Dixie whistles a happy tune: Sales and revenues up during first quarter

The Dixie Group, Inc. reported solid increases in sales and revenue in both its residential and commercial product lines. Income from continuing operations was $1,872,000, or $0.15 per diluted share, for the quarter ending March 26, 2005, compared with income from continuing operations of $1,976,000, or $0.16 per diluted share, for the same period a year ago. Sales for the quarter were $72 million, up 12 percent from $64.4 million last year.

Commenting on the results, Daniel K. Frierson, chairman and chief executive officer, said, "The first quarter results reflected an 18 percent gain in our total carpet sales, including a 19 percent increase in revenue from residential carpet products and a 16 percent increase in revenue from commercial carpet products. Over half of our carpet revenue growth was from our Dixie Home brand, which continues to meet or exceed our expectations.