The Dixie Group Inc (NAS:DXYN)
$ 0.6956 0.0044 (0.64%) Market Cap: 10.70 Mil Enterprise Value: 124.54 Mil PE Ratio: 0 PB Ratio: 0.40 GF Score: 44/100

Q2 2022 Dixie Group Inc Earnings Call Transcript

Aug 15, 2022 / 06:00PM GMT
Release Date Price: $1.53 (-10.74%)
Operator

Greetings, and welcome to the Dixie Group Second Quarter 2022 Conference Call. (Operator Instructions) Please note that this conference is being recorded.

I will now turn the conference over to our host, Dan Frierson, Chairman. Please go ahead.

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

Thank you, Diego. Welcome to our second quarter conference call. Welcome to you, and I have with Allen Danzey, our Chief Financial Officer.

Our safe harbor statement is included by reference both to our website and press release. For the second quarter of 2022, the company had net sales from continuing operations of $83,698,000 and a net loss of $4,487,000 or $0.29 per diluted share. In the second quarter of 2021, as adjusted to reflect the commercial business as discontinued operations, net sales from continuing operations were roughly $90 million with a net income $3,349,000 or $0.21 per diluted share.

During the second quarter of 2022, our net sales decreased 7% compared with the same period of the prior year. This was

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