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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Q3 2019 Dixie Group Inc Earnings Call Transcript

Nov 07, 2019 / 03:00PM GMT
Release Date Price: $1.55 (-18.85%)
Operator

Good day, and welcome to the Dixie Group, Inc. 2019 Third Quarter Earnings Conference Call. Today's call is being recorded. At this time for opening remarks and introductions, I would like to turn the call over to the Chairman and Chief Executive Officer; Daniel Frierson. Please go ahead, sir.

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

Thank you, Victor, and welcome, everyone. I have with me Jon Faulkner, our CFO, who will be making comments during the meeting.

Our safe harbor statement is included by a reference both to our website and press release.

Net sales for the third quarter were $95,447,000 compared to $101 million in the same period of 2018. Our sales, excluding the mass merchant channel, where we had unusually high stocking orders a year ago, were down 1.5% compared to a year ago.

For the year of 2019, the company had a loss from continuing operations of approximately $2.5 million or $0.16 per share. However, adjusting for costs associated with facility restructuring and related inventory impairments,

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