Flexsteel Industries, Inc.

NasdaqGS:FLXS Stock Report

Market Cap: US$297.7m

Flexsteel Industries Management

Management criteria checks 4/4

Flexsteel Industries' CEO is Derek Schmidt, appointed in Jan 2024, has a tenure of less than a year. total yearly compensation is $1.46M, comprised of 32.2% salary and 67.8% bonuses, including company stock and options. directly owns 3.9% of the company’s shares, worth $11.60M. The average tenure of the management team and the board of directors is 5.3 years and 3.3 years respectively.

Key information

Derek Schmidt

Chief executive officer

US$1.5m

Total compensation

CEO salary percentage32.2%
CEO tenureless than a year
CEO ownership3.9%
Management average tenure5.3yrs
Board average tenure3.3yrs

Recent management updates

Recent updates

Investors Appear Satisfied With Flexsteel Industries, Inc.'s (NASDAQ:FLXS) Prospects As Shares Rocket 30%

Oct 28
Investors Appear Satisfied With Flexsteel Industries, Inc.'s (NASDAQ:FLXS) Prospects As Shares Rocket 30%

Flexsteel Reached A Year Of Cyclical Recovery, And The Stock Reaches Peak Optimism

Oct 22

Flexsteel Industries (NASDAQ:FLXS) Could Easily Take On More Debt

Sep 19
Flexsteel Industries (NASDAQ:FLXS) Could Easily Take On More Debt

Flexsteel's FY24 Was Great, But The Stock Is At Best Fairly Valued

Sep 03

Why Investors Shouldn't Be Surprised By Flexsteel Industries, Inc.'s (NASDAQ:FLXS) P/E

Aug 25
Why Investors Shouldn't Be Surprised By Flexsteel Industries, Inc.'s (NASDAQ:FLXS) P/E

Flexsteel Industries: Recent Q3 Top-Line Growth Of 8%+ Will Be Difficult To Maintain

Jul 11

Flexsteel Industries' Turnaround Has Been Demonstrated, But Undervaluation Remains

Jul 05

Flexsteel Industries: Navigating A Recovering Furniture Market

Mar 25

Flexsteel Is Going In The Right Direction But Is Too Expensive

Feb 25

Flexsteel Industries: A Window Of Opportunity

Jan 20

Flexsteel declares $0.15 dividend

Sep 13

CEO Compensation Analysis

How has Derek Schmidt's remuneration changed compared to Flexsteel Industries's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2024n/an/a

US$14m

Jun 30 2024US$1mUS$470k

US$11m

Mar 31 2024n/an/a

US$16m

Dec 31 2023n/an/a

US$15m

Sep 30 2023n/an/a

US$15m

Jun 30 2023US$1mUS$446k

US$15m

Mar 31 2023n/an/a

US$4m

Dec 31 2022n/an/a

US$8m

Sep 30 2022n/an/a

-US$2m

Jun 30 2022US$943kUS$437k

US$2m

Mar 31 2022n/an/a

US$8m

Dec 31 2021n/an/a

US$8m

Sep 30 2021n/an/a

US$24m

Jun 30 2021US$1mUS$394k

US$23m

Mar 31 2021n/an/a

-US$9m

Dec 31 2020n/an/a

-US$19m

Sep 30 2020n/an/a

-US$33m

Jun 30 2020US$912kUS$83k

-US$27m

Compensation vs Market: Derek's total compensation ($USD1.46M) is about average for companies of similar size in the US market ($USD1.41M).

Compensation vs Earnings: Derek's compensation has been consistent with company performance over the past year.


CEO

Derek Schmidt (51 yo)

less than a year

Tenure

US$1,460,645

Compensation

Mr. Derek Paul Schmidt serves as President and Director of Flexsteel Industries, Inc. since January 10, 2024 and serves as its Chief Executive Officer since July 01, 2024. He served as Chief Financial Offi...


Leadership Team

NamePositionTenureCompensationOwnership
Derek Schmidt
CEO, President & Directorless than a yearUS$1.46m3.9%
$ 11.6m
David Crimmins
Vice President of Sales & Product Management5.3yrsUS$881.35k0.50%
$ 1.5m
Michael Ressler
CFO, Treasurer & Secretaryless than a yearno data0.28%
$ 844.9k
Michael McClaflin
Chief Information & Technology Officer5.8yrsUS$174.92k0.57%
$ 1.7m
Stacy Kammes
VP of Human Resources & Assistant Secretary10.9yrsno data0.46%
$ 1.4m

5.3yrs

Average Tenure

44yo

Average Age

Experienced Management: FLXS's management team is seasoned and experienced (5.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Derek Schmidt
CEO, President & Directorless than a yearUS$1.46m3.9%
$ 11.6m
Thomas Levine
Independent Chair of the Board14yrsUS$244.48k0.62%
$ 1.8m
William Creekmuir
Independent Director5.9yrsUS$174.48k0.56%
$ 1.7m
Jerald Dittmer
Strategic Advisor & Director6yrsUS$3.02m3.89%
$ 11.6m
M. Culbreth
Independent Director3yrsUS$169.48k0.22%
$ 649.8k
Kathryn Dickson
Independent Director3.5yrsUS$166.98k0.42%
$ 1.3m
Jeanne McGovern
Independent Director2.3yrsUS$166.98k0.16%
$ 479.9k
F. Bertsch
Independent Directorno datano data3.96%
$ 11.8m

3.3yrs

Average Tenure

62yo

Average Age

Experienced Board: FLXS's board of directors are considered experienced (3.3 years average tenure).


Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/24 16:38
End of Day Share Price 2024/12/24 00:00
Earnings2024/09/30
Annual Earnings2024/06/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Flexsteel Industries, Inc. is covered by 2 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Anthony LebiedzinskiSidoti & Company, LLC
Jim MarroneSingular Research