Culp Inc CFI Fiscal 2016 Q4 Earnings Summary

Culp, Inc. reported fiscal 2016 results with net sales of $312.9 million and record pre-tax income of $27.9 million, the highest in company history. Mattress fabrics achieved record sales growth of 3.7%, while the company delivered strong free cash flow of $15.2 million and announced a special dividend of $0.21 per share.