase in cash of $1.0 million and a decrease in net trade receivables of $4.8 million. Refer to discussion of working capital changes below, under Net cash provided by (used in) operating activities. Capital expenditures were $0.4 million during the three months ended September 30, 2024.

A summary of operating, investing, and financing cash flow is shown in the following table:

		Three Months Ended
		September 30,
(in thousands)		2024			2023
Net cash provided by (used in) operating activities		$	2,398			$	(1,781	)
Net cash provided by (used in) investing activities			728				(1,355	)
Net cash (used in) provided by financing activities			(2,147	)			2,744
Increase (decrease) in cash and cash equivalents		$	979			$	(392	)

Net cash provided by (used in) operating activities

For the three months ended September 30, 2024, net cash provided by operating activities was $2.4 million, primarily due to a decrease in trade receivables of $4.8 million, net income of $4.1 million, adjustments for non-cash items including stock-based compensation of $1.1 million and depreciation of $0.9 million, and a decrease in inventory of $0.7 million offset by a decrease in accrued liabilities of $6.0 million, an increase in other current assets of $1.8 million, a decrease in accounts payable of $1.0 million and a decrease of other assets and liabilities of $0.4 million.

For the three months ended September 30, 2023, net cash used by operating activities was $1.8 million, primarily due to a decrease in accrued liabilities of $4.5 million, a decrease in accounts payable of $3.7 million, a decrease in other current assets of $2.8 million, and a decrease in other assets of $1.4 million partially offset by an increase in trade receivables of $6.7 million, an increase in inventory of $1.3 million, net income of $0.8 million, and adjustments for non-cash items including depreciation of $0.9 million and stock-based compensation of $0.9 million.

Net cash provided by (used in) investing activities

For the three months ended September 30, 2024, net cash provided by investing activities was $0.7 million due to proceeds from corporate owned life insurance proceeds of $1.1 million, offset by capital expenditures of $0.4.

For the three months ended September 30, 2023, net cash used in investing activities was $1.4 million due to capital expenditures.

Net cash (used in) provided by financing activities

For the three months ended September 30, 2024, net cash used in financing activities was $2.1 million, due to payments on the line of credit of $104.1 million partially offset by proceeds from the line of credit of $102.9 million and dividends paid of $0.9 million.

For the three months ended September 30, 2023, net cash provided by financing activities was $2.7 million, due to proceeds from the line of credit of $101.3 million partially offset by payments on the line of credit of $96.6 million, dividends paid of $0.9 million, $0.6 million for tax payments on employee vested restricted shares netted with proceeds from the issuance of common stock, and $0.5 million for purchases of company stock..

Line of Credit

On September 8, 2021, the Company, as the borrower, entered into a credit agreement (the "Credit Agreement") with Wells Fargo Bank, National Association (the "Lender"), and the other lenders party thereto. The Credit Agreement has a five-year term and provides for up to an $85 million revolving line of credit. Subject to certain conditions, the Credit Agreement also provides for the issuance of letters of credit in an aggregate amount up to $5 million which, upon issuance, would be deemed advances under the revolving line of credit. Proceeds of borrowings were used to refinance all indebtedness owed to a prior lender and for working capital purposes. The Company's obligations under the Credit Agreement are secured by substantially all its assets, excluding real property. The Credit Agreement contains customary representations, warranties, and covenants, including a financial covenant to maintain a fixed coverage ratio of not less than 1.00 to 1.00. In addition, the Loan Agreement places restrictions on the Company's ability to incur additional indebtedness, to

create liens or other encumbrances, to sell or otherwise dispose of assets, and to merge or consolidate with other entities. As of September 30, 2024, management believes the Company was in compliance with all covenants.

On April 18, 2022, the Company, as the borrower, entered into a first amendment to the September 8, 2021, Credit Agreement ("First Amendment to the Credit Agreement"), with the Lender and the lenders thereto. The amendment to the Credit Agreement changed the definition of the term 'Payment Conditions' and further defined default or event of default and the calculation of the Fixed Charge Coverage Ratio.

Subject to certain conditions, borrowings under the Credit Agreement initially bore interest at LIBOR plus 1.25% or 1.50% per annum. On May 24, 2023, the Company entered into a second amendment to the Credit Agreement ("Second Amendment to the Credit Agreement") with the Lender to transition the applicable interest rate from LIBOR to Secured Overnight Financing Rate ("SOFR"). Effective as of the date of the Second Amendment to the Credit Agreement, borrowings under the amended Credit Agreement bear interest at SOFR plus 1.36% to 1.61%, or an effective interest rate of 6.68%, on September 30, 2024.

As of September 30, 2024, there was $3.6 million outstanding under the Credit Agreement, exclusive of fees and letters of credit.

Letters of credit outstanding with the Lender as of September 30, 2024, totaled $0.9 million.

Contractual Obligations

As of September 30, 2024, there have been no material changes to our contractual obligations presented in our Annual Report on Form 10-K for the year ended June 30, 2024.

Item 3.Quantitative and Qualitative Disclosures About Market Risk

General- Market risk represents the risk of changes in the value of a financial instrument, derivative or non-derivative, caused by fluctuations in interest rates, foreign exchange rates and equity prices. As discussed below, management of the Company does not believe that changes in these factors could cause material fluctuations in the Company's results of operations or cash flows. The ability to import furniture products can be adversely affected by political issues in the countries where suppliers are located, as well as disruptions associated with shipping distances and negotiations with port employees. Other risks related to furniture product importation include government imposition of regulations and/or quotas; duties, taxes or tariffs on imports; and significant fluctuation in the value of the U.S. dollar against foreign currencies. Any of these factors could interrupt supply, increase costs, and decrease earnings.

Foreign Currency Risk- During the quarters ended September 30, 2024 and 2023, the Company did not have sales but did have purchases and other expenses denominated in foreign currencies, primarily the Mexican Peso. The wages of our employees and certain other employee benefits and indirect costs related to our operations in Mexico are made in Pesos and subject to foreign currency fluctuation with the U.S. dollar. The Company does not employ any foreign currency hedges against this exposure. A negative shift in the value of the U.S. dollar against the Peso could increase the cost of our manufactured product. See "Risk Factors" in Item 1A in the most recent Annual Report on Form 10-K for further discussion.

Interest Rate Risk- The Company's primary market risk exposure regarding financial instruments is changes in interest rates. On September 30, 2024, the Company had $3.6 million outstanding on its line of credit, exclusive of fees and letters of credit.

Item 4.Controls and Procedures

(a) Evaluation of disclosure controls and procedures.Based on their evaluation as of the end of the period covered by this Quarterly Report on Form 10-Q, our Chief Executive Officer and Chief Financial Officer have concluded that our disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934, as amended) were effective as of September 30, 2024.

(b) Changes in internal control over financial reporting.During the quarter ended September 30, 2024, there were no significant changes in our internal control over financial reporting (as defined in Rule 13a-15(f) under the Securities Exchange Act of 1934, as amended) that have materially affected or are reasonably likely to materially affect the Company's internal control over financial reporting.

Cautionary Statement Relevant to Forward-Looking Information for "Safe Harbor" Provisions of the Private Securities Litigation Reform Act of 1995

The Company and its representatives may from time to time make written or oral forward-looking statements concerning long-term goals or anticipated results of the Company, including statements contained in the Company's filings with the Securities and Exchange Commission and its reports to stockholders.

Statements, including those in this Quarterly Report on Form 10-Q, which are not historical or current facts, are "forward-looking statements" made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. There are certain important factors that could cause the Company's results to differ materially from those anticipated by some of the statements made herein. Investors are cautioned that all forward-looking statements involve risk and uncertainty. Some of the factors that could affect results are the cyclical nature of the furniture industry, supply chain disruptions, litigation, restructurings, the effectiveness of new product introductions and distribution channels, the product mix of sales, pricing pressures, the cost of raw materials and fuel, changes in foreign currency values, retention and recruitment of key employees, actions by governments including laws, regulations, taxes and tariffs, the amount of sales generated and the profit margins thereon, competition (both U.S. and foreign), credit exposure with customers, participation in multi-employer pension plans, disruptions or security breaches to business information systems, the impact of any future pandemic, and general economic conditions. For further information regarding these risks and uncertainties, see the "Risk Factors" section in Item 1A of our most recent Annual Report on Form 10-K.

The Company specifically declines to undertake any obligation to publicly revise any forward-looking statements that have been made to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events.

PART II OTHER INFORMATION

Item 1A.Risk Factors

There has been no material change in the risk factors set forth under Part 1, Item 1A "Risk Factors" in the Company's Annual Report on Form 10-K for the fiscal year ended June 30, 2024.

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

On January 20, 2022, the Board of Directors approved a share repurchase program authorizing the Company to purchase up to $30 million of the Company's common stock through January 19, 2025.

The following table summarizes the activity of the common stock repurchases made during the three months ended September 30, 2024.

		Total Number			Average			Total Number of Shares			Approximate Dollar Value of Shares
		of Shares			Price Paid			Purchased			that May Yet
Period		Purchased			per Share			as Part of Plan			Be Purchased
July 1, 2024, to July 31, 2024			-			$	-				1,485,274			$	2,115,634
August 1, 2024, to August 31, 2024			-				-				1,485,274				2,115,634
September 1, 2024, to September 30, 2024			-				-				1,485,274				2,115,634
Three months ended September 30, 2024			-			$	-				1,485,274			$	2,115,634

Item 5. Other Information

Rule 10b5-1 Trading Plans

During the three months ended September 30, 2024, nodirector or officer of the Company adopted, modifiedor terminated a "Rule 10b5-1 trading arrangement" or a "non-Rule 10b5-1 trading arrangement" as each term is defined in Item 408(a) of Regulation S-K.

Item 6. Exhibits

Exhibit No.
31.1	Certification of Chief Executive Officer pursuant to Rule 13a-14(a) and 15d-14(a) of the Securities Exchange Act of 1934, as amended.*
31.2	Certification of Chief Financial Officer pursuant to Rule 13a-14(a) and 15d-14(a) of the Securities Exchange Act of 1934, as amended.*
32	Certification of Chief Executive Officer and Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.*
101.INS	XBRL Instance Document**
101.SCH	Inline XBRL Taxonomy Extension Schema With Embedded Linkbase Documents
104.Cover Page	Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101)
*	Filed herewith
**	In accordance with Regulation S-T, the XBRL-related information in Exhibit 101 to this Quarterly Report on Form 10-Q shall be deemed to be "furnished" and not "filed."

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

		FLEXSTEEL INDUSTRIES, INC.
Date:	October 23, 2024	By:	/s/ Michael J. Ressler
			Michael J. Ressler
			Chief Financial Officer
			(Principal Financial & Accounting Officer)

Public link

Please use the above public link if you want to share this noodl on another website.