FLEXSTEEL INDUSTRIES INC

Flexsteel Industries, Inc. (NASDAQ: FLXS) is one of the largest residential furniture manufacturers, importers, and marketers in the United States. The company operates through a single reportable segment focused on furniture products for the residential market. Flexsteel serves consumers through its core brand and several category-specific sub-brands including Zecliner, Statements, Zen, Perfect Match, and Pulse, each tailored to distinct consumer segments and price points.

The company's product portfolio encompasses a comprehensive range of furniture solutions including stationary and motion sofas, loveseats, chairs, and sectionals, along with bedroom furniture, dining tables and chairs, occasional tables, entertainment tables, and kitchen storage. Flexsteel's products are distinguished by its patented Blue Steel Spring technology, designed to provide lasting comfort and support, and are available nationwide through retail partners and online channels.

Flexsteel operates manufacturing facilities in Juarez and Mexicali, Mexico, totaling approximately 1.1 million square feet, with approximately 900 employees based in Mexico. The company also maintains distribution centers in Edgerton, Kansas and Huntingburg, Indiana, along with showrooms and design centers in High Point, North Carolina and Las Vegas, Nevada. The company employs approximately 1,200 total employees as of the fiscal year ended June 30, 2026, with minimal collective bargaining representation.

The company's business model integrates manufactured products from its Mexico operations with finished goods sourced from offshore suppliers, primarily in Vietnam, enabling a blended offering of made-to-order and ready-to-deliver products. This strategy allows Flexsteel to provide diverse price points, styles, and product categories while maintaining supply chain flexibility. The company maintains a customer backlog and serves its retail partners through established distribution channels.

Flexsteel's competitive positioning relies on its manufacturing and sourcing capabilities, product quality, innovation, delivery reliability, and experienced management teams. The company maintains a presence in Asia with approximately 30 employees coordinating quality standards and product delivery from overseas suppliers. More information about the company is available at www.flexsteel.com.