Dubuque's Flexsteel reports strongest first quarter in history
Written by Lauren DeWitt, Multimedia Journalist - bio | email
DUBUQUE (KWWL) -
Dubuque's Flexsteel Industries is reporting it's strongest first quarter in the companies history. Flexsteel Industries is a company that specializes in furniture craft work. The company was established in 1929.
Flexsteel Industries is reporting net sales of more than $104 million for it's quarter ending in September. That's an increase of 14% from the previous year's quarter.
The company is also reporting residential net sales have increased 16% to $84 million in the current quarter. Flexsteel believes that increase is primarily due to increased sales of upholstered and ready-to-assemble products.
Commercial net sales have also seen an increase according to the company. Flexsteel Industries is reporting commercial net sales have increased approximately $14 Million to $20.3 million.
The company believes it's top line growth will continue through the end of the 2014 fiscal year.
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