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Flexsteel Industries (FLXS) earnings and revenue breakdown
Latest: Q1 FY27 · 10-Q filed Oct 28, 2026 · Flexsteel Industries (FLXS) Q1 FY27 earnings results →
Q1 FY27 Revenue up 3% year over year to $114M · 5¢ of every $1 of revenue kept as net profit · operating margin 6.0%
Flexsteel Industries made $114M in Q1 FY27 (+3% Y/Y): Flexsteel Brand $113M, Homestyles Brand $1.4M. Operating margin 6.0%, net earnings $5.4M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Oct 28, 2026.
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What changed this quarter
Revenue was $114.0M in Q1 FY27, up 3% year over year and down 1% from the previous quarter. Flexsteel Brand was the largest line at 99% of revenue. Flexsteel Brand added $5.4M year over year (up 5%), 153% of the total change. Homestyles Brand declined 57%.
Gross margin was 22.0%, down 1.5 points from Q1 FY26. Operating profit was $6.9M, a 6.0% margin (down 2.1 points year over year). Operating profit fell $2.1M even though revenue rose $3.5M versus Q1 FY26, so costs grew faster than sales. Operating expenses grew 7% against revenue growth of 3%. Net earnings were $5.4M, down 26% year over year. The effective tax rate was 21.8%.
Operating cash flow was −$1.5M. Non-cash charges added back $1.1M of depreciation and $1.1M of share-based compensation. Working capital and other items used $9.1M. Capital expenditures of $1.0M exceeded it, leaving free cash flow of −$2.4M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q1 FY27 | 10-Q | Oct 28, 2026 | $114M | +3% | 6.0% | $5.4M | −$1.5M |
| Q4 FY26 | 10-K | Aug 19, 2026 | $115M | +0.7% | 14.2% | $12.7M | $24.3M |
| Q3 FY26 | 10-Q | Apr 22, 2026 | $115M | +1% | 7.1% | $6.4M | $22.1M |
| Q2 FY26 | 10-Q | Feb 4, 2026 | $118M | +9% | 7.6% | $6.6M | $1.0M |
| Q1 FY26 | 10-Q | Oct 22, 2025 | $110M | +6% | 8.1% | $7.3M | $4.1M |
| Q4 FY25 | 10-K | Aug 22, 2025 | $115M | +3% | 12.2% | $10.7M | $15.6M |
| Q3 FY25 | 10-Q | Apr 23, 2025 | $114M | +6% | -4.4% | −$3.7M | $12.3M |
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🔄Rotation against the market and its industry (RRG)interactive
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About Flexsteel Industries
Flexsteel Industries, Inc. and Subsidiaries (the “Company,” “Flexsteel,” or “Our”) is one of the largest residential furniture manufacturers, importers, and marketers in the U.S. Flexsteel addresses different consumer groups through our core brand, Flexsteel, and several category-specific sub-brands: Zecliner, Statements, Zen, Perfect Match, and Pulse, all of which have unique value propositions tailored to specific consumer needs. We offer a wide assortment of product solutions for different areas within the home including stationary and motion sofas, loveseats, chairs, and sectionals, as well as bedroom furniture, dining tables and chairs, occasional and entertainment tables, and kitchen storage.
In its own words, from its 10-K, filed Aug 19, 2026.
Flexsteel Industries against its Household Furniture peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +3% against the peers' median -3%. Operating margin: 6.0% against the peers' median 5.9%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| FLXS Flexsteel Industries | Q1 FY27 | $114M | +3% | 6.0% |
| SGI Somnigroup International | Q2 2026 | $1.8B | -3% | 11.1% |
| Leggett & Platt | Q2 2026 | $1.0B | -6% | 6.8% |
| LZB La-Z-Boy | Q1 FY27 | $476M | -3% | -0.4% |
| CODI Compass Diversified | Q3 2026 | $423M | -10% | 7.5% |
| PRPL Purple Innovation | Q3 2026 | $96.5M | -19% | -10.1% |
| HOFT Hooker Furnishings | Q2 FY27 | $63.2M | -9% | 2.0% |
| LUVU Luvu Brands | Q4 FY26 | $8.1M | +14% | 5.9% |
| XMAX XMax | Q2 2026 | $2.7M | +7% | -44.5% |
Source: Flexsteel Industries 10-Q on SEC EDGAR · CIK 37472 · Household Furniture
13F: who owns FLXS and who is buying
More on FLXS
History
Every quarter: Q1 FY27 results · Q4 FY26 results · Q3 FY26 results · Q2 FY26 results · Q1 FY26 results · Q4 FY25 results · Q3 FY25 results