Flexsteel 2Q Income Holds SteadyFebruary 6, 2013
Net sales for the second quarter were $94.6 million, an 11 percent increase from the prior year quarter net sales of $85 million. Furniture net sales were $76.6 million for the quarter, a 14 percent increase from the prior year quarter sales of $67 million.
Net income for the first half was $5.8 million, compared to $5.3 million during the first six months of last year. Net sales of the six-month period were $185.8 million, a 12 percent increase $166.5 million in sales reported in the first half of last year.
Furniture sales for the six-month period were $148.9 million, a 15 percent increase from the prior year first half of $129.5 million.