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Last $29.24 USD
Change Today -0.85 / -2.82%
Volume 70.9K
As of 8:04 PM 07/27/15 All times are local (Market data is delayed by at least 15 minutes).

culp inc (CFI) Snapshot

Open
$29.87
Previous Close
$30.09
Day High
$29.90
Day Low
$29.18
52 Week High
07/13/15 - $33.64
52 Week Low
09/5/14 - $16.37
Market Cap
357.3M
Average Volume 10 Days
88.7K
EPS TTM
$1.37
Shares Outstanding
12.2M
EX-Date
06/29/15
P/E TM
21.4x
Dividend
$0.24
Dividend Yield
2.15%
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 use in the production of bedding products, including mattresses, box springs, and mattress sets. The Upholstery Fabrics segment provides jacquard woven fabrics, velvets, microdenier suedes, woven dobbies, knitted fabrics, piece-dyed woven products, and polyurethane 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.

1,188 Employees
Last Reported Date: 07/17/15
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 Seeks Acquisitions

Culp, Inc. (NYSE:CFI) said that it is open to strategic acquisitions in mattress fabrics business.

Culp, Inc. Announces Common and Special Cash Dividend, Payable on July 15, 2015; Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended May 3, 2015; Provides Earnings Guidance for the First Quarter and Full Year of 2016

Consistent with its capital allocation strategy, Culp, Inc. announced that its Board of Directors has approved the payment of a special cash dividend of $0.40 per share. In addition, the Board approved the payment of the company’s quarterly cash dividend of $0.06 per share. Both of these payments will be made on July 15, 2015, to shareholders of record as of July 1, 2015. The company reported unaudited consolidated earnings results for the fourth quarter and year ended May 3, 2015. For the quarter, the company reported net sales of $78,846,000 compared to $74,043,000 a year ago. Income before income taxes was $6,685,000 compared to $4,120,000 a year ago. Net income was $4,913,000 compared to $2,740,000 a year ago. Diluted net income per share was $0.39 compared to $0.22 a year ago. Adjusted net income was $5,635,000 compared to $3,395,000 a year ago. Diluted adjusted net income per share was $0.45 compared to $0.27 a year ago. For the full year, the company reported net sales of $310,166,000 compared to $287,162,000 a year ago. Income before income taxes was $22,956,000 compared to $19,043,000 a year ago. Net income was $15,071,000 compared to $17,447,000 a year ago. Diluted net income per share was $1.21 compared to $1.41 a year ago. Adjusted net income was $19,352,000 compared to $15,691,000 a year ago. Diluted adjusted net income per share was $1.56 compared to $1.26 a year ago. Net cash provided by operating activities was $26,111,000 compared to $20,219,000 a year ago. Free Cash Flow was $15,117,000 compared to $13,841,000 a year ago. Return on capital was 29% compared with 26% in fiscal 2014. The company provided earnings guidance for the first quarter and full year of 2016. For the quarter, the company expects overall sales to be up 1% to 4% as compared with the first quarter of fiscal 2015. The company expects to report pre-tax income for the first fiscal quarter of 2016 in the range of $5.2 million to $5.7 million. For the full year of 2016, the company expects capital expenditures to be approximately $7.5 million to $9.0 million, primarily related to the mattress fabrics business.

Culp, Inc. to Report Q4, 2015 Results on Jun 18, 2015

Culp, Inc. announced that they will report Q4, 2015 results After-Market on Jun 18, 2015

 

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Industry Analysis

CFI

Industry Average

Valuation CFI Industry Range
Price/Earnings 24.8x
Price/Sales 1.2x
Price/Book 3.1x
Price/Cash Flow 24.4x
TEV/Sales 1.1x
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