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Stock impact report

Culp Announces Results for Second Quarter Fiscal 2018

Culp, Inc. (CULP) 
Last culp, inc. earnings: 3/4 04:15 pm Check Earnings Report
US:NYSE Investor Relations: culpinc.gcs-web.com/investor-overview
Company Research Source: Business Wire
Board of Directors Authorizes Increase in Quarterly Cash Dividend from $0.08 to $0.09 Per Share HIGH POINT, N.C.--(BUSINESS WIRE)-- Culp, Inc. (NYSE: CULP) today reported financial and operating results for the second quarter and six months ended October 29, 2017. Fiscal 2018 Second Quarter Highlights Net sales were $80.7 million, up 7.1 percent, with mattress fabrics sales up 6.8 percent and upholstery fabrics sales up 7.7 percent, as compared with the same quarter last year. Pre-tax income was $6.2 million, compared with $7.2 million in the second quarter of fiscal 2017. The $6.2 million included approximately $400,000 of non-recurring legal and other professional expenses. Net income was $4.0 million, or $0.32 per diluted share, compared with net income of $4.5 million, or $0.36 per diluted share, in the prior year period. Show less Read more
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