Chattanooga based carpet maker reports first quarter loss - WRCBtv.com | Chattanooga News, Weather & Sports

Working Together For You

Chattanooga based carpet maker reports first quarter loss

Posted: Updated:

CHATTANOOGA, TN. (Times Free Press) -- Chattanooga-based carpet maker Dixie Group Inc. reported a first quarter loss Monday after a drop in its commercial business compared to last year.

The company posted sales of $62.8 million, up 2.6 percent after adjusting for the 13-week period this year versus the 14-week period last year, Dixie said in a news release.

But, Dixie reported a loss from continuing operations of $104,000, or 1 cent per diluted share, compared with income of $644,000, or 5 cents per diluted share, for the first quarter of 2011.

Daniel K. Frierson, chairman and chief executive officer, said in a statement the first quarter typically is the slowest and most difficult one for the business.

Read more on the story from our news partners at the Chattanooga Times Free Press.

Powered by Frankly