The Dixie Group, Inc. (NASDAQ:DXYN) manufacturer of carpets and rugs, is reporting third quarter earnings results on Thursday 5th November 2020, before market open.
Previous Quarter Performance
The Dixie Group, Inc. disclosed loss for the second quarter of $ 0.37 per share, from the revenue of $ 60.82 million. The quarterly revenues decreased 39.42 percent compared with the same quarter last year. According to street consensus, revenue of $ 101.56 million was expected for the second quarter The top line results fell short of analysts by $ 40.74 million or 40.11 percent.
Stock Performance
Shares of The Dixie Group, Inc. traded up $ 0.04 or 4.21 percent on Wednesday, reaching $ 0.99 with volume of 141.70 thousand shares. The Dixie Group, Inc. has traded high as $ 1.03 and has cracked $ 0.94 on the downward trend
The closing price of $ 0.99, representing a 79.25 % increase from the 52 week low of $ 0.53 and a 51.78 % decrease over the 52 week high of $ 1.97.
The company has a market capital of $ 15.66 million and is part of the Consumer Cyclical sector and Textile Manufacturing industry.
Conference Call
The Dixie Group, Inc. will be hosting a conference call at 10:00 AM eastern time on 5th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.thedixiegroup.com
The Dixie Group, Inc. manufactures, markets, and sells floorcovering products for residential and commercial applications primarily in the United States. It offers residential carpets and custom rugs, specialty carpets and rugs, residential tufted broadloom and rugs, and broadloom and modular carpet tiles.
