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Culp Inc. - CULP STOCK NEWS

Welcome to our dedicated news page for Culp (Ticker: CULP), a resource for investors and traders seeking the latest updates and insights on Culp.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Culp's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Culp's position in the market.

News
Culp Announces Results for Third Quarter Fiscal 2024, With Continued Sequential and Year-Over-Year Operating Improvement
Rhea-AI Summary
Culp, Inc. (NYSE: CULP) reported strong financial results for Q3 of fiscal 2024, with net sales up 15.0% YoY. Gross margin improved to 12.7%, while the company maintained a solid financial position with $12.6 million in cash and no outstanding borrowings. CEO Iv Culp highlighted revenue growth in both mattress and upholstery fabrics segments, despite industry challenges.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.02%
Tags
earnings
-
News
Culp, Inc. to Webcast Third Quarter Fiscal 2024 Conference Call
Rhea-AI Summary
Culp, Inc. (NYSE: CULP) will host a webcast for its Q3 fiscal 2024 results on March 7, 2024. The company is a major player in mattress and upholstery fabrics, serving global clients. The webcast will discuss financial performance and operations, with a press release to follow on March 6, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.83%
Tags
conferences earnings
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News
Culp, Inc. to Participate in Water Tower Research Furniture/Furnishings Virtual Conference 2024
Rhea-AI Summary
Culp, Inc. (NYSE: CULP) will participate in the Water Tower Research Furniture/Furnishings Virtual Conference 2024 on January 17, 2024. The event will feature presentations by residential and commercial furniture manufacturers, wholesalers, and suppliers, focusing on corporate strategies, competitive strengths, and challenges. The webcast of the Company’s presentation will be led by Iv Culp, president and chief executive officer, and Ken Bowling, executive vice president and chief financial officer, available on the Company’s website. Culp, Inc. is a leading marketer of mattress fabrics for bedding and upholstery fabrics for residential and commercial furniture, with manufacturing and sourcing capabilities in the United States, Canada, China, Haiti, Turkey, and Vietnam.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.36%
Tags
conferences
News
Culp Announces Leadership Addition at Culp Upholstery Fabrics, Along With Planned Transition for Division President Boyd Chumbley
Rhea-AI Summary
Culp, Inc. (NYSE: CULP) announced that Mary Beth Hunsberger will be joining the company as Executive Vice President of Culp Upholstery Fabrics, effective January 8, 2024. She brings over two decades of expertise in the home furnishings industry to her new position. The company also announced that it intends for Ms. Hunsberger to succeed Boyd Chumbley in the role of division president in the third quarter of calendar year 2024. Culp, Inc. is one of the world's largest manufacturers and marketers of mattress fabrics for bedding and upholstery fabrics for residential and commercial furniture.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.53%
Tags
none
-
News
Culp Announces Results for Second Quarter Fiscal 2024, With Continued Sequential and Strong Year-Over-Year Operating Improvement and a Solid Financial Position
Rhea-AI Summary
Culp, Inc. (NYSE: CULP) reported financial results for the second quarter ended October 29, 2023. Net sales were $58.7 million, up 0.6% from the prior-year period, with mattress fabrics sales up 19.6% and upholstery fabrics sales down 14.9%. Loss from operations was $(2.2) million, compared to $(11.9) million in the prior year. Net loss was $(2.4) million, or $(0.19) per diluted share, compared to $(12.2) million, or $(0.99) per diluted share, for the prior-year period. The company maintained a strong financial position with $15.2 million in cash and no outstanding borrowings.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
9.68%
Tags
earnings
-
News
Culp, Inc. to Webcast Second Quarter Fiscal 2024 Conference Call
Rhea-AI Summary
Culp, Inc. (NYSE: CULP) will provide an online, real-time webcast and rebroadcast of its Q2 fiscal 2024 conference call on December 5, 2023. The call will review the company’s financial and operating results for the quarter ended October 29, 2023. Culp is a leading marketer of mattress fabrics and upholstery fabrics for residential and commercial furniture, with manufacturing and sourcing capabilities in the US, Canada, China, Haiti, Turkey, and Vietnam.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.71%
Tags
conferences earnings
News
Culp Announces Results for First Quarter Fiscal 2024, With Better-than-Expected Operating Improvement and Continued Solid Financial Position
Rhea-AI Summary
Culp, Inc. reports Q1 2024 financial results with net sales of $56.7 million, down 9.5% YoY. Loss from operations was $(3.1) million, improved from $(4.7) million in the prior-year period. Net loss was $(3.3) million, compared to $(5.7) million in the prior-year period. Total cash is $16.8 million with no outstanding borrowings. Adjusted EBITDA was negative $(416,000), better than the prior-year period. CEO expects a better second half performance and a return to operating profitability in fiscal 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.58%
Tags
earnings
-
News
Culp, Inc. to Webcast First Quarter Fiscal 2024 Conference Call
Rhea-AI Summary
Culp, Inc. to provide webcast of Q1 fiscal 2024 conference call on August 31, 2023
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.26%
Tags
conferences earnings
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News
Culp Announces 2023 Annual Meeting Date
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.72%
Tags
none
News
Culp Announces Results for Fourth Quarter and Fiscal 2023, Ends Year With Quarterly Sales and Operating Improvement and Higher Cash Position
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.62%
Tags
earnings
Stock CULP logo
Culp Inc.

NYSE:CULP

CULP Rankings

#4642 Ranked by Market Cap
#1247 Ranked by Stock Gains
N/A Ranked by Dividends

CULP Stock Data

55.37M
9.68M
6.92%
63.24%
0.09%
Broadwoven Fabric Mills
Manufacturing
Link
US
High Point

About CULP

culp ticking is a company based out of 7209 us-158, stokesdale, north carolina, united states.