Culp Announces Results and Strengthened Liquidity for First Quarter Fiscal 2021, Announces Quarterly Dividend

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Go back to Culp Announces Results and Strengthened Liquidity for First Quarter Fiscal 2021, Announces Quarterly Dividend

Culp, Inc. (CULP) Tops Q1 EPS by 5c, Revenues Beat

September 2, 2020 4:24 PM EDT

Culp, Inc. (NYSE: CULP) reported Q1 EPS of $0.08, $0.05 better than the analyst estimate of $0.03. Revenue for the quarter came in at $64.45 million versus the consensus estimate of $59.06 million.

Fiscal 2021 First Quarter Financial Summary(1)

Net sales were $64.5 million, down 8.8 percent over the prior-year period, with mattress fabric sales down 7.1 percent and upholstery fabric sales down 11.0 percent compared with the first quarter of last year.Pre-tax income from continuing operations was $1.5 million, compared with pre-tax income from continuing operations of $3.5 million for the prior-year period.Net loss from continuing operations was $(2.7)... More