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Stock Market & Financial Investment News

News Breaks
April 30, 2014
07:45 EDTDXYNThe Dixie Group reports Q1 EPS from continuing operations 24c, consensus 12c
Reports Q1 revenue $85.3M, one estimate $82.10M. The company said, "Q1 was a difficult quarter operationally, both due to external events as well as our internal operations not performing up to expectations. The January and February period stood in contrast to the months of March and April. Our order entry for carpet products for January and February were up 6.8% on a year-over-year basis while for March and April, excluding Atlas, our order entry was up 17.0% as compared to the prior year. Likewise, our carpet product sales for the January and February period were up 8.8% while our sales for the March and April period, excluding Atlas, were up 12.7% relative to the prior year. Our sales rate in the March and April period was more in line with our expectations, and therefore our cost structure."
News For DXYN From The Last 14 Days
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October 30, 2014
10:02 EDTDXYNOn The Fly: Analyst Downgrade Summary
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05:56 EDTDXYNDixie Group downgraded to Outperform from Strong Buy at Raymond James
Raymond James downgraded Dixie Group to Outperform following the Q3 report citing lack of a near-term catalyst.
October 29, 2014
08:23 EDTDXYNDixie Group says housing and commercial markets still growing in 2014, 2015
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08:21 EDTDXYNDixie Group to consolidate east coast distribution facilities in 2014, 2015
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07:45 EDTDXYNDixie Group sees FY14 operational CapEx $20.9M
The company said, "For FY14, we anticipate operational capital expenditures of $20.9M, purchase of the Adairsville warehouse of $9.8M and conversion of operating leases to capital leases of $2M. Our planned capital expenditures for FY15 are in the range of $14M. We anticipate Atlas sales to pick up in FY15 as new product introductions are released later this year."
07:35 EDTDXYNDixie Group reports Q3 adjusted EPS from cont. ops. 8c, consensus 11c
Reports Q3 revenue $109.4M, consensus $110.4M

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