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 2021 Dixie Group Inc Earnings Call Transcript

May 18, 2021 / 06:00PM GMT
Release Date Price: $2.98 (-2.93%)
Operator

Good day, and welcome to the Dixie Group, Inc. 2021 First Quarter Earnings Conference Call. (Operator Instructions) As a reminder, 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, Daryl, and welcome, everyone, to our first quarter conference call. I have with me Allen Danzey, our CFO. Our safe harbor statement is included by reference to our press release.

Our first quarter started on December 27, 2020, resulting in a slow start for our fiscal -- new fiscal year. However, business continued to strengthen into February and March and finished much stronger than January and stronger than last year. The recovery of sales in the residential markets, which began in the second quarter of 2020, has continued through the first quarter of 2021. Sales volume in the commercial markets has continued to be at lower levels. Many of the cost

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