| Culp Completes Sale of Canada Manufacturing Facility |
HIGH POINT, N.C.--(BUSINESS WIRE)--Culp, Inc. (NYSE: CULP), a leading provider of fabrics for bedding and upholstery fabrics for residential and commercial furniture, today announced the completion of the sale of its mattress fabric manufacturing facility in Quebec, Canada. The transaction occurred in the first week of the Company's new fiscal year and marks the completion of the restructuring plan announced approximately one year ago. The purchase price for the facility was CA$8.6 million (USD. |
businesswire.com |
2025-05-12 20:15:00 |
Czytaj oryginał (ang.) |
| Culp, Inc. Announces Strategic Transformation of Operating Model Following Completion of Restructuring Initiatives |
HIGH POINT, N.C.--(BUSINESS WIRE)--Culp, Inc. (NYSE: CULP), a leading provider of fabrics for bedding and upholstery fabrics for residential and commercial furniture, today announced the strategic transformation of its operating model to further position the Company for flexibility and growth. The Company will combine its two stand-alone operating divisions, Culp Upholstery Fabrics and Culp Home Fashions, into a single, integrated business designed to optimize operational agility and collaborat. |
businesswire.com |
2025-04-24 13:35:00 |
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| GE Aerospace CEO Culp advocates tariff-free regime for aviation industry |
GE Aerospace CEO Larry Culp said on Tuesday he advocated re-establishing a tariff-free regime for the aerospace industry under the 1979 Civil Aircraft Agreement when he met with U.S. President Donald Trump. |
reuters.com |
2025-04-22 15:16:10 |
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| Culp, Inc (CULP) Q3 2025 Earnings Call Transcript |
Culp, Inc (NYSE:CULP ) Q3 2025 Results Conference Call March 6, 2025 9:00 AM ET Company Participants Dru Anderson - Head of Investor Relations Robert Culp - President and Chief Executive Officer Kenneth Bowling - Chief Financial Officer Tommy Bruno - EVP of Culp Home Fashions Mary Beth Hunsberger - President, Culp Upholstery Fabric Division Conference Call Participants Brian Gordon - Water Tower Research Operator Good day, and welcome to the Culp, Inc. Third Quarter Fiscal 2025 Earnings Conference Call. [Operator Instructions] Please note this event is being recorded. |
seekingalpha.com |
2025-03-06 17:07:06 |
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| Culp Elects New Member to Board of Directors |
HIGH POINT, N.C.--(BUSINESS WIRE)--Culp, Inc. (NYSE: CULP) (“CULP” or the “company”), a leading marketer of mattress fabrics for bedding and upholstery fabrics for residential and commercial furniture, today announced the election of William L. Tyson to its Board of Directors. Mr. Tyson brings to the company over 30 years of experience across the investment banking and capital markets and has served in executive leadership and strategic development roles for some of the largest banks and financ. |
businesswire.com |
2025-03-05 18:20:00 |
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| Culp Announces Results for Third Quarter Fiscal 2025, Highlighted by Continued Improvement in Mattress Fabrics Operating Performance and Execution on Restructuring Initiatives |
HIGH POINT, N.C.--(BUSINESS WIRE)--Culp, Inc. (NYSE: CULP) (together with its consolidated subsidiaries, “CULP” or the "company") today reported financial and operating results for the third quarter ended January 26, 2025. Fiscal 2025 Third Quarter Financial Highlights Consolidated net sales of $52.3 million - Down 6.1 percent compared sequentially to last quarter, with mattress fabrics sales down 4.8 percent and upholstery fabrics sales down 7.8 percent Continued improvement in mattress fabric. |
businesswire.com |
2025-03-05 18:15:00 |
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| Culp, Inc. to Webcast Third Quarter Fiscal 2025 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 third quarter fiscal 2025 conference call on Thursday, March 6, 2025, at 9:00 a.m. ET. During this call, Culp will review the company's financial and operating results for the third quarter ended January 26, 2025. A press release announcing these results will be issued after the close of market trading on Wednesday, March 5, 2025. The live webcast o. |
businesswire.com |
2025-02-28 17:15:00 |
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| Culp, Inc. (CULP) Q2 2025 Earnings Call Transcript |
Culp, Inc. (NYSE:CULP ) Q2 2025 Results Conference Call December 5, 2024 9:00 AM ET Company Participants Dru Anderson - Head of Investor Relations Robert Culp - President and Chief Executive Officer Kenneth Bowling - Chief Financial Officer Mary Beth Hunsberger - President, Culp Upholstery Fabric Division Tommy Bruno - EVP of Culp Home Fashions Conference Call Participants Brian Gordon - Water Tower Research Operator Good morning, everyone, and welcome to the Culp, Inc. Second Quarter Fiscal 2025 Conference Call. All participants will be in a listen-only mode. |
seekingalpha.com |
2024-12-06 04:53:14 |
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| Culp Announces Results for Second Quarter Fiscal 2025, Highlighted by Sequential Improvement in Mattress Fabrics Performance, Along With Steady Restructuring Progress |
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 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 prof. |
businesswire.com |
2024-12-04 18:15:00 |
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| Culp, Inc. to Webcast Second Quarter Fiscal 2025 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 second quarter fiscal 2025 conference call on Thursday, December 5, 2024, at 9:00 a.m. ET. During this call, Culp will review the company's financial and operating results for the second quarter ended October 27, 2024. A press release announcing these results will be issued after the close of market trading on Wednesday, December 4, 2024. The live w. |
businesswire.com |
2024-11-27 14:06:00 |
Czytaj oryginał (ang.) |
| Culp, Inc. (CULP) Q1 2025 Earnings Call Transcript |
Culp, Inc. (NYSE:CULP ) Q1 2025 Earnings Conference Call September 5, 2024 9:00 AM ET Company Participants Dru Anderson - Head of Investor Relations Robert Culp - President and Chief Executive Officer Kenneth Bowling - Chief Financial Officer Mary Beth Hunsberger - President, Culp Upholstery Fabric Division Tommy Bruno - President, Culp Home Fashions Conference Call Participants Brian Gordon - Water Tower Research Operator Good morning, everyone, and welcome to the Culp, Inc. First Quarter Fiscal 2025 Earnings Conference Call. All participants will be in a listen-only mode. |
seekingalpha.com |
2024-09-05 17:19:06 |
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| Culp Announces Results for First Quarter Fiscal 2025, Highlighted by a 14.2% Sequential Increase in Sales and Stable Cash Position |
HIGH POINT, N.C.--(BUSINESS WIRE)--Culp, Inc. (NYSE: CULP) (together with its consolidated subsidiaries, “CULP”) today reported financial and operating results for the first quarter ended July 28, 2024. Fiscal 2025 First Quarter Financial Highlights Consolidated net sales of $56.5 million - up 14.2% compared sequentially to last quarter - sequentially, upholstery fabrics segment sales up 19.7% and inventory down 4.6%, mattress fabrics segment sales up 9.0% and inventory down 8.6% Year-over-year. |
businesswire.com |
2024-09-04 20:15:00 |
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| 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. |
businesswire.com |
2024-07-22 17:44:00 |
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| GE Aerospace extends CEO Culp's contract till end of 2027 |
GE Aerospace said it has extended chief executive Larry Culp's tenure till the end of 2027, with a possibility of further extension by another year, a regulatory filing showed on Monday. |
reuters.com |
2024-07-01 22:16:14 |
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| 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. |
seekingalpha.com |
2024-06-28 18:03:10 |
Czytaj oryginał (ang.) |
| 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. |
zacks.com |
2024-06-28 14:41:21 |
Czytaj oryginał (ang.) |
| 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. |
zacks.com |
2024-06-27 22:26:30 |
Czytaj oryginał (ang.) |
| 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. |
zacks.com |
2024-06-25 17:45:24 |
Czytaj oryginał (ang.) |
| 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. |
businesswire.com |
2024-06-24 18:30:00 |
Czytaj oryginał (ang.) |
| 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. |
businesswire.com |
2024-06-17 20:15:00 |
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| GE Aerospace's Larry Culp declines Boeing's request to take over as CEO, WSJ reports |
GE Aerospace CEO Larry Culp has declined Boeing's request to consider taking over as the U.S. planemaker's top boss, the Wall Street Journal reported on Monday. |
reuters.com |
2024-06-17 18:47:32 |
Czytaj oryginał (ang.) |
| GE CEO Larry Culp Is Giving Away Stock. Why That's a Good Idea. |
GE Aerospace is giving employees stock via its new “takeoff grant.” |
barrons.com |
2024-05-22 12:29:00 |
Czytaj oryginał (ang.) |
| US stocks mixed amid cautious Fed comments, gold shines |
* Gold, copper hit all-time highs* Silver at highest in over 11 years* Fed officials express lack of confidence in inflation cool-down NEW YORK, May 20 (Reuters) - Wall Street was mixed on Monday while gold jumped to an all-time high as investors weighed hawkish statements from the Federal Reserve against evidence of cooling U.S. inflation. The tech-heavy Nasdaq led the pack with a boost from chips , while the blue-chip Dow dipped below 40,000 after closing on Friday above that level for the first time. "The Nasdaq is being led higher by Nvidia, but otherwise they're a little bit stalled," said Jay Hatfield, portfolio manager at InfraCap in New York. "The S&P 500 is 11% above its 200-day moving average, which is pretty extended." "We're in a range-bound market and Nvidia will dominate global equity trading this week." Nvidia is expected to report quarterly results after the bell on Wednesday. Comments from Fed officials have reflected the U.S. central bank's cautious view of its progress in reining in inflation and the timing of interest rate cuts. Fed Vice Chair Philip Jefferson said on Monday it was too early to tell if inflation slowdown is "long lasting," while Vice Chair Michael Barr said restrictive policy needs more time. Atlanta Fed President Raphael Bostic said it will "take a while" for the central back to be confident that price growth is on a sustainable downward path. "The market is irrational; it started the year expecting six interest rate cuts, but then the pendulum swung completely to the other side, and everybody was talking about increases," Hatfield added. "We are probably going to grind higher as long as it's clear the next action is going to be a cut and it's going to happen something this year." The Dow Jones Industrial Average fell 140.95 points, or 0.35%, to 39,862.64, the S&P 500 gained 9.32 points, or 0.18%, at 5,312.59 and the Nasdaq Composite added 111.23 points, or 0.67%, to 16,797.20. European stocks eked out modest gains, held in check by interest rate uncertainty. The pan-European STOXX 600 index rose 0.18% and MSCI's gauge of stocks across the globe gained 0.17%. Emerging market stocks rose 0.14%. MSCI's broadest index of Asia-Pacific shares outside Japan closed 0.19% higher, while Japan's Nikkei rose 0.73%. U.S. Treasury yields edged higher after Fed officials expressed uncertainty over the timing of rate cuts. Benchmark 10-year notes last fell 4/32 in price to yield 4.4355%, from 4.42% late on Friday. The 30-year bond fell 6/32 to yield 4.572%, versus 4.561% late on Friday. The dollar held its own against a basket of world currencies as investors awaited further clues about the path of interest rates. The dollar index rose 0.1%, with the euro down 0.05% to $1.0865. The Japanese yen weakened 0.34% versus the greenback at 156.23 per dollar, while Sterling was last trading at $1.2708, up 0.07% on the day. Crude prices were stable as investors weighed hawkish Fed commentary against signs that inflation is cooling. U.S. crude dipped 0.32% to settle at $79.80 per barrel, while Brent settled at $83.71 per barrel, down 0.32% on the day. Gold touched highs, coasting on last week's encouraging inflation data, while silver reached its highest level in over 11 years. Copper, a barometer of economic sentiment, surged to a record high after China announced steps to shore up its crisis-hit property sector. Spot gold added 0.8% to $2,434.49 an ounce. Copper rose 2.72% to $10,958.50 a tonne.(Reporting by Stephen Culp; Additional reporting by Tom Westbrook in Singapore; Editing by Richard Chang) |
https://www.marketscreener.com |
2024-05-20 19:14:11 |
Czytaj oryginał (ang.) |
| 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. |
businesswire.com |
2024-05-01 20:10:00 |
Czytaj oryginał (ang.) |
| 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. |
seekingalpha.com |
2024-03-07 17:02:06 |
Czytaj oryginał (ang.) |
| Culp's (CULP) Q3 Earnings Miss Estimates, Revenues Beat |
Despite the ongoing demand softness, Culp's (CULP) third-quarter fiscal 2024 results benefit from strong contribution and improved pricing and margin across segments. |
zacks.com |
2024-03-07 15:41:03 |
Czytaj oryginał (ang.) |
| Culp, Inc. (CULP) Reports Q3 Loss, Tops Revenue Estimates |
Culp, Inc. (CULP) came out with a quarterly loss of $0.26 per share versus the Zacks Consensus Estimate of a loss of $0.16. This compares to loss of $0.68 per share a year ago. |
zacks.com |
2024-03-06 20:31:04 |
Czytaj oryginał (ang.) |