DXYN Dixie
The Dixie Group, Inc. engages in the marketing, manufacture, and sale of floorcovering products. It operates through the Residential and Commercial segments. Its brands include Fabrica, Masland Residential, Dixie Home, and Atlas Masland Contract. The company was founded in 1920 and is headquartered in Dalton, GA.
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
IRS number
620183370
DXYN stock data
()
Calendar
10 Mar 21
12 Apr 21
26 Dec 21
Financial summary
Quarter (USD) |
Dec 20 | Sep 20 | Jun 20 | Mar 20 | |
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| Change in cash | |||||
| Diluted EPS |
Annual (USD) |
Dec 20 | Dec 19 | Dec 18 | Dec 17 | |
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| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
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| Change in cash | |||||
| Diluted EPS |
Financial data from Dixie earnings reports.
| Cash burn rate (estimated) | Burn method: Change in cash | Burn method: Operating income/loss | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 1.92M | 1.92M | 1.92M | 1.92M | 1.92M | 1.92M |
| Cash burn (monthly) | (positive/no burn) | (positive/no burn) | (positive/no burn) | 243.25K | 790.33K | (positive/no burn) |
| Cash used (since last report) | n/a | n/a | n/a | 870.62K | 2.83M | n/a |
| Cash remaining | n/a | n/a | n/a | 1.05M | -908.71K | n/a |
| Runway (months of cash) | n/a | n/a | n/a | 4.3 | -1.1 | n/a |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 12 Mar 21 | W Derek Davis | Common Stock, $3 par value | Payment of exercise | Dispose F | No | No | 3.27 | 2,824 | 9.23K | 131,862 |
| 12 Mar 21 | Thomas Martin Nuckols | Common Stock, $3 par value | Payment of exercise | Dispose F | No | No | 3.27 | 2,157 | 7.05K | 90,838 |
| 12 Mar 21 | Daniel K Jr. Frierson | Common Stock, $3 par value | Payment of exercise | Dispose F | No | No | 3.27 | 2,412 | 7.89K | 16,839 |
| 12 Mar 21 | Frierson Daniel K | Common Stock, $3 par value | Payment of exercise | Dispose F | No | No | 3.27 | 8,536 | 27.91K | 76,545 |
| 10 Mar 21 | Allen L Danzey | Common Stock, $3 par value | Grant | Aquire A | No | No | 0 | 21,350 | 0 | 39,055 |
| 10 Mar 21 | Allen L Danzey | Common Stock, $3 par value | Grant | Aquire A | No | No | 0 | 8,000 | 0 | 17,705 |
| 10 Mar 21 | W Derek Davis | Common Stock, $3 par value | Grant | Aquire A | No | No | 0 | 24,553 | 0 | 134,686 |
| 10 Mar 21 | W Derek Davis | Common Stock, $3 par value | Grant | Aquire A | No | No | 0 | 9,200 | 0 | 110,133 |
| 10 Mar 21 | Thomas Martin Nuckols | Common Stock, $3 par value | Grant | Aquire A | No | No | 0 | 11,000 | 0 | 92,995 |
| 10 Mar 21 | Thomas Martin Nuckols | Common Stock, $3 par value | Grant | Aquire A | No | No | 0 | 30,656 | 0 | 81,995 |
Institutional ownership Q4 2020
Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.
40.5% owned by funds/institutions
13F holders |
Current |
|---|---|
| Total holders | 33 |
| Opened positions | 6 |
| Closed positions | 3 |
| Increased positions | 5 |
| Reduced positions | 8 |
13F shares |
Current |
|---|---|
| Total value | 15.03M |
| Total shares | 5.9M |
| Total puts | 0 |
| Total calls | 0 |
| Total put/call ratio | – |
Largest owners |
Shares | Value |
|---|---|---|
| Gendell Jeffrey L | 1.44M | $3.67M |
| Hodges Capital Management | 1.37M | $3.48M |
| Kopion Asset Management | 601.66K | $1.53M |
| MS Morgan Stanley | 509.3K | $1.3M |
| BLK Blackrock | 363.73K | $927K |
| Royce & Associates | 316.15K | $806K |
| Blair William & Co | 221.26K | $564K |
| Renaissance Technologies | 219.3K | $559K |
| Bridgeway Capital Management | 180.9K | $461K |
| Vanguard | 168.58K | $430K |
Financial report summary
?Risks
- 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.
Management Discussion
- Net Sales. Net sales for the year ended December 26, 2020 were $315.9 million compared with $374.6 in the year-earlier period, a decrease of 15.7% for the year-over-year comparison. Sales of residential floorcovering products were down 7.0% and sales of commercial floorcovering products decreased 37.0%. Net sales in our residential markets have begun to recover from the COVID-19 pandemic but our commercial markets continue to experience reduced sales activity.
- Gross Profit. Gross profit, as a percentage of net sales, increased 1.2 percentage points in 2020 compared with 2019. Cost reductions resulting from our Profit Improvement Plan, which was implemented in the prior year, and net expense reductions from the implementation of our COVID-19 Continuity Plan contributed to the improved gross profit margin. These cost savings were partially offset by under absorbed fixed costs due to reduced sales volume after the first quarter and costs related to the COVID-19 Recovery Plan.
- Selling and Administrative Expenses. Selling and administrative expenses were $75.7 million in 2020 compared with $83.8 million in 2019, but higher as a percentage of the lower sales volume. Selling and administrative expenses as a percent of the net sales for 2020 and 2019 were 24.0% and 22.4% respectively. The reduction in expenses for selling and administrative expenses in 2020 was the result of cost cuts in response to the COVID-19 pandemic and cost reductions in place from the Profit Improvement Plan implemented in previous years.
Content analysis
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| Positive | ||
| Negative | ||
| Uncertain | ||
| Constraining | ||
| Legalese | ||
| Litigous | ||
| Readability |
8th grade Avg
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New words:
Aid, alter, alternative, AmeriState, apparent, arrive, AtlasMasland, book, burden, cessation, clarity, contact, COVID, currency, customary, dedesignated, deferral, distancing, ease, effort, enforceable, Fifteenth, Footnote, franchise, inflow, Interbank, intraperiod, job, lifted, London, mitigated, NaN, necessitate, needle, Nevada, nonessential, Oklahoma, onset, organization, organized, outbreak, payroll, percentile, permanent, pool, postponed, precise, preserve, pursued, quantified, Raymond, recalculated, recommended, reconciling, reform, reliably, remotely, renovation, repaid, replenish, reset, residual, rotating, shelter, shut, simultaneously, smaller, social, spread, subledger, telecommuting, thirty, tied, travel, union, USDA
Removed:
Absent, accessible, achieved, Administrator, agent, ago, Anderson, Annex, Aurora, Authority, Averett, bankruptcy, base, Benjamin, Bill, bond, Borrower, Brenda, Bridgeman, bulk, Bulletin, Burtco, capitalized, cert, closely, comparative, contingent, contracted, Danny, deceased, Deed, defending, denied, designation, Dianne, Discovery, Electric, entail, faulkner, focusing, Garcia, Gordon, Guarantor, hereof, Honda, Horwich, impair, individually, ineffective, Intercreditor, jon, LiveWell, lowered, Madison, Master, mesothelioma, Metropolitan, MINE, Mortgagee, motion, moved, Orange, Pamela, PetProtect, pilot, Pledge, Pltf, practical, provisional, Pump, qualifying, Sandra, settlement, solid, Steward, Subordination, tentative, Trustee, unobservable, UNRESOLVED, waste, wholly
Financial reports
10-K
2020 FY
Annual report
10 Mar 21
10-Q
2020 Q3
Quarterly report
6 Nov 20
10-Q
2020 Q2
Quarterly report
6 Aug 20
10-Q
2020 Q1
Quarterly report
29 May 20
10-K
2019 FY
Annual report
12 Mar 20
10-Q
2019 Q3
Quarterly report
7 Nov 19
10-Q
2019 Q2
Quarterly report
8 Aug 19
10-Q
2019 Q1
Quarterly report
6 May 19
10-K
2018 FY
Annual report
8 Mar 19
10-Q
2018 Q3
Quarterly report
8 Nov 18
Current reports
8-K
Departure of Directors or Certain Officers
12 Mar 21
8-K
Regulation FD Disclosure
4 Mar 21
8-K
The Dixie Group Reports Financial Results for 2020
3 Mar 21
8-K
Regulation FD Disclosure
3 Mar 21
8-K/A
Financial Statements and Exhibits
5 Nov 20
8-K
Other Events
4 Nov 20
8-K
The Dixie Group Reports Profit for the Third Quarter 2020
4 Nov 20
8-K
Regulation FD Disclosure
4 Nov 20
8-K
Entry into a Material Definitive Agreement
4 Nov 20
8-K
The Dixie Group Announces New Senior Credit Facility
2 Nov 20
Registration and prospectus
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
S-8
Registration of securities for employees
5 Jun 06
Proxies
DEF 14A
Definitive proxy
10 Mar 21
DEF 14A
Definitive proxy
13 Mar 20
DEF 14A
Definitive proxy
8 Mar 19
DEF 14A
Definitive proxy
12 Mar 18
DEF 14A
Definitive proxy
12 Mar 17
DEF 14A
Definitive proxy
10 Mar 16
DEF 14A
Definitive proxy
11 Mar 15
DEF 14A
Definitive proxy
11 Mar 14
DEF 14A
Definitive proxy
24 Mar 13
DEF 14A
Definitive proxy
21 Mar 12
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
SC 13D/A
DIXIE / DIXIE ownership change
18 Mar 21
4
DIXIE / DANIEL K FRIERSON ownership change
12 Mar 21
4
DIXIE / Daniel K Jr. Frierson ownership change
12 Mar 21
4
DIXIE / Thomas Martin Nuckols ownership change
12 Mar 21
4
DIXIE / W DEREK DAVIS ownership change
12 Mar 21
4
DIXIE / Allen L Danzey ownership change
12 Mar 21
SC 13G/A
DIXIE / DIMENSIONAL FUND ADVISORS ownership change
16 Feb 21
SC 13G/A
DIXIE / GENDELL JEFFREY L ownership change
11 Feb 21
SC 13G/A
DIXIE / DIXIE ownership change
25 Jan 21
SC 13G/A
DIXIE / ROYCE & ASSOCIATES ownership change
9 Dec 20
Transcripts
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
2019 Q3
Earnings call transcript
10 Nov 19
2019 Q2
Earnings call transcript
5 Aug 19
2019 Q1
Earnings call transcript
3 May 19
2018 Q4
Earnings call transcript
7 Mar 19
2018 Q3
Earnings call transcript
8 Nov 18
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4 Mar 21
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Daily Discussion Thread - March 2nd, 2021
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