The Dixie Group Reports Net Loss For The Third Quarter Of 2025
The Dixie Group (OTCQB:DXYN) reported results for the quarter ended September 27, 2025: Q3 net sales $62.4M vs $64.9M a year earlier and a Q3 net loss from continuing operations $3.998M ($0.28 diluted). For the nine months, net sales were $193.9M (down 3.3% YoY) and the company recorded a nine-month operating income of $1.175M versus an operating loss a year earlier.
Gross margin held near prior-year levels at 24.8%. Inventory was $68.5M (10.8% below prior-year September). Interest expense rose to $2.0M in Q3. The company recorded an estimated liability and entered memoranda of understanding to settle two PFAS lawsuits and reached an agreement in principle on a third, subject to conditions.
The Dixie Group (OTCQB:DXYN) ha riportato i risultati per il trimestre terminato il 27 settembre 2025: Q3 net sales $62.4M rispetto a $64.9M l'anno precedente e una Q3 net loss from continuing operations $3.998M ($0.28 diluted). Per i nove mesi, le vendite nette sono state $193.9M (in calo del 3,3% su base annua) e l'azienda ha registrato un utile operativo di nove mesi di $1.175M rispetto a una perdita operativa un anno prima.
Il margine lordo si è mantenuto vicino ai livelli dell'anno precedente al 24,8%. Le scorte ammontavano a $68.5M (10,8% in meno rispetto al settembre dell'anno precedente). Gli oneri finanziari sono aumentati a $2.0M nel Q3. L'azienda ha registrato una passività stimata e ha firmato memoranda di intesa per risolvere due cause PFAS e è giunta a un accordo di principio su una terza, soggetto a condizioni.
The Dixie Group (OTCQB:DXYN) reportó resultados para el trimestre terminado el 27 de septiembre de 2025: ventas netas del 3T $62.4M frente a $64.9M del año anterior y una pérdida neta del 3T proveniente de operaciones continuas de $3.998M ($0.28 diluido). Para los nueve meses, las ventas netas fueron $193.9M (bajo 3.3% interanual) y la empresa registró un ingreso operativo de nueve meses de $1.175M frente a una pérdida operativa del año anterior.
El margen bruto se mantuvo cercano a los niveles del año anterior en 24.8%. El inventario fue de $68.5M (10.8% por debajo del septiembre del año anterior). El gasto por intereses aumentó a $2.0M en el Q3. La empresa registró una pasivo estimado y firmó memorandos de entendimiento para liquidar dos demandas PFAS y llegó a un acuerdo de principio sobre una tercera, sujeto a condiciones.
The Dixie Group (OTCQB:DXYN)는 2025년 9월 27일로 종료된 분기에 대한 실적을 발표했습니다: Q3 순매출 $62.4M 대 전년 $64.9M, 그리고 Q3 계속영업에서의 순손실 $3.998M ($0.28 희석주당). 9개월 동안 순매출은 $193.9M로 전년 대비 -3.3% 감소했고 회사는 9개월 영업이익 $1.175M를 기록했습니다. 전년 대비 영업손실.
총마진은 전년 수준에 근접한 24.8%를 유지했습니다. 재고는 $68.5M로 전년 9월 대비 10.8% 감소했습니다. Q3 이자비용은 $2.0M으로 증가했습니다. 회사는 두 건의 PFAS 소송을 해결하기 위한 합의책임을 기록했고 세 번째 건에 대해서도 조건부로 원칙에 합의했습니다.
The Dixie Group (OTCQB:DXYN) a publié les résultats du trimestre se terminant le 27 septembre 2025: ventes nettes du T3 de 62,4 M$ contre 64,9 M$ il y a un an et une perte nette du T3 provenant des activités continues de 3,998 M$ (0,28$ dilué). Pour les neuf mois, les ventes nettes étaient de 193,9 M$ (en baisse de 3,3 % en glissement annuel) et la société a enregistré un résultat opérationnel sur neuf mois de 1,175 M$ contre une perte opérationnelle l'année précédente.
La marge brute est restée proche des niveaux de l'année précédente à 24,8 %. L'inventaire était de 68,5 M$ (en baisse de 10,8 % par rapport à septembre de l'année précédente). Les intérêts n'ont cessé d'augmenter et s'élevaient à 2,0 M$ au T3. L'entreprise a enregistré une responsabilité estimée et a signé des mémorandums d'entente pour régler deux procès PFAS et est parvenue à un accord de principe sur un troisième, sous réserve de conditions.
The Dixie Group (OTCQB:DXYN) hat Ergebnisse für das Quartal zum 27. September 2025 gemeldet: Q3 Nettoumsatz $62,4 Mio. vs $64,9 Mio im Vorjahr und ein Q3 Nettogewinn aus fortgef{uh}hrten Gesch{a}ften $3,998 Mio. ($0,28 verwässert). Für die neun Monate betrugen die Nettoumsatzerlöse $193,9 Mio (rückläufig um 3,3% YoY) und das Unternehmen verzeichnete ein Neunmonatsbetriebsgewinn von $1,175 Mio gegenüber einem Betriebsverlust im Vorjahr.
Die Bruttomarge lag nahe am Vorjahresniveau bei 24,8%. Der Lagerbestand betrug $68,5 Mio (10,8% unter dem Vorjahres-September). Die Zinsaufwendungen stiegen im Q3 auf $2,0 Mio. Das Unternehmen verbuchte eine geschätzte Verbindlichkeit und unterzeichnete Absichtserklärungen, zwei PFAS-Klagen zu klären, und kam einer Vereinbarung über eine dritte, vorbehaltlich Bedingungen.
The Dixie Group (OTCQB:DXYN) أبلغت عن نتائج للربع المنتهي في 27 سبتمبر 2025: إيرادات الربع الثالث الصافية 62.4 مليون دولار مقابل 64.9 مليون دولار في السنة السابقة وخسارة صافية من العمليات المستمرة في الربع الثالث قدرها 3.998 مليون دولار (0.28 دولار مخفف للسهم). للمدة التسعة أشهر، بلغت الإيرادات الصافية 193.9 مليون دولار (انخفاض 3.3% على أساس سنوي) وسجلت الشركة دخل تشغيلي للمدة تسعة أشهر قدره 1.175 مليون دولار مقابل خسارة تشغيلية في السنة السابقة.
هامش الربح الإجمالي ظل بالقرب من مستويات السنة السابقة عند 24.8%. بلغت المخزونات 68.5 مليون دولار (انخفاض 10.8% عن سبتمبر من السنة السابقة). ارتفع مصروف الفوائد إلى 2.0 مليون دولار في الربع الثالث. سجلت الشركة التزاماً تقديرياً ودخلت مذكرات تفاهم لتسوية دعوتين PFAS وتوصلت إلى اتفاق مبدئي بشأن دعوى ثالثة، رهناً بالشروط.
- Nine-month operating income of $1.175M versus a prior-year operating loss
- Gross margin steady at 24.8% of net sales in Q3
- Fabrica wood program net sales +7.4% year over year for nine months
- DuraSilk SD collection showed measurable market share gains in polyester
- Q3 net sales declined 3.9% to $62.4M year over year
- Net loss from continuing operations of $3.998M in Q3
- Inventory down 10.8% versus September 2024
- Accounts payable and accrued expenses rose by $14.2M since December 2024
- Recorded estimated liability and MOUs to settle PFAS-related lawsuits
- Interest expense increased to $2.0M in Q3 from $1.6M prior year
DALTON, GA / ACCESS Newswire / November 12, 2025 / The Dixie Group, Inc. (OTCQB:DXYN) today reported financial results for the quarter ended September 27, 2025.
For the third quarter of 2025, the Company had net sales of
For the nine months ended September 27, 2025, net sales were
Commenting on the results, Daniel K. Frierson, Chairman and Chief Executive Officer, said, "Third quarter sales got off to a slow start as a result of headwinds in the housing markets tied to high interest rates and high housing prices. Despite a slow start to the quarter, we saw a strong rebound in sales for September giving us momentum as we entered the fourth quarter. The average weekly order entry rate for the first month of the fourth quarter was
Looking ahead to the 2026 fiscal year, we are focused on a profit improvement plan consisting of year over year cost reductions and operational efficiencies in excess of
For the third quarter and for the first nine months of 2025 our year over year soft surface net sales were down less than
A key growth segment has been our DuraSilk™SD collection which has shown strong growth and gained share of the polyester market. Our high-end carpet segment also had positive growth in the quarter for both nylon and decorative. Building on this momentum, in the third quarter we introduced two new DuraSilk™ polyester carpet styles and six new decorative carpet styles.
In our hard surface segment, our Fabrica wood program is a highlight, with net sales increasing
While market headwinds persist, especially within residential housing and consumer confidence, our team remains committed to high end customer service, design focused product introductions and operational excellence. Our continued focus on cost reductions and operational efficiencies will be instrumental in navigating industry challenges and driving improved profitability in future periods." Frierson concluded.
Net sales in the third quarter of 2025,
Selling and administrative expenses in the third quarter of 2025 were
On our September fiscal month end balance sheet, receivables increased
Subsequent to quarter end, the Company entered into a memorandum of understanding to settle two of its PFAS related lawsuits and the Company has obtained an agreement in principle to be dismissed without prejudice from a third PFAS related lawsuit. An estimated liability for the proposed settlement was recorded within the third quarter results. The proposed agreements are subject to certain conditions and final negotiations with the plaintiffs in the matters.
This press release contains forward-looking statements. Forward-looking statements are based on estimates, projections, beliefs and assumptions of management and the Company at the time of such statements and are not guarantees of performance. Forward-looking statements are subject to risk factors and uncertainties that could cause actual results to differ materially from those indicated in such forward-looking statements. Such factors include the levels of demand for the products produced by the Company. Other factors that could affect the Company's results include, but are not limited to, availability of raw material and transportation costs related to petroleum prices, the cost and availability of capital, integration of acquisitions, ability to attract, develop and retain qualified personnel and general economic and competitive conditions related to the Company's business. Issues related to the availability and price of energy may adversely affect the Company's operations. Additional information regarding these and other risk factors and uncertainties may be found in the Company's filings with the Securities and Exchange Commission. The Company disclaims any obligation to update or revise any forward-looking statements based on the occurrence of future events, the receipt of new information, or otherwise.
CONTACT:
Allen Danzey
Chief Financial Officer
706-876-5865
allen.danzey@dixiegroup.com
THE DIXIE GROUP, INC.
Consolidated Condensed Statements of Operations
(unaudited; in thousands, except earnings (loss) per share)
Three Months Ended | Nine Months Ended | |||||||||||||||
September 27, | September 28, | September 27, | September 28, | |||||||||||||
NET SALES | $ | 62,379 | $ | 64,877 | $ | 193,942 | $ | 200,638 | ||||||||
Cost of sales | 46,900 | 48,947 | 141,545 | 149,085 | ||||||||||||
GROSS PROFIT | 15,479 | 15,930 | 52,397 | 51,553 | ||||||||||||
Selling and administrative expenses | 16,365 | 17,561 | 50,016 | 51,309 | ||||||||||||
Other operating expense, net | 1,022 | 193 | 857 | 141 | ||||||||||||
Facility consolidation and severance expenses, net | 117 | 283 | 349 | 772 | ||||||||||||
OPERATING INCOME (LOSS) | (2,025 | ) | (2,107 | ) | 1,175 | (669 | ) | |||||||||
Interest expense | 2,012 | 1,628 | 5,377 | 4,780 | ||||||||||||
Other (income) expense, net | (16 | ) | (2 | ) | 67 | 8 | ||||||||||
LOSS FROM CONTINUING OPERATIONS BEFORE TAXES | (4,021 | ) | (3,733 | ) | (4,269 | ) | (5,457 | ) | ||||||||
Income tax provision (benefit) | (23 | ) | (4 | ) | 56 | 16 | ||||||||||
LOSS FROM CONTINUING OPERATIONS | (3,998 | ) | (3,729 | ) | (4,325 | ) | (5,473 | ) | ||||||||
Loss from discontinued operations, net of tax | (79 | ) | (182 | ) | (289 | ) | (329 | ) | ||||||||
NET LOSS | $ | (4,077 | ) | $ | (3,911 | ) | $ | (4,614 | ) | $ | (5,802 | ) | ||||
BASIC EARNINGS (LOSS) PER SHARE: | ||||||||||||||||
Continuing operations | $ | (0.28 | ) | $ | (0.26 | ) | $ | (0.30 | ) | $ | (0.37 | ) | ||||
Discontinued operations | (0.01 | ) | (0.01 | ) | (0.02 | ) | (0.02 | ) | ||||||||
Net loss | $ | (0.29 | ) | $ | (0.27 | ) | $ | (0.32 | ) | $ | (0.39 | ) | ||||
DILUTED EARNINGS (LOSS) PER SHARE: | ||||||||||||||||
Continuing operations | $ | (0.28 | ) | $ | (0.26 | ) | $ | (0.30 | ) | $ | (0.37 | ) | ||||
Discontinued operations | (0.01 | ) | (0.01 | ) | (0.02 | ) | (0.02 | ) | ||||||||
Net loss | $ | (0.29 | ) | $ | (0.27 | ) | $ | (0.32 | ) | $ | (0.39 | ) | ||||
Weighted-average shares outstanding: | ||||||||||||||||
Basic | 14,528 | 14,455 | 14,464 | 14,733 | ||||||||||||
Diluted | 14,528 | 14,455 | 14,464 | 14,733 | ||||||||||||
THE DIXIE GROUP, INC.
Consolidated Condensed Balance Sheets
(in thousands)
September 27, | December 28, | |||||||
ASSETS | (Unaudited) | |||||||
CURRENT ASSETS | ||||||||
Cash and cash equivalents | $ | 3,438 | $ | 19 | ||||
Receivables, net of allowances for expected credit losses of | 26,286 | 23,325 | ||||||
Inventories, net | 68,491 | 66,852 | ||||||
Prepaid and other current assets | 6,607 | 5,643 | ||||||
TOTAL CURRENT ASSETS | 104,822 | 95,839 | ||||||
PROPERTY, PLANT AND EQUIPMENT, NET | 30,284 | 33,747 | ||||||
OPERATING LEASE RIGHT-OF-USE ASSETS | 24,739 | 25,368 | ||||||
RESTRICTED CASH | 3,886 | - | ||||||
OTHER ASSETS | 19,087 | 19,854 | ||||||
LONG-TERM ASSETS OF DISCONTINUING OPERATIONS | 1,099 | 1,064 | ||||||
TOTAL ASSETS | $ | 183,917 | $ | 175,872 | ||||
LIABILITIES AND STOCKHOLDERS' EQUITY | ||||||||
CURRENT LIABILITIES | ||||||||
Accounts payable | $ | 26,763 | $ | 14,884 | ||||
Accrued expenses | 17,383 | 15,057 | ||||||
Current portion of long-term debt | 55,893 | 53,818 | ||||||
Current portion of operating lease liabilities | 4,451 | 3,804 | ||||||
Current liabilities of discontinued operations | 1,133 | 1,156 | ||||||
TOTAL CURRENT LIABILITIES | 105,623 | 88,719 | ||||||
LONG-TERM DEBT, NET | 25,539 | 28,530 | ||||||
OPERATING LEASE LIABILITIES | 21,412 | 22,295 | ||||||
OTHER LONG-TERM LIABILITIES | 16,143 | 16,712 | ||||||
Long-Term Liabilities of Discontinued Operations | 3,443 | 3,398 | ||||||
Stockholders' Equity | 11,757 | 16,218 | ||||||
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | $ | 183,917 | $ | 175,872 | ||||
SOURCE: The Dixie Group
View the original press release on ACCESS Newswire
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