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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Q3 2020 Dixie Group Inc Earnings Call Transcript

Nov 05, 2020 / 03:00PM GMT
Release Date Price: $1.32 (+32.69%)
Operator

Good day, and welcome to the Dixie Group, Inc. 2020 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, Dan Frierson. Please go ahead.

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

Thank you, Stacy, and welcome to all to our third quarter conference call. I have with me Allen Danzey, our Chief Financial Officer.

Our safe harbor statement is included by reference both to our website and press release. Today, we reported financial results for the third fiscal quarter ended September 26. For the third quarter, the company had net income from continuing operations of $906,000 or $0.06 per diluted share as compared to a loss of over $2.5 million last year or $0.16 per diluted share.

For the third quarter of 2020, the company had net sales of $85,920,000 as compared to $95,447,000 in 2019. For the third quarter of 2020, net sales were down 10% as compared to the same

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