DUBUQUE, IA – Flexsteel Industries Inc. reported a 2% sales increase for the fourth quarter, ended June 30, according to NASDAQ.com. Sales for the fourth quarter reached $114.3 million, compared to $112.3 million in the same quarter last year. Residential net sales increased 2% from the fourth quarter last year to $71.5 million. Commercial net sales were $25.1 million, compared to $23.3 million in the same period last year.

Net sales for the fiscal year were $425.4 million, compared to $426.4 million last year. Residential net sales were $259.7 million, a decrease of 3% from the fiscal year ended June 30, 2006. Commercial net sales were $99.5 million for the fiscal year, an increase of 15% from the previous fiscal year. Read more.