Culp, Inc. (CFI) Tops Q1 EPS by 7c, Offers Outlook

Culp, Inc. (NYSE: CFI) reported Q1 EPS of $0.56, $0.07 better than the analyst estimate of $0.49. Revenue for the quarter came in at $80.7 million versus the consensus estimate of $79.4 million.

Financial Outlook

• The projection for the second quarter of fiscal 2017 is for overall sales to be flat to slightly higher as compared with the same period last year. Pre-tax income is expected to be in the range of $6.6 million to $7.1 million. Pre-tax income for the second quarter of fiscal 2016 was $6.1 million.
• The company expects fiscal 2017 to be another good year for free cash flow even after the planned approximately $12 million in capital expenditures.

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

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