Dixie Group Stock Price, News & Analysis

The Dixie Group (NASDAQ:DXYN) has scheduled a conference call regarding its 2023 First Quarter Earnings Release on May 4, 2023, at 1:00 p.m. ET. Interested parties can join the call by dialing 877-407-0989 with Conference ID No. 13738400. For those wishing to listen only, an Internet simulcast will be available on the Investor Relations page of the company's website. Additionally, a replay of the call will be accessible online approximately two hours after the live broadcast and will remain available for seven days. The Dixie Group is known for its high-end floor coverings marketed through its various brands.

The Dixie Group, Inc. (NASDAQ:DXYN) reported a net sales decline of 11% in 2022, totaling $304 million compared to $341 million in 2021. The company faced a net loss of $35.1 million, largely due to decreased demand in the flooring industry, rising material costs, and the loss of a significant customer. A consolidation plan led to a 24% workforce reduction, aiming for over $25 million in annual savings. Despite these challenges, the company launched new product lines and witnessed positive order entry momentum in early 2023, with expectations of improved performance moving forward.

DALTON, GA / ACCESSWIRE / February 27, 2023 / The Dixie Group (NASDAQ:DXYN) invites participation in its 2022 Earnings Release conference call on March 2, 2023, at 10:00 a.m. ET. Investors can dial 877-407-0989 with Conference ID 13735921 to join the call. An online simulcast will be available on the company’s investor relations page, with a replay accessible for 7 days post-call. The Dixie Group specializes in premium floor coverings marketed under brands such as Fabrica International and Masland Carpets. For further inquiries, contact CFO Allen Danzey at 706-876-5865 or via email.

The Dixie Group plans to consolidate its East Coast tufting operations to its Eton, Georgia plant, projected to save about $25 million annually. For Q3 2022, the company reported net sales of $71.76 million and a net loss of $8.78 million, compared to a net income of $6.43 million in Q3 2021. Nine-month sales fell 7.5% year-over-year, while gross margins dropped to 17.5% from 27.9%. A decline in sales from a major customer and supply chain issues negatively impacted performance.

The Dixie Group, Inc (NASDAQ:DXYN) invites stakeholders to participate in its Q3 2022 earnings conference call on November 3, 2022, at 2:00 p.m. ET. Participants can dial 877-407-0989 using Conference ID 13733790 or listen via an online simulcast on the company's Investor Relations page. A replay will be accessible two hours post-call for seven days. The Dixie Group is known for its premium floor coverings marketed through brands like Fabrica International and Masland Carpets.

The Dixie Group (NASDAQ:DXYN) reported second quarter 2022 results, revealing net sales of $83.7 million, down 7% compared to the previous year, with a net loss of $4.5 million or $0.29 per diluted share. For the six months ending June 25, 2022, net sales decreased by 0.9% to $161.3 million, while net loss reached $7.8 million. The company plans to establish a joint venture for luxury vinyl flooring production. Despite growth in some brands, the loss of a major customer contributed to lower sales. Gross profit margins declined due to increased raw material and freight costs.

The Dixie Group (NASDAQ:DXYN) will hold a conference call on August 15, 2022, at 2:00 p.m. ET to discuss its Q2 2022 earnings. Interested participants can dial 877-407-0989 and enter Conference ID 13731489 to join. An internet simulcast will also be available on the company's Investor Relations page. A replay of the call will be accessible approximately two hours after the live event and will be available for seven days. The Dixie Group is known for its premium carpet and rug products marketed under Fabrica International, Masland Carpets, and Dixie Home brands.

The Dixie Group reported its Q1 2022 financial results, highlighting a 6.6% increase in net sales from continuing operations to $77.6 million. However, the company faced a net loss of $3.4 million or $0.22 per share, compared to a loss of $2.0 million in the same period last year. Despite strong performance in the specialty retail segment, gross margins fell to 19.6% due to increased material and freight costs. The company secured an $11 million long-term loan at a fixed rate of 3.81%.