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 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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General Electric

General Electric Company (GE) CEO Larry Culp on Q4 2020 Results - Earnings Call Transcript

HIGH POINT, N.C.--(BUSINESS WIRE)--Culp, Inc. (NYSE: CULP) today announced that management will participate in the Sidoti Winter 2021 Virtual Conference to be held January 13 – 14, 2021. The group investor presentation by Robert G. Culp, IV, president and chief executive officer, and Ken Bowling, executive vice president, chief financial officer, and treasurer, will begin at 11:30 a.m. Eastern time on Wednesday, January 13, 2021, and will be available to investors via a live webinar. To view th

Culp, Inc. to Participate in Sidoti Winter 2021 Virtual Conference

Culp, Inc. (CULP) CEO Iv Culp on Q2 2021 Results - Earnings Call Transcript

Shares of Culp (NYSE:CULP) were flat after the company reported Q2 results. Quarterly Results Earnings per share increased 0.00% over the past year to $0.19, which beat the estimate of $0.14.

Culp: Q2 Earnings Insights

HIGH POINT, N.C.--(BUSINESS WIRE)--Culp, Inc. (NYSE: CULP) today reported financial and operating results for the second quarter ended November 1, 2020. Fiscal 2021 Second Quarter Financial Summary(1) Net sales were $76.9 million, up 10.5 percent over the prior-year period, with mattress fabric sales up 12.2 percent and upholstery fabric sales up 8.7 percent compared with the second quarter of last year. Pre-tax income from continuing operations improved sequentially to $3.9 million, which incl

Culp Announces Results for Second Quarter Fiscal 2021

HIGH POINT, N.C., Nov. 24, 2020 (GLOBE NEWSWIRE) -- Culp, Inc. (NYSE: CULP) today announced that it will provide an online, real-time webcast and rebroadcast of its second quarter fiscal 2021 conference call on Friday, December 4, 2020, at 11:00 a.m. ET.  During this call, Culp will review the company's financial and operating results for the second quarter ended November 1, 2020.  A press release announcing these results will be issued after the close of market trading on Thursday, December 3, 2020.

Culp, Inc. to Broadcast Second Quarter Fiscal 2021 Conference Call Live on the Internet

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General Electric Company (GE) CEO Larry Culp on Q3 2020 Results - Earnings Call Transcript

Culp, Inc. (CULP) CEO Iv Culp on Q1 2021 Results - Earnings Call Transcript

HIGH POINT, N.C.--(BUSINESS WIRE)---- $CULP--Culp, Inc.

Culp Announces Results and Strengthened Liquidity for First Quarter Fiscal 2021, Announces Quarterly Dividend

Culp (NYSE: CULP) announces its next round of earnings this Wednesday, September 02.

Earnings Preview for Culp

HIGH POINT, N.C., Aug.  28, 2020  (GLOBE NEWSWIRE) -- Culp, Inc. (NYSE: CULP) today announced that it will provide an online, real-time webcast and rebroadcast of its first quarter fiscal 2021 conference call on Thursday, September 3, 2020, at 11:00 a.m. ET.  During this call, Culp will review the company’s financial and operating results for the first quarter ended August 2, 2020.  A press release announcing these results will be issued after the close of market trading on Wednesday, September 2, 2020.

Culp, Inc. to Broadcast First Quarter Fiscal 2021 Conference Call Live on the Internet

Culp Announces Improved Profitability and Liquidity Expectations for First Quarter Fiscal 2021 and Anticipated Impact of Final GILTI Tax Regulations

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Culp, Inc. (CULP) CEO Iv Culp on Q4 2020 Results - Earnings Call Transcript

Buy Culp Inc. Following Earnings-Related Sell-Off As Business Recovery Is Well On Its Way

HIGH POINT, N.C.--(BUSINESS WIRE)---- $CULP--Culp, Inc. (NYSE: CULP) today reported financial and operating results for the fourth quarter and fiscal year ended May 3, 2020, which were severely affected by the coronavirus (“COVID-19”) pandemic and included non-cash asset impairment charges in connection with the related business disruption. Also, in support of a comprehensive liquidity focus, Culp sold its majority interest in eLuxury, LLC (“eLuxury”) on March 31, 2020, resulting in the elimination of th

Culp Announces Results for Fourth Quarter and Fiscal 2020, Provides Current Business Improvement and Liquidity Update, Announces Quarterly Dividend

Culp (NYSE: CULP) shares are trading higher on Friday. Stifel upgraded the stock from Hold to Buy and raised its price target from $8 to $13 per share.

Why Culp's Stock Is Trading Higher Today

The stock has taken an absolute nosedive, down almost 90% since its 2016 high, and also down 55% since the beginning of the year

Investment Note: Culp

Culp Inc.: Not A Good Business But The Market Is Overly Pessimistic

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Culp, Inc. (CULP) CEO Robert Culp on Q3 2020 Results - Earnings Call Transcript

Culp, Inc. (CULP) CEO Frank Saxon on Q2 2020 Results - Earnings Call Transcript

Culp, Inc. (CULP) CEO Frank Saxon on Q1 2020 Results - Earnings Call Transcript

News for Culp Stock (CULP)