Flexsteel (FLXS) Q2 2026 Earnings Call Transcript

Motley Fool Transcribing, The Motley Fool

Tue, February 3, 2026 astatine 11:33 AM CST 17 min read

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Tuesday, February 3, 2026 astatine 9 a.m. ET

• President and Chief Executive Officer — Derek Schmidt

• Chief Financial Officer — Michael Ressler

Michael Ressler: Thank you, and invited to today's telephone to sermon Flexsteel Industries 2nd 4th fiscal twelvemonth 2026 fiscal results. Our net release, which we issued aft marketplace adjacent yesterday, Monday, February 2, is disposable connected the Investor Relations conception of our website astatine www.flexsteel.com nether News and Events. I'm present contiguous with Derek Schmidt, President and Chief Executive Officer. On today's call, we volition supply prepared remarks, and past we'll unfastened the telephone to your questions. Before we begin, I would similar to punctual you that the comments connected today's telephone volition see forward-looking statements, which tin beryllium identified utilizing words specified arsenic estimate, anticipate, expect and akin phrases.

Forward-looking statements, by their nature, impact estimates, projections, goals, forecasts and assumptions and are taxable to risks and uncertainties that could origin existent results oregon outcomes to disagree materially from those expressed successful the forward-looking statements. Such risks and uncertainties include, but are not constricted to, those that are described successful our astir caller yearly study connected Form 10-K arsenic updated by our consequent quarterly reports connected Form 10-Q and different SEC filings arsenic applicable. These forward-looking statements talk lone arsenic of the day of this league telephone and should not beryllium relied upon arsenic prediction of aboriginal events.

Additionally, we whitethorn notation to non-GAAP measures, which are intended to supplement, but not substitute for the astir straight comparable GAAP measures. The property merchandise disposable connected the website contains the fiscal and different quantitative accusation to beryllium discussed today. And with that, I'll crook the telephone implicit to Derek Schmidt. Derek?

Derek Schmidt: Good morning, and convey you for joining america today. I'm pleased to stock our 2nd 4th results and to walk immoderate clip discussing however Flexsteel is performing successful an situation that continues to beryllium highly dynamic. Industry request remains uneven, tariff argumentation is evolving rapidly and user behaviour continues to shift. Against that backdrop, I'm encouraged not lone by the fiscal results we delivered this quarter, but by however our enactment is operating with agility, subject and a wide absorption connected semipermanent worth creation. During the quarter, we delivered beardown year-over-year income maturation of 9% and meaningful nett improvement, extending the momentum we've built implicit the past 2 years.