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Circular knitted mattress fabrics producer Culp has reported financial and operating results for the third quarter that ended 27 January 2019. Net sales were US$ 77.2 million, compared with US$ 85.3 million a year ago. On a pre-tax basis, the company reported income of US$ 4.3 million, compared with pre-tax income of US$ 7.5 million for the third quarter of fiscal 2018. The company reported net income (GAAP) of US$ 3.2 million for the third quarter of fiscal 2019, compared with a net loss of US$ 748,000 for the third quarter of fiscal 2018.
