Top 15 fabric mills

Article Abstract:

Furniture/Today lists the top 15 fabric mills by 1997 non-automotive revenues. Joan Fabrics of Tyngsboro, MA, ranks No. 1, with $625 million in non-automotive revenue in 1997. Ranking No. 2 is Culp of High Point, NJ, with $500 million in non-automotive revenue; then Microfibres of Winston-Salem, NC, with $275 million. Other companies included in the list are Burlington House Upholstery Fabrics of Burlington, NC; Quaker Fabric of Fall River, MA; Johnston Industries of Columbus, GA; Blumenthal of New Orleans, LA; Hoffman of New York; Valdese Weavers of Valdese, NC; Chatham of Elkin, NC; Sunbury of New York; Weave of Hackensack, NJ; Dicey Fabrics of Shelby, NC; Craftex Mills of Blue Bell, PA; and Malden Mills of Lawrence, MA.

Comment:

Ranks No. 3 fabric mill, with $275 million in non-automotive revenue in 1997

Hat, Cap, and Millinery Manufacturing, Fabric Millinery, Joan Fabrics Corp., Women's hats, Culp, Microfibres Inc.

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Accounting fix may cut Guilford Mills income

Article Abstract:

Guilford Mills, a fabric supplier, has discovered accounting anomalies at its Hoffman Lace division. The Cobbleskill, NY-based division manufactures lace and home furnishings products such as sheets, comforters as well as window treatments. Guilford may have overstated its expected earnings resulting in 1998 after-tax earnings ending Sep. 27, 1998, to be reduced by $2.9 million to $4.4 million equivalent to between 11 cents and 17 cents per share. The accounting anomalies reportedly relate to 'inappropriate reductions of certain material costs' as well as a 'corresponding understatement of accounts payable' for the division during its fiscal 1998 year.

Comment:

Discovers accounting anomalies at its Cobbleskill, NY-based Hoffman Lace division

Financial management, Other Knit Fabric and Lace Mills, Warp Knit Fabrics

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Guilford Mills loses $16.9M as sales sink

Article Abstract:

Guilford Mills posted a net loss of $16.9 million for the second-quarter ending April 1, 2001. The company posted a 21.2% drop in sales for the quarterly period.

Knitting Mills, Knit Goods, Apparel Knitting Mills, GFD

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