Financial Data and Key Metrics Changes - In 2020, the company experienced a net sales decline of approximately $60 million compared to the previous year, totaling $315 million, down from $374 million in 2019, representing a decrease of 10.7% [5][10] - The net loss for 2020 was $9.208 million, a significant drop from a net income of over $15 million in 2019, primarily due to the impact of COVID-19 [5][10] - The gross profit margin improved to 24.2% in 2020 from 23% in 2019, reflecting operational improvements and cost reductions [4][11] - Selling and administrative costs decreased to $75.7 million, down $8.1 million from 2019, due to cost-saving initiatives [12] Business Line Data and Key Metrics Changes - Residential product sales were down 13.6% for the year, while commercial product sales decreased by 37%, with the industry down in the low 20 percentile range [10] - In the fourth quarter, residential sales increased by 15%, while overall sales for the quarter were $88.6 million, down 1.7% year-over-year [6][10] - The company reported positive operating income in the third and fourth quarters of 2020, with $2.6 million and $1.5 million respectively [14] Market Data and Key Metrics Changes - The residential market showed recovery in the second half of 2020, continuing into 2021, driven by strong trends in new home construction and home improvement projects [8][22] - The commercial market, however, continued to be adversely impacted by COVID-19, with sales down more than 35% from the previous year [28] Company Strategy and Development Direction - The company is focusing on product innovation, including the expansion of the Envision 66 offering and the introduction of new technologies like TECHnique for tufting [23][25] - Plans for 2021 include investing in new products, talent, and technology, with expectations to double placements in the Fabrica wood program [27] - The company aims to strengthen its balance sheet and reduce debt, having reduced total debt by $60 million over the last 30 months [4][9] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the unprecedented challenges posed by the COVID-19 pandemic but expressed optimism about the recovery in the residential market [3][31] - The company is positioned to benefit from a strong residential market in 2021, with expectations of continued growth in sales and market share [31] Other Important Information - The company implemented significant cost reductions totaling approximately $14 million in 2020, including deferring maintenance and reducing capital expenditures [20][21] - The company ended the year with an operating loss of $2.9 million, compared to an operating income of $21.3 million in 2019, which was bolstered by a $25 million gain from the sale of a facility [14] Q&A Session Summary Question: Disparity in Sales Compared to Competitors - Management noted that residential sales were up 15% in Q4, while commercial sales were down significantly, impacting overall performance [34] Question: Refinancing and Real Estate Collateral - Management confirmed that the refinancing improved their financial position and that some assets are no longer pledged as collateral under the new credit facility [37]

The Dixie Group, Inc. (NASDAQ:DXYN) Q3 2020 Earnings Conference Call November 5, 2020 10:00 AM ET Company Participants Daniel Frierson - Chairman of the Board and Chief Executive Officer Allen Danzey - Vice President and Chief Financial Officer Conference Call Participants Barry Blank - JH Darbie and Co Derek Maupin - Hodges Capital Market Operator Good day, and welcome to the Dixie Group, Inc. 2020 Third Quarter Earnings Conference Call. Today's call is being recorded. At this time, for opening remarks and ...

Financial Data and Key Metrics Changes - The company reported net sales of $60.8 million for Q2 2020, a decrease of 39.4% from $100.4 million in Q2 2019 [3][7] - The loss from continuing operations was $6.98 million or $0.46 per diluted share, compared to a loss of $1.18 million or $0.07 per diluted share in the same quarter of 2019 [3][10] - Gross profit margin decreased to 20.1% from 23.4% in Q2 2019, impacted by lower sales volume and underabsorption of fixed costs [8][9] - Total debt decreased by $11.6 million from the previous quarter and by $48.1 million year-over-year, leading to a 21% reduction in interest expense compared to Q2 2019 [10] Business Line Data and Key Metrics Changes - Sales of commercial products were down 42% year-over-year, while the industry was down approximately 30% [13] - Residential product sales decreased by 38%, with the industry also down around 30% [15] - Specialty retail segment sales were down 50% in April but improved to down 35% in May and less than 10% in June [15] - Hard surface sales increased over 60% compared to the previous year, indicating strong growth in this segment [18] Market Data and Key Metrics Changes - The recovery in residential markets was quicker than in commercial markets, typical during economic recoveries [6] - The home center channel saw order entry return to pre-COVID-19 levels by mid-June, although sales were still lagging behind last year [17] Company Strategy and Development Direction - The company is focusing on growing its luxury vinyl flooring business and has introduced new products to enhance market penetration [18][19] - The Sustaina modular tile backing system has received NSF 140 platinum certification, indicating a commitment to sustainability [14] - The company plans to continue expanding its hard surface sales team and hiring resources in key growth markets [19] Management's Comments on Operating Environment and Future Outlook - Management expressed caution regarding the future due to the resurgence of COVID-19 cases and potential government restrictions [6] - The company is optimistic about the recovery and growth potential, particularly in the upper end of the residential market [21] - Management highlighted the resilience of customers and their ability to adapt to changing conditions [21] Other Important Information - The company implemented approximately $14 million in cost cuts, including deferring maintenance and reducing capital expenditures [5] - The company has modified its senior credit facility to provide additional flexibility regarding loan availability [12] Q&A Session Summary Question: Does the company have the capability to acquire smaller companies facing financial troubles? - Management acknowledged the potential for acquisition opportunities as many companies may face challenges [23] Question: How does the company see the hard flooring business picking up compared to the carpet business in the next quarter? - Management indicated that the hard surface business is showing strong growth from a low base, while the carpet business is more established [25]

The Dixie Group, Inc. (NASDAQ:DXYN) Q1 2020 Earnings Conference Call May 19, 2020 11:00 AM ET Company Participants Daniel Frierson - Chairman & Chief Executive Officer Allen Danzey - Chief Financial Officer John Faulkner - Vice President, Strategic Initiatives Conference Call Participants Barry Blank - J.H. Darbie & Company Operator Good day and welcome to The Dixie Group, Inc. 2020 First Quarter Earnings Conference Call. Today's call is being recorded. At this time, for opening remarks and introduction, I ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) þ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 28, 2019 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to ________. Commission File Number 0-2585 The Dixie Group, Inc. (Exact name of registrant as specified in its charter) Tennessee 62-0183370 | --- | --- ...

The Dixie Group, Inc. (NASDAQ:DXYN) Q4 2019 Earnings Conference Call March 5, 2020 11:00 AM ET Company Participants Dan Frierson - Chairman and Chief Executive Officer Allen Danzey - Chief Financial Officer John Faulkner - Vice President, Strategic Initiatives Conference Call Participants Barry Blank - J.H. Darbie Operator Good day and welcome to the Dixie Group, Inc. 2019 Earnings Conference Call. At this time, all participants are in a listen-only mode. [Operator Instructions] As a reminder, today’s call ...

The Dixie Group, Inc. (NASDAQ:DXYN) Q3 2019 Earnings Conference Call November 7, 2019 10:00 AM ET Company Participants Dan Frierson - Chairman & CEO Jon Faulkner - CFO Conference Call Participants Operator Good day, and welcome to Dixie Group, Inc. 2019 Third Quarter Earnings Conference Call. Today's call is being recorded. At this time, for opening remarks and introductions, I would like to turn the call over to the Chairman and Chief Executive Officer, Dan Frierson. Please go ahead, sir. Dan Frierson Than ...

The Dixie Group, Inc. (NASDAQ:DXYN) Q2 2019 Results Earnings Conference Call August 5, 2019 11:00 AM ET Company Participants Dan Frierson - Chairman and Chief Executive Officer Jon Faulkner - Chief Financial Officer Operator Good day, ladies and gentlemen. And welcome to Dixie Group, Inc. 2019 Second Quarter Earnings Conference Call. Today's call is being recorded. At this time, for opening remarks and introduction, I would like to turn the call over to the Chairman and Chief Executive Officer, Mr. Dan Frie ...

The Dixie Group, Inc. (NASDAQ:DXYN) Q1 2019 Results Conference Call May 3, 2019 11:00 AM ET Company Participants Dan Frierson - Chairman and Chief Executive Officer Jon Faulkner - Chief Financial Officer Operator Good day, ladies and gentlemen. And welcome to Dixie Group, Incorporated 2019 First Quarter Earnings Conference Call. At this time, all participants are in a listen only mode. Later we will conduct the question-andanswer session and instruction will at that time [Operator Instructions]. As a remind ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) þ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 29, 2018 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to ________. Commission File Number 0-2585 The Dixie Group, Inc. (Exact name of registrant as specified in its charter) Tennessee 62-0183370 | --- | --- ...