Culp, Inc. (CULP) Reports Q1 EPS of $0.40; Company Signs Letter of Intent for China Mattress Fabrics Acquisition
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Culp Announces Results for First Quarter Fiscal 2018
August 30, 2017 4:15 PM EDTCompany Signs Letter of Intent for China Mattress Fabrics Acquisition
HIGH POINT, N.C.--(BUSINESS WIRE)-- Culp, Inc. (NYSE: CULP) today reported financial and operating results for the first quarter ended July 30, 2017.
Fiscal 2018 First Quarter Highlights
Net sales were $79.5 million, down 1.4 percent over the prior year, with mattress fabrics sales down 4.2 percent and upholstery fabrics sales up 3.2 percent. Pre-tax income was $6.7 million, compared with $8.5 million for the prior year period, which was an exceptionally strong quarter.... More