crudeoil24
3 years ago
Dixie Group Shares Rise 16% After Higher Sales Lead to 2Q Profit
10:54 am ET August 5, 2021 (Dow Jones) Print
By Chris Wack
Dixie Group Inc. shares rose 16% to $3.14 after the company reported a second-quarter profit on much higher sales.
The home furnishing company reported second-quarter earnings of $3.3 million, or 21 cents a share, compared to a loss of $7 million, or 47 cents a share, in the same period a year ago.
Sales for the quarter came in at $104.8 million, compared to last year's 60.1 million.
Dixie Group said sales of its residential floorcovering products rose 99%, due to a recovery after Covid-19 pandemic and strong growth in new and existing home sales. Sales volume in commercial markets has improved, but continues to be at lower levels.
The company said a ransomware attack in mid-April impacted operations and communications.
Write to Chris Wack at chris.wack@wsj.com
(END) Dow Jones Newswires
stock1ace1
5 years ago
$37.2 Million Sale also of property !
On October 22, 2019, TDG Operations, LLC, a Georgia limited liability company and a wholly-owned subsidiary of The Dixie Group, Inc., completed the sale of its Susan Street facility located in Santa Ana, California for a net purchase price of $37.2 million.
whytestocks
5 years ago
News: $DXYN The Dixie Group Announces Letter of Intent to Sell and Lease Santa Ana Facility
DALTON, Ga., Aug. 09, 2019 (GLOBE NEWSWIRE) -- The Dixie Group, Inc. (NASDAQ: DXYN) today announces it has entered into a letter of intent to sell to CenterPoint Properties Trust the Company’s Santa Ana, California facility. The transaction is subject to entering into a definitive pu...
Find out more The Dixie Group Announces Letter of Intent to Sell and Lease Santa Ana Facility
whytestocks
5 years ago
News: $DXYN The Dixie Group Reports Profit Excluding Facility Restructuring Charges for the Second Quarter of 2019
DALTON, Ga., Aug. 05, 2019 (GLOBE NEWSWIRE) -- The Dixie Group, Inc. (NASDAQ: DXYN) today reported financial results for the quarter ended June 29, 2019. For the second quarter of 2019, the Company had net sales of $100,394,000 as compared to $106,438,000 in 2018. The Company’s secon...
Find out more The Dixie Group Reports Profit Excluding Facility Restructuring Charges for the Second Quarter of 2019