Dixie Group Increases Sales 2.3% in Q3

Dalton, GA, November 9, 2017-The Dixie Group reported Q3 2017 sales of $102.7 million, up 2.3% compared to Q3 2016’s $100.3 million.

In Q3 2017, the company had a loss from continuing operations for Q3 of $547,000, compared to a profit of $573,000 in the same quarter a year ago.

Commenting on the results, Daniel K. Frierson, chairman and chief executive officer, said, ”For the quarter, our floorcovering sales were up year over year by 3.1% while the industry, we believe, was down slightly. For the year to date our floorcovering sales were up 5.9% against prior year and a market that was marginally down year over year. Our commercial product sales for the quarter were down 5.5% while the market was down in the mid-single digits. However, our commercial product sales were up 1.3% for the year to date relative to 2016 while the industry, we estimate, was down low single digits. Our commercial sales were strong in July but weakened throughout the quarter as order entry was quite weak in July and August. We have seen a pickup of order entry starting late in September and continuing through October. Our residential products were up 7.4% for the quarter as compared to the third quarter of 2016 with the industry we estimate was up in the low single digit range.”