Flexsteel Industries, Inc. · Dubuque, IA United States ·(NASDAQ (GM): FLXS)
Company Description
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Are you sitting down for this? If not, Flexsteel Industries might ask why. It's not as if the firm hasn't given you plenty of options. Flexsteel makes wood and upholstered furniture for the home, office, recreational vehicle, health care, and hotel markets. Most of its products -- including recliners, swivel rockers, sofas, and sofa beds -- incorporate a unique unitized spring for which the company is named. Flexsteel distributes its products, which are manufactured mostly in the US, throughout the country; it has minimal export sales. The company's retail operations were discontinued in 2003. That year Flexsteel acquired subsidiary DMI Furniture , which imports most of its products from Asia. To read the full description, subscribe now.
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Key Flexsteel Industries, Inc. Financials
| Company Type | Public - NASDAQ (GM): FLXS Headquarters |
| Fiscal Year-End | June |
| 2009 Sales (mil.) | $324.2 |
| 2008 Employees | 2,000 |
Flexsteel Industries, Inc. Executives
16 executives listed for Flexsteel Industries, Inc.'s Dubuque, IA location.
| Title | Name & Bio | Contact |
| Chairman | L. Bruce Boylen | Network |
| President, CEO, and Director | Ronald Klosterman | Network |
| VP Finance, CFO, and Secretary | Timothy Hall | Network |
Competition
Competitive Landscape for Flexsteel Industries, Inc.
Demand for auto parts is driven by new car sales, which are strongly affected by interest rates, and by the replacement market. Company profitability industry depends partly on the difficulty of manufacturing products and partly on demand volume, since many costs are fixed. Small companies can compete successfully by focusing on a small number of products or some highly technical ones. The structure of the industry is complex, with most smaller companies (referred to as "tier 2" and "tier 3" suppliers) selling parts to larger suppliers (referred to as "tier 1" suppliers), who in turn sell component assemblies or modules to car and truck assemblers such as GM and Ford - collectively called OEMs. To read the full description, subscribe now.Top Flexsteel Industries, Inc. Competitors
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