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 […]