Welcome to our dedicated page for Dixie Group news (Ticker: DXYN), a resource for investors and traders seeking the latest updates and insights on Dixie Group stock.
The Dixie Group (NASDAQ: DXYN) news hub provides investors and industry professionals with essential updates on this specialty flooring manufacturer. Track official announcements about product innovations like the Step Into Color collection, operational developments including manufacturing efficiencies, and strategic initiatives in the premium carpet market.
This resource aggregates earnings reports, leadership updates, and market expansion news while maintaining strict compliance with financial disclosure standards. Users gain insights into how DXYN navigates industry challenges through initiatives like raw material vertical integration and retail partnership expansions.
Discover updates across key categories: quarterly financial results, new product launches, manufacturing process improvements, and executive team changes. Bookmark this page for real-time access to SEC filings, investor presentations, and market analysis relevant to luxury flooring sector dynamics.
The Dixie Group (OTCQB:DXYN) reported its financial results for Q4 and full-year 2024. The company experienced a 4% decline in annual net sales to $265.0 million, down from $276.3 million in 2023. The net loss widened to $13.0 million ($0.88 per share) in 2024, compared to $2.7 million ($0.18 per share) in 2023.
Q4 2024 net sales decreased to $64.4 million from $66.7 million, with a net loss of $7.2 million versus a net income of $3.2 million in Q4 2023. Gross margin declined to 24.7% in 2024 from 26.7% in 2023, impacted by lower volume and higher costs.
The company secured a new $75 million senior credit facility in February 2025 and implemented a cost-reduction plan exceeding $10 million. Despite challenges, DXYN reported market share gains in high-end product offerings and residential polyester carpet segments.
The Dixie Group (DXYN) has announced it will host a conference call to discuss its 2024 financial results on Thursday, April 10, 2025, at 11:00 a.m. Eastern Time. The company will provide multiple ways to access the call, including a dial-in option and an Internet simulcast available on their investor relations website.
The company, which specializes in manufacturing and marketing soft and hard surface floor coverings for high-end residential customers, operates through several brands including Fabrica International, Masland Carpets, Dixie Home, and Trucor. A digital replay of the call will be available for two weeks following the broadcast.
The Dixie Group (OTCQB:DXYN) reported Q3 2024 financial results with net sales of $64.9 million, down 5.4% from $68.6 million in Q3 2023. The company recorded an operating loss of $2.1 million, compared to a $0.9 million loss in Q3 2023. Gross profit margin decreased to 24.6% from 26.6% year-over-year. Net loss from continuing operations was $3.7 million ($0.26 per share) versus $2.2 million ($0.15 per share) in Q3 2023. For the first nine months of 2024, net sales decreased 4.3% to $200.6 million, with a net loss of $5.5 million ($0.37 per share).
The Dixie Group (OTCQB:DXYN) has announced its Q3 2024 earnings conference call scheduled for Friday, November 1, 2024, at 10:00 a.m. Eastern Time. Participants can join via phone using the dial-in number 877-407-0989 with Conference ID 13748748. An Internet simulcast and replay will be available on the company's Investor Relations webpage. A digital replay will be accessible for two weeks after the broadcast using 877-660-6853 with the same Conference ID.
The Dixie Group (NASDAQ:DXYN) reported financial results for Q2 2024. Net sales were $70.5 million, down from $74.0 million in Q2 2023. However, the company saw improvements in other areas:
- Gross profit margin increased to 28.1% from 26.7%
- Operating income rose to $2.3 million from $0.3 million
- Net income was $0.7 million, compared to a $1.6 million loss in Q2 2023
The company also announced a 10-year sublease agreement for warehouse space, expected to generate $1.8 million in annual income. Despite challenging market conditions, Dixie Group is focusing on cost-saving initiatives, new product launches, and manufacturing efficiencies to improve performance.
The Dixie Group (NASDAQ:DXYN) has announced its 2024 Second Quarter Earnings Release conference call, scheduled for Thursday, August 8, 2024, at 10:00 a.m. Eastern Time. Investors and interested parties can participate by dialing 877-407-0989 with Conference ID No. 13747021. An Internet simulcast and replay will be available on the company's Investor Relations page. A digital replay will be accessible for two weeks after the live broadcast by dialing 877-660-6853 with the same Conference ID.
The Dixie Group is a leading marketer and manufacturer of soft and hard surface floor coverings for higher-end residential customers, operating through brands including Fabrica International, Masland Carpets, DH Floors, and Trucor.
The Dixie Group, Inc. (NASDAQ:DXYN) reported net sales of $65.3 million for the first quarter of 2024, with an operating loss of $857,000. The company faced challenges due to high interest rates affecting the housing market and continued inflation. Despite lower demand, the company saw improved sales and operating margins towards the end of the quarter. Additionally, the company launched new product offerings to drive sales volume and plans to reduce costs by $10 million in 2024.
The Dixie Group, Inc (NASDAQ:DXYN) announces its 2024 First Quarter Earnings Release and Conference Call scheduled for May 2, 2024, at 10:00 a.m. Eastern Time. The company, a leading marketer of soft and hard surface floor coverings, invites participants to dial in or access the call online. The earnings results will be available for replay for two weeks.
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