| Address:
|
PO BOX 877
3400 JACKSON |
| City: |
DUBUQUE |
|
State: |
IA |
|
Zip Code: |
52004-0877 |
| Telephone: |
319-556-7730 |
|
Description of Business
|
Primary SIC Code:
2510 |
| (As filed with the SEC)
|
|
|
Flexsteel Industries, Inc. and Subsidiaries (the "Company") was
incorporated in 1929 and is one of the oldest and largest manufacturers,
importers and marketers of residential and commercial upholstered and wooden
furniture products in the United States. Product offerings include a wide
variety of upholstered and wood furniture such as sofas, loveseats, chairs,
reclining and rocker-reclining chairs, swivel rockers, sofa beds, convertible
bedding units, occasional tables, desks, dining tables and chairs and bedroom
furniture. The Company's products are intended for use in home, office, hotel
and other commercial applications. Featured as a basic component in most of the
upholstered furniture is a unique steel drop-in seat spring from which our name
"Flexsteel" is derived. The Company distributes its products throughout the
United States through the Company's sales force and various independent
representatives. ... More ... |
| Date |
12-mos
Rolling EPS |
Dividend |
P/E
Ratio |
| 09/2011 | 1.50 | 0.100 | 9.99 | | 06/2011 | 1.50 | 0.075 | 9.75 | | 03/2011 | 1.61 | 0.075 | 9.35 | | 12/2010 | 1.60 | 0.075 | 11.09 | | 09/2010 | 1.77 | 0.075 | 8.67 | | 06/2010 | 1.61 | 0.050 | 6.83 | | 03/2010 | 1.12 | 0.050 | 12.13 | | 12/2009 | 0.50 | 0.050 | 20.46 |
Key Financial Ratios and Statistics |
FYE:
06/30 |
| Profitability |
2011 |
Leverage |
2011 |
| Net Inc/Comm Equity | 0.78 | Total Liab/Total Assets | 0.22 | | Net Inc/Total Assets | 0.06 | Total Liab/Inv Cap | 0.26 | | Net Inc/Inv Cap | 0.08 | Total Liab/Comm Equity | 2.69 | | Pretax Inc/Net Sales | 0.05 | Interest Coverage Ratio | NA | | Net Inc/Net Sales | 0.03 | Curr Debt/Equity | NA | | Cash Flow/Net Sales | 0.04 | LTD/Equity | NA | | SG&A/NetSales | 0.18 | Total Debt/Equity | NA |
| Asset Utilization
|
|
Liquidity |
|
| Net Receivables Turnover | 9.06 | Quick Ratio | 1.98 | | Inventory Turnover | 3.58 | Current Ratio | 4.64 | | Inventory Day Sales | 0.01 | Net Rec/Curr Assets | 0.27 | | Net Sales/Work Cap | 3.37 | Inv/Curr Assets | 0.57 | | Net Sales/PP&E | 15.87 | | |
Income Statement (Millions) |
| |
9/30/2011
|
6/30/2011
|
3/31/2011
|
12/31/2010
|
|
Total Revenues(Net Sales)
|
81.52
|
84.20
|
85.18
|
82.82
|
|
Cost of Goods Sold
|
62.56
|
63.54
|
66.97
|
64.00
|
|
Selling & Admin Exps
|
15.33
|
14.44
|
14.56
|
16.52
|
|
Operating Income
|
3.63
|
5.21
|
3.65
|
3.32
|
|
Interest Exp
|
NA
|
0.00
|
0.00
|
0.00
|
|
Pretax Income
|
3.76
|
5.31
|
3.78
|
3.33
|
|
Other Income
|
0.13
|
0.10
|
0.13
|
0.01
|
|
Net Income Bef Extraordinary ...
|
NA
|
NA
|
NA
|
NA
|
|
Net Income
|
2.38
|
3.49
|
2.46
|
2.13
|
|
Assets
|
9/30/2011
|
6/30/2011
|
3/31/2011
|
12/31/2010
|
|
Cash & Short Term Investments
|
14.09
|
17.89
|
12.20
|
7.16
|
|
Receivables - Total
|
36.12
|
35.15
|
39.46
|
36.19
|
|
Inventories - Total
|
78.38
|
73.68
|
74.74
|
77.91
|
|
Total Current Assets
|
130.01
|
128.35
|
127.87
|
122.78
|
|
Net Property, Plant & Equipment
|
21.27
|
21.39
|
20.45
|
20.67
|
|
Total Assets
|
165.52
|
164.68
|
164.19
|
159.03
|
|
Liabilities
|
|
|
|
|
|
Accounts Payable
|
20.90
|
27.67
|
30.15
|
27.39
|
|
Debt in Current Liabilities
|
NA
|
NA
|
NA
|
NA
|
|
Total Current Liabilities
|
27.34
|
27.67
|
30.15
|
27.39
|
|
Long-Term Debt
|
NA
|
NA
|
NA
|
NA
|
|
Total Liabilities
|
35.33
|
36.10
|
39.64
|
36.73
|
|
Stockholder's Equity
|
|
|
|
|
|
Minority Interest
|
NA
|
NA
|
NA
|
NA
|
|
Preferred Stock
|
NA
|
NA
|
NA
|
NA
|
|
Common Stock
|
6.76
|
6.71
|
6.71
|
6.69
|
|
Retained Earnings
|
117.40
|
115.70
|
112.72
|
110.76
|
|
Treasury Stock
|
NA
|
NA
|
NA
|
NA
|
|
Total Stockholders' Equity
|
130.19
|
128.57
|
124.55
|
122.29
|
|
Total Liabilities and Stockholders' Equity
|
165.52
|
164.68
|
164.19
|
159.03
|
Cash Flow Summary (Millions) |
|
Categories
|
9/30/2011
|
6/30/2011
|
3/31/2011
|
12/31/2010
|
|
Net Cash Provided by Operating Activities
|
-2.95
|
7.78
|
5.78
|
3.85
|
|
Net Cash Provided by Investing Activities
|
-0.43
|
-1.60
|
-0.35
|
-0.49
|
|
Net Cash Provided by Financing Activities
|
-0.42
|
-0.50
|
-0.39
|
-0.45
|
Annual Summary Data (Millions) |
| Year |
Sales |
Net
Income |
EPS |
| 06/2007 | 425.40 | 9.33 | 1.42 | | 06/2008 | 405.65 | 4.24 | 0.64 | | 06/2009 | 324.16 | -1.51 | -0.23 | | 06/2010 | 326.47 | 10.80 | 1.61 | | 06/2011 | 339.43 | 10.42 | 1.50 | | Growth Rates | -5.49 | -- | -- |
| Type |
Date(Q,M) |
No.
Owners |
Shares
Held (000s) |
%
Own |
| Institutional | 12/31/11 | 36 | 2,679 | 39.62 |
|
Report Date :
2/6/2012
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