Filing Flows › Flexsteel Industries (FLXS) › Q3 FY25
Flexsteel Industries (FLXS) Q3 FY25 earnings results (third quarter fiscal 2025)
10-Q filed Apr 23, 2025
Flexsteel Industries (FLXS) reported revenue of $114M for the third quarter fiscal 2025 (Q3 FY25), +6% from a year earlier and +5% from the quarter before. Operating margin was -4.4%, net loss $3.7M (3.3% of revenue).
Flexsteel Industries, Q3 FY25: revenue $114M (+6% year over year), operating margin -4.4%, net loss $3.7M, operating cash flow $12.3M. The chart follows the revenue to costs, profit and cash.
| Q3 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $114M | +5% | +6% |
| Operating profit | −$5.1M | — | — |
| Net earnings | −$3.7M | — | — |
| Operating cash flow | $12.3M | +83% | +70% |
| Free cash flow | $10.9M | +88% | +85% |
What changed
Revenue was $114.0M in Q3 FY25, up 6% year over year and up 5% from the previous quarter.
Gross margin was 22.2%, up 0.5 points from a year earlier. Operating costs exceeded revenue by $5.1M, an operating margin of -4.4%. Operating expenses grew 49% against revenue growth of 6%. The fastest-growing cost line was Other operating costs (+407%). The quarter ended with a net loss of $3.7M, after a profit of $9.1M the previous quarter.
Operating cash flow was $12.3M (up 70% year over year). Non-cash charges added back $924K of depreciation and $862K of share-based compensation. Working capital and other items added $14.2M. Capital expenditures of $1.4M left free cash flow of $10.9M.
Questions
What was Flexsteel Industries' revenue in the third quarter fiscal 2025?
Flexsteel Industries (FLXS) reported revenue of $114M for the third quarter fiscal 2025 (Q3 FY25), +6% from a year earlier and +5% from the quarter before.
Was Flexsteel Industries profitable in the third quarter fiscal 2025?
Operating loss was $5.1M (-4.4% of revenue) and net loss $3.7M.