Dixie Group Q3 net loss widens to $0.26/share; sales down 5.4% YoY to $64.9M

DIXIE GROUP INC

2024-Q3 EPS reported -$0.39 revenue$200,638,000

Net loss from continuing ops of $3.7M ($0.26 diluted share) vs $2.2M ($0.15) in Q3 2023.
Revenue $64.9M, down 5.4% from $68.6M YoY; gross margin fell to 24.6% from 26.6%.
Operating loss $2.1M vs loss of $0.9M; higher utility, medical, and workers' comp costs cited.
Management cites soft market due to high interest rates, low home sales; early Q4 sales down 1% YoY.
Capital expenditures planned at $9.3M for 2024; debt increased $3.9M in nine months.

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