Brief: Flexsteel reports Q1 earnings per share $0.78

Flexsteel Industries

19/10/2017 23:40

Oct 19 (Reuters) - Flexsteel Industries Inc  FLXS.O : 
    * Flexsteel reports first quarter results 
    * Q1 earnings per share $0.78 
    * Q1 sales rose 6.9 percent to $119.8 million 
    * company expects to see continuing raw material cost 
increases into calendar year 2018 
    * Flexsteel Industries- for remainder of FY 2018, co expects 
moderate revenue growth including intentional sales decrease to 
certain contract customers 
    * company expects to see continuing raw material cost 
increases into calendar year 2018 
    * Flexsteel Industries- expects to capitalize $12 million 
for construction of manufacturing facility, $6 million for 
operations 
 
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Further company coverage:  FLXS.O  
 
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