published Wednesday, July 31st, 2013

Dixie Group sales up 27 percent, meets expectations

  • photo
    Donna Shook replaces used spools of thread in the creeling area of the Dixie Group plant in Eton, Georgia, in this file photo.
    Photo by Jake Daniels /Chattanooga Times Free Press.

The Dixie Group, Inc. met analysts expectations for the second quarter with sales up 27 percent over last year.

The Chattanooga-based carpet maker said today it earned $1.68 million, or 13 cents per share, on sales of $83.6 million in the spring quarter. In the same period a year ago, Dixie lost $404,000, or 3 cents per share, on sales of $66.56 million.

“The second quarter was one of strong performance both residentially and commercially,” Dixie Group CEO Dan Frierson said in a statement. “Our sales growth in the residential business was 27 percent as compared to the same period a year ago. We believe the residential market grew during the quarter in the high single digits with the market strengthening as the quarter progressed. It appears that the residential carpet market is now being positively impacted by the increase in the housing sector that began in 2012.”

Dixie said its comercial sales increased 21 percent over the same period a year ago.

about Dave Flessner...

Dave Flessner is the business editor for the Times Free Press. A journalist for 35 years, Dave has been business editor and projects editor for the Chattanooga Times Free Press, city editor for The Chattanooga Times, business and county reporter for the Chattanooga Times, correspondent for the Lansing State Journal and Ingham County News in Michigan, staff writer for the Hastings Daily Tribune in Nebraska, and news director for WCBN-FM in Michigan. Dave, a native ...

Other National Articles

videos »         

photos »         

e-edition »

advertisement
advertisement

Find a Business

400 East 11th St., Chattanooga, TN 37403
General Information (423) 756-6900
Copyright, Permissions, Terms & Conditions, Privacy Policy, Ethics policy - Copyright ©2014, Chattanooga Publishing Company, Inc. All rights reserved.
This document may not be reprinted without the express written permission of Chattanooga Publishing Company, Inc.