Excellent Fourth Quarter Earnings
On February 19, DXYN reported its fourth quarter operating results. Sales jumped 34.7% year-over-year to $95.8 million–the highest level since the company’s reconfiguration in 2003.
During FY 2013, 58% of the sales were derived from the residential market, while 42% were from the commercial market.
Adjusted operating income of $0.12 per share was substantially ahead of the Zacks Consensus Estimate of $0.05 per share. Dixie has delivered positive earnings surprises in all of the last four quarters—with an average quarterly surprise of 185%.
And now it is: