Culp (CFI) Tops Q3 EPS by 3c
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Culp Announces Results for Third Quarter Fiscal 2016
March 1, 2016 4:15 PM ESTCompany Declares Regular Quarterly Cash Dividend of $0.07 Per Share
HIGH POINT, N.C.--(BUSINESS WIRE)-- Culp, Inc. (NYSE: CFI) today reported financial and operating results for the third quarter and nine months ended January 31, 2016.
Fiscal 2016 Third Quarter Highlights
Net sales were $78.5 million, down 3.4 percent, with mattress fabric sales down 3.1 percent and upholstery fabric sales down 3.9 percent, compared with an exceptionally strong sales performance for both divisions in the third quarter last year. Pre-tax income was $7.2 million, up 21 percent compared with $5.9... More