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Search results for Culp, Inc.
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Culp Makes $13.2 Million for Fiscal 2010
June 17, 2010 From News
Culp Inc. (NYSE: CFI) reported net income for the fiscal year ended May 2 of $13.2 million, compared with a net loss of $38.8 million during the previous year.
June 17, 2010 From News
Culp Inc. (NYSE: CFI) reported net income for the fiscal year ended May 2 of $13.2 million, compared with a net loss of $38.8 million during the previous year.
Culp Revises 4Q Expectations Up
May 19, 2010 From News
Fabric and mattress ticking supplier Culp Inc. (NYSE: CFI) revised its fourth quarter expectations based on unaudited, preliminary figures that show overall sales for the period ended May 2 are expected to be up 20 percent from the same quarter last year.
May 19, 2010 From News
Fabric and mattress ticking supplier Culp Inc. (NYSE: CFI) revised its fourth quarter expectations based on unaudited, preliminary figures that show overall sales for the period ended May 2 are expected to be up 20 percent from the same quarter last year.
Culp's Net Income for 3Q Notches $3 Million
March 2, 2010 From News
Fabric and ticking supplier Culp (NYSE: CFI) posted net income of $3 million for the third quarter ended Jan. 31, compared with a net loss of $450,000 during the same period last year.
March 2, 2010 From News
Fabric and ticking supplier Culp (NYSE: CFI) posted net income of $3 million for the third quarter ended Jan. 31, compared with a net loss of $450,000 during the same period last year.
Culp Gets Tough on Knockoffs
January 21, 2010 From News
Culp, Inc. (NYSE: CFI) said the company has reached agreements with a number of its customers and competing fabric suppliers regarding some of its copyrighted fabric designs.
January 21, 2010 From News
Culp, Inc. (NYSE: CFI) said the company has reached agreements with a number of its customers and competing fabric suppliers regarding some of its copyrighted fabric designs.
Culp Posts $1.9 Million Income for First Quarter
September 1, 2009 From News
Fabric and mattress ticking supplier Culp (NYSE: CFI) reported net income of $1.9 million for the first quarter ended Aug. 2, compared to net income of $781,000 for the same quarter last year.
September 1, 2009 From News
Fabric and mattress ticking supplier Culp (NYSE: CFI) reported net income of $1.9 million for the first quarter ended Aug. 2, compared to net income of $781,000 for the same quarter last year.
Culp Files Infringement Complaints
August 13, 2009 From News
High Point-based mattress and upholstery fabric maker Culp Inc. (NYSE: CFI) on Wednesday filed copyright infringement complaints against three fabric companies--Direct Textiles Inc., Independent Furniture Supply Company Inc., and Huntington Fabrics Inc.--and the individual principals of these companies.
August 13, 2009 From News
High Point-based mattress and upholstery fabric maker Culp Inc. (NYSE: CFI) on Wednesday filed copyright infringement complaints against three fabric companies--Direct Textiles Inc., Independent Furniture Supply Company Inc., and Huntington Fabrics Inc.--and the individual principals of these companies.
Culp 4Q Income Drops 19%
June 25, 2009 From News
Net income for Culp Inc. (NYSE: CFI) was $1.7 million in the fourth quarter, ended May 3, a 19 percent decline from the fourth quarter of last year.
June 25, 2009 From News
Net income for Culp Inc. (NYSE: CFI) was $1.7 million in the fourth quarter, ended May 3, a 19 percent decline from the fourth quarter of last year.
Culp 3Q Sales Drop 26.3%, Posts $450,000 Loss
March 4, 2009 From News
Fabric supplier Culp, Inc. (CFI) reported net sales of $44.6 million for the third quarter ended Feb. 1, down 26.3 percent compared with $60.5 million in the third quarter last year.
March 4, 2009 From News
Fabric supplier Culp, Inc. (CFI) reported net sales of $44.6 million for the third quarter ended Feb. 1, down 26.3 percent compared with $60.5 million in the third quarter last year.
Culp Sales Decline 18 Percent
December 2008 From News
High Point-based Culp, a manufacturer of upholstery and mattress fabrics, announced Thursday that sales in its second quarter declined more than 18 percent to $53.3 million and it has been hit with non-cash charges that contributed to a net loss of $40.9 million. The company recorded net income of $1.6 million in the same period of 2007. The company also announced that it has entered into a contract to sell its High Point headquarters building for $4 million and lease it back from the purchaser in a move that will enable it to pay down its bank loan on the property. Non-cash
December 2008 From News
High Point-based Culp, a manufacturer of upholstery and mattress fabrics, announced Thursday that sales in its second quarter declined more than 18 percent to $53.3 million and it has been hit with non-cash charges that contributed to a net loss of $40.9 million. The company recorded net income of $1.6 million in the same period of 2007. The company also announced that it has entered into a contract to sell its High Point headquarters building for $4 million and lease it back from the purchaser in a move that will enable it to pay down its bank loan on the property. Non-cash
Culp Reports First Quarter Sales, Income
September 2008 From News
Fabric and ticking supplier Culp reported net sales of $59.3 million for the first quarter ended Aug. 3, compared with net sales of $65.2 million a year ago in the same period. Net income for the quarter was $781,000, compared with $851,000 posted during the third quarter of last year. “The results for the first quarter of fiscal 2009 reflect outstanding performance in our mattress fabrics business and a greater than expected loss in our upholstery fabrics business,” said Frank Saxon, Culp chief executive officer. “The retail climate we are facing so far this year, particularly in the furniture industry, is as difficult
September 2008 From News
Fabric and ticking supplier Culp reported net sales of $59.3 million for the first quarter ended Aug. 3, compared with net sales of $65.2 million a year ago in the same period. Net income for the quarter was $781,000, compared with $851,000 posted during the third quarter of last year. “The results for the first quarter of fiscal 2009 reflect outstanding performance in our mattress fabrics business and a greater than expected loss in our upholstery fabrics business,” said Frank Saxon, Culp chief executive officer. “The retail climate we are facing so far this year, particularly in the furniture industry, is as difficult
Culp Acquires Mattress Fabric Supplier
August 2008 From News
High Point-based Culp announced Monday that it has acquired its primary supplier of knitted mattress fabric, Bodet & Horst (B&H) USA. Culp, which will operate the B&H factory in High Point, financed the purchase with a long-term unsecured note with one of its current lenders. The purchase price was not disclosed in Monday’s announcement. Culp President and CEO Frank Saxon said, “We are pleased to announce the acquisition of B&H and believe this transaction will further enhance Culp’s strong service platform for our customers. Demand for this product line has grown significantly, as knits are increasingly being utilized on mattresses at volume retail
August 2008 From News
High Point-based Culp announced Monday that it has acquired its primary supplier of knitted mattress fabric, Bodet & Horst (B&H) USA. Culp, which will operate the B&H factory in High Point, financed the purchase with a long-term unsecured note with one of its current lenders. The purchase price was not disclosed in Monday’s announcement. Culp President and CEO Frank Saxon said, “We are pleased to announce the acquisition of B&H and believe this transaction will further enhance Culp’s strong service platform for our customers. Demand for this product line has grown significantly, as knits are increasingly being utilized on mattresses at volume retail
Culp Weaves Profits From Lower Sales
June 2008 From News
Culp, the world’s largest maker of fabrics for mattresses and upholstery, announced Wednesday it attained profitability in both its fourth quarter and fiscal year despite lower sales in both periods. For the quarter ended April 27, net sales of $64 million were down from $73.2 million a year earlier, and net income of $2.1 million improved upon a $40,000 net loss. For the fiscal year, net sales of $254 million were down by $6.5 million from the previous year, while the company posted net income of $5.4 million versus a loss of $1.3 million. President and CEO Frank Saxon said, “We are
June 2008 From News
Culp, the world’s largest maker of fabrics for mattresses and upholstery, announced Wednesday it attained profitability in both its fourth quarter and fiscal year despite lower sales in both periods. For the quarter ended April 27, net sales of $64 million were down from $73.2 million a year earlier, and net income of $2.1 million improved upon a $40,000 net loss. For the fiscal year, net sales of $254 million were down by $6.5 million from the previous year, while the company posted net income of $5.4 million versus a loss of $1.3 million. President and CEO Frank Saxon said, “We are
Culp Announces Increased Sales, Profits
February 2008 From News
High Point, N.C.-based Culp, one of the world’s largest marketers of bedding and upholstery fabrics, announced Wednesday that sales in its third quarter increased 8.6 percent to $60.5 million. The company reported net income of $903,000 in the quarter after reporting a loss of $2.2 million during the same period last year. Net income in the most recent quarter included $551,000 in restructuring and related charges. For the first nine months of the company’s fiscal year (through Jan. 27), Culp’s sales were up 7.2 percent to $190 million and net income was $3.3 million. During the same period a year earlier, Culp
February 2008 From News
High Point, N.C.-based Culp, one of the world’s largest marketers of bedding and upholstery fabrics, announced Wednesday that sales in its third quarter increased 8.6 percent to $60.5 million. The company reported net income of $903,000 in the quarter after reporting a loss of $2.2 million during the same period last year. Net income in the most recent quarter included $551,000 in restructuring and related charges. For the first nine months of the company’s fiscal year (through Jan. 27), Culp’s sales were up 7.2 percent to $190 million and net income was $3.3 million. During the same period a year earlier, Culp
Culp Promotes Veteran to HR Post
February 2008 From News
High Point, N.C.-based Culp, one of the world’s largest makers of fabrics for mattresses and upholstered furniture, announced Monday that it has named Teresa Huffman vice president of human resources. She has served as assistant vice president of human resources since 2004 and has worked in the Culp’s human resources department since 1986. She reports to Frank Saxon, president and CEO. “She is well qualified to take on this important role for Culp with a deep understanding of our business and critical insight into managing our most valuable asset—our associates,” Saxon said. “Teresa will be an important member of our management team as
February 2008 From News
High Point, N.C.-based Culp, one of the world’s largest makers of fabrics for mattresses and upholstered furniture, announced Monday that it has named Teresa Huffman vice president of human resources. She has served as assistant vice president of human resources since 2004 and has worked in the Culp’s human resources department since 1986. She reports to Frank Saxon, president and CEO. “She is well qualified to take on this important role for Culp with a deep understanding of our business and critical insight into managing our most valuable asset—our associates,” Saxon said. “Teresa will be an important member of our management team as
Culp Earns $1.55M in Second Quarter
November 2007 From News
Upholstery fabric and mattress ticking supplier Culp reported fiscal second-quarter net earnings of $1.55 million, or 12 cents a share, up from $812,000, or 7 cents a share, during the same quarter last year. The latest results include $503,000 in after-tax restructuring and related charges. Excluding these charges, earnings were $2.1 million. The company posted revenue for the three months ended Oct. 28 of $64.3 million compared with $59 million last year. For the third quarter, sales in the mattress fabrics segment are expected to be up 30 percent to 35 percent, the company said. Sales in the upholstery fabrics segment, are expected to be down between
November 2007 From News
Upholstery fabric and mattress ticking supplier Culp reported fiscal second-quarter net earnings of $1.55 million, or 12 cents a share, up from $812,000, or 7 cents a share, during the same quarter last year. The latest results include $503,000 in after-tax restructuring and related charges. Excluding these charges, earnings were $2.1 million. The company posted revenue for the three months ended Oct. 28 of $64.3 million compared with $59 million last year. For the third quarter, sales in the mattress fabrics segment are expected to be up 30 percent to 35 percent, the company said. Sales in the upholstery fabrics segment, are expected to be down between
