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The Dixie Group, Inc. (DXYN) is a company specializing in the marketing, manufacturing, and selling of high-end residential floorcovering products. It operates in the upper segment of the floorcovering market, offering a range of premium carpets, rugs, luxury vinyl flooring, and engineered hardwood. The company markets its products through well-known brands such as Fabrica, Masland, DH Floors, and TRUCOR, catering to designers, retailers, and builders in North America and internationally.
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Residential Floorcovering Products - Offers broadloom carpet, rugs, luxury vinyl flooring, and engineered hardwood, targeting high-end residential customers through designers, specialty retailers, and builders.
- Fabrica - Provides luxurious carpets, custom rugs, and engineered wood, catering to interior decorators, luxury home builders, and manufacturers of motor coaches and yachts.
- Masland Residential - Focuses on design-driven specialty carpets, rugs, and luxury vinyl flooring, marketed through the interior design community and specialty retailers.
- DH Floors - Delivers stylish and affordable tufted broadloom carpet, rugs, and luxury vinyl flooring for residential consumers.
- TRUCOR - Specializes in luxury vinyl flooring, addressing the growing demand for hard surface flooring.
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Other Services - Includes carpet yarn processing and carpet dyeing services, supporting the company's floorcovering operations.
| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Daniel K. Frierson ExecutiveBoard | Chairman of the Board and Chief Executive Officer | N/A | Daniel K. Frierson has been with DXYN since 1973, serving as CEO since 1980 and Chairman since 1987. He has played a key role in the company's transition to a residential floorcovering manufacturer. | View Report → |
Allen L. Danzey Executive | Chief Financial Officer | N/A | Allen L. Danzey has been CFO since January 2020, previously serving as Director of Accounting and Commercial Division Controller. | |
D. Kennedy Frierson, Jr. Executive | Vice President and Chief Operating Officer | N/A | Joined DXYN in 1992, serving in various roles including President of Masland Residential and General Manager of Dixie Home. Became COO in 2009. | |
W. Derek Davis Executive | Vice President, Human Resources and Corporate Secretary | N/A | Joined DXYN in 1988, became VP of Human Resources in 1991, and Corporate Secretary in 2016. | |
Charles E. Brock Board | Director | Owner of Brock Partnerships; Director of Four Bridges Capital Advisors; Director of Pinnacle Financial Partners | Director since 2012, involved in entrepreneurial advisory and investment through Brock Partnerships. | |
Hilda S. Murray Board | Director | Corporate Secretary and Executive Vice President of TPC Printing & Packaging; Founder and President of Greener Planet, LLC | Director since 2012, involved in specialty packaging and environmental compliance consulting. | |
Lowry F. Kline Board | Director | N/A | Director since 2004, previously served as a director and executive at Coca-Cola Enterprises, Inc.. | |
Michael L. Owens Board | Chairman of the Audit Committee | Assistant Dean of Graduate Programs and Lecturer at the University of Tennessee at Chattanooga | Director since 2014, recognized as an Audit Committee Financial Expert. |
- Given the worsening operating losses and net losses in Q3 2024 compared to the same period last year, what specific actions is management taking to return the company to profitability?
- With the company's net sales continuing to decline and interest expense remaining significant, how confident are you in your ability to refinance the debt maturing in October 2025, especially after being delisted from NASDAQ?
- The shutdown of one of your suppliers of white nylon later this year could pose supply chain challenges; how are you addressing this risk to ensure uninterrupted production and competitive raw material costs?
- You mentioned not building inventory as normal due to lower third-quarter sales and planning to reduce inventory further in the fourth quarter; how might this strategy affect your ability to meet potential demand increases in 2025?
- Given that your plans for improved demand in 2025 rely heavily on decreasing interest rates and increased existing home sales, what contingencies do you have in place if these macroeconomic factors do not materialize as expected?
Recent press releases and 8-K filings for DXYN.
- The company reported net sales of $62.99 million in Q1 2025 with an operating income of $11,000, a turnaround from a Q1 2024 operating loss of $857,000.
- A new $75 million senior revolving credit facility was secured for three years, replacing the previous facility with Fifth Third Bank.
- Improved cost controls contributed to higher gross margins despite weak market conditions and lower consumer confidence.
- Forward‑looking guidance: Expectations for improved gross margins and robust sales amid a recovering housing market and declining interest rates drive the outlook .
- Financial results overview: Q1 2025 update details Q4 and full FY 2024 performance including net sales, net income/loss, and commentary on strategic cost reductions and market challenges .
- SEC compliance: Report filed on April 10, 2025, confirming filing requirements and providing updated executive contact details .
- Strategic cost measures: Highlights include the closure of a new $75 million senior revolving credit facility in February 2025, a 27% reduction in employee headcount in 2023, and additional cost-saving plans for 2024 .
- Investor presentation: Updated materials showcase the company's evolution, commitment to the high‑end residential market, and diversified product offerings .