Every 8-K that Culp Inc (CULP) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow CULP and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full CULP filings page.
Culp, Inc. reported fourth quarter fiscal 2026 net sales of $51.6 million, up 5.8% year over year, with bedding up 12.5% and upholstery down 2.5%. Gross margin was 13.2%, and the company posted a GAAP operating loss of $1.6 million and net loss of $2.2 million.
For full-year fiscal 2026, net sales were $203.5 million, down 4.6%, while the GAAP operating loss improved to $7.2 million from $18.4 million. Net loss narrowed to $10.2 million, or $0.81 per share. Adjusted EBITDA was $(4.7) million, and inventory fell to $47.5 million as of May 3, 2026.
Management highlighted over $20 million in annualized savings from restructuring and platform optimization and disclosed recovery of approximately $7 million in IEEPA tariff refunds in the first quarter of fiscal 2027, expected to significantly reduce net debt from $10.9 million. Guidance calls for modest sequential and year-over-year sales improvement and breakeven to positive adjusted EBITDA for the first quarter of fiscal 2027, excluding tariff refunds.
Culp, Inc. reported third-quarter fiscal 2026 net sales of $47.965 million, down 8.2% from $52.253 million a year earlier, as home furnishings demand remained soft and weather reduced shipping days. Gross profit was $5.323 million, or 11.1% of sales, compared with 12.1% last year.
The company posted a net loss of $3.432 million, or $0.27 per diluted share, an improvement from a $4.126 million loss, or $0.33 per share. For the first nine months, net loss narrowed to $7.969 million from $17.031 million, helped by restructuring credits and cost actions.
Bedding segment sales were $27.283 million, down 4.7%, while upholstery sales were $20.682 million, down 12.4%. As of February 1, 2026, Culp held $9.687 million in cash, $18.533 million of debt and total liquidity of about $27.7 million, with adjusted free cash flow of negative $1.030 million for the nine-month period.
Management highlighted completion of major integration and restructuring initiatives, expects sequential sales growth and better margins in the fourth quarter, and noted potential but uncertain reimbursement of an estimated six to seven million dollars of previously paid IEEPA tariffs.
Culp, Inc. plans to move its stock exchange listing from the New York Stock Exchange to the Nasdaq Capital Market. Acting under board authorization, the company notified the NYSE of a voluntary withdrawal of its common stock listing.
Trading in Culp’s common stock is expected to end on the NYSE at market close on March 5, 2026, and begin on Nasdaq at market open on March 6, 2026. The shares have been approved for listing on Nasdaq and will continue to trade under the ticker symbol “CULP”.
Management describes Nasdaq as a listing venue more closely aligned with companies it considers peers and expects a seamless transition for shareholders, while acknowledging typical forward-looking risks such as potential timing delays or market disruptions during the transfer.
Culp, Inc. reported that its Board of Directors elected Mark Wilson as a director, effective immediately, to fill the vacancy created by the December 11, 2025 resignation of Alexander B. Jones. Wilson is General Counsel for 22NW Fund, LP, a party to Culp’s June 6, 2025 Cooperation Agreement, and his election and planned nomination for re-election at the 2026 annual meeting are made pursuant to that agreement.
The Board determined that Wilson is independent under Culp’s Corporate Governance Guidelines and New York Stock Exchange rules and appointed him to the Strategy Committee. As a non-employee director, he will receive an annual cash retainer of $55,000, prorated for fiscal 2026, and is normally entitled to an annual equity grant of restricted stock units with a grant date fair value of $55,000. Because of his election date, he will not receive an equity grant until after the 2026 annual meeting. Culp also plans to enter into its standard Indemnification Agreement with Wilson.
Culp, Inc. reported upcoming leadership changes in its finance organization. Executive Vice President, Chief Financial Officer, Treasurer and principal financial officer Kenneth R. Bowling has notified the company of his plan to retire at the end of calendar year 2026 after approximately 30 years with the company. He will remain in his current role until the earlier of December 31, 2026, or the appointment of his successor, and will receive his current compensation and eligible benefits through December 31, 2026, while assisting with a strategic and orderly transition. The company has begun a comprehensive external search for a new chief financial officer.
Separately, Ronald S. Chandler, Vice President and Corporate Controller and the company’s principal accounting officer, has decided to resign effective February 13, 2026, and will serve in his current role until that date. After his resignation becomes effective, Mr. Bowling will assume the role and responsibilities of principal accounting officer on an interim basis. The company stated that neither Mr. Bowling’s planned retirement nor Mr. Chandler’s resignation is due to any disagreement regarding operations, policies, or practices.
Culp, Inc. filed a Form 8-K to announce that it released its financial results for the second quarter ended November 2, 2025, via a news release furnished as Exhibit 99.1. The company emphasizes extensive use of non-U.S. GAAP measures, including adjusted gross profit, adjusted income (loss) from operations, net debt, adjusted free cash flow, and adjusted EBITDA, each reconciled to GAAP in the release.
These adjustments mainly remove restructuring credits and charges tied to the sale of a mattress fabrics facility in Quebec, Canada and segment integration initiatives, as well as other non-recurring items. Beginning with this quarter, Culp also modified its adjusted EBITDA definition to exclude non-cash foreign exchange impacts, aiming to focus on operational performance. Management uses these non-GAAP metrics to evaluate the business, guide cash decisions, and as inputs to incentive-based executive compensation, while cautioning they are not substitutes for GAAP results.
Culp, Inc. held its annual shareholder meeting on September 24, 2025. Shareholders elected eight directors to serve until the 2026 annual meeting or until their successors are elected and qualified. Support levels for the nominees were strong, with votes for each director ranging from 7,380,496 to 9,204,490 shares.
Shareholders also ratified Grant Thornton LLP as the company’s independent auditors for fiscal 2026, with 10,681,598 votes for, 13,623 against, and 16,474 abstentions. In addition, investors approved, on an advisory basis, the company’s executive compensation, with 7,489,641 votes for, 1,677,090 against, 68,632 abstentions, and 1,476,332 broker non-votes.
Culp, Inc. filed a current report describing a news release issued on September 10, 2025 announcing financial results for its first quarter ended August 3, 2025. The release, attached as Exhibit 99.1, is furnished rather than filed for Exchange Act purposes.
The company explains several non‑GAAP measures used alongside U.S. GAAP results. These include adjusted income (loss) from operations, net debt, adjusted free cash flow, and adjusted EBITDA. Culp outlines how each metric is calculated, why management uses it to evaluate performance and liquidity, and cautions that these measures should not be viewed in isolation or as substitutes for GAAP figures.
Culp, Inc. (NYSE: CULP) filed an 8-K dated June 25, 2025 to furnish fourth-quarter and fiscal-year 2025 results and to disclose an updated restructuring plan. The filing itself contains no financial figures; instead, management has attached two exhibits: (1) a news release with detailed GAAP and non-GAAP results (Exhibit 99.1) and (2) a restructuring presentation (Exhibit 99.2).
Key disclosures
- Item 2.02: The news release provides adjusted loss from operations, adjusted EBITDA, net debt, free cash flow, and return on capital employed. Management explains each metric and provides GAAP reconciliations in the exhibit.
- Restructuring actions: Culp is discontinuing mattress-fabric production in Québec, consolidating Haitian sewn-cover operations into a single facility, relocating upholstery-equipment from Tennessee to North Carolina, and rationalising a finishing plant in Shanghai. Credits and charges tied to the discontinued upholstery-kit line in Ouanaminthe, Haiti, are also highlighted.
- Strategic intent: Management states that the non-recurring charges are designed to streamline the global platform, restore mattress-fabric profitability, and improve capital efficiency across divisions.
- Forward-looking statements: The company reiterates macroeconomic risks (housing starts, consumer confidence, FX rates, freight and raw-material inflation) and notes that many factors are beyond its control.
- Reg FD: The restructuring presentation has been posted to the IR website and may be used in future investor communications.
The information is furnished, not filed, and therefore does not become part of the company’s permanent Exchange Act record unless specifically incorporated by reference.