The Dixie Group Inc (OTCPK:DXYN)
$ 0.7 0.018 (2.64%) Market Cap: 10.68 Mil Enterprise Value: 122.85 Mil PE Ratio: 0 PB Ratio: 0.46 GF Score: 44/100
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Q1 2020 Dixie Group Inc Earnings Call Transcript

May 19, 2020 / 03:00PM GMT
Release Date Price: $0.7201 (-5.25%)
Operator

Good day, and welcome to the Dixie Group, Inc. 2020 First Quarter Earnings Conference Call. Today's call is being recorded.

At this time, for opening remarks and introduction, I would like to turn the call over to Chairman and Chief Executive Officer, Dan Frierson. Please go ahead.

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

Thank you, Michelle. Welcome to our first quarter conference call. I have with me Allen Danzey, our Chief Financial Officer; and Jon Faulkner, our Vice President of Strategic Initiatives. Our safe harbor statement is included by reference both to our website and the press release.

For the first quarter of 2020, the company had net sales of $80.578 million as compared to $88.606 million in 2019. For the first quarter of 2020, net sales were down 9.1% as compared to the same quarter in '19. For the first quarter of 2020, the company had a loss from continuing operations of $2.612 million (sic) [$2.613 million] or $0.18 (sic) [$0.17] per diluted share as compared to a loss of $6.641 million or $0.42 per

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