New York—Forbes has profiled Chattanooga-based carpet manufacturer Dixie Group and noted that the firm’s growth initiatives last year appear to be paying off. This was the second consecutive quarter of more than 200% earnings surprise by the company, Forbes noted, after a disappointing financial performance last year.
Forbes said that analysts have been raising their estimates for the current quarter and year, with a consensus average $.09 per share and $.38 per share respectively, up from $.02 per share and $.19 per share, 60 days ago. Dixie makes carpet for the high end of both the residential and commercial markets.