Culp, Inc. (CFI) Tops Q1 EPS by 12c

Culp, Inc. (NYSE: CFI) reported Q1 EPS of $0.50, $0.12 better than the analyst estimate of $0.38. Revenue for the quarter came in at $80.2 million versus the consensus estimate of $78.34 million.

• The projection for the second quarter of fiscal 2016 is for overall sales to be in the range of three percent to six percent higher as compared with the same period last year. Pre-tax income is expected to be in the range of $5.5 million to $6.0 million. Pre-tax income for the second quarter of fiscal 2015 was $4.9 million.
• The company expects fiscal 2016 to be a good year for free cash flow even after the planned $8.0 to $9.0 million in capital expenditures.

For earnings history and earnings-related data on Culp, Inc. (CFI) click here.

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