Flexsteel Industries, one of the largest residential furniture makers in the U.S. and number 26 on the FDMC 300, has reported strong financial results after a long period of decline.

Based on rapidly declining demand and changing market conditions driven by the coronavirus pandemic, Flexsteel said the RV and hospitality businesses are no longer a strategic fit. The company will also permanently close plants in Dubuque, Iowa, and Starkville, Mississippi.

The outbreak of COVID-19 has prompted Flexsteel to shut down its primary manufacturing plant for two weeks. The closure will begin March 27.

Derek P. Schmidt will join Flexsteel and assume the role of chief financial officer and chief operating officer.

Flexsteel Industries, the fifth largest residential furniture maker in the U.S. and number 24 on the FDMC 300, has announced another shutdown - this time a manufacturing plant in Harrison, Arkansas.

Flexsteel Industries, the fifth largest residential furniture maker in the U.S. and number 24 on the FDMC 300, will shut down its commercial, office, and hospitality furniture lines.