CULP Posts Narrower-Than-Expected Q4 Loss, Lags Sales Estimates [Yahoo! Finance]
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Culp, Inc. (CULP)
Last culp, inc. earnings: 3/4 04:15 pm
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US:NYSE Investor Relations:
culpinc.gcs-web.com/investor-overview
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Source: Yahoo! Finance
On a year-over-year basis, net sales declined and the adjusted loss widened. The quarterly results reflect softness in industry demand for both the company's reportable businesses due to ongoing macroeconomic headwinds and the timing of orders, due to many larger customers experiencing prolonged conditions beginning in January. That said, its initiatives to bring down manufacturing costs and execute operational excellence aided the bottom line to some extent. Going forward, Culp intends to work on its restructuring plan, primarily focusing on its mattress fabrics segment. The company also believes that the full-blown implementation of these plans will enable it to grow more efficiently and profitably, with a lower level of fixed costs. Also, it will be able to optimize its global mix of manufacturing capabilities and long-term sourcing partners. Inside the Numbers In the fiscal fourth quarter, the company incurred an adjusted loss of 39 cents per share, narrower than the Zacks
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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. (CULP) Reports Q4 Loss, Lags Revenue Estimates [Yahoo! Finance]Yahoo! Finance
- Culp Announces Results for Fourth Quarter and Fiscal 2024, Provides Update on Restructuring Initiatives [Yahoo! Finance]Yahoo! Finance
- Culp Announces Results for Fourth Quarter and Fiscal 2024, Provides Update on Restructuring InitiativesBusiness Wire
- Culp, Inc. to Webcast Fourth Quarter and Fiscal 2024 Conference Call [Yahoo! Finance]Yahoo! Finance
CULP
Earnings
- 6/27/24 - Beat
CULP
Sec Filings
- 6/27/24 - Form 8-K
- 6/21/24 - Form 11-K
- 6/20/24 - Form 3
- CULP's page on the SEC website