Culp

Culp, Inc. engages in the design, manufacture, and trade of mattresses and upholstery products. It operates through the Mattress Fabrics and Upholstery Fabrics segments. The Mattress Fabrics segment markets and sells covers and beddings under the Culp Home Fashions brand. The Upholstery Fabrics segment produces and supplies fabrics for residential and commercial manufacturers. The company was founded by Robert G. Culp, Jr. and Robert G. Culp, III in 1972 and is headquartered in High Point, NC.

Earnings data Q3 2021

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Earnings data Q1 2025

Earnings data Q2 2025

CULP reports improved performance and transformation efforts amidst financial challenges

CULP reported improved sales and operating performance, emphasized a strong balance sheet, and highlighted ongoing transformation efforts within its CHF Mattress Fabrics business. However, the company faces challenges with financial losses and limited guidance for the next quarter. Despite this, there are opportunities for potential positive developments in the future.

CULP reports mixed Q2 performance, aims for profitability in H2

CULP reported a mixed performance with a focus on operational improvement and prudent financial management. The company faces challenges related to softer demand and higher operating expenses but aims to achieve profitability in the second half of the year. Opportunities lie in achieving targeted operating incomes and leveraging sales growth for profitability.

Culp (CULP) reports Q3 losses, eyes profitability in 2024

Culp (CULP) faced significant challenges in Q3 2023 with sales decline and operational losses, but maintained a strong balance sheet and focused on profitability.
Strategic initiatives in the CHF Mattress Fabrics business and positive developments in China offer opportunities for future growth and improved performance.
While challenges persist, the company's efforts to enhance liquidity, diversify globally, and improve operational efficiency position it for long-term success.

Culp (CULP) reports resilient Q4 performance and eyes growth opportunities

Culp (CULP) navigated industry challenges in Q4 2023 to deliver improved financial performance. With a focus on maintaining a strong balance sheet and driving growth in Culp Home Fashions, the company is poised for future success despite near-term sales fluctuations.

Culp reports Q1 losses but eyes profitability with strategic growth

Culp, Inc. navigated challenges in soft industry demand, reporting lower net sales and operating losses for Q1 2024.
Despite this, the company showcased strengths in financial management, operational improvements, and profitability in the Upholstery Fabrics segment.
With a focus on leveraging increased sales, reducing costs, and matching industry growth rates, Culp aims for profitability and long-term success.
Management's confidence in achieving specific operating income targets by 2025-2026 signals a strategic vision for sustainable growth and performance.

Culp (CULP) reports strong Q2 performance and optimistic outlook

Culp (CULP) delivered a strong performance in Q2 2024 with notable improvements in sales and operating metrics. Despite challenges in the industry, the company's strategic initiatives and financial discipline have yielded positive results. With a focus on driving profitability and operational excellence, Culp (CULP) is poised for continued growth and success.

Culp (CULP) reports improved Q3 performance amidst revenue challenges

Culp (CULP) navigated challenges in Q3 2024 with improved sales performance in Mattress Fabrics and operational income in Upholstery Fabrics.
The company's strong financial position and focus on profitability strengths position it well for future growth opportunities.
Strategic adjustments and efficiency initiatives are key to overcoming challenges and driving sustainable profitability in the coming quarters.

Culp Reports Q4 Loss, Announces Major Restructuring Plan

Culp's Q4 2024 results reflected ongoing industry challenges, but the company is taking decisive steps to streamline operations and reduce costs through a comprehensive restructuring plan. With no outstanding debt and a focus on operational efficiency and product innovation, Culp aims to stabilize and grow in the challenging market environment.

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Culp, Inc. (NYSE:CULP ) Q1 2025 Earnings Conference Call September 5, 2024 9:00 AM ET Company Participants Dru Anderson - Head of Investor Relations Robert Culp - President and Chief Executive Officer Kenneth Bowling - Chief Financial Officer Mary Beth Hunsberger - President, Culp Upholstery Fabric Division Tommy Bruno - President, Culp Home Fashions Conference Call Participants Brian Gordon - Water Tower Research Operator Good morning, everyone, and welcome to the Culp, Inc. First Quarter Fiscal 2025 Earnings Conference Call. All participants will be in a listen-only mode.

Culp, Inc. (CULP) Q1 2025 Earnings Call Transcript

HIGH POINT, N.C.--(BUSINESS WIRE)--Culp, Inc. (NYSE: CULP) (together with its consolidated subsidiaries, “CULP”) today reported financial and operating results for the first quarter ended July 28, 2024. Fiscal 2025 First Quarter Financial Highlights Consolidated net sales of $56.5 million - up 14.2% compared sequentially to last quarter - sequentially, upholstery fabrics segment sales up 19.7% and inventory down 4.6%, mattress fabrics segment sales up 9.0% and inventory down 8.6% Year-over-year.

Culp Announces Results for First Quarter Fiscal 2025, Highlighted by a 14.2% Sequential Increase in Sales and Stable Cash Position

HIGH POINT, N.C.--(BUSINESS WIRE)--Culp, Inc. (NYSE: CULP) today announced that it will provide an online, real-time webcast and rebroadcast of its first quarter fiscal 2025 conference call on Thursday, September 5, 2024, at 9:00 a.m. ET. During this call, Culp will review the company's financial and operating results for the first quarter ended July 28, 2024. A press release announcing these results will be issued after the close of market trading on Wednesday, September 4, 2024. The live webc.

Culp, Inc. to Webcast First Quarter Fiscal 2025 Conference Call

HIGH POINT, N.C.--(BUSINESS WIRE)--Culp, Inc. (NYSE: CULP) (together with its consolidated subsidiaries, “CULP”) today announced that its board of directors has named Mary Beth Hunsberger as President of Culp Upholstery Fabrics, effective July 27, 2024, following the planned succession of retiring division president, Boyd Chumbley. Hunsberger joined CULP in January 2024 as the Executive Vice President of the division and has worked closely with Chumbley over the past six months. Hunsberger brin.

Culp Names Mary Beth Hunsberger as President of Culp Upholstery Fabrics

Culp, Inc. (NYSE:CULP ) Q4 2024 Earnings Conference Call June 28, 2024 11:00 AM ET Company Participants Dru Anderson - IR Robert Culp - President and CEO Ken Bowling - CFO Tommy Bruno - President of Mattress Fabrics Boyd Chumbley - President, Culp Upholstery Fabric Division Conference Call Participants Brian Gordon - Water Tower Research John Deysher - Pinnacle Operator Good morning, and welcome to the Culp, Incorporated, Fourth Quarter Fiscal 2024 Earnings Conference Call. All participants will be in listen-only mode.

Culp, Inc. (CULP) Q4 2024 Earnings Call Transcript

CULP's fourth-quarter fiscal 2024 results reflect ongoing macroeconomic headwinds impacting the sales trend of the company across its two reportable businesses. Yet, operational excellence and restructuring initiatives bode well.

CULP Posts Narrower-Than-Expected Q4 Loss, Lags Sales Estimates

Culp, Inc. (CULP) came out with a quarterly loss of $0.39 per share versus the Zacks Consensus Estimate of a loss of $0.44. This compares to loss of $0.38 per share a year ago.

Culp, Inc. (CULP) Reports Q4 Loss, Lags Revenue Estimates

HIGH POINT, N.C.--(BUSINESS WIRE)--Culp, Inc. (NYSE: CULP) (together with its consolidated subsidiaries, “CULP”) today reported financial and operating results for the fourth quarter and fiscal year ended April 28, 2024. Fiscal 2024 Fourth Quarter Financial Summary Net sales for the fourth quarter of fiscal 2024 were $49.5 million, down 19.4 percent compared with the prior-year period, with mattress fabrics sales down 16.1 percent, and upholstery fabrics sales down 22.6 percent. Loss from opera.

Culp Announces Results for Fourth Quarter and Fiscal 2024, Provides Update on Restructuring Initiatives

CULP's fiscal fourth-quarter performance is likely to have reflected softness across the business.

CULP Gears Up to Report Q4 Earnings: What's in the Offing?

HIGH POINT, N.C.--(BUSINESS WIRE)--Culp, Inc. (NYSE: CULP) today announced that it will provide an online, real-time webcast and rebroadcast of its fourth quarter and fiscal 2024 conference call on Friday, June 28, 2024, at 11:00 a.m. ET. During this call, Culp will review the company's financial and operating results for the fourth quarter and fiscal year ended April 28, 2024. A press release announcing these results will be issued after the close of market trading on Thursday, June 27, 2024.

Culp, Inc. to Webcast Fourth Quarter and Fiscal 2024 Conference Call

HIGH POINT, N.C.--(BUSINESS WIRE)--Culp, Inc. (the Company) (NYSE: CULP) today announced that it has entered into a cooperation agreement with 22NW, LP, one of the Company's largest shareholders. Pursuant to the agreement, the Company will add Mr. Alexander B. Jones to the board, effectively immediately, and Mr. Jones will serve as a nominee to its slate of directors at the September 2024 Annual Shareholders Meeting. Mr. Jones is a Vice President and Sr. Research Analyst at 22NW where he overse.

Alexander B. Jones from 22NW, LP to be Added to the Board and Nominated to Serve on Culp, Inc. Board of Directors at 2024 Annual Shareholders Meeting.

HIGH POINT, N.C.--(BUSINESS WIRE)--Culp, Inc. (NYSE: CULP) (together with its consolidated subsidiaries, “CULP”) today announced a major restructuring plan designed to reduce costs, improve asset utilization, and drive performance and profitable growth. This plan, which is being implemented primarily in the company's mattress fabrics segment and, to a lesser extent, in its upholstery fabrics segment, includes the following strategic actions: Consolidating the company's North American mattress f.

Culp Announces Broad Restructuring Plan Primarily Focused on Mattress Fabrics Segment, Also Updates Financial Outlook for the Fourth Quarter of Fiscal 2024

Culp, Inc. (NYSE:CULP ) Q3 2024 Earnings Conference Call March 7, 2024 11:00 AM ET Company Participants Dru Anderson - IR Iv Culp - President and CEO Ken Bowling - CFO Tommy Bruno - President of Mattress Fabrics Conference Call Participants Budd Bugatch - Water Tower Research Anthony Lebiedzinski - Sidoti & Company Operator Good day and welcome to the Culp Inc. Third Quarter Fiscal 2024 Earnings Conference Call. All participants will be in a listen-only mode.

Culp, Inc. (CULP) Q3 2024 Earnings Call Transcript

Despite the ongoing demand softness, Culp's (CULP) third-quarter fiscal 2024 results benefit from strong contribution and improved pricing and margin across segments.

Culp's (CULP) Q3 Earnings Miss Estimates, Revenues Beat

Culp, Inc. (CULP) came out with a quarterly loss of $0.26 per share versus the Zacks Consensus Estimate of a loss of $0.16. This compares to loss of $0.68 per share a year ago.

Culp, Inc. (CULP) Reports Q3 Loss, Tops Revenue Estimates

HIGH POINT, N.C.--(BUSINESS WIRE)--Culp, Inc. (NYSE: CULP) (together with its consolidated subsidiaries, “CULP”) today reported financial and operating results for the third quarter ended January 28, 2024. Fiscal 2024 Third Quarter Financial Summary Net sales for the third quarter of fiscal 2024 were $60.4 million, up 15.0 percent compared with the prior-year period, with mattress fabrics sales up 21.6 percent, and upholstery fabrics sales up 9.2 percent. Gross margin for the third quarter of f.

Culp Announces Results for Third Quarter Fiscal 2024, With Continued Sequential and Year-Over-Year Operating Improvement

Strong market position, innovative product offerings and resilient global manufacturing and sourcing platform will likely aid Culp's (CULP) third-quarter fiscal 2024 performance.

Culp (CULP) to Report Q3 Earnings: Here's What to Expect

HIGH POINT, N.C.--(BUSINESS WIRE)--Culp, Inc. (NYSE: CULP) today announced that it will provide an online, real-time webcast and rebroadcast of its third quarter fiscal 2024 conference call on Thursday, March 7, 2024, at 11:00 a.m. ET. During this call, Culp will review the company's financial and operating results for the third quarter ended January 28, 2024. A press release announcing these results will be issued after the close of market trading on Wednesday, March 6, 2024. The live webcast.

Culp, Inc. to Webcast Third Quarter Fiscal 2024 Conference Call

HIGH POINT, N.C.--(BUSINESS WIRE)--Culp, Inc. (NYSE: CULP) today announced that the company will participate in the Water Tower Research Furniture/Furnishings Virtual Conference 2024 on Wednesday, January 17, 2024. The event will showcase a full day of presentations by residential and commercial furniture manufacturers, wholesalers, and suppliers. These presentations and fireside chats will focus on corporate strategies, competitive strengths, and challenges. The event is open to the public, wi.

Culp, Inc. to Participate in Water Tower Research Furniture/Furnishings Virtual Conference 2024

HIGH POINT, N.C.--(BUSINESS WIRE)--Culp, Inc. (NYSE: CULP) (together with its consolidated subsidiaries, “CULP”) today announced that Mary Beth Hunsberger will be joining the company as Executive Vice President of Culp Upholstery Fabrics, effective January 8, 2024. The company also announced that it intends for Ms. Hunsberger to succeed Boyd Chumbley in the role of division president in the third quarter of calendar year 2024. Mr. Chumbley will work with Ms. Hunsberger during a period of transi.

Culp Announces Leadership Addition at Culp Upholstery Fabrics, Along With Planned Transition for Division President Boyd Chumbley

Culp, Inc. (NYSE:CULP ) Q2 2024 Results Conference Call December 5, 2023 11:00 AM ET Company Participants Dru Anderson - Investor Relations Iv Culp - President and Chief Executive Officer Ken Bowling - Chief Financial Officer Boyd Chumbley - President of Upholstery Fabrics Tommy Bruno - President of Mattress Fabrics Conference Call Participants Budd Bugatch - Water Tower Research Anthony Lebiedzinski - Sidoti Operator Good day. And welcome to the Culp, Inc. Second Quarter Fiscal 2024 Earnings Conference Call [Operator Instructions].

Culp, Inc. (CULP) Q2 2024 Earnings Call Transcript

Despite the ongoing demand softness, Culp's (CULP) fiscal second-quarter 2024 results benefit from strong Mattress Fabrics segment contribution and improved pricing and margin.

Culp's (CULP) Q2 Earnings & Revenues Beat Estimates, Stock Up

Culp, Inc. (CULP) came out with a quarterly loss of $0.19 per share versus the Zacks Consensus Estimate of a loss of $0.20. This compares to loss of $0.99 per share a year ago.

Culp, Inc. (CULP) Reports Q2 Loss, Tops Revenue Estimates

HIGH POINT, N.C.--(BUSINESS WIRE)--Culp, Inc. (NYSE: CULP) (together with its consolidated subsidiaries, “CULP”) today reported financial and operating results for the second quarter ended October 29, 2023. Fiscal 2024 Second Quarter Financial Summary Net sales for the second quarter of fiscal 2024 were $58.7 million, up 0.6 percent compared with the prior-year period, with mattress fabrics sales up 19.6 percent, and upholstery fabrics sales down 14.9 percent. Loss from operations was $(2.2) mi.

Culp Announces Results for Second Quarter Fiscal 2024, With Continued Sequential and Strong Year-Over-Year Operating Improvement and a Solid Financial Position

Softened demand in the domestic mattress and residential home furnishings industries and inflationary pressure are likely to affect Culp's (CULP) Q2 performance.

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