Culp Inc Q3 2017 Earnings Financial Summary

Culp, Inc. reported third quarter fiscal 2017 net sales of $76.2 million with mattress fabric sales increasing 3.7% offset by upholstery fabric sales declining 11.5%. Net income (GAAP) reached $6.3 million or $0.51 per diluted share, benefiting from a favorable tax rate including a $2.1 million uncertain tax position reversal.