Culp Announces Results for First Quarter Fiscal 2018

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Go back to Culp Announces Results for First Quarter Fiscal 2018

Culp, Inc. (CULP) Reports Q1 EPS of $0.40; Company Signs Letter of Intent for China Mattress Fabrics Acquisition

August 30, 2017 4:29 PM EDT

Culp, Inc. (NYSE: CULP) reported Q1 EPS of $0.40, versus $0.43 reported last year. Revenue for the quarter came in at $79.5 million, versus $80.7 million reported last year.

Financial Outlook

The projection for the second quarter of fiscal 2018 is for overall sales to be comparable to the same period last year. Pre-tax income is expected to be in the range of $5.4 million to $6.1 million. Pre-tax income for the second quarter of fiscal 2017 was $7.2 million.
The companys... More