THE DIXIE GROUP REPORTS NET INCOME FOR THE THIRD QUARTER OF 2026
Key Highlights
- ➤Net sales rose 4.6% to $65.2 million year over year
- ➤Operating income reached $2.4 million versus a $2.0 million loss
- ➤Net income was $577,000, or $0.04 per diluted share
- ➤Gross profit margin improved 180 basis points to 26.6%
- ➤Nine-month net income reached $2.8 million versus a $4.6 million loss
Expert Statements
Daniel K. Frierson, Chairman and Chief Executive Officer of The Dixie Group
“We are pleased to report our third consecutive profitable quarter of 2026.”
Daniel K. Frierson, Chairman and Chief Executive Officer of The Dixie Group
“Net sales increased 4.6% over the third quarter of last year, and we returned to operating income for the quarter compared to an operating loss in the prior year period.”
Daniel K. Frierson, Chairman and Chief Executive Officer of The Dixie Group
“Gross profit margins improved to 26.6% from 24.8%, reflecting cost reductions and improved operating efficiencies in our operations.”
Daniel K. Frierson, Chairman and Chief Executive Officer of The Dixie Group
“During the third quarter, the flooring industry continued to experience sluggish conditions.”
Daniel K. Frierson, Chairman and Chief Executive Officer of The Dixie Group
“As we continue to monitor these conditions, we remain committed to controlling costs and improving profitability through our Profit Improvement Plan.”
Daniel K. Frierson, Chairman and Chief Executive Officer of The Dixie Group
“While we do not anticipate meaningful interest rate relief in the near term, we believe there is significant pent-up demand in the housing market, driven by low housing availability and continued household formation.”
Daniel K. Frierson, Chairman and Chief Executive Officer of The Dixie Group
“As we wait out the prolonged downturn in the housing market, we remain focused on introducing new products to the strongest parts of our markets and reducing expenses while continuing to provide beautiful quality products on a timely basis to our customers.”
THE DIXIE GROUP REPORTS NET INCOME FOR THE THIRD QUARTER OF 2026 PR Newswire
DALTON, Ga., Nov. 12, 2026 /PRNewswire/ -- The Dixie Group, Inc. (OTCQB: DXYN) today reported financial results for the quarter ended September 26, 2026.
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