The Dixie Group is a leading marketer and manufacturer of carpet and rugs to higher-end residential and commercial customers through the Fabrica International, Masland Carpets, Dixie Home, AtlasMasland, and Dixie International brands.

Company profile
Ticker
DXYN
Exchange
Website
CEO
Daniel Frierson
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
Mohawk Industries • Interface ...
Former names
DIXIE YARNS INC
SEC CIK
Corporate docs
Subsidiaries
TDG Operations, LLC ...
IRS number
620183370
DXYN stock data
Calendar
8 Aug 22
9 Aug 22
31 Dec 22
Financial summary
Quarter (USD) | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
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Diluted EPS |
Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
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Revenue | |||||
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Operating income | |||||
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 893K | 893K | 893K | 893K | 893K | 893K |
Cash burn (monthly) | 3K | 125.42K | 1.34M | 332.25K | 580.33K | 567.25K |
Cash used (since last report) | 4.51K | 188.37K | 2.01M | 499.01K | 871.61K | 851.96K |
Cash remaining | 888.49K | 704.63K | -1.12M | 393.99K | 21.39K | 41.04K |
Runway (months of cash) | 296.2 | 5.6 | -0.8 | 1.2 | 0.0 | 0.1 |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
9 Jun 22 | Thomas Martin Nuckols | Common Stock, $3 par value | Grant | Acquire A | No | No | 0 | 0 | 0 | 127,882 |
6 Jun 22 | Thomas Martin Nuckols | Common Stock, $3 par value | Grant | Acquire A | No | No | 0 | 12,000 | 0 | 139,882 |
1 Jun 22 | W Derek Davis | Common Stock, $3 par value | Grant | Acquire A | No | No | 0 | 8,880 | 0 | 160,571 |
1 Jun 22 | Thomas Martin Nuckols | Common Stock, $3 par value | Grant | Acquire A | No | No | 0 | 10,483 | 0 | 127,882 |
1 Jun 22 | Allen L Danzey | Common Stock, $3 par value | Grant | Acquire A | No | No | 0 | 7,721 | 0 | 66,424 |
Institutional ownership, Q1 2022
54.5% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 33 |
Opened positions | 1 |
Closed positions | 10 |
Increased positions | 6 |
Reduced positions | 9 |
13F shares | Current |
---|---|
Total value | 23.59M |
Total shares | 8.15M |
Total puts | 29.3K |
Total calls | 48.2K |
Total put/call ratio | 0.6 |
Largest owners | Shares | Value |
---|---|---|
Hodges Capital Management | 2.24M | $6.94M |
Gendell Jeffrey L | 1.4M | $4.34M |
Royce & Associates | 899.47K | $2.79M |
Jeffrey L Gendell Et Al | 832.88K | $916K |
Vanguard | 535.19K | $1.66M |
MS Morgan Stanley | 491.62K | $1.52M |
BLK Blackrock | 310.13K | $961K |
Bridgeway Capital Management | 210.2K | $652K |
Blair William & Co | 190.61K | $591K |
Essex Investment Management | 154.18K | $478K |
Financial report summary
?Risks
- Raw material prices will 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.
Management Discussion
- Net Sales. Net sales for the year ended December 25, 2021 were $341.2 million compared with $250.9 in the year-earlier period, an increase of 36.0% for the year-over-year comparison. Net sales in 2020 were heavily impacted by the initial outbreak of the COVID-19 pandemic. After the initial impact of the pandemic in the second quarter of 2020, sales demand began to increase in line with the demand in the residential housing market.
- Gross Profit. Gross profit, as a percentage of net sales, decreased .3 percentage points in 2021 compared with 2020. The Company saw significant increases in raw material costs throughout 2021. Increases in the price of our products were implemented on a delayed basis after the initial impact of the cost increase. These cost increases created an inflationary impact that increased our LIFO reserve on inventory for continuing operations by $16.2 million in 2021 which negatively impacted our margins. These increased costs were partially offset by higher absorption of fixed costs due to increased sales volume in 2021.
- Selling and Administrative Expenses. Selling and administrative expenses were $67.9 million in 2021 compared with $58.2 million in 2020, but lower as a percentage of the higher sales volume. Selling and administrative expenses as a percent of the net sales for 2021 and 2020 were 19.9% and 23.2% respectively. The increase in selling and administrative expenses in 2021 was the result of increased investment in samples, marketing and travel expense in 2021 after the reduced spending in these areas in 2020 due to the pandemic.
Content analysis
?Positive | ||
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Readability |
H.S. freshman Avg
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New words:
August, difficult, distributor, emission, escalated, evolve, evolving, fully, greenhouse, half, labor, main, monitor, monitoring, political, professional, provision, recession, stream
Current reports
8-K
Changes in Registrant's Certifying Accountant
3 Jun 22
8-K
Regulation FD Disclosure
10 May 22
8-K
The Dixie Group Reports Results for First Quarter of 2022
10 May 22
8-K
Submission of Matters to a Vote of Security Holders
6 May 22
8-K/A
Financial Statements and Exhibits
22 Mar 22
8-K
Entry into a Material Definitive Agreement
21 Mar 22
8-K/A
Financial Statements and Exhibits
18 Mar 22
8-K
Departure of Directors or Certain Officers
16 Mar 22
8-K
Regulation FD Disclosure
9 Mar 22
8-K
The Dixie Group Reports Financial Results for 2021
9 Mar 22
Registration and prospectus
S-8
Registration of securities for employees
11 May 22
S-8 POS
Registration of securities for employees (post-effective amendment)
18 Jun 20
S-8
Registration of securities for employees
16 Jun 20
S-8
Registration of securities for employees
4 May 16
424B5
Prospectus supplement for primary offering
14 May 14
424B5
Prospectus supplement for primary offering
11 May 14
S-3/A
Shelf registration (amended)
3 Apr 14
S-3
Shelf registration
13 Mar 14
S-8
Registration of securities for employees
2 May 13
S-8
Registration of securities for employees
29 Jul 10
Other
UPLOAD
Letter from SEC
1 Nov 17
CORRESP
Correspondence with SEC
23 Oct 17
UPLOAD
Letter from SEC
16 Oct 17
EFFECT
Notice of effectiveness
7 Apr 14
CORRESP
Correspondence with SEC
3 Apr 14
CORRESP
Correspondence with SEC
3 Apr 14
UPLOAD
Letter from SEC
10 Sep 12
CORRESP
Correspondence with SEC
5 Sep 12
UPLOAD
Letter from SEC
12 Aug 12
UPLOAD
Letter from SEC
9 Nov 09
Ownership
4/A
DIXIE / Thomas Martin Nuckols ownership change
9 Jun 22
4
DIXIE / Thomas Martin Nuckols ownership change
8 Jun 22
4
DIXIE / Daniel K Jr. Frierson ownership change
3 Jun 22
4
DIXIE / DANIEL K FRIERSON ownership change
3 Jun 22
4
DIXIE / Allen L Danzey ownership change
3 Jun 22
4
DIXIE / Thomas Martin Nuckols ownership change
3 Jun 22
4
DIXIE / W DEREK DAVIS ownership change
3 Jun 22
4
DIXIE / LOWRY F KLINE ownership change
5 May 22
4
DIXIE / William F Blue JR ownership change
5 May 22
4
DIXIE / Michael L. Owens ownership change
5 May 22
Transcripts
2022 Q1
Earnings call transcript
11 May 22
2021 Q4
Earnings call transcript
10 Mar 22
2021 Q3
Earnings call transcript
13 Nov 21
2021 Q2
Earnings call transcript
8 Aug 21
2021 Q1
Earnings call transcript
18 May 21
2020 Q4
Earnings call transcript
4 Mar 21
2020 Q3
Earnings call transcript
8 Nov 20
2020 Q2
Earnings call transcript
9 Aug 20
2020 Q1
Earnings call transcript
19 May 20
2019 Q4
Earnings call transcript
5 Mar 20
Reddit threads
Daily Discussion Thread - August 3rd, 2022
3 Aug 22
Daily Discussion Thread - May 11th, 2022
11 May 22
Daily Discussion Thread - May 10th, 2022
10 May 22
Daily General Discussion and Advice Thread - May 10, 2022
10 May 22
Daily Discussion Thread - March 10th, 2022
10 Mar 22
Daily Discussion Thread - March 9th, 2022
9 Mar 22
Daily Discussion Thread - March 3rd, 2022
3 Mar 22
Daily Discussion Thread - March 2nd, 2022
2 Mar 22
Daily Discussion Thread - March 1st, 2022
1 Mar 22
Daily Discussion Thread - February 28th, 2022
28 Feb 22