Tranche Update on Flexsteel Industries, Inc.'s Equity Buyback Plan announced on January 24, 2022.
February 07, 2024 at 04:16 pm EST
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From October 1, 2023 to December 31, 2023, the company has repurchased 53,388 shares, representing 1.03% for $0.97 million. With this, the company has completed the repurchase of 1,470,988 shares, representing 24.56% for $27.55 million under the buyback announced on January 24, 2022.
Flexsteel Industries, Inc. is a manufacturer, importer, and marketer of residential furniture products in the United States. The Companyâs furniture products business involves the distribution of manufactured and imported products consisting of a broad line of furniture for the residential market. The Companyâs product offerings include a variety of furniture, such as sofas, loveseats, chairs, reclining rocking chairs, swivel rockers, sofa beds, convertible bedding units, occasional tables, desks, dining tables and chairs, kitchen storage, bedroom furniture, and outdoor furniture. The Company distributes its products throughout the United States through its e-commerce channel and direct sales force. The Company operates manufacturing facilities located in Dublin, Georgia, and Juarez, Mexico. The Company utilizes various types of wood, fabric, leather, filling material, high carbon spring steel, bar and wire stock, polyurethane foam and other raw materials in manufacturing furniture.
FLEXSTEEL INDUSTRIES, INC. 
