The Dixie Group, Inc. (NASDAQ:DXYN) Q2 2020 Earnings Conference Call - Final Transcript

Aug 06, 2020 • 11:30 am ET

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The Dixie Group, Inc. (NASDAQ:DXYN) Q2 2020 Earnings Conference Call - Final Transcript

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Q & A
Operator
Operator

[Operator Instructions] Our first questions come from the line of Barry Blank with JH Darbie.

Analyst
Barry Blank

Dan, I was -- you did very well in this quarter. I'm really pleased with the results that you have. I have a few questions, though. In the quarter that we had, there's got to be a lot of smaller companies that didn't fare that well and are having financial troubles. Do you have the wherewithal and the capabilities of trying to go out and find some of these companies? And is that something that the Company is looking to do?

Executive
Daniel K. Frierson

Barry, first of all, thank you for being on the call. Obviously, we've had our heads down pretty much looking at operations and doing everything we can to ensure a bright future. However, I think you're correct. There will be a number of companies that will have problems, and I think as we move forward, we'll be looking at those.

Analyst
Barry Blank

My next question is how do you see the hard flooring business picking up compared to the carpet business in the next quarter.

Executive
Daniel K. Frierson

Barry, as you know, we're relatively new in the hard surface business. Therefore, we're operating from very low base, and therefore, we're showing very, very high percentage growth, and the acceptance in the marketplace has been great. So we see that as a real strong growth initiative for us as a Company. Much stronger obviously than carpet, where our base is so large. But many of the customers we're dealing with today are customers we're also selling carpet, and we're getting great response to our new products.

Operator
Operator

With no further questions in the queue. I'll turn the call back to Dan Frierson for any additional or closing remarks.

Executive
Daniel K. Frierson

Daryl, thank you, and thank all of you for being on our call this quarter. It was a most unusual quarter and hopefully one that we will never have to go through again. But as we look forward, we are excited about the future and see great opportunity. Thank you for being with us.