The Dixie Group, Inc. announces an Equity Buyback for $2.8 million worth of its shares.
May 02, 2024 at 01:03 pm
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The Dixie Group, Inc. (NasdaqCM:DXYN) announces a share repurchase program. Under the program, the company will repurchase up to $2.8 million worth of its shares. The program is valid until April, 2025.
The Dixie Group, Inc. is engaged in marketing, manufacturing and selling floorcovering products to high-end residential customers through its various sales forces and brands. The Companyâs business participates in markets for soft floorcoverings, which include broadloom carpet and rugs, and hard surfaces, which include luxury vinyl flooring (LVF) and engineered wood. The Companyâs brands include Fabrica, Masland Residential, and DH Floors. Its Fabrica markets and manufactures luxurious residential carpet, custom rugs, and engineered wood for the residential soft floorcovering industry. Fabrica consists of carpets and area rugs in both nylon and wool. Masland Residential markets and manufactures specialty carpets, rugs, and vinyl flooring. DH Floors markets an array of residential tufted broadloom carpet and rugs to selected retailers and home centers under the DH Floors and private label brands. The Company has also launched TRUCOR and TRUCOR Prime offering LVF products.
THE DIXIE GROUP, INC. 
