Culp reports fiscal 2018 sales gain

Culp reports fiscal 2018 sales gain

Industry supplier and ticking major Culp Inc. recorded fourth-quarter 2018 (ended April 30) net sales of $78.2 million, with ticking sales down 4.7% and upholstery up 11%, compared with the prior-year quarter. For the full fiscal year, the High Point, North Carolina-based company had net sales of $323.7, reflecting a 1% rise in ticking and […]

Culp makes strategic acquisition of eLuxury.com

Culp makes strategic acquisition of eLuxury.com

Textile supplier Culp Inc., headquartered in High Point, North Carolina, plans to purchase eLuxury.com, an Evansville, Indiana-based e-commerce player whose foundational product line is mattress protectors and pads manufactured at its own domestic facility. The eLuxury site also sells a wide range of sheets, bed frames, mattresses and other bedroom and home items. The acquisition […]

Culp buys Read Window Products

Textile supplier Culp Inc., with headquarters in High Point, North Carolina, has acquired Read Window Products Inc. Based in Knoxville, Tennessee, Read Window Products is a turnkey provider of window treatments. In addition, the company supplies a full range of bedding-related soft goods for hospitality brands. Its annual revenues were approximately $11 million in 2017. […]

Culp net sales increase in latest quarter

Culp net sales increase in latest quarter

Textile supplier Culp Inc. reported net sales of $80.7 million in the second quarter of fiscal 2018, which ended Oct. 29, 2017. The sales are a 7.1% increase, compared with the same quarter in 2017.  Mattress fabric sales were $48.6 million, up 6.8% compared with the second quarter of fiscal 2017. Upholstery fabric sales were […]

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 […]

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