Flexsteel: Fiscal 4Q Earnings Snapshot
DUBUQUE, Iowa (AP) _ Flexsteel Industries Inc. (FLXS) on Monday reported a fiscal fourth-quarter loss of $19.9 million, after reporting a profit in the same period a year earlier.
The Dubuque, Iowa-based company said it had a loss of $2.52 per share. Losses, adjusted for one-time gains and costs, were 28 cents per share.
The furniture maker posted revenue of $100.2 million in the period.
For the year, the company reported a loss of $32.6 million, or $4.13 per share, swinging to a loss in the period. Revenue was reported as $443.6 million.
Flexsteel shares have declined 32% since the beginning of the year. In the final minutes of trading on Monday, shares hit $14.97, a drop of 59% in the last 12 months.