Brief: Flexsteel Industries Q2 Sales Up 18.9% To $141.7 Mln

Flexsteel Industries

24/01/2022 21:52

Jan 24 (Reuters) - Flexsteel Industries Inc  FLXS.O :
    * FLEXSTEEL INDUSTRIES, INC. REPORTS FISCAL SECOND QUARTER
2022
RESULTS
    * Q2 SALES ROSE 18.9 PERCENT TO $141.7 MILLION
    * Q2 GAAP LOSS PER SHARE $1.13
    * SEES Q3 SALES UP 14 TO 22 PERCENT
    * Q2 NON-GAAP LOSS PER SHARE $1.05
    * QTRLY PROFIT RESULTS WERE HAMPERED BY CONTINUED SUPPLY
CHAIN
DISRUPTIONS AND SWELLING LOGISTICS COSTS
    * ANTICIPATE RATES WILL REMAIN ELEVATED THROUGH REMAINDER OF
CALENDAR 2022
    * TAKING ACTIONS TO ASSERTIVELY MANAGE COSTS AND ADDRESS
MARGIN
PRESSURES WHERE POSSIBLE

Source text for Eikon:  ID:nBw8f5rFNa 
Further company coverage:  FLXS.O 

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