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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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 second quarter fiscal 2024 conference call on Tuesday, December 5, 2023, at 11:00 a.m. ET. During this call, Culp will review the company's financial and operating results for the second quarter ended October 29, 2023. A press release announcing these results will be issued after the close of market trading on Monday, December 4, 2023. The live webc.

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

Culp, Inc. (NYSE:CULP ) Q1 2024 Earnings Conference Call August 31, 2023 11:00 AM ET Company Participants Dru Anderson - IR Robert Culp - President & CEO Ken Bowling - CFO Tommy Bruno - President, Mattress Fabrics Boyd Chumbley - President, Upholstery Fabrics Conference Call Participants Anthony Lebiedzinski - Sidoti & Company Budd Bugatch - Water Tower Research Operator Good morning, and welcome to the Culp, Inc. First Quarter Fiscal 2024 Earnings Conference Call. [Operator Instructions] Please note, this event is being recorded.

Culp, Inc. (CULP) Q1 2024 Earnings Call Transcript

Culp's (CULP) fiscal first-quarter 2024 results reflect tepid segmental performances attributable to housing demand softness and risky macroenvironment. Nonetheless, margin expansion and no outstanding debt partially counterbalanced the quarter.

Culp's (CULP) Q1 Earnings Beat Estimates, Revenues Miss

Culp, Inc. (CULP) came out with a quarterly loss of $0.24 per share versus the Zacks Consensus Estimate of a loss of $0.35. This compares to loss of $0.47 per share a year ago.

Culp, Inc. (CULP) Reports Q1 Loss, Misses 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 first quarter ended July 30, 2023. Fiscal 2024 First Quarter Financial Summary Net sales for the first quarter of fiscal 2024 were $56.7 million, down 9.5 percent compared with the prior-year period, with mattress fabrics sales flat, down 0.5 percent (a solid performance in the face of industry softness), and upholstery fabrics s.

Culp Announces Results for First Quarter Fiscal 2024, With Better-than-Expected Operating Improvement and Continued Solid Financial Position

Operating efficiencies, a favorable product mix and lower costs are likely to have boosted Culp's (CULP) fiscal Q1 performance.

Culp (CULP) to Report Strong Q1 Earnings: Factors to Note

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 2024 conference call on Thursday, August 31, 2023, at 11:00 a.m. ET. During this call, Culp will review the company's financial and operating results for the first quarter ended July 30, 2023. A press release announcing these results will be issued after the close of market trading on Wednesday, August 30, 2023. The live webcast.

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

HIGH POINT, N.C.--(BUSINESS WIRE)--Culp, Inc. (NYSE: CULP) today announced that it will hold its 2023 Annual Meeting of Shareholders on Wednesday, September 27, 2023, at 12:00 p.m. Eastern Time. Additional information will be provided in the company's proxy statement to be filed with the SEC and sent to shareholders. The filed proxy statement will also be available on the investor relations page of the company's website, www.culp.com. Culp, Inc. is one of the world's largest marketers of mattre.

Culp Announces 2023 Annual Meeting Date

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Culp, Inc. (NYSE:CULP ) Q4 2023 Earnings Conference Call June 29, 2023 11:00 AM ET Company Participants Dru Anderson - IR Iv Culp - President & CEO Ken Bowling - CFO Tommy Bruno - President, Mattress Fabrics Boyd Chumbley - President, Upholstery Fabrics Conference Call Participants Anthony Lebiedzinski - Sidoti & Company Rexford Henderson - Water Tower Research Operator Good day, and welcome to the Culp, Inc. Fourth Quarter Fiscal 2023 Earnings Conference Call. All participants will be in listen-only mode.

Culp, Inc. (CULP) Q4 2023 Earnings Call Transcript

Culp, Inc. (CULP) came out with a quarterly loss of $0.38 per share versus the Zacks Consensus Estimate of a loss of $0.45. This compares to loss of $0.49 per share a year ago.

Culp, Inc. (CULP) Reports Q4 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 fourth quarter and fiscal year ended April 30, 2023. Fiscal 2023 Fourth Quarter Financial Summary Net sales for the fourth quarter of fiscal 2023 were $61.4 million, up 7.9 percent compared with the prior-year period, with mattress fabrics sales up 3.1 percent and upholstery fabrics sales up 13.1 percent. Sequentially, net sales.

Culp Announces Results for Fourth Quarter and Fiscal 2023, Ends Year With Quarterly Sales and Operating Improvement and Higher 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 fourth quarter and fiscal 2023 conference call on Thursday, June 29, 2023, 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 30, 2023. A press release announcing these results will be issued after the close of market trading on Wednesday, June 28, 202.

Culp, Inc. to Webcast Fourth Quarter and Fiscal 2023 Conference Call

HIGH POINT, N.C.--(BUSINESS WIRE)--Culp, Inc. (NYSE: CULP) today announced that the company will participate in the Water Tower Research Fireside Chat Series on Tuesday, April 11, 2023, at 2:00 p.m. ET. The event is open to the public, with registration information below. Iv Culp, president and chief executive officer, and Ken Bowling, executive vice president and chief financial officer, will lead a review of CULP's new investor presentation.

Culp, Inc. to Participate in Water Tower Research Fireside Chat Series

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Culp, Inc. (NYSE:CULP ) Q3 2023 Earnings Conference Call March 2, 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, Upholstery Fabrics Conference Call Participants Anthony Lebiedzinski - Sidoti & Company Rexford Henderson - Water Tower Research Operator Good morning, and welcome to the Culp, Inc. Third Quarter Fiscal Year 2023 Earnings Conference Call. All participants will be in a listen-only mode today.

Culp, Inc. (CULP) Q3 2023 Earnings Call Transcript

Culp, Inc. (CULP) delivered earnings and revenue surprises of 8.11% and 1.77%, respectively, for the quarter ended January 2023. Do the numbers hold clues to what lies ahead for the stock?

Culp, Inc. (CULP) Reports Q3 Loss, Misses 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 29, 2023. Fiscal 2023 Third Quarter Financial Summary Net sales were $52.5 million, down 34.6 percent compared with the prior-year period, with mattress fabrics sales down 35.8 percent and upholstery fabrics sales down 33.5 percent compared with the third quarter of last year.

Culp Announces Results for Third Quarter Fiscal 2023

Culp's net sales have not stopped falling since 2018 due to a series of headwinds. Now, inflationary pressures and delays in pricing action are having a huge impact on profit margins.

Culp: Robust Balance Sheet But Watch For Persistent Headwinds

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 2023 conference call on Thursday, March 2, 2023, 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 29, 2023. A press release announcing these results will be issued after the close of market trading on Wednesday, March 1, 2023.

Culp, Inc. to Webcast Third Quarter Fiscal 2023 Conference Call

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Culp, Inc. (NYSE:CULP ) Q2 2023 Earnings Conference Call December 8, 2022 11:00 AM ET Company Participants Dru Anderson - IR Iv Culp - President and CEO Ken Bowling - CFO Boyd Chumbley - President, Upholstery Fabrics Conference Call Participants Rex Henderson - Water Tower Anthony Lebiedzinski - Sidoti & Company Operator Good morning and welcome to the Culp, Inc. Second Quarter Fiscal 2023 Earnings Conference Call. All participants will be in listen-only mode.

Culp, Inc. (CULP) Q2 2023 - 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 second quarter ended October 30, 2022.

Culp Announces Results for Second Quarter Fiscal 2023, Including Inventory Impairments and Markdowns of Inventory and Improved Cash Position

Culp, Inc. (CULP) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Culp, Inc. (CULP) Q2 Earnings Expected to Decline

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 second quarter fiscal 2023 conference call on Thursday, December 8, 2022, at 11:00 a.m. ET. During this call, Culp will review the company's financial and operating results for the second quarter ended October 30, 2022. A press release announcing these results will be issued after the close of market trading on Wednesday, December 7, 2022.

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