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Why Dixie Group Shares Are Rising Today

Why Dixie Group Shares Are Rising Today

爲什麼 Dixie 集團的股價今天上漲
Benzinga ·  03/09 01:30

The Dixie Group, Inc. (NASDAQ:DXYN) shares are trading higher on Friday.

週五,迪克西集團公司(納斯達克股票代碼:DXYN)股價上漲。

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.

該公司公佈的第四季度持續經營業務每股收益爲22美分,大大高於去年同期1.19美元的虧損。

Quarterly revenue of $66.67 million is significantly lower than $70.53 million in the year-ago quarter.

季度收入爲6,667萬美元,大大低於去年同期的7,053萬美元。

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年第四季度的淨收入爲316萬美元,持續經營收入爲343萬美元。相比之下,2022年第四季度虧損1846萬美元,持續經營虧損1,768萬美元。

"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.

董事長兼首席執行官丹尼爾·弗裏森表示:“淨銷售額下降是由於高利率推動的地板覆蓋行業放緩的結果,這極大地影響了住房和住宅改造市場。”

"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.

弗裏森補充說:“我們認爲,整個地板行業的銷量同比下降幅度顯著增加,這表明我們在覈心市場的市場份額正在繼續增加。”

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.

作爲2024年成本改善計劃的一部分,該公司計劃在2024年第一季度開始尼龍擠出業務。

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.

迪克西集團表示,這一行動將緩解未來任何原材料中斷的影響,並降低我們的成本。該公司還計劃在每個產品細分市場推出新產品。

Price Action: DXYN shares are trading higher by 13% to $0.61 on the last check Friday.

價格走勢:週五的最後一次支票中,DXYN股價上漲了13%,至0.61美元。

譯文內容由第三人軟體翻譯。


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