The Dixie Group Inc (FRA:DX6)
€ 0.52 0 (0%) Market Cap: 11.21 Mil Enterprise Value: 114.88 Mil PE Ratio: 0 PB Ratio: 0.50 GF Score: 39/100
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Q2 2019 Dixie Group Inc Earnings Call Transcript

Aug 05, 2019 / 03:00PM GMT
Release Date Price: €0.36 (-2.70%)
Operator

Good day, and welcome to the 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 Frierson. Please go ahead.

Daniel K. Frierson
The Dixie Group, Inc. - Chairman & CEO

Thank you, Olivia, and welcome everyone to our second quarter conference call. I have with me, Jon Faulkner, our CFO. Our safe harbor statement is included by reference, both to our website and press release.

Dixie reported a profit for the quarter excluding facility restructuring changes. Net sales were $100,394,000, down 5.7% as compared to the same period in 2018. Our residential sales were down 2.6% for the quarter. Soft surface products were down 4.1% while we estimate our segment of the soft surface market was down high single digits, so we continued to outperform the industry. Our residential hard surface was up 48% as we continue launching additional luxury vinyl flooring and wood

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