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CULP INC (CULP)

Income Statement Business | Geographic

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsApr-30-23May-01-22May-02-21May-03-20Apr-28-19Apr-29-18Apr-30-17May-01-16
   10-K10-K10-K10-K10-K10-K10-K10-K
Revenues:  
    Mattress Fabrics  111.0152.2157.7131.4145.7192.6190.8186.4
    Upholstery Fabrics  123.9142.7142.0124.8135.7131.1118.7126.4
Total revenues  234.9294.8299.7256.2281.3323.7309.5312.9
            Revenue growth   [+]-20.3%-1.6%17.0%-8.9%-13.1%4.6%-1.1%0.9%
Cost of goods sold  224.0258.7249.9215.7235.6259.1240.3247.7
Gross profit  10.936.149.840.545.864.669.265.1
            Gross margin  4.6%12.2%16.6%15.8%16.3%20.0%22.4%20.8%
Selling, general and administrative     34.433.237.239.236.8
Equity in earnings     -0.1-0.1-0.30.0 
Other operating expenses    38.1-0.1-1.7   
EBITDA   [+]   14.623.035.237.435.2
            EBITDA margin  4.6%12.2%3.9%5.7%8.2%10.9%12.1%11.2%
Depreciation     7.88.17.77.16.7
EBITA  10.936.111.76.714.827.530.328.5
            EBITA margin  4.6%12.2%3.9%2.6%5.3%8.5%9.8%9.1%
Amortization of intangibles     0.60.80.40.20.2
EBIT   [+]10.936.111.76.114.127.230.128.3
            EBIT margin  4.6%12.2%3.9%2.4%5.0%8.4%9.7%9.1%
Non-recurring items   [+]   13.80.8   
Interest income, net   [+]   0.80.80.40.30.1
Other income (expense), net   [+]-39.3-36.4-0.8-0.8-1.3-0.8-0.7-0.5
Pre-tax income  -28.4-0.310.9-7.712.726.929.727.9
Income taxes  3.12.97.7-3.46.55.77.311.0
            Tax rate    70.7%43.7%51.4%21.4%24.7%39.3%
Earnings from continuing ops  -31.5-3.23.2-11.212.120.922.316.9
Earnings from discontinued ops     -17.5-0.6   
Net income  -31.5-3.23.2-28.711.520.922.316.9
            Net margin  -13.4%-1.1%1.1%-11.2%4.1%6.4%7.2%5.4%
   
Basic EPS   [+]($2.57)($0.26)$0.26($0.90)$0.97$1.68$1.81$1.38
Diluted EPS   [+]($2.57)($0.26)$0.26($0.90)$0.97$1.65$1.78$1.36
   
Dividends per share   [+]   $0.41$0.38$0.55$0.51$0.66
   
Shares outstanding (basic)   [+]12.312.212.312.412.512.412.312.3
Shares outstanding (diluted)   [+]12.312.212.312.412.512.612.512.5
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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