Dixie Group Stock Price, News & Analysis

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%.

The Dixie Group (NASDAQ:DXYN) will host a conference call on May 11, 2022, at 11:00 a.m. ET to discuss its 2022 First Quarter Earnings. Interested participants can join by dialing 877-407-0989 and entering Conference ID 13729523. For those wishing to listen only, a live internet simulcast will be available on the company's Investor Relations page. An online replay will be accessible two hours after the call and will remain available for seven days.

The Dixie Group, Inc. (NASDAQ:DXYN) reported a 36% increase in net sales for 2021, reaching $341 million, compared to $251 million in 2020. The company achieved a net income of $1.6 million, significantly improving from a loss of $9.2 million the previous year. Despite challenges, including inflationary pressure on inventory and a ransomware attack, the company reduced its total debt to the lowest level since 2011. The gross margin for 2021 was 22.6%, slightly down from 22.9% in 2020. Looking ahead, sales for the first quarter of 2022 are up high single digits versus 2021, indicating positive momentum.

The Dixie Group (NASDAQ:DXYN) will host a conference call on March 10, 2022, at 2:00 p.m. ET to discuss its 2021 results. Interested participants can join by dialing 877-407-0989 with Conference ID No. 13726614. A digital replay will be available for two weeks, and an online replay will follow within two hours after the call for seven days. The Dixie Group is known for its high-end carpet and rug products marketed through brands such as Fabrica International and Masland Carpets.