Tranche Update on Flexsteel Industries, Inc.'s Equity Buyback Plan announced on August 24, 2020.
January 25, 2021 at 09:44 pm
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From October 1, 2020 to November 30, 2020, the company has repurchased 133,739 shares, representing 1.8% for $3.44 million. With this, the company has completed the repurchase of 349,440 shares, representing 4.54% for $8 million under the buyback announced on August 24, 2020.
Flexsteel Industries, Inc. is a manufacturer, importer, and marketer of residential furniture products in the United States. The Companyâs furniture products business involves the distribution of manufactured and imported products consisting of a broad line of furniture for the residential market. The Companyâs product offerings include a variety of furniture, such as sofas, loveseats, chairs, reclining rocking chairs, swivel rockers, sofa beds, convertible bedding units, occasional tables, desks, dining tables and chairs, kitchen storage, bedroom furniture, and outdoor furniture. The Company distributes its products throughout the United States through its e-commerce channel and direct sales force. The Company operates manufacturing facilities located in Dublin, Georgia, and Juarez, Mexico. The Company utilizes various types of wood, fabric, leather, filling material, high carbon spring steel, bar and wire stock, polyurethane foam and other raw materials in manufacturing furniture.
FLEXSTEEL INDUSTRIES, INC. 
