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 2022 Dixie Group Inc Earnings Call Transcript

May 11, 2022 / 03:00PM GMT
Release Date Price: $2.34 (+4.46%)
Operator

Good day, and welcome to The Dixie Group, Inc. 2022 First 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 Chairman and Chief Executive Officer, Dan Frierson. Please go ahead.

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

Thank you, Laura. Welcome, everyone. And I have with me Allen Danzey, our CFO. Our safe harbor statement is included by a reference both to our website and press release.

Net sales for the quarter were $77.6 million or 6.6% above the net sales of $72.7 million in the first quarter of 2021 as adjusted for the divestiture of the commercial business. The net loss for the quarter was $3.3 million compared to $2 million a year ago, including discontinued operations.

Our carpet business was significantly impacted by unprecedented price increases from our major supplier during 2021 and the first quarter of 2022. The magnitude of the price increases made sale of product with their fiber unsustainable

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