Dixie Group Q2 2023: net sales $74M, operating income $253K, net loss $0.11/sh

DIXIE GROUP INC

2023-Q2 EPS reported -$0.24 revenue$141,093,000

Net sales of $74.0M, down 11.6% YoY from $83.7M; operating income of $253K vs loss of $2.9M.
Net loss from continuing ops of $1.62M ($0.11/diluted share) vs $4.02M ($0.26) in Q2 2022.
Gross margin improved to 26.7% from 19.2% due to lower raw material costs and plant consolidation benefits.
Debt decreased $3.1M in Q2; availability under credit line was $19.8M at quarter end.
Order entry for July 2023 slightly above prior year; company anticipates stronger demand later in Q3.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

DIXIE GROUP INC reported financial results for second quarter ended July 01, 2023.

Period: second quarter ended July 01, 2023
Result: reported results

Exact text from the filing

On August 04, 2023, The Dixie Group, Inc. issued a press release reporting results for the second quarter ended July 01, 2023.

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Source: SEC EDGAR

accession 0000029332-23-000075

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