Culp Announces Results for Second Quarter Fiscal 2025, Highlighted by Sequential Improvement in Mattress Fabrics Performance, Along With Steady Restructuring Progress
Culp, Inc. (CULP)
Last culp, inc. earnings: 3/4 04:15 pm
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Source: Business Wire
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 27, 2024.Fiscal 2025 Second Quarter Financial HighlightsConsolidated net sales of $55.7 millionmattress fabrics segment sales up 7.1 percent sequentially70.7 percent sequential reduction in mattress fabrics operating loss as restructuring progresses; upholstery fabrics segment continues to be profitable in challenging industry environmentGAAP consolidated loss from operations of $(5.4) million (includes $2.8 million in restructuring expense and related charges)Non-GAAP loss from operations of $(2.6) million (see reconciliation table on page 14)Although sequentially improved, operating performance for the quarter was affected by lower sales and manufacturing inefficiencies related to the significant restructuring activity in the mattress fabrics segment$10.5 million in cash, $4.1 million
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CULP
News
- Culp, Inc. (NYSE: CULP) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- Culp, Inc. (NYSE: CULP) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- Culp Announces Results for Second Quarter Fiscal 2025, Highlighted by Sequential Improvement in Mattress Fabrics Performance, Along With Steady Restructuring Progress [Yahoo! Finance]Yahoo! Finance
- Culp, Inc. (NYSE: CULP) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- Culp, Inc. to Webcast Second Quarter Fiscal 2025 Conference CallBusiness Wire
CULP
Earnings
- 6/27/24 - Beat
CULP
Sec Filings
- 12/20/24 - Form 4
- 12/18/24 - Form 4
- 12/12/24 - Form 4
- CULP's page on the SEC website