Dixie Posts 12.7% YOY Increase in Q1

Chattanooga, TN, April 29, 2015—The Dixie Group, Inc. has reported sales of $95,855,000 and a loss from continuing operations of $2,380,000, or $0.15 per share, for the first quarter of 2015 ended March 28.

This represents a 12.7% increase over the same quarter last year.

Commenting on the results, Daniel K. Frierson, chairman and chief executive officer, said, “…excluding Atlas Carpet Mills, our carpet sales growth for the quarter was 5% as compared with the prior year quarter. Sales a year ago only included Atlas Carpet Mills from the period of March 20 to March 29, 2014. Our sales increase for residential products was up 1.1%, and we estimate industry growth to be similar. Sales of residential products started slowly and built throughout the quarter in what appears to be a sluggish start to the year. The increase in commercial product sales was 52% compared with the same period last year. Without Atlas, the commercial product sales increase was 15.7% on a year-over-year basis as compared with industry growth, we estimate, in the high single digits.”