Flexsteel sees pricing pressures as Q2 sales fall
DUBUQUE, IA-- Flexsteel Industries, Inc. (NASDAQ:FLXS) says revenue fell 8% during the second quarter versus one year ago. Commercial sales fell 7.8% to to $19.3 million; residential sales rose 1.5% versus the year ago period. Flexsteel says it is beginning to see pricing pressures on certain raw materials and finished products.  Flexsteel is a designer, manufacturer, importer and marketer of quality upholstered and wood furniture for residential, recreational vehicle, office, hospitality and healthcare markets.

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