The Dixie Group Reports First Quarter 2018 Results

Dalton, Ga. -- The Dixie Group reported financial results for the quarter which ended March 31, 2018. For the first quarter of 2018, the company had net sales of $98,858,000 as compared to $97,541,000 in 2017, up 1.4% as compared to the same time period in 2017. The company had a loss from continuing operations of $2,884,000 for the first quarter of 2018 as compared to a loss of $575,000 in the first quarter of 2017.

“Our residential sales were up 7.3% for the quarter with the industry, we estimate, being flat as compared to the prior year,” said Daniel K. Frierson, chairman and CEO. “Our residential sales had solid growth with all three brands showing high single digit improvement during the quarter. Residential sales benefited from the successful launch of our Stainmaster PetProtect luxury vinyl flooring line by our Masland and Dixie Home brands.”