Last $7.65 USD
Change Today +0.05 / 0.66%
Volume 2.3K
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As of 9:30 AM 11/28/14 All times are local (Market data is delayed by at least 15 minutes).

dixie group inc (DXYN) Snapshot

Open
$7.65
Previous Close
$7.39
Day High
$7.65
Day Low
$7.65
52 Week High
04/2/14 - $18.41
52 Week Low
11/19/14 - $6.00
Market Cap
120.5M
Average Volume 10 Days
166.2K
EPS TTM
$0.24
Shares Outstanding
15.0M
EX-Date
11/1/99
P/E TM
31.7x
Dividend
--
Dividend Yield
--
Current Stock Chart for DIXIE GROUP INC (DXYN)

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dixie group inc (DXYN) Details

The Dixie Group, Inc. manufactures, markets, and sells carpet and rugs to residential and commercial customers. The company offers residential and specialty carpets and custom rugs; tufted broadloom residential and commercial carpets; and broadloom and modular carpet tiles for commercial markets. It also provides carpet yarn processing, and carpet dyeing and finishing services to other manufacturers. The company sells its products under the Fabrica, Masland Residential, Dixie Home, Masland Contract, Avant Contract brands. It serves interior decorators and designers, retailers and furniture stores, luxury home builders, manufacturers of luxury motor coaches and yachts, and home centers. The Dixie Group, Inc. was founded in 1919 and is headquartered in Chattanooga, Tennessee.

1,423 Employees
Last Reported Date: 03/12/14
Founded in 1919

dixie group inc (DXYN) Top Compensated Officers

Chairman, Chief Executive Officer, Chairman o...
Total Annual Compensation: $691.7K
Chief Financial Officer and Vice President
Total Annual Compensation: $281.9K
Chief Operating Officer, Vice President, Dire...
Total Annual Compensation: $332.5K
Vice President and President of Dixie Residen...
Total Annual Compensation: $315.5K
Vice President of Human Resources
Total Annual Compensation: $255.3K
Compensation as of Fiscal Year 2013.

dixie group inc (DXYN) Key Developments

The Dixie Group, Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 27, 2014; Provides Capital Expenditure Guidance for the Full Years of 2014 and 2015; Reports Impairment of Assets for the Third Quarter Ended September 27, 2014

The Dixie Group, Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 27, 2014. For the quarter, the company reported net sales of $109,359,000 and a loss from continuing operations of $166,000, or $0.01 per basic and diluted share, compared with sales of $90,210,000 and income from continuing operations of $1,432,000, or $0.11 per basic and diluted share for the third quarter of 2013. Income from continuing operations, excluding manufacturing integration, facility consolidation, equipment impairment, and acquisition related expenses, after-tax, was $1,326,000 (non-GAAP adjusted income from continuing operations, as set forth herein), or $0.08 per diluted share for the period, compared to $2,387,000 or $0.18 per diluted share, a year ago. On a non-GAAP basis, operating income was $3.1 million compared to $4.5 million a year ago. Non-GAAP charges included business integration expenses of $555,000 relative to Avant and Robertex, $1.74 million in facility consolidation and equipment impairment charges, and acquisition related expenses, including the amortization of inventory written up to fair value, of $289,000 for the third quarter. The third quarter was a difficult quarter operationally due primarily to the added strain of the ongoing restructuring as the company expanded capacity and absorbed additional associates. Operating income was $528,000 compared to $1,830,000 a year ago. Loss from continuing operations before taxes was $267,000 compared to income from continuing operations before taxes of $931,000 a year ago. Net loss was $185,000 or $0.01 per basic and diluted share, compared to net income of $1,412,000 or $0.11 per basic and diluted share, a year ago. EBITDA was $4,054,000 compared to $4,575,000 a year ago. Non-GAAP adjusted EBITDA was $6,460,000 compared to $7,297,000 a year ago. The non-GAAP operating income of $3.1 million did not include added restructuring-related expenses relative to dual staffing, training, waste control, additional quality inspection and added administrative oversights that have increased cost during the period. Capital expenditures and capital leases for the quarter were $7.3 million. For the nine months, the company reported net sales of $302,843,000 compared to $249,267,000 a year ago. Operating loss was $1,502,000 compared to operating income of $6,778,000 a year ago. Income from continuing operations before taxes was $6,133,000 compared to income from continuing operations before taxes of $3,903,000 a year ago. Income from continuing operations was $3,664,000 or $0.25 per basic and diluted share, compared to $3,761,000 or $0.28 per basic and diluted share, a year ago. Net income was $3,566,000 or $0.24 per basic and diluted share, compared to $3,694,000 or $0.27 per basic and diluted share, a year ago. The company provided capital expenditure guidance for the full years of 2014 and 2015. For 2014, the company is anticipating its operational capital expenditures of $20.9 million, purchase of the Adairsville warehouse of $9.8 million and conversion of operating leases to capital leases of $2.0 million. The company planned capital expenditures for 2015 are in the range of $14 million. The company estimated expenses for the overall plant is up $800,000 to $6.8 million, but expenditures anticipated in 2015 are down by over $0.5 million to $1.1 million from what was previously forecast. The company reported impairment for the third quarter ended September 27, 2014. For the quarter, the company reported impairment of assets of $103,000.

The Dixie Group, Inc. Appoints William F. Blue, Jr. to the Board

The Dixie Group, Inc. announced that its Board of Directors appointed William F. Blue, Jr. to the Board. Bill is currently Vice-Chairman of Investment Banking and Capital Markets of Wells Fargo Securities, LLC, a position from which he will resign effective November 14, 2014, to head the Hopeway Foundation of Charlotte, N.C. Bill will stand for re-election at the 2015 annual meeting of stockholders.

The Dixie Group, Inc. to Report Q3, 2014 Results on Oct 29, 2014

The Dixie Group, Inc. announced that they will report Q3, 2014 results at 9:00 AM, Eastern Standard Time on Oct 29, 2014

 

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Price/Earnings 21.0x
Price/Sales 0.3x
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Price/Cash Flow 23.2x
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