The Dixie Group registers strong growth in Q3

10 Nov '11

6 min read

"Continued instability in the world economy, along with a continued high unemployment rate and a weak housing recovery, will continue to challenge our industry over the next year. We will, however, continue to invest in new and fashionable products, believing that beautiful products, emphasis on the customer and strong cost controls are the required ingredients to be successful in this challenging environment," Frierson concluded.

The Company's loss from discontinued operations was $65,000, or $0.00 per diluted share, for the third quarter of 2011, compared with a loss from discontinued operations of $28,000, or $0.00 per diluted share, for the prior year. Including discontinued operations, the Company reported a net loss of $43,000, or $0.00 per diluted share, for the third quarter of 2011 compared with a net loss of $1,897,000, or $0.15 per diluted share, for the year-earlier period.
The Company's loss from discontinued operations was $127,000, or $0.01 per diluted share, for the nine months ended October 1, 2011, compared with a loss from discontinued operations of $158,000, or $0.01 per diluted share, for the nine-month period ended September 25, 2010. Including discontinued operations, the Company reported net income of $1,347,000 of $0.10 per diluted share, for the first nine months of 2011 compared with a net loss of $5,170,000, or $0.41 per diluted share, for the prior period.

The Dixie Group

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