Last $21.12 USD
Change Today -0.01 / -0.05%
Volume 16.5K
CFI On Other Exchanges
Symbol
Exchange
New York
As of 8:04 PM 12/26/14 All times are local (Market data is delayed by at least 15 minutes).

culp inc (CFI) Snapshot

Open
$21.14
Previous Close
$21.13
Day High
$21.25
Day Low
$20.95
52 Week High
12/26/14 - $21.25
52 Week Low
09/5/14 - $16.60
Market Cap
258.1M
Average Volume 10 Days
42.6K
EPS TTM
$1.41
Shares Outstanding
12.2M
EX-Date
12/30/14
P/E TM
15.0x
Dividend
$0.24
Dividend Yield
2.84%
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 Increased Quarterly Cash Dividend Payable on January 16, 2015

Culp, Inc. announced that its board of directors has approved a 20% increase in its quarterly cash dividend from $0.05 to $0.06 per share, commencing in the third quarter of fiscal 2014. The company has doubled its quarterly cash dividend since reinstating the dividend in June 2012. This payment will be made on January 16, 2015, to shareholders of record as of January 2, 2015. Future dividend payments are subject to Board approval and may be adjusted at the Board's discretion as business needs or market conditions change.

Culp, Inc. Reports Unaudited Earnings Results for the Second Quarter and Six Months Ended November 2, 2014; Provides Earnings Guidance for the Third Quarter and Full Year of 2015

Culp, Inc. reported unaudited earnings results for the second quarter and six months ended November 2, 2014. For the quarter, the company reported net sales of $73,991,000 compared to $70,589,000 for the same period a year ago. Income before income taxes was $4,890,000 compared to $4,814,000 a year ago. Net income was $3,001,000 compared to $3,096,000 a year ago. Diluted net income per share was $0.24 compared to $0.25 a year ago. Adjusted net income was $4,103,000 compared to $4,063,000 a year ago. Diluted adjusted net income per share was $0.33 compared to $0.33 a year ago. For the six months, the company reported net sales of $150,051,000 compared to $140,730,000 for the same period a year ago. Income before income taxes was $10,349,000 compared to $10,349,000 a year ago. Net income was $6,346,000 compared to $6,326,000 a year ago. Diluted net income per share was $0.51 compared to $0.51 a year ago. Adjusted net income was $8,683,000 compared to $8,735,000 a year ago. Diluted adjusted net income per share was $0.70 compared to $0.70 a year ago. Net cash provided by operating activities was $14,538,000 compared to $9,443,000 a year ago. Capital expenditures were $5,087,000 compared to $1,900,000 a year ago. Free cash flow was $9,204,000 compared to $7,471,000 a year ago. Income from operations was $10,195,000 compared to $11,009,000 a year ago. Return on capital was 26%, compared with 29% for the same period a year ago. The company provided earnings guidance for the third quarter and full year of 2015. For the quarter, the company projects overall sales to be 2% to 5% higher as compared to the previous year's third quarter. Pre-tax income expected to be in the range of $5.0 million to $5.8 million. For the full fiscal year, the company expects sales and pre-tax income to be higher than fiscal 2014, with an improvement in profitability expected in the second half of this fiscal year as compared with the first half of the year. Capital expenditures for fiscal 2015 are expected to be approximately $10 million, primarily related to expansion projects for mattress fabrics. Additionally, the company expects a strong year of free cash flow, even with a higher than normal level of capital expenditures.

Culp, Inc. to Report Q2, 2015 Results on Dec 03, 2014

Culp, Inc. announced that they will report Q2, 2015 results at 5:00 PM, Eastern Standard Time on Dec 03, 2014

 

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Industry Analysis

CFI

Industry Average

Valuation CFI Industry Range
Price/Earnings 15.0x
Price/Sales 0.9x
Price/Book 2.3x
Price/Cash Flow 14.8x
TEV/Sales 0.7x
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