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 2022 Dixie Group Inc Earnings Call Transcript

Nov 03, 2022 / 06:00PM GMT
Release Date Price: $1.17 (-3.19%)
Operator

Good day, and welcome to the Dixie Group, Inc. 2022 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.

Thank you, sir. Please go ahead.

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

Thank you, John, and welcome, everyone.

I have with me, Allen Danzey, our CFO. Our safe harbor statement is included, by reference, both to our website and press release. The company had net sales from continuing operations of $71.7 million and a net loss of $8.8 million or $0.58 per diluted share. In the third quarter -- in the third quarter of 2021, net sales from continuing operations were $89.3 million with net income of $6.4 million or $0.40 per diluted share.

Net sales from continuing operations for the 9-month period ending September 24 were $233 million, a decrease of 7.5% from the net sales of $252 million in the same period of the previous year.

The net

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