The Dixie Group, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2022
March 02, 2023 at 06:44 am EST
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The Dixie Group, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2022. For the fourth quarter, the company reported sales was USD 70.54 million compared to USD 89.23 million a year ago. Net loss was USD 18.45 million compared to USD 6.14 million a year ago. Basic loss per share from continuing operations was USD 1.19 compared to USD 0.26 a year ago. Diluted loss per share from continuing operations was USD 1.19 compared to USD 0.26 a year ago. Basic loss per share was USD 1.24 compared to USD 0.4 a year ago. Diluted loss per share was USD 1.24 compared to USD 0.4 a year ago.
For the full year, sales was USD 303.57 million compared to USD 341.25 million a year ago. Net loss was USD 35.08 million compared to net income of USD 1.62 million a year ago. Basic loss per share from continuing operations was USD 2.21 compared to basic earnings per share from continuing operations of USD 0.33 a year ago. Diluted loss per share from continuing operations was USD 2.21 compared to diluted earnings per share from continuing operations of USD 0.32 a year ago. Basic loss per share was USD 2.32 compared to basic earnings per share of USD 0.1 a year ago. Diluted loss per share was USD 2.32 compared to diluted earnings per share of USD 0.09 a year ago.
The Dixie Group, Inc. is engaged in marketing, manufacturing and selling floorcovering products to high-end residential customers through its various sales forces and brands. The Companyâs business participates in markets for soft floorcoverings, which include broadloom carpet and rugs, and hard surfaces, which include luxury vinyl flooring (LVF) and engineered wood. The Companyâs brands include Fabrica, Masland Residential, and DH Floors. Its Fabrica markets and manufactures luxurious residential carpet, custom rugs, and engineered wood for the residential soft floorcovering industry. Fabrica consists of carpets and area rugs in both nylon and wool. Masland Residential markets and manufactures specialty carpets, rugs, and vinyl flooring. DH Floors markets an array of residential tufted broadloom carpet and rugs to selected retailers and home centers under the DH Floors and private label brands. The Company has also launched TRUCOR and TRUCOR Prime offering LVF products.
THE DIXIE GROUP, INC. 
