The Dixie Group, Inc. (NASDAQ:DXYN) Q2 2022 Results Conference Call August 15, 2022 2:00 PM ET Company Participants Dan Frierson - Chairman & CEO Allen Danzey - VP & CFO Conference Call Participants Barry Gertner - Improverb Derek Maupin - Hodges Capital Management Chris Riemenschneider - Morgan Stanley Operator Greetings, and welcome to the Dixie Group Second Quarter 2022 Conference Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presenta ...

Financial Data and Key Metrics Changes - Net sales for Q1 2022 were $77.6 million, a 6.6% increase from $72.7 million in Q1 2021, adjusted for the divestiture of the commercial business [3] - The net loss for the quarter was $3.3 million, compared to a loss of $2 million a year ago [3] - Gross profit as a percentage of net sales decreased to 19.6% from 23.2% in Q1 2021 [6] - Selling and administrative expenses increased to 22.4% of net sales in Q1 2022 from 21.7% in the prior year [7] - Interest expense decreased to $1.1 million from $1.3 million in the previous year [7] Business Line Data and Key Metrics Changes - The carpet business was significantly impacted by unprecedented price increases from major suppliers, leading to unsustainable product sales [4] - The hard surface business continued to grow rapidly, although ocean freight costs negatively impacted results [5] - The residential business grew by 6.6%, with key growth areas including Masland, Fabrica, and the hard surface segment [10] Market Data and Key Metrics Changes - The average price of residential carpet in the industry rose by 10% over the last year and 20% over the last two years [17] - The industry is facing headwinds such as labor availability, material supply shortages, and increased energy costs [18] Company Strategy and Development Direction - The company is diversifying raw material sourcing to mitigate the impact of price increases and improve cost control [15][19] - A new flooring center concept is being developed to strengthen relationships with key retail customers [19] - The company launched new decorative and hard surface product lines, which are expected to hit the market in Q2 [11][12][14] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism for the year due to a structural deficit in housing availability and ongoing remodeling trends [18] - The transition to new raw material suppliers is expected to improve costs in the second half of the year [16] - Despite challenges, orders and sales to residential retail customers are up, indicating positive momentum [20] Other Important Information - The company closed on an $11 million loan secured by its facility in Adairsville, Georgia, allowing for the payoff of higher interest existing mortgages [9] - Capital expenditures during the quarter were $345,000, with depreciation just over $2 million [10] Q&A Session Summary Question: Regarding the divestiture of the commercial business and retained inventory value - Management stated that the value of the retained inventory was written down to estimated disposal recovery value and maintained at that value [23] Question: On the return of on-premises designers and installations in the residential sector - Management noted that retail customers adapted to selling methods during the pandemic, and there is now a return to allowing staff on-premises, enhancing their selling skills in the process [25]

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 25, 2021 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 (NASDAQ:DXYN) Q4 2021 Earnings Conference Call March 10, 2022 2:00 PM ET Company Participants Dan Frierson – Chairman and Chief Executive Officer Allen Danzey – Chief Financial Officer Conference Call Participants Operator Good day, and welcome to the Dixie Group, Inc. 2021 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. Dan ...

Dixie Group, Inc. (NASDAQ:DXYN) Q3 2021 Earnings Conference Call November 12, 2021 11:00 AM ET Company Participants Daniel Frierson - Chairman & CEO Allen Danzey - VP & CFO Conference Call Participants Derek Maupin - Hodges Capital Management Michael Hughes - SGF Capital Operator Good day, and welcome to the Dixie Group Inc. 2021 Third Quarter Earnings Conference Call. Today's call is being recorded. [Operator Instructions]. At this time, for opening remarks and introductions, I would like to turn the call ...

The Dixie Group, Inc. (NASDAQ:DXYN) Q2 2021 Earnings Conference Call August 5, 2021 10:00 AM ET Company Participants Dan Frierson - Chief Executive Officer Allen Danzey - Chief Financial Officer Conference Call Participants Mike Hughes - SGF Capital Operator Greetings. Welcome to the Dixie Group Second Quarter 2021 Conference Call. [Operator Instructions] Please note this conference is being recorded. I will now turn the call over to your host, Dan Frierson. Dan Frierson Thank you, Stacy and welcome everyon ...

The Dixie Group, Inc. (NASDAQ:DXYN) Q1 2021 Earnings Conference Call May 18, 2021 2:00 PM ET Company Participants Dan Frierson - Chairman & Chief Executive Officer Allen Danzey - Chief Financial Officer Conference Call Participants Operator Good day, and welcome to the Dixie Group, Inc. 2021 First Quarter Earnings Conference Call. A question-andanswer session will follow the formal presentation. [Operator Instructions] As a reminder, today's call is being recorded. At this time, for opening remarks and intr ...

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 26, 2020 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 | --- | --- | |------------------------------------------------------------------------------|------------ ...

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 ...