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 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 […]