Dixie Group reports improved second quarter results

The Dixie Group reported that, for the second quarter of 2004, income from continuing operations was $3.49 million, or 27 cents per diluted share, compared with income from continuing operations of $1.89 million, or 16 cents per diluted share, during the second quarter of 2003. Sales for the second quarter of 2004 were $70.82 million, up 20 percent from sales of $58.86 million in the year-earlier quarter.

For the first six months of fiscal 2004, income from continuing operations was $5.46 million, or 43 cents per diluted share, compared with income from continuing operations of $2.77 million, or 24 cents per diluted share, for the first half of 2003. Sales for the first six months of 2004 were $135.22 million, up 22 percent from sales of $110.74 million in the prior-year period.