The Dixie Group(US:DXYN)2025-11-12 12:19Financial Performance - For Q3 2025, net sales were $62.4 million, a decrease of 3.9% from $64.9 million in Q3 2024[2] - The operating loss for Q3 2025 was $2.025 million, slightly improved from a loss of $2.107 million in Q3 2024[2] - The net loss from continuing operations for Q3 2025 was $3.998 million, or $0.28 per diluted share, compared to a net loss of $3.729 million, or $0.26 per diluted share in Q3 2024[2] - For the first nine months of 2025, net sales totaled $193.9 million, down 3.3% from $200.6 million in the same period of 2024[3] Cost Management - The company implemented a profit improvement plan targeting over $10 million in cost reductions and operational efficiencies for FY 2026[5] - Selling and administrative expenses decreased by 6.8% year over year to $16.4 million in Q3 2025, representing 26.2% of net sales[12] Sales Growth - The average weekly order entry rate for the first month of Q4 2025 was 12% higher than the average rate in Q3 2025[4] - The DuraSilk™SD collection showed strong growth, contributing to market share gains in the polyester segment[7] - In the hard surface segment, net sales for the Fabrica wood program increased by 7.4% year over year for the first nine months of 2025[8] Legal Matters - The company recorded an estimated liability for proposed settlements related to PFAS lawsuits during Q3 2025[14]