The Dixie Group Inc (OTCPK:DXYN)
$ 0.682 0.001 (0.15%) Market Cap: 10.41 Mil Enterprise Value: 122.85 Mil PE Ratio: 0 PB Ratio: 0.45 GF Score: 44/100
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Q1 2019 Dixie Group Inc Earnings Call Transcript

May 03, 2019 / 03:00PM GMT
Release Date Price: $0.72 (-7.69%)
Operator

Good day, ladies and gentlemen, and welcome to The Dixie Group, Inc. 2019 First Quarter Earnings Conference Call. (Operator Instructions) As a reminder, this conference is being recorded. I would like to introduce your host for today's conference, Mr. Dan Frierson. Sir, please go ahead.

Daniel K. Frierson
The Dixie Group, Inc. - Chairman & CEO

Thank you, Michelle, and welcome, everyone, to our first quarter conference call. I have with me, Jon Faulkner, our CFO. Our safe harbor statement is included by reference, both to our website and press release.

For the first quarter of 2019, the company had net sales of $88.6 million as compared to $98.8 million in 2018. First quarter 2019 net sales were down 10.4%. For the first quarter of 2019, the company had a loss from continuing operations of $6.641 million or $0.42 per diluted share as compared to a loss of $2.884 million or $0.18 per diluted share in the first quarter of '18. On a non-GAAP basis, our loss was $4.545 million for the period. Our results for the first quarter were weaker than

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