Flexsteel Industries, Inc. (NASDAQ:FLXS) Q3 2024 Earnings Call Transcript

Derek Schmidt: Exactly. Yeah.

Budd Bugatch: Got you. Okay. Well, congratulations to you, Derek. I look forward to our continued conversations, and best wishes to you, Jerry, on your retirement. I suspect you’ll find a lot to do.

Jerry Dittmer: Thanks, Budd.

Derek Schmidt: Thanks, Budd.

Operator: Thank you. The next question is from John Deysher with Pinnacle. Please go ahead.

John Deysher: All right. Good morning. Thanks for taking my questions, most of which have been answered. Just a couple of minor ones. What was the backlog at the end of the quarter, please?

Mike Ressler: The backlog into that $61.5 million, which was growth over — which was about $6.5 million growth over where it ended at the end of Q2.

John Deysher: Yeah, solid improvement. And what were e-commerce sales this quarter versus a year ago, please?

Derek Schmidt: Yeah, we don’t share absolute numbers. But that, as I indicated in the last — in Budd’s question, I mean they were down double digits. So again, that’s reflective of, I think, what we’re seeing externally in that channel.

John Deysher: Down double digits from a year ago or from the prior quarter?

Derek Schmidt: No, from year-over-year.

John Deysher: Year-over-year, down double digits. Is that correct?

Derek Schmidt: Correct.

John Deysher: Thank you.

Operator: Thank you. This concludes today’s question-and-answer session. I would now like to hand the call back to Jerry Dittmer for any closing remarks.

Jerry Dittmer: Thank you. In closing, I want to express my gratitude for the privilege to serve the Flexsteel family. I am proud of our collective successes. I believe the best is yet to come. And with Derek’s leadership, he will propel the organization to new heights. I have no doubt that Flexsteel will continue to flourish, thanks to the passion and commitment of all our employees and partners. Everyone, have a great day. Thanks.

Operator: The conference has now concluded. Thank you for your participation. You may now disconnect your lines.