Culp Announces Results for Second Quarter Fiscal 2025, Highlighted by Sequential Improvement in Mattress Fabrics Performance, Along With Steady Restructuring Progress [Yahoo! Finance]
Culp, Inc. (CULP)
Last culp, inc. earnings: 3/4 04:15 pm
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culpinc.gcs-web.com/investor-overview
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Source: Yahoo! Finance
Fiscal 2025 Second Quarter Financial Highlights Consolidated net sales of $55.7 million mattress fabrics segment sales up 7.1 percent sequentially 70.7 percent sequential reduction in mattress fabrics operating loss as restructuring progresses; upholstery fabrics segment continues to be profitable in challenging industry environment GAAP 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 in outstanding borrowings used to fund worldwide working capital and restructuring initiatives net cash position of $6.5 million (see reconciliation table on page 9) Financial Outlook
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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 ProgressBusiness Wire
- 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