Culp, Inc. (CFI) Tops Q2 EPS by 1c
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Culp Announces Results for Second Quarter Fiscal 2017
December 1, 2016 4:15 PM ESTBoard of Directors Authorizes 14 Percent Increase in Quarterly Cash Dividend from $0.07 to $0.08 Per Share
HIGH POINT, N.C.--(BUSINESS WIRE)-- Culp, Inc. (NYSE: CFI) today reported financial and operating results for the second quarter and six months ended October 30, 2016.
Fiscal 2017 Second Quarter Highlights
Net sales were $75.3 million, down 2.1 percent, with mattress fabric sales up 0.2 percent and upholstery fabric sales down 5.4 percent, as compared with the same quarter last year. Pre-tax income was $7.2 million, up 16.5 percent compared with $6.1 million in... More