Flexsteel Industries delivered a solid QQ4 2024 performance against a backdrop of weak consumer demand and industry-wide headwinds. Net sales reached $110.8 million, up 4.7% year over year, marking the third consecutive quarter of mid-to-high single-digit growth and near the top end of guidance. Management highlighted that growth was broad-based, with core brand strengths complemented by strategic initiatives in expanded markets. The company also achieved meaningful operating margin improvement, supported by cost savings, portfolio discipline, and profit-enhancing actions, including a one-time gain on the Starkville facility sale that contributed to GAAP margin strength. In fiscal 2024, Flexsteel reduced inventories by over $25 million and generated approximately $32 million in operating cash flow, helping to deleverage and strengthen the balance sheet. For fiscal 2025, management reiterated a constructive growth strategy focused on core-market expansion, new-channel penetration, and consumer insights-driven innovation, while confirming near-term headwinds in consumer demand and ongoing inflationary pressures.