Culp, Inc.
Income Statement
| Line Item | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $323.7M | $309.5M | $312.9M | $310.2M | $287.2M | $268.8M | $254.4M | $216.8M |
| Cost of Revenue | $259.1M | $240.3M | $247.7M | $254.6M | $238.3M | $219.3M | $214.7M | $180.0M |
| Gross Profit | $64.6M | $69.2M | $65.1M | $55.6M | $48.9M | $49.5M | $39.7M | $36.8M |
| Gross Margin | 20.0% | 22.4% | 20.8% | 17.9% | 17.0% | 18.4% | 15.6% | 17.0% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $37.2M | $39.2M | $36.8M | $32.8M | $28.7M | $28.4M | $25.0M | $21.1M |
| Operating Income | $27.5M | $30.1M | $28.3M | $22.8M | $20.2M | $21.1M | $14.7M | $15.7M |
| Operating Margin | 8.5% | 9.7% | 9.1% | 7.3% | 7.1% | 7.8% | 5.8% | 7.3% |
| Interest Expense | $94.0K | $0 | — | $64.0K | $427.0K | $632.0K | $780.0K | $881.0K |
| Pretax Income | $26.9M | $29.7M | $27.9M | $23.0M | $19.0M | $20.3M | $14.2M | $15.1M |
| Income Tax Expense | $5.7M | $7.3M | $11.0M | $7.9M | $1.6M | $2.0M | $902.0K | $-1.1M |
| Net Income | $20.9M | $22.3M | $16.9M | $15.1M | $17.4M | $18.3M | $13.3M | $16.2M |
| Net Margin | 6.4% | 7.2% | 5.4% | 4.9% | 6.1% | 6.8% | 5.2% | 7.5% |
| EPS (Basic) | $1.68 | $1.81 | $1.38 | $1.23 | $1.43 | $1.50 | $1.05 | $1.25 |
| EPS (Diluted) | $1.65 | $1.78 | $1.36 | $1.21 | $1.41 | $1.47 | $1.03 | $1.22 |
| Shares Outstanding (Basic) | 12.4M | 12.3M | 12.3M | 12.2M | 12.2M | 12.2M | 12.7M | 13.0M |
| Shares Outstanding (Diluted) | 12.6M | 12.5M | 12.5M | 12.4M | 12.4M | 12.5M | 12.9M | 13.2M |
| Dividends Per Share | — | — | — | — | — | — | — | — |