The Dixie Group, Inc. (NASDAQ:DXYN) Q2 2020 Earnings Conference Call - Final Transcript
Aug 06, 2020 • 11:30 am ET
Daniel K. Frierson
control was strong. We experienced excellent results from a safety, quality, waste and cost standpoint, which meant we were able to continue providing our customers outstanding service in a very uncertain period.
We had no idea as we entered our 100th-year anniversary that we would be confronted with a worldwide pandemic and social unrest in this country. The values that have permeated our Company for the last 100 years are the values that will help ensure our success in the future. Our Company stands for inclusion and for the dignity of every individual. We've also tried to build people as we build our business by providing opportunity for all.
Looking forward, while it is not clear when our economy and country will return to more normal times, I believe with the reduction of debt of $48 million in the last year and the responsiveness of our organization that has been shown through the rapidly changing environment, we're in a position to continue growing our business. I have been impressed with the resiliency of our customers. They have adjusted to changing conditions quickly and have been able to continue attracting potential customers to their stores and make them comfortable with the purchase and installation of flooring products. Consequently, the upper end of the residential market has regained momentum, and we believe we're poised to gain market share.
At this time, we would like to open up the call to questions.