Last $15.70 USD
Change Today -0.08 / -0.51%
Volume 34.8K
DXYN On Other Exchanges
Symbol
Exchange
Frankfurt
As of 3:03 PM 04/23/14 All times are local (Market data is delayed by at least 15 minutes).

dixie group inc (DXYN) Snapshot

Open
$15.78
Previous Close
$15.78
Day High
$15.94
Day Low
$15.18
52 Week High
04/2/14 - $18.41
52 Week Low
04/24/13 - $5.72
Market Cap
208.5M
Average Volume 10 Days
75.4K
EPS TTM
$0.59
Shares Outstanding
12.5M
EX-Date
11/1/99
P/E TM
26.6x
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. and Certain of its Subsidiaries Enter Ninth Amendment to Credit Agreement

The Dixie Group, Inc. announced that effective April 16, 2014, the company and certain of its subsidiaries entered into the ninth amendment to credit agreement with respect to the credit agreement dated as of September 13, 2011, as previously amended, with Wells Fargo Capital Finance, LLC. The ninth amendment permits the company to invest up to $500,000 in Desso Masland Hospitality, LLC, a joint venture (described below) with Desso, B.V., and permits the company to sell inventory to the joint venture so long as the amount of such inventory that has not been paid for in cash at any time does not exceed $3,000,000.

The Dixie Group, Inc. and Certain of its Subsidiaries Enter Eighth Amendment to Credit Agreement

On March 14, 2014, The Dixie Group Inc. and certain of its subsidiaries entered into the eighth amendment to credit agreement effective as of March 19, 2014, with respect to the credit agreement dated as of September 13, 2011, as previously amended, with Wells Fargo Capital Finance, LLC. The eighth amendment specifically permits the acquisition of Atlas by means of an overadvance (structured in the amendment as a Tranche B Advance) of $5,437,943 maturing on June 30, 2014, at which time the overadvance must be repaid. In connection with the Atlas acquisition, the company also borrowed $11,105,127, repayable on the normal terms of its revolving line of credit under the credit agreement which require daily payments of available cash. The Tranche B Advance is limited to a borrowing base of 5% of eligible accounts and inventory (as defined in the eighth amendment) and bears interest at a rate of 3.50% plus LIBOR, subject also to various availability percentages, limitations, covenants and conditions. The due date for payment of amounts due could be accelerated upon an event of default due to nonpayment of principal or interest when due or upon violation of a financial covenant. The credit agreement, as modified by the eighth amendment, includes the assets of Atlas in the company's borrowing base from and after the acquisition, and increases the revolver portion of the facility by $20 million to a maximum of $150 million. The excess availability trigger level, which determines whether the company must meet the fixed charge coverage ratio covenant of the amended agreement, is increased from $14.4 million to $16.5 million, from and after June 1, 2014, and the term of the facility is extended to March 2019 (from March 2018). The eighth amendment also provides for waiver of the measurement and application of the fixed charge coverage ratio that would otherwise be required by a reduction in excess availability from March 14, 2014 through and including April 13, 2014. As of March 19, 2014, the company would not have met the covenant without the waiver.

Dixie Group Mulls Acquisitions

The Dixie Group, Inc. (NasdaqGM:DXYN) is seeking acquisitions. It has filed a shelf registration in the amount of $75 million. A part of the net proceeds from the sale of these securities will be used for financing possible acquisitions.

 

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DXYN

Industry Average

Valuation DXYN Industry Range
Price/Earnings 39.4x
Price/Sales 0.6x
Price/Book 2.9x
Price/Cash Flow 39.7x
TEV/Sales 0.3x
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