Dixie集团尽管销售上涨，但第三季度经营亏损
Despite 21% sales hike, Dixie Group slips into Q3 loss
In the quarter under review, Dixie Group slipped in to a massive loss from continuing operations totalling to $166,000, or $0.01 per diluted share, compared with income from continuing operations of $1,432,000, or $0.11 per diluted share in the third quarter of 2013.
Dixie Group posted revenue growth of 21.22% in the third quarter of 2014, which amounted to $109,359,000 against sales of $90,210,000 in the corresponding quarter of 2013.
“Excluding Atlas Carpet Mills, which was acquired in March, Dixie Group sales were up 7.8% as compared to the same quarter in 2013, while the market remained flat,” the carpet producer said.
It said, income from continuing operations, excluding manufacturing integration, facility consolidation, equipment impairment, and acquisition related expenses, after-tax, was $1,326,000, or $0.08 per diluted share for the period.
Dixie had $2,579,000 in facility consolidation, equipment impairment and acquisition related expenses during the period, as it implements its previously announced plans to expand capacity, integrate acquisitions and streamline operations.
Its residential sales increase in the third quarter was 9.8% ahead of those of the same quarter last year.
Third quarter sales increase for its commercial products was 45.6%, up from the same time period last year. Excluding Atlas, the hike was 1.0% for the third quarter as compared with a strong third quarter of 2013.
Sales for all of Dixie’s brands, other than Atlas Carpet Mills, were up for the third quarter on a year-over-year basis and it anticipates Atlas sales to pick up in 2015 as new product introductions are released later this year.
Dixie Group said, gross profit for the third quarter of 2014 at 24.2% of net sales, was impacted by added costs related to the restructuring activities. SG&A expenses reached 21.9% of sales in the reporting quarter as compared with 22.4% for the same quarter of 2013.
Third quarter of 2014 operating income touched $528,000, while on a non-GAAP basis, operating income was $3.1 million for the quarter.
Current assets increased $3.9 million during the quarter, primarily due to higher levels of trade receivables and deposits on new machinery and equipment.
“As projects are completed in the fourth quarter and interim progress fundings are converted to permanent financing, current debt will decrease by approximately $3.5 million,” it revealed.
Capital expenditures and capital leases for the quarter were $7.0 million, while capital assets purchased in the business combination of Burtco was $2.3 million and depreciation and amortization amounted to $3.3 million in the third quarter of 2014.
译文如下：
Dixie集团尽管销售上涨，但第三季度经营亏损
在截至2014年9月27日 的第三财政季度, 在纳斯达克上市地毯制造商——Dixie集团尽管报告收入同比增长21.22%,但持续经营业务亏损。
在审查季度期间, Dixie集团持续经营业务下滑严重，损失总计16.6万美元,即稀释后每股0.01美元,相比之下, 2013年第三季度持续经营收入为143.2万美元,稀释后每股为0.11美元。
Dixie集团公布2014年第三季度收入增长21.22%至109,359,000 美元，而2013年相应季度的销售额为90210000美元。
“除去今年3月收购的阿特拉斯地毯工厂, Dixie集团销售额与2013年同期相比增长7.8%, ,虽然市场持平,”地毯生产商说道。
它表示,除去制造集成、设施整合、设备损伤和收购相关费用, 持续经营收入税后为1326000美元,即稀释后每股盈利0.08美元。
期间设施整合、设备损伤和收购有关费用为2579000美元,因为实现其此前宣布的扩大产能，整合并购和简化操作的计划。
其住宅销量在第三季度增长9.8%高于去年同一季度。
商业产品第三季度销量增长45.6%,高于去年同期。不包括阿特拉斯,今年第三季度相比强劲的2013年第三季度上涨1.0%。
Dixie所有品牌的销售,除了阿特拉斯地毯工厂,第三季度同比都上涨。并且预计阿特拉斯2015年销售将上涨，因为新产品将在今年底发布。
Dixie集团表示,2014年第三季度总利润占净销售额的24.2%,受到了重建活动相关成本的影响。报告季度期间销售费用占销售额的21.9%，2013年同期为22.4%。
2014年第三季度的营业收入达528000美元,而在非公认会计原则的基础上,第二季度的营业收入为310万美元。
流动资产增加了390万美元,主要是由于新机器和设备较高的应收款项和订金。
“由于项目是在第四季度完成，临时进展资金要转换为永久融资,因此当前的债务将减少约350万美元”它透露。
2014年第三季度资本支出和资本租赁为700万美元, Burtco业务组合购买的的资本资产为230万美元,折旧及摊销之利润达330万美元。
在截至
在审查季度期间, Dixie集团持续经营业务下滑严重，损失总计16.6万美元,即稀释后每股0.01美元,相比之下, 2013年第三季度持续经营收入为143.2万美元,稀释后每股为0.11美元。
Dixie集团公布2014年第三季度收入增长21.22%至109,359,000 美元，而2013年相应季度的销售额为90210000美元。
“除去今年3月收购的阿特拉斯地毯工厂, Dixie集团销售额与2013年同期相比增长7.8%, ,虽然市场持平,”地毯生产商说道。
它表示,除去制造集成、设施整合、设备损伤和收购相关费用, 持续经营收入税后为1326000美元,即稀释后每股盈利0.08美元。
期间设施整合、设备损伤和收购有关费用为2579000美元,因为实现其此前宣布的扩大产能，整合并购和简化操作的计划。
其住宅销量在第三季度增长9.8%高于去年同一季度。
商业产品第三季度销量增长45.6%,高于去年同期。不包括阿特拉斯,今年第三季度相比强劲的2013年第三季度上涨1.0%。
Dixie所有品牌的销售,除了阿特拉斯地毯工厂,第三季度同比都上涨。并且预计阿特拉斯2015年销售将上涨，因为新产品将在今年底发布。
Dixie集团表示,2014年第三季度总利润占净销售额的24.2%,受到了重建活动相关成本的影响。报告季度期间销售费用占销售额的21.9%，2013年同期为22.4%。
2014年第三季度的营业收入达528000美元,而在非公认会计原则的基础上,第二季度的营业收入为310万美元。
流动资产增加了390万美元,主要是由于新机器和设备较高的应收款项和订金。
“由于项目是在第四季度完成，临时进展资金要转换为永久融资,因此当前的债务将减少约350万美元”它透露。
2014年第三季度资本支出和资本租赁为700万美元, Burtco业务组合购买的的资本资产为230万美元,折旧及摊销之利润达330万美元。
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