Dixie Group Inc (DXYN) Releases Earnings Results, Beats Expectations By $0.18 EPS

Dixie Group Inc (DXYN) reported quarterly earnings results on Wednesday, Jul-27-2016. The company said it had a profit of $0.12 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.18. Analysts had a consensus of $-0.06. The company posted revenue of $105.32 million in the period, compared to analysts expectations of $107.10 million. The company’s revenue was down -4.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.03 EPS.

Dixie Group Inc closed down -0.21 points or -5.37% at $3.7 with 69,293 shares getting traded on Thursday. Post opening the session at $3.93, the shares hit an intraday low of $3.62 and an intraday high of $3.99 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

In a different news, on Jul 6, 2016, William F Jr Blue (director) purchased 1,158 shares at $3.57 per share price. According to the SEC, on May 13, 2016, Jon A Faulkner (CFO) purchased 1,000 shares at $3.26 per share price. On Nov 19, 2015, Lowry F Kline (director) purchased 6,000 shares at $5.14 per share price, according to the Form-4 filing with the securities and exchange commission.

The Dixie Group Inc. (Dixie Group) is engaged in marketing manufacturing and selling carpets and rugs to residential and commercial customers through its various sales forces and brands. A portion of its manufacturing capacity is used to provide carpet and yarn related services to other manufacturers. The Company’s business is concentrated in areas of the soft floorcovering markets which involves styling design color quality and service as well as limited distribution. Its Fabrica Masland and Dixie Home brands have presence in the residential soft floorcovering markets. Its Atlas Carpet Mills Masland Contract brand and Masland Hospitality participate in the upper end specified commercial marketplace. Dixie International sells all of its brands outside of the North American market. The Company organizes its carpet and rug manufacturing business across its brand divisions.

Dixie Group Inc

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