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The Dixie Group (DXYN)
OTHER OTC:DXYN
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Earnings Data
Report Date
Mar 06, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
―Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 01, 2024
|% Change Since: -18.42%
|Next Earnings Date:Mar 06, 2025
Earnings Call Sentiment|Negative
The earnings call highlighted some positive aspects such as the successful operation of extrusion equipment and successful cost reductions, but these were overshadowed by declining sales, increased net losses, and challenges such as high interest rates and hurricanes, painting a challenging outlook.Company Guidance
During the third quarter 2024 earnings call for The Dixie Group Inc., key financial metrics and operational insights were discussed. The company reported net sales of $64.9 million, a decrease from $68.6 million in the same quarter of 2023. The operating loss widened to $2.1 million from $913,000, and the net loss from continuing operations increased to $3.7 million or $0.26 per diluted share, compared to $2.2 million or $0.15 per share the previous year. Gross profit margins fell to 24.6% from 26.6% in the prior year. Additionally, interest expenses dropped to $1.6 million from $1.8 million in 2023, reflecting lower average debt. Despite these challenges, the company highlighted successful cost reduction initiatives and positive impacts from their extrusion operations, which are expected to improve future margins. The balance sheet showed an increase in receivables by $2.9 million and a decrease in net inventory by 4% compared to the previous year. Management also discussed strategic marketing efforts and anticipated improved demand in 2025 due to potential decreases in interest rates and an upswing in home sales.Successful Operation of Extrusion Equipment
The company successfully operated its extrusion equipment, providing a lower cost supply of raw materials. This internal supply became critical as an external supplier announced a shutdown.
Cost Reductions and Facility Consolidation
Positive results from cost reductions and consolidation of East Coast facilities are expected to restore higher margins.
Decrease in Interest Expense
Interest expenses decreased to $1.6 million from $1.8 million in Q3 2023, and $4.8 million year-to-date compared to $5.5 million in 2023.
Retail Store Program Success
The Premier Flooring Center program resulted in strong growth, increased business, and greater market share.
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DXYN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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DXYN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 01, 2024 | $0.76 | $0.72 | -5.26% |
| Aug 08, 2024 | $0.59 | $0.59 | 0.00% |
| May 02, 2024 | $0.52 | $0.68 | +30.77% |
| Mar 08, 2024 | $0.54 | $0.60 | +11.11% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does The Dixie Group (DXYN) report earnings?
The Dixie Group (DXYN) is schdueled to report earning on Mar 06, 2025, TBA Not Confirmed.
What is The Dixie Group (DXYN) earnings time?
The Dixie Group (DXYN) earnings time is at Mar 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is DXYN EPS forecast?
Currently, no data Available
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