"The emphasis we have placed on introduction and sampling of new products early in 2006 - including product introductions delayed in the last half of 2005, should continue to fuel sales growth.
Order entry rate is increasing, making us optimistic that our revenue growth this year will continue at a rate well above that of the carpet industry as a whole. We still expect total sales to increase in the 7 percent to 12 percent range this year," Frierson concluded.
Results related to discontinued operations reflected a loss of $91,000, or $0.01 per diluted share, in the first quarter of 2006 compared with income of $422,000, or $0.03 per diluted share, in the first quarter of 2005.
Including discontinued operations, the Company reported net income of $835,000, or $0.06 per diluted share, in the first quarter of 2006 compared with net income of $2,294,000, or $0.18 per diluted share, in the first quarter of 2005.
A listen-only Internet simulcast and replay of Dixie's conference call may be accessed with appropriate software at the Company's web site or at www.earnings.com.
The simulcast will begin at approximately 10:00 a.m. Eastern Time on May 2, 2006. A replay will be available approximately two hours later and will continue for approximately 30 days.
The Dixie Group is a leading marketer and manufacturer of carpet and rugs to higher-end residential and commercial customers through the Fabrica International, Masland Carpets and Dixie Home brands.
marketing@alchempro.com
