Flexsteel Faces Key Session After 3.5% Stock Gain
Flexsteel Industries shares rose 3.5% to close at $55.24 Wednesday ahead of a scheduled investor presentation at Sidoti’s Micro-Cap Virtual Investor Conference on Thursday. The company recently bought back 1,279,870 shares for $60.2 million, reducing its share count by about 24%. Net income for the March quarter was $6.4 million, reversing a year-earlier loss. CEO Derek Schmidt and CFO Mike Ressler will address investors.