Articles from Culp, Inc.

Culp, Inc. (NYSECULP) (together with its consolidated subsidiaries, “CULP”) today reported financial and operating results for the second quarter ended October 27, 2024.

Culp, Inc. (NYSECULP) today announced that it will provide an online, real-time webcast and rebroadcast of its second quarter fiscal 2025 conference call on Thursday, December 5, 2024, at 9:00 a.m. ET. During this call, Culp will review the company’s financial and operating results for the second quarter ended October 27, 2024. A press release announcing these results will be issued after the close of market trading on Wednesday, December 4, 2024.

Culp, Inc. (NYSECULP) (together with its consolidated subsidiaries, “CULP”) today reported financial and operating results for the first quarter ended July 28, 2024.

Culp, Inc. (NYSECULP) 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.

Culp, Inc. (NYSECULP) (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.

Culp, Inc. (NYSECULP) (together with its consolidated subsidiaries, “CULP”) today reported financial and operating results for the fourth quarter and fiscal year ended April 28, 2024.

Culp, Inc. (NYSECULP) 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. (the Company) (NYSECULP) today announced that it has entered into a cooperation agreement with 22NW, LP, one of the Company’s largest shareholders.

Culp, Inc. (NYSECULP) (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:

Culp, Inc. (NYSECULP) (together with its consolidated subsidiaries, “CULP”) today reported financial and operating results for the third quarter ended January 28, 2024.

Culp, Inc. (NYSECULP) 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.

Culp, Inc. (NYSECULP) 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, with registration information below.

Culp, Inc. (NYSECULP) (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 transition in 2024, and he will thereafter continue in an advisory role as needed to strategically support the company.

Culp, Inc. (NYSECULP) (together with its consolidated subsidiaries, “CULP”) today reported financial and operating results for the second quarter ended October 29, 2023.

Culp, Inc. (NYSECULP) 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.

Culp, Inc. (NYSECULP) (together with its consolidated subsidiaries, “CULP”) today reported financial and operating results for the first quarter ended July 30, 2023.

Culp, Inc. (NYSECULP) 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.

Culp, Inc. (NYSECULP) 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. (NYSECULP) (together with its consolidated subsidiaries, “CULP”) today reported financial and operating results for the fourth quarter and fiscal year ended April 30, 2023.

Culp, Inc. (NYSECULP) 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, 2023.

Culp, Inc. (NYSECULP) 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.

Culp, Inc. (NYSECULP) (together with its consolidated subsidiaries, “CULP”) today reported financial and operating results for the third quarter ended January 29, 2023.

Culp, Inc. (NYSECULP) 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. (NYSECULP) (together with its consolidated subsidiaries, “CULP”) today reported financial and operating results for the second quarter ended October 30, 2022.

Culp, Inc. (NYSECULP) 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.

Culp, Inc. (NYSECULP) (together with its consolidated subsidiaries, “CULP”) today announced that, based on unaudited preliminary results and current estimates, the company expects net sales of approximately $58 million for the second quarter of fiscal 2023, and expects to report a consolidated operating loss (loss from operations) to be in the range of $(11.7) to $(12.2) million for the second quarter. The consolidated operating loss includes approximately $5 million in inventory impairment charges and loss on the sale of raw material and finished goods inventory associated with the company’s mattress fabrics segment. It also includes approximately $1 million in higher-than-normal inventory markdowns associated with the company’s residential upholstery fabrics business, and approximately $700,000 in restructuring charges related to the rationalization of the upholstery fabric segment’s cut and sew platform in China. These projected results reflect a consolidated operating loss for the quarter that is greater than the company’s previously announced expectations of a consolidated operating loss comparable to the operating loss for the first quarter of fiscal 2023. The company also expects to end the quarter with a higher cash position than the first quarter of fiscal 2023, with approximately $19 million in cash and investments and no outstanding borrowings.

Culp, Inc. (NYSECULP) (together with its consolidated subsidiaries, “CULP”) today reported financial and operating results for the first quarter ended July 31, 2022.

Culp, Inc. (NYSECULP) (together with its consolidated subsidiaries, “CULP”) today announced that Tommy Bruno will be joining the company as Executive Vice President of Culp Home Fashions, effective September 6, 2022. The company also announced the planned retirement of Sandy Brown, President of the Culp Home Fashions division, effective December 31, 2022.

Culp, Inc. (NYSECULP) today announced that it will provide an online, real-time webcast and rebroadcast of its first quarter fiscal 2023 conference call on Thursday, September 1, 2022, 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 31, 2022. A press release announcing these results will be issued after the close of market trading on Wednesday, August 31, 2022.

Culp, Inc. (NYSECULP) today announced the company’s board of directors has approved a change in the executive management structure of the company, effective September 1, 2022.

Culp, Inc. (NYSECULP) (together with its consolidated subsidiaries, “CULP”) today reported financial and operating results for the fourth quarter and fiscal year ended May 1, 2022. The company also announced it has completed the closing of a new three-year secured credit facility with up to $40 million in borrowing availability. This new credit facility replaces the company’s prior $30 million unsecured facility, which was scheduled to expire in August 2022. In addition, the company has suspended the quarterly cash dividend on its common stock and taken other measures to preserve strong liquidity and support CULP’s future growth opportunities in the face of macro-economic headwinds.

Culp, Inc. (NYSECULP) today announced that it will provide an online, real-time webcast and rebroadcast of its fourth quarter and fiscal 2022 conference call on Thursday, June 30, 2022, 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 May 1, 2022. A press release announcing these results will be issued after the close of market trading on Wednesday, June 29, 2022.

Culp, Inc. (NYSECULP) today announced that the company will participate in the Water Tower Research Fireside Chat Series on Thursday, May 12, 2022, at 1:00 p.m. ET. The event is open to the public, with registration information below.

Culp, Inc. (NYSECULP) (together with its consolidated subsidiaries, “CULP”) today announced that, based on current estimates, the company is lowering its expectations for net sales and income (loss) from operations for the fourth quarter of fiscal 2022 due primarily to COVID-related shutdowns affecting the company’s operations in China and further weakening in domestic mattress industry sales. The company now expects net sales for the fourth quarter to be down significantly as compared to the fourth quarter of fiscal 2021 and expects a consolidated operating loss in the range of $(6.5) million to $(7.5) million for the quarter. The company expects to end the fourth quarter with approximately $10 million in cash and no outstanding borrowings. These updated expectations are based on information available at the time of this press release and reflect certain assumptions by management regarding the duration and projected impact of the shutdowns affecting the company’s operations in China, as well as other business conditions, consumer trends, and geopolitical events, which could differ materially from the assumptions used.

Culp, Inc. (NYSECULP) today announced that it will participate in the Sidoti Virtual Investor Conference taking place March 23 – 24, 2022.

Culp, Inc. (NYSECULP) today announced that the company will participate in the Water Tower Research Fireside Chat Series on Wednesday, March 16, 2022, at 1:00 p.m. ET. The event is open to the public, with registration information below.

Culp, Inc. (NYSECULP) today announced that it will provide an online, real-time webcast and rebroadcast of its third quarter fiscal 2022 conference call on Thursday, March 3, 2022, 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 30, 2022. A press release announcing these results will be issued after the close of market trading on Wednesday, March 2, 2022.

Culp, Inc. (NYSECULP) today announced that it will participate in the Sidoti Virtual Investor Conference taking place December 8 – 9, 2021.

Culp, Inc. (NYSECULP) (together with its consolidated subsidiaries, “CULP”) today reported financial and operating results for the second quarter ended October 31, 2021.

Culp, Inc. (NYSECULP) today announced that it will provide an online, real-time webcast and rebroadcast of its second quarter fiscal 2022 conference call on Thursday, December 2, 2021, 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 31, 2021. A press release announcing these results will be issued after the close of market trading on Wednesday, December 1, 2021.

Culp, Inc. (NYSECULP) (together with its consolidated subsidiaries, “CULP”) today announced that, based on unaudited preliminary results and current estimates, the company expects net sales for the second quarter of fiscal 2022 to be down approximately 11 percent as compared to the first quarter of fiscal 2022, and expects consolidated operating income (income from operations) to be in the range of $1.3 million to $1.6 million for the second quarter. These projected results are lower than the company’s previously announced expectation for net sales and consolidated operating income for the second quarter to be comparable to the first quarter of fiscal 2022.

Culp, Inc. (NYSECULP) today announced the election of John A. Baugh, Kimberly B. Gatling, and Jonathan L. Kelly as members of its Board of Directors following the company’s annual meeting of stockholders held earlier in the day.

Culp, Inc. (NYSECULP) (together with its consolidated subsidiaries, “CULP”) today reported financial and operating results for the first quarter ended August 1, 2021.

Culp, Inc. (NYSECULP) today announced that it will provide an online, real-time webcast and rebroadcast of its first quarter fiscal 2022 conference call on Thursday, September 2, 2021, 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 1, 2021. A press release announcing these results will be issued after the close of market trading on Wednesday, September 1, 2021.

Culp, Inc. (NYSECULP) today announced that the company’s sewn mattress cover production facilities located in Ouanaminthe, Haiti, were not affected by the recent magnitude-7.2 earthquake that occurred in southwestern Haiti, with the epicenter more than 275 miles from Culp’s operations.

Culp, Inc. (NYSECULP) today announced that Ken Bowling, the company’s Executive Vice President and Chief Financial Officer, will participate in the Water Tower Research Fireside Chat Series tomorrow, Tuesday, July 20, 2021, at 1:30 p.m. ET. The event is open to the public, with registration information below.

Culp, Inc. (NYSECULP) today announced that it will participate in the Sidoti Virtual Investor Conference taking place June 23 – 24, 2021.

Culp, Inc. (NYSECULP) (together with its consolidated subsidiaries, “CULP”) today reported financial and operating results from continuing operations for the fourth quarter and fiscal year ended May 2, 2021.

Culp, Inc. (NYSECULP) today announced that it will provide an online, real-time webcast and rebroadcast of its fourth quarter and fiscal 2021 conference call on Thursday, June 17, 2021, 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 May 2, 2021. A press release announcing these results will be issued after the close of market trading on Wednesday, June 16, 2021.

Culp, Inc. (NYSECULP) today announced that Jeff Tsacoumangos has been named Head of Global Strategic Transformation, Supply Chain and Service for Culp Home Fashions (“CHF”), the company’s mattress fabrics division. Tsacoumangos has served as Director of Quality Assurance and Continuous Improvement since 2016, where he has been responsible for oversight of quality and continuous improvement initiatives for CHF’s manufacturing plants. He will continue to report to Sandy Brown, president of CHF.

Culp, Inc. (NYSECULP) today announced that Robert G. Culp, IV, the company’s president and chief executive officer, will participate in the Water Tower Research Fireside Chat Series on Wednesday, April 21, 2021, at 1:00 p.m. ET. The event is open to the public, with registration information below.