Dixie Group Q2 Sales Up 1.8% YOY

Dalton, GA, August 4, 2017-The Dixie Group reported Q2 sales were $107.2 million, a 1.8% increase over Q2 2016’s $105.3 million.

This represents a net income of $1.1 million, compared to an income of $1.7 million in Q2 2016.

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 3.6% while the industry, we believe, was flat. For the year to date our floorcovering sales were up 7.4% versus prior year and versus a market that was flat year over year. Our commercial product sales for the quarter were flat while the market was down in the low single digits. Further, our commercial product sales were up 5.0% for the year to date relative to 2016 while the industry, we estimate, was down low single digits. Our residential products were up 5.4% for the quarter as compared to the second quarter of 2016 with the industry being up in the low single digit range. For the six month period ending in June our residential product sales were up 8.7% compared to the same time period in 2016 while the industry, we believe, was up only in the low single digits.”