Brief: Flexsteel Industries Reports Q4 Adjusted Non-GAAP Loss Per Share Of $0.47

Flexsteel Industries

24/08/2020 21:14

Aug 24 (Reuters) - Flexsteel Industries Inc  FLXS.O :
    * FLEXSTEEL INDUSTRIES, INC. REPORTS FISCAL FOURTH QUARTER
AND
FULL YEAR 2020 RESULTS
    * Q4 ADJUSTED NON-GAAP LOSS PER SHARE $0.47
    * Q4 GAAP LOSS PER SHARE $3.23
    * Q4 SALES FELL 35.3 PERCENT TO $64.8 MILLION
    * CONSERVATIVELY PLANNING FOR SALES ORDER GROWTH TO RECEDE
LATE IN
Q1 AND FOR REMAINDER OF CALENDAR YEAR 2020
    * NOT IN A POSITION TO PROVIDE ANY PROFIT GUIDANCE
    * APPROVED A NEW SHARE REPURCHASE PROGRAM AUTHORIZING
COMPANY TO
PURCHASE UP TO AGGREGATE OF $8 MILLION

Source text for Eikon:  ID:nBw1lTrsda 
Further company coverage:  FLXS.O 

 ((Reuters.Briefs@thomsonreuters.com;))