The Dixie Group reported third quarter sales of $102.7 million, for the period ending Sept. 30, 2.3% above the same quarter of last year. For the nine month period, total net sales increased 4.3% to $307.4 million vs. $294.8 million in the previous year. The company had a loss from continuing operations for the third quarter of $547,000 as compared to a profit of $573,000 in the same quarter last year. On a year-to-date basis, the company had a profit from continuing operations of $104,000 for 2017 as compared to a loss of $2.6 million for the first nine months of 2016.
”For the quarter, our floorcovering sales were up year-over-year by 3.1% while the industry, we believe, was down slightly,” said Daniel K. Frierson, chairman and chief executive officer. “ For the year-to-date, our floorcovering sales were up 5.9% against prior year and a market that was marginally down year-over-year. Our commercial product sales for the quarter were down 5.5% while the market was down in the mid-single digits. However, our commercial product sales were up 1.3% for the year-to-date relative to 2016 while the industry, we estimate, was down low single digits. Our residential products were up 7.4% for the quarter as compared to the third quarter of 2016, with the industry up in the low single digit range. For the nine month period ending in September, our residential product sales were up 8.3% compared to the same time period in 2016, while the industry, we believe, was up only in the low single digits.”