dxyn-20250927

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549


			Form 10-Q

(Mark One)

☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended September 27, 2025

o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from ___________ to __________

Commission File Number: 0-2585

THE DIXIE GROUP, INC.

(Exact name of Registrant as specified in its charter)

Tennessee

62-0183370

(State or other jurisdiction of incorporation or organization)

(I.R.S. Employer Identification No.)

475 Reed Road, Dalton, Georgia

30720

(706) 876-5800

(Address of principal executive offices)

(zip code)

(Registrant's telephone number, including area code)

Not Applicable

(Former name, former address and former fiscal year, if changed since last report)

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common Stock, $3 Par Value

DXYN

OTCQB

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. R Yes o No

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (Section 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). R Yes o No

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company," and "emerging growth company" in Rule 12b-2 of the Exchange Act.

Large accelerated filer

Accelerated filer

Non-accelerated Filer

Smaller reporting company

☑

Emerging growth company

☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act.) ☐ Yes R No

The number of shares outstanding of each of the issuer's classes of Common Stock as of the latest practicable date.


Class						Outstanding as of October 31, 2025
Common Stock, $3 Par Value						13,935,326 shares
Class B Common Stock, $3 Par Value						1,240,285 shares
Class C Common Stock, $3 Par Value						0 shares

Table of Contents 1

THE DIXIE GROUP, INC.

Table of Contents

PART I. FINANCIAL INFORMATION

Page

Item 1.

Financial Statements

Consolidated Condensed Balance Sheets - September 2 7 , 2025 (Unaudited) and December 28, 2024

Consolidated Condensed Statements of Operations (Unaudited) - Three and Nine Months Ended September 2 7 , 2025 and September 2 8 , 2024

Consolidated Condensed Statements of Comprehensive Income (Loss) (Unaudited) - Three and Nine Months Ended September 2 7 , 2025 and September 2 8 , 2024

Consolidated Condensed Statements of Cash Flows (Unaudited) - Nine Months Ended September 2 7 , 2025 and September 2 8 , 2024

Consolidated Condensed Statements of Stockholders' Equity (Unaudited) - Three and Nine Months ended September 2 7 , 2025 and September 2 8 , 2024

Notes to Consolidated Condensed Financial Statements (Unaudited)

Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Item 3.

Quantitative and Qualitative Disclosures about Market Risk

Item 4.

Controls and Procedures

PART II. OTHER INFORMATION

Item 1.

Legal Proceedings

Item 1A.

Risk Factors

Item 2.

Unregistered Sales of Equity Securities and Use of Proceeds

Item 3.

Defaults Upon Senior Securities

Item 4.

Mine Safety Disclosures

Item 5.

Other information

Item 6.

Exhibits

Signatures

Table of Contents 2

PART I. FINANCIAL INFORMATION

Item 1. Financial Statements

THE DIXIE GROUP, INC.

CONSOLIDATED CONDENSED BALANCE SHEETS

(amounts in thousands, except share data)


	September 27, 2025		December 28, 2024
ASSETS	(Unaudited)
CURRENT ASSETS
Cash and cash equivalents	$	3,438	$	19
Receivables, net of allowances for expected credit losses of $492 and $454	26,286		23,325
Inventories, net	68,491		66,852
Prepaid and other current assets	6,607		5,643

TOTAL CURRENT ASSETS	104,822		95,839

PROPERTY, PLANT AND EQUIPMENT, NET	30,284		33,747
OPERATING LEASE RIGHT-OF-USE ASSETS	24,739		25,368

RESTRICTED CASH	3,886		—
OTHER ASSETS	19,087		19,854
LONG-TERM ASSETS OF DISCONTINUED OPERATIONS	1,099		1,064
TOTAL ASSETS	$	183,917	$	175,872

LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES
Accounts payable	$

SEC Form 10-Q filed by Dixie Group Inc.