Key Developments: Culp Inc (CFI)
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19 Jun 2013
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Latest Key Developments (Source: Significant Developments)
Culp Inc Issues Q1 2014 Guidance In Line With Analysts' Estimates
Culp Inc announced that for the first quarter of 2014, it expects overall sales to be in the range of three percent lower to two percent higher, compared with the previous year's first quarter and Pre-tax income to be in the range of $4.9 million to $5.6 million. The Company reported revenue of $69.18 million in first quarter of 2013. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $69.3 million and pre-tax income of $5.6 million for the first quarter of 2014. Full Article
Culp Inc Increase In Quarterly Cash Dividend
Culp Inc announced that its Board of Directors has approved a 33% increase in payment of a quarterly cash dividend from $0.03 to $0.04 per share, commencing the first quarter of fiscal 2014. The dividend will be paid on July 15, 2013, to shareholders of record as of the close of business on July 1, 2013. Full Article
Culp Inc Issues Q4 2013 Guidance; Revenue Guidance Below Analysts' Estimates; Issues FY 2013 Guidance; Revenue Guidance Below Analysts' Estimates
Culp Inc announced that for fourth quarter of 2013, it expects overall sales to be 4% to 9% lower as compared with the fourth quarter of fiscal 2012 and pre-tax income in the range of $5.2 million to $5.8 million. For fiscal 2013, it expects annual sales to exceed fiscal 2012 annual sales by approximately 5% and pre-tax income in the range of $19.6 million to $20.2 million. The Company reported revenue of $76 million in fourth quarter of 2012 and revenue of $254 million in fiscal 2012. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $78 million and pre-tax income of $5.5 million for fourth quarter of 2013; revenue of $277 million and pre-tax income of $19.9 million for fiscal 2013. Full Article
Culp Inc Declares Regular Quarterly Cash Dividend
Culp Inc announced that its Board of Directors has approved the payment of a quarterly cash dividend of $0.03 per share, to be paid on or about April 15, 2013, to shareholders of record as of the close of business on April 1, 2013. Full Article
Culp Inc Issues Q3 2013 Guidance; Revenue Guidance Above Analysts' Estimates
Culp Inc announced that for third quarter of 2013, it expects sales to be 4% to 9% higher as compared to the third quarter of last year and pre-tax income in the range of $4.0-$4.5 million. The Company reported revenue of $60.45 million in third quarter of 2012. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $62.50 million and pre-tax profit of $4.4 million for the third quarter of 2013. Full Article
Culp Inc Declares Special Cash Dividend
Culp Inc announced that the payment of a special cash dividend of $0.50 per share, and the acceleration of payment of the scheduled January 2013 quarterly cash dividend of $0.03 per share, both payable in December 2012. Full Article
Culp Inc Announces Cash Dividend
Culp Inc announced its Board of Directors has declared a cash dividend of $0.03 per share payable October 15, 2012, to stockholders of record on October 1, 2012. Full Article
Culp Inc Issues Q2 2013 Guidance In Line With Analysts' Estimates
Culp Inc announced that for the second quarter of 2013, it expects overall sales to be up 2% to 6% as compared to the second quarter of 2012 and pre-tax income to be in the range of $3.0 million to $3.7 million. The Company reported revenue of $58.01 million in the second quarter of 2012. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $60 million and pre-tax profit of $3.06 million for the second quarter of 2013. Full Article
Culp, Inc. Issues Q1 2013 Guidance
Culp, Inc. announced that for the first quarter of 2013, it expects overall sales to increase approximately 6% to 11% and Pre-tax income to be in the range of $3.6 million to $4.4 million. Full Article
Culp, Inc. Issues Q3 2012 Guidance; Pre-Tax Income Guidance Below Analysts' Estimates
Culp, Inc. announced that for the third quarter of 2012, it expects sales to be up approximately 2% to 6% from the third quarter of 2011 and pre-tax income to be in the range of $1.9 million to $2.8 million. The Company reported revenues of $51.65 million in the third quarter of 2011. According to I/B/E/S Estimates, analysts were expecting the Company to report revenues of $53.20 million and pre-tax profit of $3.10 million for the third quarter of 2012. Full Article
Earnings vs. 
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