Culp Inc. Q2 2017 Earnings Summary

Culp, Inc. reported second quarter fiscal 2017 net sales of $75.3 million with pre-tax income up 16.5% to $7.2 million. The company increased its quarterly dividend by 14% and maintained $47.4 million in cash with no outstanding credit lines. Year-to-date performance showed net sales of $156.0 million with a 15.9% increase in pre-tax income and 34% annualized return on capital.