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Culp (CULP)
NYSE:CULP
Earnings Data
Report Date
Jun 25, 2025TBA Not Confirmed
Period Ending
2025 (Q4)Consensus EPS Forecast
-0.1Last Year’s EPS
-0.39Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 05, 2025
|% Change Since: -22.31%
|Next Earnings Date:Jun 25, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted significant improvements in operational efficiencies and market share growth in the Mattress Fabrics and hospitality contract businesses, driven by successful restructuring and innovation efforts. However, these positive developments were counterbalanced by a notable decline in overall sales, particularly in the residential upholstery segment, and a continued net loss. The call also addressed the challenges posed by tariff and trade uncertainties.Company Guidance
During the Culp, Inc. Third Quarter Fiscal 2025 Earnings Conference Call, the company provided detailed guidance on its financial outlook and restructuring efforts. Culp reported a sequential improvement in operating results despite macroeconomic challenges, with a 58.3% reduction in operating loss in the Mattress Fabrics segment, building on a 70.7% reduction from the previous quarter. The company achieved near breakeven consolidated adjusted EBITDA for the quarter, marking a $1.1 million improvement sequentially. Culp also highlighted a significant restructuring initiative in the Mattress Fabrics segment, including stopping production at its Canadian facility and relocating equipment to North Carolina. The sale of the Canadian facility is anticipated to generate $6 million to $8 million in cash proceeds. Moreover, Culp is targeting additional annualized savings of approximately $1 million through labor and professional fee cost-saving actions, on top of the $10 million to $11 million from the restructuring plan, and is exploring further strategic actions for fiscal 2026. Despite industry pressures, Culp remains optimistic about gaining market share, particularly in the Mattress Fabrics and hospitality contract fabric businesses, which have shown sequential and year-over-year sales growth.Mattress Fabrics Segment Restructuring Success
Achieved a 58.3% sequential reduction in operating loss in the Mattress Fabrics segment, building on a 70.7% reduction in the previous quarter. Restructuring initiatives have been largely completed, leading to improved efficiencies and cost savings.
Near Breakeven Adjusted EBITDA
Achieved near breakeven consolidated adjusted EBITDA for the quarter with a $1.1 million improvement sequentially compared to last quarter, despite $3.4 million less in sales.
Hospitality Contract Business Growth
Sales for the hospitality contract business increased both year-over-year and sequentially, representing 40% of upholstery fabrics total sales for the quarter.
Successful Product Development and Innovation
Introduced new product capabilities such as quilted mattress covers and patented FR inlay for flame retardant knit products. Expanded window treatment offerings with new hotel brand standards.
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CULP Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CULP Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 05, 2025 | $5.02 | $4.40 | -12.35% |
| Dec 04, 2024 | $5.19 | $4.95 | -4.62% |
| Sep 04, 2024 | $4.94 | $5.08 | +2.83% |
| Jun 27, 2024 | $4.44 | $4.48 | +0.90% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Culp (CULP) report earnings?
Culp (CULP) is schdueled to report earning on Jun 25, 2025, TBA Not Confirmed.
What is Culp (CULP) earnings time?
Culp (CULP) earnings time is at Jun 25, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CULP EPS forecast?
CULP EPS forecast for the fiscal quarter 2025 (Q4) is -0.1.
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