Brief: Flexsteel Says Global Supply Chain Issues Remain A Significant Near-Term Challenge

Flexsteel Industries

26/04/2021 22:17

April 26 (Reuters) - Flexsteel Industries Inc  FLXS.O :
    * FLEXSTEEL INDUSTRIES, INC. REPORTS FISCAL THIRD QUARTER
2021
RESULTS
    * Q3 NON-GAAP EARNINGS PER SHARE $0.72
    * Q3 GAAP EARNINGS PER SHARE $0.67
    * Q3 SALES ROSE 19.8 PERCENT TO $118.4 MILLION
    * GLOBAL SUPPLY CHAIN ISSUES REMAIN A SIGNIFICANT NEAR-TERM
CHALLENGE
    * MATERIAL AND LABOR SHORTAGES REMAIN HEADWINDS AND HAVE
CHALLENGED OUR EFFORTS TO QUICKLY RAMP UP MANUFACTURING CAPACITY
    * FOAM SHORTAGE WAS SIGNIFICANTLY AGGRAVATED BY RECENT DEEP
FREEZE
IN LOUISIANA AND TEXAS
    * FLEXSTEEL INDUSTRIES - GIVEN SHORTAGES IN OCEAN CONTAINERS
AND
KEY MATERIALS, ALSO EXPERIENCED UNPRECEDENTED COST INFLATION IN
Q3

Source text for Eikon:  ID:nBwbj6rMpa 
Further company coverage:  FLXS.O 

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