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News Breaks
April 16, 2014
18:49 EDTFLXSFlexsteel Industries sees revenue growth continuing in Q4
Due to existing strong order backlog and positive order trends the company expects top line growth will continue for the fourth quarter. The company’s order backlog of $51M at March 31 is up 16% from March 31, 2013. Residential growth is expected from existing customers and products, and through expanding our product portfolio and customer base. The company believes this growth will be led by increased demand for upholstered and ready to assemble products. The company anticipates sales of commercial products to moderately increase for the fiscal year 2014 fourth quarter. The company is confident in its ability to take advantage of market opportunities. Q4 revenue consensus is one estimate $115.27M.
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