Culp
CULP

$5.04

0.59%

Market Cap: 62.8M

About: Culp Inc manufactures, sources, and markets mattress fabrics and sewn covers used for covering mattresses and box springs and upholstery fabrics including cut and sewn kits used in the production of upholstered furniture. The company has two operating segments Mattress fabrics which generates maximum revenue, and Upholstery fabrics. The mattress fabrics segment, also known as Culp Home Fashions, manufactures and markets mattress fabrics and mattress covers to bedding manufacturers. The upholstery fabrics segment markets fabrics for residential, commercial, and hospitality furniture and also provides window treatment products and installation services for its customers in the hospitality and commercial industries. Geographically, it derives key revenue from the United States of America.

Employees: 1,000

Consumer Discretionary Broadwoven Fabric Mills, Cotton

0

Funds holding %

of 6,702 funds

–

Analysts bullish %

0

News positive %

of 5 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

0.63% more ownership

Funds ownership: 60.62% [Q4 2023] → 61.25% (+0.63%) [Q1 2024]

0% more repeat investments, than reductions

Existing positions increased: 12 | Existing positions reduced: 12

2% less funds holding

Funds holding: 42 [Q4 2023] → 41 (-1) [Q1 2024]

16% less capital invested

Capital invested by funds: $43.8M [Q4 2023] → $36.6M (-$7.2M) [Q1 2024]

33% less first-time investments, than exits

New positions opened: 2 | Existing positions closed: 3

50% less funds holding in top 10

Funds holding in top 10: 2 [Q4 2023] → 1 (-1) [Q1 2024]

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Research analyst outlook

We haven’t received any recent analyst ratings for CULP.

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Financial journalist opinion

Based on 5 articles about CULP published over the past 30 days

Culp Names Mary Beth Hunsberger as President of Culp Upholstery Fabrics

HIGH POINT, N.C.--(BUSINESS WIRE)--Culp, Inc. (NYSE: CULP) (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. Hunsberger brin.

Culp Names Mary Beth Hunsberger as President of Culp Upholstery Fabrics

Culp, Inc. (CULP) Q4 2024 Earnings Call Transcript

Culp, Inc. (NYSE:CULP ) Q4 2024 Earnings Conference Call June 28, 2024 11:00 AM ET Company Participants Dru Anderson - IR Robert Culp - President and CEO Ken Bowling - CFO Tommy Bruno - President of Mattress Fabrics Boyd Chumbley - President, Culp Upholstery Fabric Division Conference Call Participants Brian Gordon - Water Tower Research John Deysher - Pinnacle Operator Good morning, and welcome to the Culp, Incorporated, Fourth Quarter Fiscal 2024 Earnings Conference Call. All participants will be in listen-only mode.

Culp, Inc. (CULP) Q4 2024 Earnings Call Transcript

Zacks Investment Research

CULP Posts Narrower-Than-Expected Q4 Loss, Lags Sales Estimates

CULP's fourth-quarter fiscal 2024 results reflect ongoing macroeconomic headwinds impacting the sales trend of the company across its two reportable businesses. Yet, operational excellence and restructuring initiatives bode well.

CULP Posts Narrower-Than-Expected Q4 Loss, Lags Sales Estimates

Zacks Investment Research

Culp, Inc. (CULP) Reports Q4 Loss, Lags Revenue Estimates

Culp, Inc. (CULP) came out with a quarterly loss of $0.39 per share versus the Zacks Consensus Estimate of a loss of $0.44. This compares to loss of $0.38 per share a year ago.

Culp, Inc. (CULP) Reports Q4 Loss, Lags Revenue Estimates

Culp Announces Results for Fourth Quarter and Fiscal 2024, Provides Update on Restructuring Initiatives

HIGH POINT, N.C.--(BUSINESS WIRE)--Culp, Inc. (NYSE: CULP) (together with its consolidated subsidiaries, “CULP”) today reported financial and operating results for the fourth quarter and fiscal year ended April 28, 2024. Fiscal 2024 Fourth Quarter Financial Summary Net sales for the fourth quarter of fiscal 2024 were $49.5 million, down 19.4 percent compared with the prior-year period, with mattress fabrics sales down 16.1 percent, and upholstery fabrics sales down 22.6 percent. Loss from opera.

Culp Announces Results for Fourth Quarter and Fiscal 2024, Provides Update on Restructuring Initiatives

Zacks Investment Research

CULP Gears Up to Report Q4 Earnings: What's in the Offing?

CULP's fiscal fourth-quarter performance is likely to have reflected softness across the business.

CULP Gears Up to Report Q4 Earnings: What's in the Offing?

Culp, Inc. to Webcast Fourth Quarter and Fiscal 2024 Conference Call

HIGH POINT, N.C.--(BUSINESS WIRE)--Culp, Inc. (NYSE: CULP) 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. to Webcast Fourth Quarter and Fiscal 2024 Conference Call

Alexander B. Jones from 22NW, LP to be Added to the Board and Nominated to Serve on Culp, Inc. Board of Directors at 2024 Annual Shareholders Meeting.

HIGH POINT, N.C.--(BUSINESS WIRE)--Culp, Inc. (the Company) (NYSE: CULP) today announced that it has entered into a cooperation agreement with 22NW, LP, one of the Company's largest shareholders. Pursuant to the agreement, the Company will add Mr. Alexander B. Jones to the board, effectively immediately, and Mr. Jones will serve as a nominee to its slate of directors at the September 2024 Annual Shareholders Meeting. Mr. Jones is a Vice President and Sr. Research Analyst at 22NW where he overse.

Alexander B. Jones from 22NW, LP to be Added to the Board and Nominated to Serve on Culp, Inc. Board of Directors at 2024 Annual Shareholders Meeting.

Culp Announces Broad Restructuring Plan Primarily Focused on Mattress Fabrics Segment, Also Updates Financial Outlook for the Fourth Quarter of Fiscal 2024

HIGH POINT, N.C.--(BUSINESS WIRE)--Culp, Inc. (NYSE: CULP) (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: Consolidating the company's North American mattress f.

Culp Announces Broad Restructuring Plan Primarily Focused on Mattress Fabrics Segment, Also Updates Financial Outlook for the Fourth Quarter of Fiscal 2024

Culp, Inc. (CULP) Q3 2024 Earnings Call Transcript

Culp, Inc. (NYSE:CULP ) Q3 2024 Earnings Conference Call March 7, 2024 11:00 AM ET Company Participants Dru Anderson - IR Iv Culp - President and CEO Ken Bowling - CFO Tommy Bruno - President of Mattress Fabrics Conference Call Participants Budd Bugatch - Water Tower Research Anthony Lebiedzinski - Sidoti & Company Operator Good day and welcome to the Culp Inc. Third Quarter Fiscal 2024 Earnings Conference Call. All participants will be in a listen-only mode.

Culp, Inc. (CULP) Q3 2024 Earnings Call Transcript

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