May 02, 2024 / 02:00PM GMT
Daniel Frierson - The Dixie Group, Inc. - CEO & Chairman of the Board
Welcome everyone to our first quarter conference call. I have with me Allen Danzey, who will be giving you information shortly. Our Safe Harbor statement is included by reference both to our website and press release.
For the first quarter of 2024, the Company had net sales of $65,254,000 as compared to roughly $67 million in the same quarter the previous year. The company had an operating loss of $857,000 compared to an operating income of $306,000 in the first quarter of 2023. The net loss from continuing operations in the first quarter of '24 was $2.410,000 million or $0.16 per diluted share. In 2023, the net loss from continuing operations for the first quarter was $1,551,000 or $0.11 per diluted share.
Our net sales for the quarter were negatively impacted by high interest rates affecting the housing and home remodeling market and in impact on the economy from continued inflation. Overall, our net sales during the quarter were 2.7% below prior year, while the industry we believe was down approximately 8% due
Q1 2024 Dixie Group Inc Earnings Call Transcript
May 03, 2024
Already have an account? Log in
Get the full story
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent 
4.6 out of 5 
Trustpilot
Trustpilot
Survey
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
Follow Us
Disclaimers