CULP
Culp, Inc.3.6300
-0.0800-2.16%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
45.97MP/E (TTM)
-Basic EPS (TTM)
-0.86Dividend Yield
0%Recent Filings
10-Q
Q3 FY2026 results
Culp's Q3 sales fell 8.2% y/y to $48.0M (derived), with bedding down 4.7% y/y to $27.3M while upholstery dropped 12.4% y/y to $20.7M, yet gross profit held at 11.1% margin versus 12.1% y/y amid restructuring efficiencies. Operating loss narrowed to $3.7M from $3.9M y/y, and YTD net loss slashed 53% to $8.0M on $4M gain from Quebec facility sale. Cash climbed to $9.7M with $13.7M revolver availability, lines at $18.5M. Restructuring wrapped, trimming costs. Tariffs cloud demand.
8-K
Q3 sales down 8%
Culp reported Q3 fiscal 2026 net sales of $48.0M, down 8% from $52.3M, amid home furnishings weakness and a lost shipping week from snowstorms. Gross profit fell to 11.1% while operating loss narrowed to $(3.7)M from $(3.9)M; restructuring wrapped up, trimming fixed costs. Restructuring complete. Q4 sales growth expected despite tariff uncertainty.
8-K
Culp shifts to Nasdaq listing
8-K
Culp adds 22NW counsel to board
Culp elected Mark Wilson, General Counsel for 22NW Fund since 2024, to its Board on January 23, 2026, replacing Alexander B. Jones who resigned December 11, 2025, per the June 2025 Cooperation Agreement. Deemed independent, Wilson joins the Strategy Committee and gets prorated $55,000 cash retainer plus future $55,000 equity grant. Board bolsters activist ties.
8-K
CFO retires end-2026
Culp's CFO Kenneth Bowling plans to retire end of 2026 after 30 years, with orderly transition underway via external search; he'll stay until successor named or December 31. Controller Ronald Chandler resigns February 13, 2026, Bowling assuming interim accounting duties. No disagreements noted. Leadership continuity prioritized.
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