Company profile

Ticker
FLXS
Exchange
CEO
Jerald K. Dittmer
Employees
Incorporated in
Location
Fiscal year end
Industry (SEC)
SEC CIK
IRS number
420442319

FLXS stock data

(
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FINRA relative short interest over last month (20 trading days) ?

Calendar

1 May 20
1 Jun 20
30 Jun 20

News

Company financial data Financial data

Quarter (USD) Mar 20 Dec 19 Sep 19 Jun 19
Revenue 98.82M 102.95M 100.35M 100.21M
Net income -5.27M -5.38M 9.55M -19.92M
Diluted EPS -0.66 -0.68 1.17 -2.52
Net profit margin -5.33% -5.23% 9.52% -19.87%
Operating income -8.34M -7.08M 12.68M -26.6M
Net change in cash 25.21M 1.1M 13.99M -6.34M
Cash on hand 62.54M 37.33M 36.24M 22.25M
Cost of revenue 84.97M 86.9M 83.13M 94.86M
Annual (USD) Jun 19 Jun 18 Jun 17 Jun 16
Revenue 443.59M 489.18M 468.76M 500.11M
Net income -32.61M 17.67M 23.79M 24.24M
Diluted EPS -4.13 2.23 3.02 3.12
Net profit margin -7.35% 3.61% 5.07% 4.85%
Operating income -43.15M 24.51M 37.26M 38.07M
Net change in cash -5.5M -1.12M -7.91M 35.5M
Cash on hand 22.25M 27.75M 28.87M 36.78M
Cost of revenue 373.65M 390.96M 360.11M 386.41M

Financial data from company earnings reports

Date Owner Security Transaction Code $Price #Shares $Value #Remaining
12 May 20 Kaness Matthew Common Stock Buy Aquire P 8.8 10,000 88K 11,632
7 May 20 Derek P Schmidt Common Stock Buy Aquire P 8.32 10,820 90.02K 22,415
6 Apr 20 Derek P Schmidt Common Stock Grant Aquire A 11.1 4,905 54.45K 11,595
6 Apr 20 Derek P Schmidt Option 4/6/20 Common Stock Grant Aquire A 9.97 108,884 1.09M 108,884
6 Apr 20 Derek P Schmidt RSU Common Stock Grant Aquire A 0 4,815 0 30,000
6 Apr 20 Derek P Schmidt RSU Common Stock Grant Aquire A 0 25,185 0 25,185
1 Apr 20 Dittmer Jerald K Common Stock Buy Aquire P 10.7 1,000 10.7K 9,500
65.6% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 67 69 -2.9%
Opened positions 8 10 -20.0%
Closed positions 10 6 +66.7%
Increased positions 17 30 -43.3%
Reduced positions 30 16 +87.5%
13F shares
Current Prev Q Change
Total value 82.81M 140.92M -41.2%
Total shares 5.25M 5.3M -1.1%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
Shares Value Change
Royce & Associates 929.1K $10.18M -1.4%
MOFG MidWestOne Financial 770.22K $8.44M -0.2%
Dimensional Fund Advisors 648.06K $7.1M +3.7%
BLK BlackRock 512.15K $5.61M +0.4%
Vanguard 346.39K $3.8M +0.0%
Renaissance Technologies 260.19K $2.85M +1.5%
Polar Asset Management Partners 198.6K $2.18M -37.8%
Geode Capital Management 132.85K $1.46M +2.6%
STT State Street 125.8K $1.41M -6.2%
Uniplan Investment Counsel 114.31K $1.25M NEW
Largest transactions
Shares Bought/sold Change
Polar Asset Management Partners 198.6K -120.81K -37.8%
Uniplan Investment Counsel 114.31K +114.31K NEW
Two Sigma Investments 16.84K -30.06K -64.1%
Squarepoint Ops 0 -28.06K EXIT
Dean Investment Associates 110.15K +23.18K +26.6%
Dimensional Fund Advisors 648.06K +23.06K +3.7%
North Star Investment Management 35.28K -22.53K -39.0%
Russell Investments 21.4K +21.4K NEW
22NW 18.75K +18.75K NEW
Royce & Associates 929.1K -13K -1.4%

Financial report summary

?
Management Discussion
  • Net sales for fiscal year 2019 were $443.6 million compared to $489.2 million in the prior fiscal year, a decrease of 9.3%.  For the fiscal year ended June 30, 2019, residential net sales were $374.5 million compared to $413.7 million for the year ended June 30, 2018, a decrease of 9.5%. The implementation of the tariff on furniture imported from China at 10% followed by an increase to 25% drove approximately 45% of the overall contraction in residential net sales. An additional 38% of decline in residential net sales was driven by lost share on products sold through our ecommerce channel due to the significant disruption caused by the implementation of the ERP system in the beginning of fourth quarter of fiscal 2018. Over the past fiscal year, the Company continued work stabilizing the ERP system, improving service levels, inventory positions and promotions to regain share positions through the end of the second quarter of fiscal 2019.  In addition, the Company has brought in new leadership over the Company’s ecommerce strategy and execution as well as a new Chief Information Officer to drive the information technology backbone including the ERP solution to facilitate success in the channel. The remaining reduction in residential net sales versus the prior fiscal year was attributed to general market softness as well as two strong comparative quarters in fiscal 2018. 
Content analysis ?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
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Removed: ecommerce, implementation, leaving, portion, utilize