FORM 8-K

                                 CURRENT REPORT
     Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

        Date of Report (Date of earliest event reported) October 20, 2004
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                           FLEXSTEEL INDUSTRIES, INC.
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             (Exact name of registrant as specified in its charter)

            Minnesota                 0-5151                 42-0442319
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  (State or other jurisdiction     (Commission             (IRS Employer
        of incorporation)          File Number)          Identification No.)

               3400 Jackson Street, Dubuque, Iowa           52001
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             (Address of principal executive offices)     (Zip Code)


         Registrant's telephone number, including area code 563-556-7730
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         (Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):

   [  ]  Written communications pursuant to Rule 425 under the Securities Act
         (17 CFR 230.425)
   [  ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17
         CFR 240.14a-12)
   [  ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the
         Exchange Act (17 CFR 240.14d-2(b))
   [  ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the
         Exchange Act (17 CFR 240.13e-4(c))

Item 2.02  Results of Operations and Financial Condition.

     On October 20, 2004, Flexsteel Industries, Inc. Announces First Quarter
Operating Results. See the Press Release attached hereto as Exhibit 99.1 and
incorporated herein by reference.

Item 9.01  Financial Statements and Exhibits.

     Exhibit 99.1 - Press Release by Flexsteel Industries, Inc. on October 20,
     2004.

Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.

                                             FLEXSTEEL INDUSTRIES, INC.
                                             --------------------------
                                                  (Registrant)

Date:    October 21, 2004                By:        /s/ R. J. Klosterman
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                                                 R. J. Klosterman
                                                 Financial Vice President &
                                                 Principal Financial Officer