Article: Flexsteel Announces First Quarter Fiscal 2010 Operating Results.

Flexsteel Industries, Inc. (NASDAQ:FLXS) reported results of operations for its first fiscal quarter ended September 30, 2009.

The Company reported net sales for the quarter ended September 30, 2009 of $75.9 million compared to the prior year quarter of $91.4 million, a decrease of 16.9%. The Company reported net income for the current quarter of $1.4 million or $0.21 per share compared to a net loss of $0.7 million or $0.11 per share in the prior year quarter. The prior year quarter included approximately $1.3 million of facility consolidation costs.

For the quarter ended September 30, 2009, residential net sales were $56.2 million, a decrease of 9.4% ...

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