Flexsteel Industries Inc (FLXS) reported earnings for its second quarter that increased from last year and beat the Street estimates.
The company's earnings totaled $9.05 million, or $1.62 per share. This compares with $3.05 million, or $0.57 per share, last year.
Excluding items, Flexsteel Industries Inc reported adjusted earnings of $5.29 million or $0.95 per share for the period.
Analysts on average had expected the company to earn $0.74 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 8.4% to $108.48 million from $100.11 million last year.
Flexsteel Industries Inc earnings at a glance (GAAP) :
-Earnings: $9.05 Mln. vs. $3.05 Mln. last year.
-EPS: $1.62 vs. $0.57 last year.
-Revenue: $108.48 Mln vs. $100.11 Mln last year.
-Guidance:
Next quarter revenue guidance: $110 - 115 Mln
Full year revenue guidance: $435 - 445 Mln
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