Why Dixie Group Shares Are Rising Today
Why Dixie Group Shares Are Rising Today
The Dixie Group, Inc. (NASDAQ:DXYN) shares are trading higher on Friday.
周五，迪克西集团公司（纳斯达克股票代码：DXYN）股价上涨。
The company reported fourth-quarter earnings per share from continuing operations of 22 cents, significantly higher than the year-ago loss of $1.19 in the year-ago period.
该公司公布的第四季度持续经营业务每股收益为22美分，大大高于去年同期1.19美元的亏损。
Quarterly revenue of $66.67 million is significantly lower than $70.53 million in the year-ago quarter.
季度收入为6,667万美元，大大低于去年同期的7,053万美元。
The net income for the fourth quarter of 2023 was $3.16 million, with an income of $3.43 million from continuing operations. This compares to a loss of $(18.46) million in the fourth quarter of 2022, with a loss of $(17.68) million from continuing operations.
2023年第四季度的净收入为316万美元，持续经营收入为343万美元。相比之下，2022年第四季度亏损1846万美元，持续经营亏损1,768万美元。
"The lower net sales amount was the result of a slowdown in the floorcovering industry driven by high interest rates which have dramatically impacted the housing and residential remodeling markets," Daniel K. Frierson, Chairman and Chief Executive Officer, said.
董事长兼首席执行官丹尼尔·弗里森表示：“净销售额下降是由于高利率推动的地板覆盖行业放缓的结果，这极大地影响了住房和住宅改造市场。”
"We believe the overall flooring industry experienced a significantly higher reduction in year over year sales volume, indicating we are continuing to gain market share in our core markets," Frierson added.
弗里森补充说：“我们认为，整个地板行业的销量同比下降幅度显著增加，这表明我们在核心市场的市场份额正在继续增加。”
As part of the 2024 cost improvement initiatives, the company is planning to start operations on extrusion of nylon in the first quarter of 2024.
作为2024年成本改善计划的一部分，该公司计划在2024年第一季度开始尼龙挤出业务。
This action will moderate the impact of any disruptions of raw materials in the future and lower our costs, Dixie Group said. The company also has new product launches planned in each product segment.
迪克西集团表示，这一行动将缓解未来任何原材料中断的影响，并降低我们的成本。该公司还计划在每个产品细分市场推出新产品。
Price Action: DXYN shares are trading higher by 13% to $0.61 on the last check Friday.
价格走势：周五的最后一次支票中，DXYN股价上涨了13％，至0.61美元。