Company profile

Ticker
DXYN
Exchange
CEO
Daniel K. Frierson
Employees
Incorporated in
Location
Fiscal year end
Industry (SEC)
Former names
Dixie Yarns Inc
SEC CIK
IRS number
620183370

DXYN stock data

(
)

Calendar

29 May 20
2 Jul 20
26 Dec 20

News

Company financial data Financial data

Quarter (USD) Mar 20 Dec 19 Sep 19 Jun 19
Revenue 80.58M 90.13M 95.45M 100.39M
Net income -2.69M 25.71M -2.55M -1.22M
Diluted EPS -0.18 1.59 -0.16 -0.07
Net profit margin -3.34% 28.53% -2.68% -1.21%
Operating income -1.34M 26.68M -1.04M 574K
Net change in cash -750K 750K -1K 8K
Cash on hand 19K 769K 19K 20K
Cost of revenue 61.59M 67.42M 74.37M 76.9M
Annual (USD) Dec 19 Dec 18 Dec 17 Dec 16
Revenue 374.58M 405.03M 412.46M 397.45M
Net income 15.27M -21.38M -9.56M -5.28M
Diluted EPS 0.93 -1.35 -0.6 -0.34
Net profit margin 4.08% -5.28% -2.32% -1.33%
Operating income 21.35M -15.82M 3.95M -3.44M
Net change in cash 751K -1K -121K -141K
Cash on hand 769K 18K 19K 140K
Cost of revenue 288.38M 318.04M 311.25M 302.03M

Financial data from company earnings reports

Date Owner Security Transaction Code $Price #Shares $Value #Remaining
6 May 20 Charles E Brock Common Stock, $3 par value Grant Aquire A 0 3,600 0 25,341
6 May 20 Kline Lowry F Common Stock, $3 par value Grant Aquire A 0 3,600 0 68,699
6 May 20 Owens Michael L. Common Stock, $3 par value Grant Aquire A 0 3,600 0 21,175
6 May 20 Murray Hilda S Common Stock, $3 par value Grant Aquire A 0 3,600 0 25,341
6 May 20 Blue William F JR Common Stock, $3 par value Grant Aquire A 0 3,600 0 33,571
39.5% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 29 29
Opened positions 4 5 -20.0%
Closed positions 4 4
Increased positions 5 7 -28.6%
Reduced positions 4 8 -50.0%
13F shares
Current Prev Q Change
Total value 3.83M 6.65M -42.3%
Total shares 5.9M 5.83M +1.2%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
Shares Value Change
Hodges Capital Management 1.7M $1.1M 0.0%
Kopion Asset Management 1.07M $696K +1.6%
Gendell Jeffrey L 1.02M $666K +24.4%
Dimensional Fund Advisors 746.44K $485K -15.4%
BLK BlackRock 363.83K $236K +0.3%
Blair William & Co 221.26K $144K -18.4%
Vanguard 168.58K $110K 0.0%
MS Morgan Stanley 129.58K $84K +5.0%
Bridgeway Capital Management 68.2K $44K 0.0%
Geode Capital Management 65.37K $42K 0.0%
Largest transactions
Shares Bought/sold Change
Gendell Jeffrey L 1.02M +200.8K +24.4%
Dimensional Fund Advisors 746.44K -135.46K -15.4%
Blair William & Co 221.26K -50K -18.4%
Renaissance Technologies 0 -46.7K EXIT
Greenleaf Trust 45K +45K NEW
Kopion Asset Management 1.07M +17.18K +1.6%
Susquehanna International 14.37K +14.37K NEW
ExodusPoint Capital Management 12.46K +12.46K NEW
TFC Truist Financial 50K +10K +25.0%
MS Morgan Stanley 129.58K +6.15K +5.0%

Financial report summary

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Risks
  • In addition to the other information provided in this Report, the following risk factors should be considered when evaluating the results of our operations, future prospects and an investment in shares of our Common Stock. Any of these factors could cause our actual financial results to differ materially from our historical results, and could give rise to events that might have a material adverse effect on our business, financial condition and results of operations.
  • Our financial condition and results or operations may be adversely impacted by the COVID-19 pandemic and the related downturn in economic conditions.
  • The floorcovering industry is sensitive to changes in general economic conditions and a decline in residential or commercial construction activity or corporate remodeling and refurbishment could have a material adverse effect on our business.
  • We have significant levels of sales in certain channels of distribution and reduction in sales through these channels could adversely affect our business.
  • We have significant levels of indebtedness that could result in negative consequences to us.
  • Uncertainty in the credit market or downturns in the economy and our business could affect our overall availability and cost of credit.
  • If our stock price remains below $1.00 for an extended time, our common stock may be subject to delisting from The NASDAQ Stock Market.
  • Our stock price has been and could remain volatile, which could further adversely affect the market price of our stock, our ability to raise additional capital and/or cause us to be subject to securities class action litigation.
  • We face intense competition in our industry, which could decrease demand for our products and could have a material adverse effect on our profitability.
  • If we are unable to anticipate consumer preferences and successfully develop and introduce new, innovative and updated products, we may not be able to maintain or increase our net revenues and profitability.
  • Raw material prices may vary and the inability to either offset or pass on such cost increases or avoid passing on decreases larger than the cost decrease to our customers could have a material adverse effect on our business, results of operations and financial condition.
  • Unanticipated termination or interruption of our arrangements with third-party suppliers of nylon yarn could have a material adverse effect on us.
  • The long-term performance of our business relies on our ability to attract, develop and retain qualified personnel.
  • We are subject to various governmental actions that may interrupt our supply of materials.
  • We may experience certain risks associated with internal expansion, acquisitions, joint ventures and strategic investments.
  • We are subject to various environmental, safety and health regulations that may subject us to costs, liabilities and other obligations, which could have a material adverse effect on our business, results of operations and financial condition.
  • We may be exposed to litigation, claims and other legal proceedings in the ordinary course of business relating to our products or business, which could have a material adverse effect on our business, results of operations and financial condition.
  • Our business operations could suffer significant losses from natural disasters, catastrophes, fire or other unexpected events.
Management Discussion
  • Net Sales. Net sales for the year ended December 28, 2019 were $374.6 million compared with $405.0 million in the year-earlier period, a decrease of 7.5% for the year-over-year comparison. Sales of residential floorcovering products were down 7.2% primarily due to our mass merchant customers shifting their emphasis from soft surface to hard surface floor coverings. Sales of commercial floorcovering products decreased 9.4%. The decrease in commercial net sales was due to distractions caused by the restructuring of our commercial operations and sales force during the first half of 2019.
  • Gross Profit. Gross profit, as a percentage of net sales, increased 1.5 percentage points in 2019 compared with 2018. Gross profit in 2019 was favorably impacted by savings from our Profit Improvement Plan. Gross profit in 2018 was negatively impacted by inventory write downs related to the Profit Improvement Plan.
  • Selling and Administrative Expenses. Selling and administrative expenses were $83.8 million in 2019 compared with $92.5 million in 2018, a decrease of .4% as a percentage of sales. The improved results in the 2019 selling expenses are the result of changes made as part of our Profit Improvement Plan.
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