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Last $26.02 USD
Change Today +0.17 / 0.66%
Volume 38.9K
CFI On Other Exchanges
Symbol
Exchange
New York
As of 8:04 PM 05/1/15 All times are local (Market data is delayed by at least 15 minutes).

culp inc (CFI) Snapshot

Open
$26.06
Previous Close
$25.85
Day High
$26.26
Day Low
$25.64
52 Week High
04/7/15 - $29.19
52 Week Low
09/5/14 - $16.60
Market Cap
317.9M
Average Volume 10 Days
52.7K
EPS TTM
$1.14
Shares Outstanding
12.2M
EX-Date
03/30/15
P/E TM
22.9x
Dividend
$0.24
Dividend Yield
2.38%
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 Dividend for the Third Quarter Ended February 1, 2015, Payable on or About April 15, 2015; Announces Unaudited Earnings Results for the Third Quarter and Nine Months Ended February 1, 2015; Provides Earnings Guidance for the Fourth Quarter and Full Year of 2015 and Capital Expenditure Guidance for the Year 2016

The board of directors of Culp, Inc. has approved the payment of a quarterly cash dividend for the third quarter ended February 1, 2015, of $0.06 per share. The dividend is to be paid on or about April 15, 2015, to shareholders of record as of the close of business on April 1, 2015. The $0.06 per share is an annual indicated dividend of $0.24 per share. The company announced unaudited earnings results for the third quarter and nine months ended February 1, 2015. For the quarter, net sales were $81.3 million, a 12.3% increase compared with $72.4 million a year ago. The company reported net income of $3.8 million, or $0.31 per diluted share compared with $8.4 million or $0.68 per diluted share for the third quarter of fiscal 2014. Adjusted net income was $5.0 million, or $0.40 per diluted share, compared with $3.9 million, or $0.31 per diluted share, for the third quarter of fiscal 2014. On a pre-tax basis, the company reported income of $5.9 million compared with $4.6 million for the third quarter of fiscal 2014. For the nine months, the company reported net sales of $231,320,000 compared to $213,119,000 for the same period a year ago. Income before income taxes was $16,270,000 compared to $14,923,000 a year ago. Net income was $10,157,000 compared to $14,707,000 a year ago. Diluted net income per share was $0.82 compared to $1.19 a year ago. Adjusted net income was $13,781,000 or $1.11 per diluted share compared to $12,610,000 or $1.02 per diluted share a year ago. Adjusted net income was $13,781,000 against $12,610,000 a year ago. Net cash provided by operating activities was $20,699,000 compared to $10,994,000 a year ago. Capital expenditures were $8,185,000 compared to $2,656,000 a year ago. Free cash flow was $11,795,000 compared to $7,979,000 a year ago. Return on capital employed was 27.9 %, compared with 27.3 % for the same period a year ago. The company provided earnings guidance for the fourth quarter and full year of 2015. The company expects overall sales to be up 4% to 8% as compared with the fourth quarter of last fiscal year. The company expects to report pre-tax income in the range of $5.7 million to $6.4 million. For the year, the company expects overall annual sales to exceed last year’s annual sales by approximately 8%. The company expects pre-tax income in the range of $22.0 million to $22.7 million. Depreciation and amortization, together with stock-based compensation, is expected to be approximately $7 million this fiscal year. Additionally, the company expects free cash flow for this fiscal year to be comparable to the $13.8 million achieved last fiscal year. Capital expenditures for this fiscal year are expected to be approximately $11 million, primarily related to the expansion projects for mattress fabrics. For the year 2016, the company expects preliminary capital expenditures in the range of $6 million to $8 million, mostly related to mattress fabrics business.

Culp, Inc. to Report Q3, 2015 Results on Mar 05, 2015

Culp, Inc. announced that they will report Q3, 2015 results at 5:00 PM, Eastern Standard Time on Mar 05, 2015

Culp, Inc., Q3 2015 Earnings Call, Mar 05, 2015

Culp, Inc., Q3 2015 Earnings Call, Mar 05, 2015

 

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Industry Analysis

CFI

Industry Average

Valuation CFI Industry Range
Price/Earnings 25.1x
Price/Sales 1.0x
Price/Book 2.8x
Price/Cash Flow 24.7x
TEV/Sales 0.9x
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