Brief: Flexsteel reports first quarter results

Flexsteel Industries

20/10/2015 24:15

Oct 19 (Reuters) - Flexsteel Industries Inc  FLXS.O : 
 * Reports first quarter results 
 * Q1 earnings per share $0.74 
 * Q1 sales rose 16.4 percent to $127 million 
 * Gross margin as percent of net sales for quarter ended September 30, 2015 was 22.0% compared to 23.5% for prior year quarter 
 * Expects top line growth will continue during second fiscal quarter due to   strong order trends and backlog of unshipped orders 
 * Says operating capital expenditures are estimated to be $6 million for the   remainder of fiscal 2016 
 
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