Dixie Group reports FY2024 net loss $13.0M ($0.88/dil); sales down 4% to $265M

DIXIE GROUP INC

2025-Q1 EPS reported -$0.12 revenue$62,990,000

FY2024 net loss from continuing ops $12.2M ($0.83/dil) vs loss $1.95M ($0.13) in FY2023.
Net sales $265M, down 4% from $276.3M; Q4 net loss $7.2M vs Q4 2023 net income $3.2M (which included $8.2M gain).
Gross margin fell to 24.7% from 26.7% on lower volume, higher utility and medical costs, and inventory write-downs.
New $75M revolving credit facility closed Feb 2025; year-end debt $82.3M, roughly flat.
Cost-reduction plan for 2025 exceeds $10M; company watching reciprocal tariffs on imported LVF.

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