Last $18.21 USD
Change Today -0.31 / -1.67%
Volume 30.5K
CFI On Other Exchanges
Symbol
Exchange
New York
As of 8:04 PM 10/23/14 All times are local (Market data is delayed by at least 15 minutes).

culp inc (CFI) Snapshot

Open
$18.59
Previous Close
$18.52
Day High
$18.78
Day Low
$18.11
52 Week High
01/27/14 - $20.62
52 Week Low
09/5/14 - $16.60
Market Cap
222.5M
Average Volume 10 Days
30.2K
EPS TTM
$1.42
Shares Outstanding
12.2M
EX-Date
09/29/14
P/E TM
12.8x
Dividend
$0.20
Dividend Yield
3.29%
Current Stock Chart for CULP INC (CFI)

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culp inc (CFI) Details

Culp, Inc. manufactures, sources, markets, and sells mattress fabrics and upholstery fabrics to the furniture and bedding industries in North America and internationally. The company operates through two segments, Mattress Fabrics and Upholstery Fabrics. The Mattress Fabrics segment offers woven jacquard, knitted, and converted fabrics for covering mattresses, box springs, and foundations. The Upholstery Fabric segment provides jacquard woven fabrics, velvets, microdenier suedes, woven dobbies, knitted fabrics, and piece-dyed woven products, as well as decorative and leather fabrics for use in the production of residential and commercial upholstered furniture, such as sofas, recliners, chairs, loveseats, sectionals, sofa-beds, and office seating. The company was founded in 1972 and is headquartered in High Point, North Carolina.

1,167 Employees
Last Reported Date: 07/11/14
Founded in 1972

culp inc (CFI) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: $381.5K
Founder, Chairman and Chairman of Executive C...
Total Annual Compensation: $299.8K
Chief Financial Officer, Vice President, Trea...
Total Annual Compensation: $195.8K
President of Culp Home Fashions Division
Total Annual Compensation: $254.0K
Principal Accounting officer, Corporate Contr...
Total Annual Compensation: $139.5K
Compensation as of Fiscal Year 2014.

culp inc (CFI) Key Developments

Culp, Inc. Approves Quarterly Cash Dividend, Payable on October 15, 2014; Announces Unaudited Earnings Results for the First Quarter Ended August 3, 2014; Provides Earnings Guidance for the Second Quarter and for the Fiscal Year 2015

Culp, Inc. announced that the Board of Directors approved the payment of the company's quarterly cash dividend of $0.05 per share. This payment will be made on October 15, 2014, to shareholders of record as of October 1, 2014. Future dividend payments are subject to Board approval and may be adjusted at the Board's discretion as business needs or market conditions change. The company announced unaudited earnings results for the first quarter ended August 3, 2014. For the quarter, the company reported net sales of $76,060,000 compared with $70,141,000 for the same period a year ago. Income before income taxes was $5,459,000 compared with $5,535,000 for the same period a year ago. Net income was $3,344,000 or $0.27 per diluted share compared with $3,230,000 or $0.26 per diluted share for the same period a year ago. Adjusted net income was $4,547,000 or $0.37 per diluted share compared with $4,749,000 or $0.38 per diluted share for the same period a year ago. Capital expenditures were $2,333,000 against $884,000 a year ago. Net cash provided by operating activities was $4,051,000 against $2,675,000 a year ago. For the second quarter of fiscal 2015, the company expects overall sales to be 1% to 5% higher as compared with the second quarter of last year. The company expects to report pre-tax income for the second fiscal quarter of 2015 in the range of $4.2 million to $4.9 million. For the fiscal year 2015, the company expects sales and pre-tax income to be higher than fiscal 2014, with improvement in profitability expected in the second half of this fiscal year as compared with the first half of this fiscal year. Capital expenditures for fiscal 2015 are expected to be approximately $10 million, mostly related to expansion projects for mattress fabrics. Additionally, the company expects a good year of free cash flow, even with an unusually high level of capital expenditures and modest growth in working capital.

Culp, Inc. to Report Q1, 2015 Results on Sep 04, 2014

Culp, Inc. announced that they will report Q1, 2015 results at 5:00 PM, Eastern Standard Time on Sep 04, 2014

Culp, Inc., Q1 2015 Earnings Call, Sep 05, 2014

Culp, Inc., Q1 2015 Earnings Call, Sep 05, 2014

 

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Industry Analysis

CFI

Industry Average

Valuation CFI Industry Range
Price/Earnings 13.1x
Price/Sales 0.8x
Price/Book 2.1x
Price/Cash Flow 12.9x
TEV/Sales 0.6x
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