The Dixie Group posts fourth quarter and year-end results

The Dixie Group Inc. reported income from continuing operations of $2.3 million, or $0.20 per diluted share, for the fourth quarter ended December 28, 2002.

Results for the quarter included an income tax benefit of $423,000, or $.04 per diluted share, due to a tax contribution deduction related to the sale of a carpet yarn facility that was closed at the end of 2001. For the same period in 2001, the company reported net income of $2.8 million, or $0.24 per diluted share.