---
schema_version: "secwatch.filing_event.v1"
accession: "0000029332-22-000144"
form_type: "8-K"
ticker: "DXYN"
cik: "0000029332"
company_name: "DIXIE GROUP INC"
filed_at: "2022-11-03T23:59:59+00:00"
generated_at: "2026-06-22T09:59:23.792734+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Dixie Group Q3 net loss $8.8M ($0.58/sh); consolidation plan targets $25M savings

## Summary
- Net sales $71.8M in Q3 2022, down 19.6% from $89.3M in Q3 2021; net loss $8.8M vs net income $6.4M.
- Gross margin fell to 17.5% from 27.9% due to higher raw material costs, inflation, and freight.
- Plan to consolidate East Coast tufting to Eton, GA and relocate LVF distribution; expects ~$25M annual savings.
- Headcount down 20% year-to-date; lost ~$8M in sales from largest mass merchant customer.
- Early Q4 order entry running below prior year levels.

## SEC filing metadata
- accession: 0000029332-22-000144
- form_type: 8-K
- ticker: DXYN
- cik: 0000029332
- company_name: DIXIE GROUP INC
- filed_at: 2022-11-03T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/29332/000002933222000144/0000029332-22-000144-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/29332/000002933222000144/a8kq32022pressrelease.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000029332-22-000144
- JSON: https://secwatch.observer/filing/0000029332-22-000144.json
- Plain text: https://secwatch.observer/filing/0000029332-22-000144.txt

## Key facts
- Earnings Releases
  DIXIE GROUP INC reported the nine month period ended September 24, 2022 results: revenue $233,034,000, net income net loss of $16,624,000, EPS $1.09 per diluted share.
  - Period: the nine month period ended September 24, 2022
  - Revenue: $233,034,000
  - Net income: net loss of $16,624,000
  - EPS: $1.09 per diluted share
  - Result: reported results
  source text: Net sales from continuing operations for the nine month period ending September 24, 2022 were $233,034,000, a decrease of 7.5% from the net sales of $252,022,000 in the same period of the previous year. The net loss for the nine month period ended September 24, 2022 was $16,624,000 or $1.09 per diluted share compared to a net income of $7,754,000 or $0.49 per diluted share in the nine month period ended September 25, 2021.
  evidence_url: https://www.sec.gov/Archives/edgar/data/29332/000002933222000144/0000029332-22-000144-index.htm
- Earnings Releases
  DIXIE GROUP INC reported the quarter ended September 24, 2022 results: revenue $71,762,000, net income net loss of $8,780,000, EPS $0.58 per diluted share.
  - Period: the quarter ended September 24, 2022
  - Revenue: $71,762,000
  - Net income: net loss of $8,780,000
  - EPS: $0.58 per diluted share
  - Result: reported results
  source text: For the third quarter of 2022, the Company had net sales from continuing operations of $71,762,000 and a net loss of $8,780,000 or $0.58 per diluted share.
  evidence_url: https://www.sec.gov/Archives/edgar/data/29332/000002933222000144/0000029332-22-000144-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.