Flexsteel’s net sales in the second quarter, which ended Dec. 31, reached $85 million, a 2.6 percent increase compared to $82.8 million in sales the company made in the same quarter last year. The company’s net income in the second quarter was $2.9 million, or $0.42 per share, compared to a net income of $2.1 million and $0.31 per share in in the quarter last year, according to the company.

For the first six months of fiscal 2012, Flexsteel’s net sales were $166.5 million, compared to the prior year sales of $170.1 million, a 2.1 percent decrease. The company’s net income in the six-month period finished at $5.3 million, or $0.76 per share, compared to a net income of $4.5 million and $0.65 per share during the same period last year, according to the company.

Flexsteel’s capital expenditures through the first six month fiscal period in 2012 were $2.7 million, including $2.1 million related to construction of a corporate office building. The company expects its capital expenditures to be approximately $10 million for the remainder of the 2012 fiscal year, including costs related to construction, furnishing and equipping the corporate office building which is expected to be completed in August.

Flexsteel’s financial report included a projection for the company’s growth for the duration of fiscal 2012.

“The company believes that top line growth will be modest through the second half of fiscal year 2012. Our business continues to be adversely impacted by macroeconomic conditions such as high unemployment, limited job growth and a depressed housing market resulting in low consumer confidence levels,” Flexsteel stated in a press release. “We expect orders for residential seating products to continue to perform slightly above prior year levels. Our commercial office business has picked up modestly as we enter the second half of the fiscal year. The company is expecting flat order trends for our vehicle and hospitality seating products for the remainder of the fiscal year.”