Filing Flows › Flexsteel Industries (FLXS) › Q3 FY26
Flexsteel Industries (FLXS) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed Apr 22, 2026
Flexsteel Industries (FLXS) reported revenue of $115M for the third quarter fiscal 2026 (Q3 FY26), +1% from a year earlier and -3% from the quarter before. Operating margin was 7.1%, net earnings $6.4M (5.6% of revenue).
Flexsteel Industries, Q3 FY26: revenue $115M (+1% year over year), operating margin 7.1%, net earnings $6.4M, operating cash flow $22.1M. The chart follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $115M | -3% | +1% |
| Gross profit | $26.0M | -3% | +3% |
| Operating profit | $8.2M | -9% | — |
| Net earnings | $6.4M | -3% | — |
| Operating cash flow | $22.1M | 22× | +80% |
| Free cash flow | $21.6M | — | +98% |
What changed
Revenue was $115.1M in Q3 FY26, up 1% year over year and down 3% from the previous quarter.
Gross margin was 22.6%, up 0.4 points from Q3 FY25. Operating profit was $8.2M, a 7.1% margin (up 11.6 points year over year). Operating expenses fell 41% while revenue rose 1%. Net earnings were $6.4M. The effective tax rate was 24.9%.
Operating cash flow was $22.1M (up 80% year over year), 342% of net earnings. Non-cash charges added back $1.1M of depreciation and $1.1M of share-based compensation. Working capital and other items added $13.4M. Capital expenditures of $440K left free cash flow of $21.6M.
Questions
What was Flexsteel Industries' revenue in the third quarter fiscal 2026?
Flexsteel Industries (FLXS) reported revenue of $115M for the third quarter fiscal 2026 (Q3 FY26), +1% from a year earlier and -3% from the quarter before.
Was Flexsteel Industries profitable in the third quarter fiscal 2026?
Operating profit was $8.2M (7.1% of revenue) and net earnings $6.4M.