
Flexsteel Stock Falls 18% in the Session After Its Fiscal First-Quarter Results
Gross margin fell to 22.0%, operating income dropped, and cash fell to $4.4 million, while the company guided to 1% to 4% sales growth next quarter.

Gross margin fell to 22.0%, operating income dropped, and cash fell to $4.4 million, while the company guided to 1% to 4% sales growth next quarter.

The company reported a wider third-quarter net loss and said its TibuSHIELD data remains on track for the fourth quarter of 2026.

MFIC holders would receive $10.88 per share in cash and Ares Capital stock, a 30.1% premium to the prior close.

The equipment rental company raised its full-year 2026 revenue, adjusted EBITDA and capex guidance for the second time this year, citing mega-project demand.

The company's Q3 2026 results included a Q4 Adjusted EBITDA outlook of $10 to 20 million, with operational problems at the Augusta mill continuing into October.

The biotech is also exploring strategic alternatives, including a possible merger, sale or liquidation, after two patient deaths and weaker durability data.

Range holders would receive 0.987 EQT shares for each Range share, with Range stockholders owning about 27% of the combined company.

The 61% PASI 100 response in the high-dose group matched results from the earlier EVERLAST-A trial, and the company plans Phase 3 trials in the first half of 2027.

The filing, accepted before the open Monday, reported initial Phase 2 results for budoprutug in primary membranous nephropathy, and no source ties the decline to a specific item in it.

Neither the filing nor the press release attached to it says why the stock dropped, though the company called the early response rates encouraging.