弗莱克斯蒂尔工业 2026年季度报告

FORM 10-Q______________________________________ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934For the quarterly period ended December 31, 2025 or Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934For the transition period fromto Commission file number0-5151______________________________________ FLEXSTEEL INDUSTRIES, INC. (Exact Name of Registrant as Specified in Its Charter) Incorporated in the State of Minnesota42-0442319(State or other Jurisdiction of(I.R.S. Identification No.)Incorporation or Organization)385 BELL STREETDUBUQUE, IA 52001-7004(Address of Principal Executive Offices)(Zip Code)(563) 556-7730(Registrant’s Telephone Number, Including Area Code)______________________________________Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the Registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such a shorter period that the Registrant was required to file suchreports), and (2) has been subject to such filing requirements for the past 90 days. YesNo Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period thatthe registrant was required to submit and post such files). YesNo Indicate by check mark whether the Registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smallerreporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act (check one).Large Accelerated FilerAccelerated FilerNon-Accelerated FilerSmaller Reporting CompanyEmerging Growth Company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Indicate by check mark whether the Registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). YesNo Common Stock - $1.00 Par ValueShares Outstanding as of February 4, 2026 FLEXSTEEL INDUSTRIES, INC.QUARTERLY REPORT ON FORM 10-QFOR THE QUARTER ENDED DECEMBER 31, 2025 Page Item 1.Financial Statements3Consolidated Balance Sheets as of December 31, 2025, and June 30, 2025 (Unaudited)3Consolidated Statements of Income and Comprehensive Income for three and six months endedDecember 31, 2025, and December 31, 2024 (Unaudited)4Consolidated Statements of Changes in Shareholders’ Equity for the three and six months endedDecember 31, 2025, and December 31, 2024 (Unaudited)5Consolidated Statements of Cash Flows for the six months ended December 31, 2025, and December31, 2024 (Unaudited)6Notes to Consolidated Financial Statements (Unaudited)7Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations13Item 3.Quantitative and Qualitative Disclosures About Market Risk15Item 4.Controls and Procedures16Part II – Other InformationItem 1A.Risk Factors16Item 2.Unregistered Sales of Equity Securities and Use of Proceeds17Item 5.Other Information17Item 6.Exhibits17Signatures18 FLEXSTEEL INDUSTRIES, INC. AND SUBSIDIARIESCONSOLIDATED BALANCE SHEETS (UNAUDITED)(Amounts in thousands) FLEXSTEEL INDUSTRIES, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)FOR THE PERIOD ENDED DECEMBER 31, 2025 1. BASIS OF PRESENTATION AND DESCRIPTION OF BUSINESS DESCRIPTION OF BUSINESS – Flexsteel Industries, Inc. and Subsidiaries (the “Company” or “Flexsteel” or “Our”) is one of thelargest residential furniture manufacturers, importers, and marketers in the U.S., known for crafting comfortable, durable seatingand timeless designs for rooms throughout the home. Product offerings include a wide variety of furniture such as sofas, loveseats,chairs, reclining rocking chairs, swivel rockers, sofa beds, convertible bedding units, occasional tables, desks, dining tables andchairs, kitchen storage, bedroom furniture, and outdoor furniture. For more than 130 years, Flexsteel has built furniture with care,highlighted by its patented Blue Steel Spring technology that delivers lasting comfort and support. Today, Flexsteel products areavailable nationwide through retail partners and online channels, helping people create inviting, livable spaces they can enjoy foryears to come. BASIS OF PRESENTATION – The unaudited Consolidated Financial Statements included herein have been prepared pursuant tothe rules and regulations of the Securities and Exchange Commission (“SEC”). The information contained in the ConsolidatedFinancial Statements includes normal recurring