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Culp Inc  (CFI)
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    Sector  Capital Goods    Industry Miscellaneous Manufacturing
 
 

EARNINGS REPORT by CSIMarket

Profit Growth Continues to Advance


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Culp Inc announced forth quarter 2017 operating income of $7.171 millions



Company delivered strong earnings growth on slow Sales increase in the forth quarter 2017, where earnings jumped by 68.18 % at $0.49 per share, Sales grew modestly by 0.13 % to $77 millions from the same quarter a year ago.

In comparison to previous quarter eps decreased by -4.1 % from $0.51 per share and Sales increased by 1.55 % from $76 millions.

Net income of $6 millions in the forth quarter 2017 increased by 72.15 % from net earnings of $4 millions reported in the forth quarter 2017 a year ago. Although operating margin fell to 9.27%, in the forth quarter 2017, the company's net margin actually improved to 8.01%.
Looking into financial results for the fiscal year 2017, Culp Inc reported Sales of $310 millions and net income of $22 millions.

Miscellaneous Manufacturing Company explained also, that Earnings per share grew by 30.88 % to $1.78 per share from $1.36 in the previous fiscal year, while Sales decreased by -1.06 % from $313 millions a year ago.

Culp Inc is expected to report next financial results on December 11, 2017.
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