Culp sees flat earnings, plans to purchase China ticking producer

Ticking, upholstery and sewn cover supplier Culp Inc. reported relatively flat net income of $5 million in the first quarter of fiscal 2018, which ended July 30. Earnings per diluted share were $0.40, compared with $0.43 in the first quarter of fiscal 2017. Net sales were down slightly at $79.5 million, a 1.4% dip compared […]

Culp closes fiscal 2017 with healthy balance sheet, overall uptick in ticking sales

Supplier of mattress fabric, upholstery and sewn covers, Culp Inc., announced its fiscal 2017 results, which ended April 30. Net income rose 32% to $22.3 million for the year, or $1.78 per diluted share, compared with $16.9 million, or $1.36 per diluted share, in fiscal 2016. (The High Point, North Carolina-based company changed its New York Stock […]

Culp Inc. Sees Income Rise, Sales Decline in Fiscal 2017 Second Quarter

Culp Inc. Sees Income Rise, Sales Decline in Fiscal 2017 Second Quarter

In its fiscal 2017 second quarter, textile and sewn-cover supplier Culp Inc. reported net income (using generally accepted accounting principles) of $4.5 million, an 18% increase compared with the same quarter of fiscal 2016. Earnings per diluted share were $0.36, compared with $0.30 in the prior-year quarter. The High Point, North Carolina-based company reported non-GAAP […]

Culp Home Fashions Gives Jeff Tsacoumangos New Position

Culp Home Fashions, the mattress ticking division of High Point, North Carolina-based Culp Inc., has named Jeff Tsacoumangos director of quality assurance and continuous improvement. In the newly created position, Tsacoumangos is responsible for the oversight of quality assurance for all Culp Home Fashions’ manufacturing plants and product lines, as well as ongoing development related […]

Culp Sees Sales Climb in Fiscal 2016

Culp Sees Sales Climb in Fiscal 2016

Textile and sewn mattress cover supplier Culp Inc. announced net income (using generally accepted accounting principles) in its 2016 final fiscal quarter, ended May 1, of $3.6 million, a 26.5% decline compared with 2015’s final quarter. Earnings per share for the quarter were $0.29, compared with $0.39 in the previous year’s quarter. The High Point, […]

Culp Reports Sales Soften in Fiscal Third Quarter

Industry textile supplier Culp Inc., with headquarters in High Point, North Carolina, reported net sales of $78.5 million in its fiscal 2016 third quarter, which ended Jan. 31. The figure represents a 3.4% decline, compared with the same quarter in 2015. Net income, using generally accepted accounting principles, for the quarter was $4.9 million, or […]

Culp mattress fabric sales tick up in third quarter

BRIEFLY Culp third-quarter snapshot Net income $3.8 million Net sales $81.3 million Ticking sales $45.7 million Upholstery sales $35.6 million Textile supplier Culp Inc., with headquarters in High Point, North Carolina, reported net income (using generally accepted accounting principles) of $3.8 million for its fiscal 2015 third quarter, a 55% decrease as compared with GAAP […]

Culp Inc. second-quarter ticking sales see strong rise

BRIEFLY Culp second-quarter snapshot Net income $3 million Net sales $74 million Ticking sales $43 million Upholstery sales $31 million In the second quarter of fiscal 2015, fabric supplier Culp Inc., with headquarters in High Point, North Carolina, reported net income (using generally accepted accounting principles) of $3 million, a 3% decrease compared with second-quarter […]

Mattress ticking’s 21st-century aesthetic

Mattress ticking’s 21st-century aesthetic

Category makes a contemporary, sophisticated statement through enhanced sense of style BY GARY JAMES Fashion is playing an increasingly important role in today’s ticking as bed producers seek new ways to differentiate products on retail floors and grab consumer attention. Knit panels—the mattress industry’s most popular look—are getting more and more sophisticated thanks to the […]

Culp promotes Rosser, hires Gneiser

Textile supplier Culp Inc. has promoted Pat Rosser to vice president of operations for Culp Home Fashions, and hired Joe Gneiser to fill Rosser’s previous role as director of operations. Rosser is responsible for overseeing global production schedules, logistics, organizational development and process review. He joined the company in 2011 as operations coordinator. Gneiser is […]