The Dixie Group, Inc. (OTC:DXYN) Q3 2019 Earnings Conference Call November 7, 2019 10:00 AM ET
Company Participants
Dan Frierson - Chairman & CEO
Jon Faulkner - CFO
Conference Call Participants
Operator
Good day, and welcome to Dixie Group, Inc. 2019 Third Quarter Earnings Conference Call. Today's call is being recorded. At this time, for opening remarks and introductions, I would like to turn the call over to the Chairman and Chief Executive Officer, Dan Frierson. Please go ahead, sir.
Dan Frierson
Thank you, Victor and Welcome, everyone. I have with me Jon Faulkner our CFO, who will be making comments during the meeting. Our Safe Harbor Statement is included by reference both to our website and press release.
Net sales for the third quarter were $95.447 million compared to $101 million in the same period of 2018. Our sales excluding the mass merchant channel, where we had unusually high stocking orders a year ago, were down 1.5% compared to a year ago. For the year of 2019, the company had a loss from continuing operations of approximately $2.5 million or $0.16 per share. However, adjusting for cost associated with facility restructuring and related inventory impairments, the company had a loss of $1.452 million for the third quarter of 2019. For the third quarter of 2018, the company reported a loss from continuing operations of $2.922 million or $0.19 per share on a higher level of sales.
Unusual expenses during the period including what included $1.1 million in restructuring-related expenses, including facility consolidations related to the reduction of our west -- relocation of our West Coast distribution center. Inventory write-downs from Atlas dyeable valuable products and severance expenses. Other unusually high expenses during the period were medical costs associated with our traditional preferred provider networks. These medical plans were replaced, one in the third quarter and one in
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