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.
- 03/06/2025
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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.
- 03/05/2025
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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.
- 03/05/2025
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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.
- 02/28/2025
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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.
- 12/06/2024
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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.
- 12/04/2024
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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.
- 11/27/2024
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GE Aerospace CEO Larry Culp on supply chain challenges
- GE Aerospace CEO Larry Culp joins 'The Exchange' to discuss supply chain challenges, delays with the 777X, the CFM partnership with Safran, and more.
- 09/10/2024
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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.
- 09/05/2024
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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.
- 09/04/2024
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GE CEO Culp on Earnings, Guidance, Supply Chain Recovery
- General Electric Chairman and CEO Larry Culp discusses second-quarter earnings, improvements in the company's supply chain, the company's relationship with Airbus, and his “101%” certainty of staying at GE. He speaks with Guy Johnson at the Farnborough International Airshow.
- 07/23/2024
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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.
- 07/22/2024
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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.
- 07/01/2024
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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.
- 06/28/2024
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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.
- 06/28/2024
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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.
- 06/27/2024
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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.
- 06/25/2024
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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.
- 06/24/2024
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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.
- 06/17/2024
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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.
- 06/17/2024
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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.”
- 05/22/2024
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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)
- 05/20/2024
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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)
- 05/20/2024
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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.
- 05/01/2024
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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.
- 03/07/2024
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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.
- 03/07/2024
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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.
- 03/06/2024
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Culp Announces Results for Third Quarter Fiscal 2024, With Continued Sequential and Year-Over-Year Operating Improvement
- HIGH POINT, N.C.--(BUSINESS WIRE)--Culp, Inc. (NYSE: CULP) (together with its consolidated subsidiaries, “CULP”) today reported financial and operating results for the third quarter ended January 28, 2024. Fiscal 2024 Third Quarter Financial Summary Net sales for the third quarter of fiscal 2024 were $60.4 million, up 15.0 percent compared with the prior-year period, with mattress fabrics sales up 21.6 percent, and upholstery fabrics sales up 9.2 percent. Gross margin for the third quarter of f.
- 03/06/2024
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Culp (CULP) to Report Q3 Earnings: Here's What to Expect
- Strong market position, innovative product offerings and resilient global manufacturing and sourcing platform will likely aid Culp's (CULP) third-quarter fiscal 2024 performance.
- 03/05/2024
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Culp, Inc. to Webcast Third Quarter 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 third quarter fiscal 2024 conference call on Thursday, March 7, 2024, at 11:00 a.m. ET. During this call, Culp will review the company's financial and operating results for the third quarter ended January 28, 2024. A press release announcing these results will be issued after the close of market trading on Wednesday, March 6, 2024. The live webcast.
- 03/01/2024
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Culp, Inc. to Participate in Water Tower Research Furniture/Furnishings Virtual Conference 2024
- HIGH POINT, N.C.--(BUSINESS WIRE)--Culp, Inc. (NYSE: CULP) today announced that the company will participate in the Water Tower Research Furniture/Furnishings Virtual Conference 2024 on Wednesday, January 17, 2024. The event will showcase a full day of presentations by residential and commercial furniture manufacturers, wholesalers, and suppliers. These presentations and fireside chats will focus on corporate strategies, competitive strengths, and challenges. The event is open to the public, wi.
- 01/10/2024
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Culp Announces Leadership Addition at Culp Upholstery Fabrics, Along With Planned Transition for Division President Boyd Chumbley
- HIGH POINT, N.C.--(BUSINESS WIRE)--Culp, Inc. (NYSE: CULP) (together with its consolidated subsidiaries, “CULP”) today announced that Mary Beth Hunsberger will be joining the company as Executive Vice President of Culp Upholstery Fabrics, effective January 8, 2024. 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. Mr. Chumbley will work with Ms. Hunsberger during a period of transi.
- 01/08/2024
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Culp, Inc. (CULP) Q2 2024 Earnings Call Transcript
- Culp, Inc. (NYSE:CULP ) Q2 2024 Results Conference Call December 5, 2023 11:00 AM ET Company Participants Dru Anderson - Investor Relations Iv Culp - President and Chief Executive Officer Ken Bowling - Chief Financial Officer Boyd Chumbley - President of Upholstery Fabrics Tommy Bruno - President of Mattress Fabrics Conference Call Participants Budd Bugatch - Water Tower Research Anthony Lebiedzinski - Sidoti Operator Good day. And welcome to the Culp, Inc. Second Quarter Fiscal 2024 Earnings Conference Call [Operator Instructions].
- 12/05/2023
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Culp's (CULP) Q2 Earnings & Revenues Beat Estimates, Stock Up
- Despite the ongoing demand softness, Culp's (CULP) fiscal second-quarter 2024 results benefit from strong Mattress Fabrics segment contribution and improved pricing and margin.
- 12/05/2023
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Culp, Inc. (CULP) Reports Q2 Loss, Tops Revenue Estimates
- Culp, Inc. (CULP) came out with a quarterly loss of $0.19 per share versus the Zacks Consensus Estimate of a loss of $0.20. This compares to loss of $0.99 per share a year ago.
- 12/04/2023
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Culp Announces Results for Second Quarter Fiscal 2024, With Continued Sequential and Strong Year-Over-Year Operating Improvement and a Solid Financial 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 second quarter ended October 29, 2023. Fiscal 2024 Second Quarter Financial Summary Net sales for the second quarter of fiscal 2024 were $58.7 million, up 0.6 percent compared with the prior-year period, with mattress fabrics sales up 19.6 percent, and upholstery fabrics sales down 14.9 percent. Loss from operations was $(2.2) mi.
- 12/04/2023
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Culp (CULP) to Report Q2 Earnings: Here's What to Expect
- Softened demand in the domestic mattress and residential home furnishings industries and inflationary pressure are likely to affect Culp's (CULP) Q2 performance.
- 12/01/2023
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Culp, Inc. to Webcast Second Quarter 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 second quarter fiscal 2024 conference call on Tuesday, December 5, 2023, at 11:00 a.m. ET. During this call, Culp will review the company's financial and operating results for the second quarter ended October 29, 2023. A press release announcing these results will be issued after the close of market trading on Monday, December 4, 2023. The live webc.
- 11/27/2023
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Culp, Inc. (CULP) Q1 2024 Earnings Call Transcript
- Culp, Inc. (NYSE:CULP ) Q1 2024 Earnings Conference Call August 31, 2023 11:00 AM ET Company Participants Dru Anderson - IR Robert Culp - President & CEO Ken Bowling - CFO Tommy Bruno - President, Mattress Fabrics Boyd Chumbley - President, Upholstery Fabrics Conference Call Participants Anthony Lebiedzinski - Sidoti & Company Budd Bugatch - Water Tower Research Operator Good morning, and welcome to the Culp, Inc. First Quarter Fiscal 2024 Earnings Conference Call. [Operator Instructions] Please note, this event is being recorded.
- 08/31/2023
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Culp's (CULP) Q1 Earnings Beat Estimates, Revenues Miss
- Culp's (CULP) fiscal first-quarter 2024 results reflect tepid segmental performances attributable to housing demand softness and risky macroenvironment. Nonetheless, margin expansion and no outstanding debt partially counterbalanced the quarter.
- 08/31/2023
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Culp, Inc. (CULP) Reports Q1 Loss, Misses Revenue Estimates
- Culp, Inc. (CULP) came out with a quarterly loss of $0.24 per share versus the Zacks Consensus Estimate of a loss of $0.35. This compares to loss of $0.47 per share a year ago.
- 08/30/2023
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Culp Announces Results for First Quarter Fiscal 2024, With Better-than-Expected Operating Improvement and Continued Solid Financial 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 30, 2023. Fiscal 2024 First Quarter Financial Summary Net sales for the first quarter of fiscal 2024 were $56.7 million, down 9.5 percent compared with the prior-year period, with mattress fabrics sales flat, down 0.5 percent (a solid performance in the face of industry softness), and upholstery fabrics s.
- 08/30/2023
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Culp (CULP) to Report Strong Q1 Earnings: Factors to Note
- Operating efficiencies, a favorable product mix and lower costs are likely to have boosted Culp's (CULP) fiscal Q1 performance.
- 08/28/2023
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Culp, Inc. to Webcast First Quarter 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 first quarter fiscal 2024 conference call on Thursday, August 31, 2023, at 11:00 a.m. ET. During this call, Culp will review the company's financial and operating results for the first quarter ended July 30, 2023. A press release announcing these results will be issued after the close of market trading on Wednesday, August 30, 2023. The live webcast.
- 08/25/2023
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3 Penny Stocks That Will Skyrocket Before 2025
- Penny stocks were the talk of the town back in 2021, especially those in the technology and biotech sectors. However, so far in 2023, most penny stocks have remained dormant with barely any price action to the upside.
- 07/17/2023
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Culp, Inc. (CULP) Reports Q4 Loss, Tops Revenue Estimates
- Culp, Inc. (CULP) came out with a quarterly loss of $0.38 per share versus the Zacks Consensus Estimate of a loss of $0.45. This compares to loss of $0.49 per share a year ago.
- 06/28/2023
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Culp, Inc. to Webcast Fourth Quarter and Fiscal 2023 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 2023 conference call on Thursday, June 29, 2023, 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 30, 2023. A press release announcing these results will be issued after the close of market trading on Wednesday, June 28, 202.
- 06/23/2023
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GE cancels stock awards for Larry Culp, trimming $14 million off CEO's pay
- General Electric (NYSE:GE) said it canceled stock awards for CEO Larry Culp originally valued at $20 million after the company failed to reach minimum performance thresholds necessary for the executive to take full title to the shares. According to a Wall Street Journal report, the move wiped out $5 million of the $8.2 million in total compensation the company reported for Culp for 2022, as well as a tranche of shares originally valued at $15 million when it was awarded in 2020.
- 03/17/2023
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U.S. Zombie Firms With The Highest Potential Credit Risks
- The Federal Reserve commissioned a study in 2021 to evaluate, "How Many U.S. Zombie Firms and How Consequential?" In the wake of the largest banking collapses since 2008, this article evaluates which firms may most be at risk from a credit event.
- 03/15/2023
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Culp, Inc. (CULP) Q3 2023 Earnings Call Transcript
- Culp, Inc. (NYSE:CULP ) Q3 2023 Earnings Conference Call March 2, 2023 11:00 AM ET Company Participants Dru Anderson - Investor Relations Iv Culp - President and Chief Executive Officer Ken Bowling - Chief Financial Officer Boyd Chumbley - President, Upholstery Fabrics Conference Call Participants Anthony Lebiedzinski - Sidoti & Company Rexford Henderson - Water Tower Research Operator Good morning, and welcome to the Culp, Inc. Third Quarter Fiscal Year 2023 Earnings Conference Call. All participants will be in a listen-only mode today.
- 03/02/2023
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Culp, Inc. (CULP) Reports Q3 Loss, Misses Revenue Estimates
- Culp, Inc. (CULP) delivered earnings and revenue surprises of 8.11% and 1.77%, respectively, for the quarter ended January 2023. Do the numbers hold clues to what lies ahead for the stock?
- 03/01/2023
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Culp: Robust Balance Sheet But Watch For Persistent Headwinds
- Culp's net sales have not stopped falling since 2018 due to a series of headwinds. Now, inflationary pressures and delays in pricing action are having a huge impact on profit margins.
- 02/27/2023
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Culp, Inc. to Webcast Third Quarter Fiscal 2023 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 2023 conference call on Thursday, March 2, 2023, at 11:00 a.m. ET. During this call, Culp will review the company's financial and operating results for the third quarter ended January 29, 2023. A press release announcing these results will be issued after the close of market trading on Wednesday, March 1, 2023.
- 02/24/2023
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New Strong Sell Stocks for February 3rd
- CULP, GOOS and DCOM have been added to the Zacks Rank #5 (Strong Sell) List on February 3, 2023.
- 02/03/2023
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Culp, Inc. (CULP) Q2 2023 - Earnings Call Transcript
- Culp, Inc. (NYSE:CULP ) Q2 2023 Earnings Conference Call December 8, 2022 11:00 AM ET Company Participants Dru Anderson - IR Iv Culp - President and CEO Ken Bowling - CFO Boyd Chumbley - President, Upholstery Fabrics Conference Call Participants Rex Henderson - Water Tower Anthony Lebiedzinski - Sidoti & Company Operator Good morning and welcome to the Culp, Inc. Second Quarter Fiscal 2023 Earnings Conference Call. All participants will be in listen-only mode.
- 12/08/2022
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Culp, Inc. (CULP) Reports Q2 Loss, Tops Revenue Estimates
- Culp, Inc. (CULP) delivered earnings and revenue surprises of 10% and 1.09%, respectively, for the quarter ended October 2022. Do the numbers hold clues to what lies ahead for the stock?
- 12/07/2022
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Culp, Inc. to Webcast Second Quarter Fiscal 2023 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 2023 conference call on Thursday, December 8, 2022, at 11:00 a.m. ET. During this call, Culp will review the company's financial and operating results for the second quarter ended October 30, 2022. A press release announcing these results will be issued after the close of market trading on Wednesday, December 7, 2022.
- 11/29/2022
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Culp: A Cigar Butt Stock With One Last Puff Left
- CULP looks like a cigar butt, a type of company a young Warren Buffett would be interested in. The stock is currently selling at less than half of its book value.
- 10/12/2022
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Culp, Inc. (CULP) Q1 2023 Earnings Call Transcript
- Culp, Inc. (NYSE:CULP ) Q1 2023 Earnings Conference Call August 31, 2021 11:00 AM ET Company Participants Dru Anderson - IR Iv Culp - President and CEO Ken Bowling - CFO Boyd Chumbley - President, Upholstery Fabrics Conference Call Participants Rex Henderson - Water Tower Anthony Lebiedzinski - Sidoti & Company Operator Good day and welcome to the Culp, Inc. First Quarter Fiscal 2023 Earnings Conference Call. All participants will be in listen-only mode.
- 09/01/2022
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Culp, Inc. (CULP) Reports Q1 Loss, Tops Revenue Estimates
- Culp, Inc. (CULP) delivered earnings and revenue surprises of -51.61% and 13.39%, respectively, for the quarter ended July 2022. Do the numbers hold clues to what lies ahead for the stock?
- 08/31/2022
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Culp, Inc. to Webcast First Quarter Fiscal 2023 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 first quarter fiscal 2023 conference call on Thursday, September 1, 2022, at 11:00 a.m. ET. During this call, Culp will review the company's financial and operating results for the first quarter ended July 31, 2022. A press release announcing these results will be issued after the close of market trading on Wednesday, August 31, 2022. The live webca
- 08/26/2022
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Culp, Inc. (CULP) CEO Iv Culp on Q4 2022 Results - Earnings Call Transcript
- Culp, Inc. (NYSE:CULP ) Q4 2022 Earnings Conference Call June 30, 2022 11:00 AM ET Company Participants Dru Anderson - IR Iv Culp - President and CEO Ken Bowling - CFO Boyd Chumbley - President, Upholstery Fabrics Conference Call Participants Budd Bugatch - Water Tower Anthony Lebiedzinski - Sidoti & Company Operator Good morning and welcome to the Culp, Inc. Fourth Quarter Earnings Conference Call. [Operator Instructions] Please note this event is being recorded.
- 06/30/2022
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Culp, Inc. (CULP) Reports Q4 Loss, Tops Revenue Estimates
- Culp, Inc. (CULP) delivered earnings and revenue surprises of -40% and 23.86%, respectively, for the quarter ended April 2022. Do the numbers hold clues to what lies ahead for the stock?
- 06/29/2022
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Culp, Inc. to Webcast Fourth Quarter and Fiscal 2022 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 2022 conference call on Thursday, June 30, 2022, 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 May 1, 2022. A press release announcing these results will be issued after the close of market trading on Wednesday, June 29, 2022.
- 06/14/2022
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Culp, Inc. to Participate in Sidoti Virtual Investor Conference
- HIGH POINT, N.C.--(BUSINESS WIRE)--Culp, Inc. (NYSE: CULP) today announced that it will participate in the Sidoti Virtual Investor Conference taking place March 23 – 24, 2022. Iv Culp, president and chief executive officer, and Ken Bowling, executive vice president, chief financial officer, and treasurer, will deliver a group investor presentation on Wednesday, March 23, 2022, at 8:30 a.m. Eastern time. A live webcast of the presentation will be available to investors at: https://sidoti.zoom.us
- 03/21/2022
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Culp, Inc. (CULP) CEO Iv Culp on Q3 2022 Results - Earnings Call Transcript
- Culp, Inc. (CULP) CEO Iv Culp on Q3 2022 Results - Earnings Call Transcript
- 03/03/2022
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Culp, Inc. (CULP) Reports Q3 Loss, Tops Revenue Estimates
- Culp, Inc. (CULP) delivered earnings and revenue surprises of -125% and 7.41%, respectively, for the quarter ended January 2022. Do the numbers hold clues to what lies ahead for the stock?
- 03/02/2022
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Culp, Inc. to Webcast Third Quarter Fiscal 2022 Conference Call
- HIGH POINT, N.C.--(BUSINESS WIRE)---- $CULP--Culp, Inc. (NYSE: CULP) today announced that it will provide an online, real-time webcast and rebroadcast of its third quarter fiscal 2022 conference call on Thursday, March 3, 2022, at 11:00 a.m. ET. During this call, Culp will review the company's financial and operating results for the third quarter ended January 30, 2022. A press release announcing these results will be issued after the close of market trading on Wednesday, March 2, 2022. The live webcast
- 02/25/2022
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Earnings Preview: Culp, Inc. (CULP) Q3 Earnings Expected to Decline
- Culp, Inc. (CULP) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 02/23/2022
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10 Upcoming Dividend Increases Including The 'Abbotts'
- All stocks have at least five fiscal years of dividend growth history and come from the U.S. Dividend Champions List. They have an average increase of 7.1% and a median increase of 7.2%. I've tracked 21 increases in 2022.
- 01/06/2022
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Culp Inc.: Long-Term Prospects Are Good
- The coronavirus pandemic crisis has come just after the trade conflicts between China and the United States.
- 12/28/2021
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Culp, Inc. (CULP) CEO Iv Culp on Q2 2022 Results - Earning Calls Transcript
- Culp, Inc. (CULP) CEO Iv Culp on Q2 2022 Results - Earning Calls Transcript
- 12/02/2021
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Culp, Inc. (CULP) Q2 Earnings Match Estimates
- Culp, Inc. (CULP) delivered earnings and revenue surprises of 0% and 1.09%, respectively, for the quarter ended October 2021. Do the numbers hold clues to what lies ahead for the stock?
- 12/01/2021
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Is Culp (CULP) Stock Suitable for Value Investors Now?
- Let's see if Culp (CULP) stock is a good choice for value-oriented investors right now from multiple angles.
- 11/24/2021
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A Good Time to Buy Textile Stocks?
- Textile stocks are worth diving into today. Let me tell you why.
- 11/02/2021
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GE Stock Is a Buy Here as Culp's Strategy Starts Paying Off
- Culp has turned GE away from power and toward health care, with strategic acquisitions that should pay off over time. The post GE Stock Is a Buy Here as Culp's Strategy Starts Paying Off appeared first on InvestorPlace.
- 10/01/2021
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Culp, Inc.'s (CULP) CEO Iv Culp on Q1 2022 Results - Earnings Call Transcript
- Culp, Inc.'s (CULP) CEO Iv Culp on Q1 2022 Results - Earnings Call Transcript
- 09/02/2021
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Culp, Inc. (CULP) Q1 Earnings and Revenues Top Estimates
- Culp, Inc. (CULP) delivered earnings and revenue surprises of 38.46% and 7.31%, respectively, for the quarter ended July 2021. Do the numbers hold clues to what lies ahead for the stock?
- 09/01/2021
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Culp Announces Results for First Quarter Fiscal 2022
- 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 August 1, 2021. Fiscal 2022 First Quarter Financial Summary Net sales were $83.0 million, up 28.8 percent over the pandemic-impacted prior-year period, with mattress fabrics sales up 19.3 percent and upholstery fabrics sales up 41.0 percent compared with the first quarter of last year. Income from operations (
- 09/01/2021
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Culp, Inc. to Webcast First Quarter Fiscal 2022 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 first quarter fiscal 2022 conference call on Thursday, September 2, 2021, at 11:00 a.m. ET. During this call, Culp will review the company's financial and operating results for the first quarter ended August 1, 2021. A press release announcing these results will be issued after the close of market trading on Wednesday, September 1, 2021. The live we
- 08/27/2021
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Culp, Inc. (CULP) Earnings Expected to Grow: What to Know Ahead of Q1 Release
- Culp, Inc. (CULP) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 08/25/2021
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Culp, Inc. Confirms Haiti Operations Are Secure Following Recent Earthquake
- HIGH POINT, N.C.--(BUSINESS WIRE)--Culp, Inc. (NYSE: CULP) today announced that the company's sewn mattress cover production facilities located in Ouanaminthe, Haiti, were not affected by the recent magnitude-7.2 earthquake that occurred in southwestern Haiti, with the epicenter more than 275 miles from Culp's operations. Iv Culp, president and chief executive officer of Culp, Inc., commented, “We are extremely thankful that our Haiti operations are secure, and all of Culp's dedicated employees
- 08/16/2021
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3 Stocks to Watch From Promising Textile-Home Furnishing Industry
- U.S. housing market momentum, strategic efforts to boost profits and accretive acquisitions are encouraging for Textile-Home Furnishing industry stocks like MHK, TILE and CULP.
- 08/04/2021
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5 Top Stocks to Buy as Consumer Confidence Stays High
- As consumers are confident about their well-being, they will spend on big-ticket and other discretionary items. This calls for investing in stocks like CULP, Whirlpool (WHR) & Ford (F).
- 07/28/2021
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Culp, Inc. to Participate in Water Tower Research Fireside Chat Series
- HIGH POINT, N.C.--(BUSINESS WIRE)--Culp, Inc. (NYSE: CULP) today announced that Ken Bowling, the company's Executive Vice President and Chief Financial Officer, will participate in the Water Tower Research Fireside Chat Series tomorrow, Tuesday, July 20, 2021, at 1:30 p.m. ET. The event is open to the public, with registration information below. Hosting Mr. Bowling in the Fireside Chat will be Budd Bugatch, Senior Analyst for Water Tower Research. The 30-minute virtual discussion will explore C
- 07/19/2021
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Fast-paced Momentum Stock Culp, Inc. (CULP) Is Still Trading at a Bargain
- Culp, Inc. (CULP) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices.
- 06/29/2021
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Can Culp (CULP) Stock Continue to Grow Earnings?
- If you are looking for a fast-growing stock that is still seeing plenty of opportunities on the horizon, make sure to consider Culp (CULP).
- 06/29/2021
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Culp (CULP): Strong Industry, Solid Earnings Estimate Revisions
- Culp (CULP) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.
- 06/28/2021
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Culp, Inc. to Participate in Sidoti Virtual Investor Conference
- HIGH POINT, N.C.--(BUSINESS WIRE)--Culp, Inc. (NYSE: CULP) today announced that it will participate in the Sidoti Virtual Investor Conference taking place June 23 – 24, 2021. Ken Bowling, executive vice president, chief financial officer, and treasurer, will deliver a group presentation on Wednesday, June 23, 2021, at 8:30 a.m. Eastern time. A live webcast of the presentation will be available to investors at Sidoti Presentation Weblinks. This link may also be found on the Events page of the In
- 06/21/2021
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Culp, Inc. (CULP) CEO Iv Culp on Q4 2021 Results - Earnings Call Transcript
- Culp, Inc. (CULP) CEO Iv Culp on Q4 2021 Results - Earnings Call Transcript
- 06/17/2021
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Culp Announces Results for Fourth Quarter and Fiscal 2021
- HIGH POINT, N.C.--(BUSINESS WIRE)--Culp, Inc. (NYSE: CULP) (together with its consolidated subsidiaries, “CULP”) today reported financial and operating results from continuing operations for the fourth quarter and fiscal year ended May 2, 2021. Fiscal 2021 Fourth Quarter Financial Summary(1) Net sales were $79.1 million, up 67 percent over the prior-year period, with mattress fabrics sales up 84 percent and upholstery fabrics sales up 50 percent compared with the fourth quarter of last year. In
- 06/16/2021
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Culp, Inc. to Webcast Fourth Quarter and Fiscal 2021 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 2021 conference call on Thursday, June 17, 2021, 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 May 2, 2021. A press release announcing these results will be issued after the close of market trading on Wednesday, June 16, 2021.
- 06/14/2021
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Culp, Inc. Announces Promotions for Culp Home Fashions
- HIGH POINT, N.C.--(BUSINESS WIRE)--Culp, Inc. (NYSE: CULP) today announced that Jeff Tsacoumangos has been named Head of Global Strategic Transformation, Supply Chain and Service for Culp Home Fashions (“CHF”), the company's mattress fabrics division. Tsacoumangos has served as Director of Quality Assurance and Continuous Improvement since 2016, where he has been responsible for oversight of quality and continuous improvement initiatives for CHF's manufacturing plants. He will continue to repor
- 05/14/2021
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Culp, Inc. to Participate in Water Tower Research Fireside Chat Series
- HIGH POINT, N.C.--(BUSINESS WIRE)--Culp, Inc. (NYSE: CULP) today announced that Robert G. Culp, IV, the company's president and chief executive officer, will participate in the Water Tower Research Fireside Chat Series on Wednesday, April 21, 2021, at 1:00 p.m. ET. The event is open to the public, with registration information below. Hosting Mr. Culp in the Fireside Chat will be Budd Bugatch, Senior Analyst for Water Tower Research. The 30-minute virtual discussion will focus on Mr. Culp's lead
- 04/19/2021
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Textile-Home Furnishing Industry Looks Great: 3 Stocks to Watch
- Textile-Home Furnishing Industry Looks Great: 3 Stocks to Watch
- 03/25/2021
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Larry Culp's Management Matters At General Electric
- Larry Culp's Management Matters At General Electric
- 03/17/2021
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Sale of Jet-Leasing Unit Makes GE Stronger, CEO Culp Says
- Mar.10 -- General Electric Chairman and CEO Larry Culp says the sale of the company's jet-leasing business to AerCap Holdings for more than $30 billion marks the transformation of GE into a "pure-play industrial." He speaks with Bloomberg's David Westin on "Balance of Power.
- 03/10/2021
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GE CEO Larry Culp on AerCap deal: Cash proceeds will allow us to pay down debt
- General Electric on Wednesday said it reached a deal to combine its jet-leasing business with rival AerCap in a deal valued at $30 billion, a move that would create a massive lessor as the aviation industry struggles through the Covid-19 pandemic and GE moves to reduce its debt load. CNBC's David Faber breaks down his conversation with CEO Larry Culp Wednesday morning about the deal.
- 03/10/2021
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Culp's (CULP) CEO Iv Culp on Q3 2021 Results - Earnings Call Transcript
- Culp's (CULP) CEO Iv Culp on Q3 2021 Results - Earnings Call Transcript
- 03/04/2021
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Culp, Inc. (CULP) Surpasses Q3 Earnings and Revenue Estimates
- Culp, Inc. (CULP) delivered earnings and revenue surprises of 13.33% and 6.36%, respectively, for the quarter ended January 2021. Do the numbers hold clues to what lies ahead for the stock?
- 03/03/2021
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Recap: Culp Q3 Earnings
- Shares of Culp (NYSE:CULP) moved lower in after-market trading after the company reported Q3 results. Quarterly Results Earnings per share decreased 65.31% year over year to $0.17, which beat the estimate of $0.13.
- 03/03/2021
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Culp, Inc. to Broadcast Third Quarter Fiscal 2021 Conference Call Live on the Internet
- HIGH POINT, N.C. , Feb. 26, 2021 (GLOBE NEWSWIRE) -- Culp, Inc. (NYSE: CULP) today announced that it will provide an online, real-time webcast and rebroadcast of its third quarter fiscal 2021 conference call on Thursday, March 4, 2021, at 11:00 a.m. ET. During this call, Culp will review the company's financial and operating results for the third quarter ended January 31, 2021. A press release announcing these results will be issued after the close of market trading on Wednesday, March 3, 2021.
- 02/26/2021
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Charlie Munger on GE CEO Larry Culp: 'If anyone can fix it he can'
- Charlie Munger, Vice Chairman of Berkshire Hathaway, speaks at the Daily Journal Annual Meeting about the directors of GE choosing Larry Culp as CEO. Subscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb About Yahoo Finance: At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life.
- 02/24/2021
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Immelt Doesn't Offer Advice to GE CEO Culp
- Feb.22 -- It's a good thing Jeff Immelt, the former CEO of General Electric, doesn't want to meddle in the affairs of his old company. The current CEO, Larry Culp, shows no interest in his opinion.
- 02/22/2021
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General Electric expects negative cash flow in Q1 2021: CEO Larry Culp
- #GE #GeneralElectric #GEstock Yahoo Finance's Zack Guzman reports on the latest comments from GE CEO Larry Culp regarding the negative cash flow in the Q1 2021 earnings report. Subscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb About Yahoo Finance: At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life.
- 02/16/2021
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General Electric Company (GE) CEO Larry Culp on Q4 2020 Results - Earnings Call Transcript
- General Electric Company (GE) CEO Larry Culp on Q4 2020 Results - Earnings Call Transcript
- 01/26/2021
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GE CEO Larry Culp on the company's 2021 turnaround
- CNBC's Seema Mody reports on her conversation with General Electric Larry Culp after the stock jumped on an earnings beat.
- 01/26/2021
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Culp, Inc. to Participate in Sidoti Winter 2021 Virtual Conference
- HIGH POINT, N.C.--(BUSINESS WIRE)--Culp, Inc. (NYSE: CULP) today announced that management will participate in the Sidoti Winter 2021 Virtual Conference to be held January 13 – 14, 2021. The group investor presentation by Robert G. Culp, IV, president and chief executive officer, and Ken Bowling, executive vice president, chief financial officer, and treasurer, will begin at 11:30 a.m. Eastern time on Wednesday, January 13, 2021, and will be available to investors via a live webinar. To view th
- 01/11/2021
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GE Stock: Can Culp Win a Championship for General Electric?
- CEO Larry Culp has GE stock back to where it started 2020 with strategic deals and layoffs. Can it win the industrial championship in 2021?
- 01/06/2021
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Culp, Inc. (CULP) CEO Iv Culp on Q2 2021 Results - Earnings Call Transcript
- Culp, Inc. (CULP) CEO Iv Culp on Q2 2021 Results - Earnings Call Transcript
- 12/04/2020
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Culp: Q2 Earnings Insights
- Shares of Culp (NYSE:CULP) were flat after the company reported Q2 results. Quarterly Results Earnings per share increased 0.00% over the past year to $0.19, which beat the estimate of $0.14.
- 12/03/2020
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Culp Announces Results for Second Quarter Fiscal 2021
- HIGH POINT, N.C.--(BUSINESS WIRE)--Culp, Inc. (NYSE: CULP) today reported financial and operating results for the second quarter ended November 1, 2020. Fiscal 2021 Second Quarter Financial Summary(1) Net sales were $76.9 million, up 10.5 percent over the prior-year period, with mattress fabric sales up 12.2 percent and upholstery fabric sales up 8.7 percent compared with the second quarter of last year. Pre-tax income from continuing operations improved sequentially to $3.9 million, which incl
- 12/03/2020
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General Electric Company (GE) CEO Larry Culp on Q3 2020 Results - Earnings Call Transcript
- General Electric Company (GE) CEO Larry Culp on Q3 2020 Results - Earnings Call Transcript
- 10/28/2020
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Sleep Number: Don't Sleep On This Stock (NASDAQ:SNBR)
- Sleep Number has significantly beat earnings estimates for the third quarter in a row. The company is gaining market share, improving margins, and consistently innovating.
- 10/20/2020
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Global Automotive Upholstery Market (2020 to 2026) - By Material, Application, and Region - ResearchAndMarkets.com
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Recent Research Study: Non Woven Face Mask Market to be Influenced by Growing End-use Adoption
- Pune, Maharashtra, India, September 25 2020 (Wiredrelease) Prudour Pvt. Ltd –:The “Global Non Woven Face Mask market research report | eTurboNews | Trends | Travel News |
- 09/25/2020
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Culp, Inc. (CULP) CEO Iv Culp on Q1 2021 Results - Earnings Call Transcript
- Culp, Inc. (NYSE:CULP) Q1 2021 Results Conference Call September 3, 2020 11:00 AM ET Company Participants Dru Anderson - Investor Relations Iv Culp - Chief Executive Officer Ken Bowling - Chief Financial Officer Boyd Chumbley - President, Upholstery Fabrics Business Conference Call Participants Bobby Griffin - Raymond James Marco Rodriguez - Stonegate Presentation Operator Good day, everyone, and welcome to Culp's First Quarter 2021 Earnings Conference Call.
- 09/03/2020
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Tracking Prem Watsa's Fairfax Financial Holdings Portfolio - Q2 2020 Update
- Prem Watsa’s 13F portfolio value increased from $1.44B to $1.59B this quarter. Fairfax Financials’ largest three stakes are Atlas Corp., BlackBerry, and Kennedy-Wilson.
- 08/26/2020
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Culp Announces Improved Profitability and Liquidity Expectations for First Quarter Fiscal 2021 and Anticipated Impact of Final GILTI Tax Regulations
- Culp, Inc. (NYSE: CULP) today announced an updated financial outlook, based on unaudited preliminary results and current estimates, for the first quarter of fiscal 2021. The company also announced its expectations for the impact of the final regulations enacted on July 20, 2020, by the U.S. Treasury Department regarding the Global Intangible Low Taxed Income ("GILTI") tax provisions of the U.S. tax code.
- 08/05/2020
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Is Culp, Inc. (NYSE:CULP) Worth US$11.2 Based On Its Intrinsic Value?
- Does the August share price for Culp, Inc. (NYSE:CULP) reflect what it's really worth? Today, we will estimate the...
- 08/05/2020
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$0.01 Earnings Per Share Expected for Culp, Inc. (NYSE:CULP) This Quarter
- Wall Street analysts expect Culp, Inc. (NYSE:CULP) to announce earnings per share (EPS) of $0.01 for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Culp’s earnings, with estimates ranging from $0.00 to $0.02. Culp reported earnings per share of $0.11 during the same quarter last year, which would suggest […]
- 07/16/2020
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Wedge Capital Management L L P NC Boosts Stake in Culp, Inc. (NYSE:CULP)
- Wedge Capital Management L L P NC boosted its stake in Culp, Inc. (NYSE:CULP) by 26.4% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 39,533 shares of the textile maker’s stock after buying an additional 8,257 shares during the quarter. Wedge Capital Management […]
- 07/14/2020
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Dividend Challenger Highlights: Week Of July 12
- A weekly summary of dividend activity for Dividend Challengers. Companies which changed their dividends.
- 07/11/2020
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Dividend Changes: June 27-July 3, 2020
- This article series provides a weekly summary of dividend changes, including dividend increases and dividend cuts or suspensions.
- 07/07/2020
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What Is The Ownership Structure Like For Culp, Inc. (NYSE:CULP)?
- The big shareholder groups in Culp, Inc. (NYSE:CULP) have power over the company. Large companies usually have...
- 07/06/2020
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Dividend Challenger Highlights: Week Of July 5
- A weekly summary of dividend activity for Dividend Challengers. Companies which changed their dividends. Companies with upcoming ex-dividend dates. Companies wi
- 07/05/2020
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Culp, Inc. (CULP) CEO Iv Culp on Q4 2020 Results - Earnings Call Transcript
- Culp, Inc. (NYSE:CULP) Q4 2020 Results Earnings Conference Call July 2, 2020 11:00 AM ET Company Participants Dru Anderson - Investor Relations Iv Culp - CEO Ke
- 07/02/2020
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Culp, Inc. 2020 Q4 - Results - Earnings Call Presentation
- The following slide deck was published by Culp, Inc. in conjunction with their 2020 Q4 earnings call.
- 07/02/2020
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Buy Culp Inc. Following Earnings-Related Sell-Off As Business Recovery Is Well On Its Way
- Mattress and upholstery fabrics manufacturer reports Q4/FY2020 results well below consensus expectations as COVID-19 took its toll on the company's business. Af
- 07/02/2020
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A Peek Into The Markets: US Stock Futures Gain; All Eyes On Jobs Data
- Pre-open movers
U.S. stock futures traded higher in early pre-market trade, after closing on a mixed note in the previous session. Data on nonfarm payrolls for June, international...
- 07/02/2020
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Culp posts wider Q4 loss on retail closures
- Mattress and upholstery fabrics company Culp Inc. reported a net loss of $27.8 million for its fiscal fourth quarter, as the company struggled with...
- 07/01/2020
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CULP INC : Entry into a Material Definitive Agreement, Results of Operations and Financial Condition, Change in Directors or Principal Officers (form 8-K) | MarketScreener
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Culp Announces Results for Fourth Quarter and Fiscal 2020, Provides Current Business Improvement and Liquidity Update, Announces Quarterly Dividend
- Culp, Inc. (NYSE: CULP) today reported financial and operating results for the fourth quarter and fiscal year ended May 3, 2020, which were severely affected by the coronavirus ("COVID-19") pandemic and included non-cash asset impairment charges in connection with the related business disruption. Also, in support of a comprehensive liquidity focus, Culp sold its majority interest in eLuxury, LLC ("eLuxury") on March 31, 2020, resulting in the elimination of the company’s home accessories segment. Accordingly, the financial results for this segment are excluded from the reported financial performance of the company’s continuing operations for the fourth quarter and fiscal 2020 year (and for all prior periods of comparison) and presented as a discontinued operation in the company’s consolidated financial statements.
- 07/01/2020
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Culp, Inc. : annual earnings release | MarketScreener
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Culp, Inc. (NYSE:CULP) Stock Position Lifted by Two Sigma Investments LP
- Two Sigma Investments LP increased its stake in Culp, Inc. (NYSE:CULP) by 42.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 72,839 shares of the textile maker’s stock after purchasing an additional 21,714 shares during the period. Two Sigma Investments […]
- 06/26/2020
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Culp, Inc. : publication des résultats annuels | Zone bourse
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Hedge Funds Have Never Been This Bullish On Culp, Inc. (CULP)
- The financial regulations require hedge funds and wealthy investors that exceeded the $100 million equity holdings threshold to file a report that shows their positions at the end of every quarter. Even though it isn't the intention, these filings to a certain extent level the playing field for ordinary investors. The latest round of 13F […]
- 06/25/2020
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Zacks: Brokerages Anticipate Culp, Inc. (NYSE:CULP) to Announce -$0.16 Earnings Per Share
- Wall Street analysts expect Culp, Inc. (NYSE:CULP) to announce earnings per share of ($0.16) for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Culp’s earnings. The highest EPS estimate is $0.10 and the lowest is ($0.62). Culp posted earnings per share of ($0.11) during the same quarter last year, which […]
- 06/24/2020
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Culp, Inc. to Broadcast Fourth Quarter and Fiscal 2020 Conference Call Live on the Internet
- Culp, Inc. (CULP) today announced that it will provide an online, real-time webcast and rebroadcast of its fourth quarter and fiscal 2020 conference call on Thursday, July 2, 2020, 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 May 3, 2020. A press release announcing these results will be issued after the close of market trading on Wednesday, July 1, 2020.
- 06/19/2020
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Culp : to Broadcast Fourth Quarter and Fiscal 2020 Conference Call Live on the Internet | MarketScreener
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Coronavirus relief funds went to firms that avoided US taxes
- Last month Zagg Inc, a Utah-based company that makes mobile device accessories, received more than $9.4 million in cash from a US government program that has provided emergency loans to millions of…
- 05/28/2020
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U.S. taxpayers' virus relief went to firms that avoided U.S. tax
- By Tom Bergin and Lawrence DelevingneLONDON/BOSTON, May 28 (Reuters) - Last month Zagg Inc, a Utah-based company that makes mobile device accessories, ...
- 05/28/2020
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Tracking Prem Watsa's Fairfax Financial Holdings Portfolio - Q1 2020 Update (OTCMKTS:FRFHF)
- Prem Watsa’s 13F portfolio value decreased from $2.54B to $1.44B this quarter. Fairfax Financial’s largest three stakes are Atlas Corp., BlackBerry, and Kennedy
- 05/24/2020
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Investment Note: Culp
- The stock has taken an absolute nosedive, down almost 90% since its 2016 high, and also down 55% since the beginning of the year Continue reading...
- 05/20/2020
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Culp, Inc. (NYSE:CULP) Shares Sold by Bank of New York Mellon Corp
- Bank of New York Mellon Corp reduced its stake in Culp, Inc. (NYSE:CULP) by 19.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 91,628 shares of the textile maker’s stock after selling 22,773 shares during the quarter. Bank of New York Mellon Corp owned […]
- 04/25/2020
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Culp expands Covid-19 relief program, receives $7.6 million PPP loan
- Bedding fabrics maker is leveraging global manufacturing capacity to make gowns, health care bedding
- 04/23/2020
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Culp Expands Production of Critical Products in Support of COVID-19 Relief Efforts
- Culp, Inc. (NYSE: CULP) today announced updates to recent measures the company has taken across several locations in its global platform in North America and Asia to increase production of face masks, bedding covers, and fabrics for healthcare operations and consumer health. These additional steps include:
- 04/21/2020
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Dividend Challenger Highlights: Week Of April 12
- A weekly summary of dividend activity for Dividend Challengers. Companies which declared increased dividends. Companies with upcoming ex-dividend dates. Compani
- 04/11/2020
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Culp takes several fiscal measures, furloughs employees to weather coronavirus
- In addition to furloughing employees, the company slashed executive pay and sold its majority stake in eLuxury.
- 04/06/2020
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Culp Announces Cash Strategy and Business Update in Response to Covid-19, Including Sale of eLuxury and Withdrawal of Guidance
- Culp, Inc. (NYSE: CULP) announced today a series of proactive measures the company has taken to preserve balance sheet strength and reduce costs in response to increasingly challenging market conditions and the impact of the COVID-19 global pandemic. These steps include:
- 04/03/2020
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Is Culp, Inc.'s (NYSE:CULP) 5.6% Dividend Sustainable?
- Could Culp, Inc. (NYSE:CULP) be an attractive dividend share to own for the long haul? Investors are often drawn to...
- 03/31/2020
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Dividend Increases: March 21-27, 2020
- This weekly article series covers dividend increase announcements. A summary table provides relevant data and key statistics. As a bonus, I include ex-dividend
- 03/30/2020
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Dividend Challenger Highlights: Week Of March 29
- A weekly summary of dividend activity for Dividend Challengers. Companies which declared increased dividends. Companies with upcoming ex-dividend dates. Compani
- 03/28/2020
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Culp will reorient production to make critical health care products
- High Point-based Culp Inc. (NYSE: CULP) today announced it has reprioritized some of its operations to manufacture critical products needed for health care, essential infrastructure and public health. Culp will manufacture face masks and fabrics for masks, as well as bed covers for hospitals and other fabrics used for mattresses and furniture products supplied to health care facilities, nursing homes, emergency shelters, hotels and other residential facilities.
- 03/26/2020
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Mohawk's Flooring Business Strong Amid Coronavirus Mayhem
- Mohawk Industries (MHK) is set to gain from the portfolio expansion strategy, given notable acquisitions and cost-saving initiatives. However, coronavirus outbreak and soft ceramic market hurt.
- 03/25/2020
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Tracking Prem Watsa's Fairfax Financial Holdings Portfolio - Q4 2019 Update
- Prem Watsa’s 13F portfolio value increased from $2.17B to $2.54B this quarter. Fairfax Financial’s largest three stakes are Atlas Corp., BlackBerry, and Kennedy
- 03/14/2020
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Culp quarterly sales down; coronavirus not blamed despite ties to China
- High Point-based Culp Inc. (NYSE: CULP), one of the world's largest marketers of mattress fabrics for bedding and upholstery fabrics for residential and commercial furniture, has announced lower-than-expected sales for third quarter fiscal year 2020. For the quarter ended Feb. 2, 2020, net sales were $72 million, down 6.8% from $77.2 million the prior year, with mattress fabrics sales down 7.4%, upholstery fabrics sales down 5.7%, and home accessories sales down 11%. Rather than coronavirus, the company cited greater-than-expected impacts from holiday shutdowns in China and Haiti, and continued softness in the market.
- 03/09/2020
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Outlook for Textile-Home Furnishing Stocks Appears Bright
- Although input cost inflation and a tight labor market are challenges for the Textile-Home Furnishing industry, the housing market rebound and increased construction activity will drive growth.
- 03/06/2020
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Culp Announces Results for Third Quarter Fiscal 2020
- Culp, Inc. (NYSE: CULP) today reported financial and operating results for the third quarter ended February 2, 2020.
- 03/04/2020
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How Triad's public companies fared during markets' troubling week
- Only two of the Triad's publicly traded companies saw a rise in their stock price last week.
- 03/02/2020
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Culp, Inc. to Broadcast Third Quarter Fiscal 2020 Conference Call Live on the Internet
- HIGH POINT, N.C., Feb. 28, 2020 -- Culp, Inc. (NYSE: CULP) today announced that it will provide an online, real-time webcast and rebroadcast of its third quarter fiscal 2020.
- 02/28/2020
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How the Triad's publicly traded companies did on market's worst day in two years
- The spreading coronavirus rattled markets across the globe Monday, including on Wall Street. The S&P; 500 fell 3.4 per cent, its worst day since February 2018. The Nasdaq dropped 3.7 per cent and the Dow was down 1,000 points, a loss to close the day 3.
- 02/25/2020
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Should We Worry About Culp, Inc.'s (NYSE:CULP) P/E Ratio?
- This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios...
- 02/24/2020
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Culp Announces Revised Expectations, Anticipated Non-Cash Intangible Asset Impairment Charges, for Third Quarter Fiscal 2020
- Culp, Inc. (NYSE: CULP) today announced that, based on unaudited preliminary results and current estimates, the company expects pre-tax loss (GAAP) to be in the range of $(5.4) million to $(5.1) million for the third quarter of fiscal 2020. This includes a reversal of a $6.1 million recorded contingent earnout liability, as well as non-cash impairment charges of approximately $13.6 million relating to the home accessories division (discussed below), resulting in a non-cash net charge of approximately $7.6 million. Excluding the gain from the contingent earnout liability reversal and estimated impairment charges, adjusted pre-tax income (non-GAAP) is expected to be in the range of $2.2 million to $2.5 million (see reconciliation table on page 4). These projected results are lower than the company’s previously announced expectation of $3.2 million to $3.8 million in pre-tax income for the third quarter, which excluded any restructuring and related charges or credits, contingent earnout liability reversals, and impairment charges. Sales and profitability for the third quarter of fiscal 2020 are lower than the company’s previously announced outlook, with overall sales and all three business segments’ sales now expected to be down moderately as compared with the third quarter of last year. Profitability is now expected to be moderately down for the upholstery fabrics segment and significantly down for the mattress fabrics segment as compared with the third quarter of last year.
- 02/18/2020
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Prem Watsa's Top 5 Buys of the 4th Quarter
- Canadian investor’s largest new holding is Fitbit Continue reading...
- 02/14/2020
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Investors Who Bought Culp (NYSE:CULP) Shares Three Years Ago Are Now Down 61%
- The truth is that if you invest for long enough, you're going to end up with some losing stocks. Long term Culp, Inc...
- 01/23/2020
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Triad fabric marketer earns award for achieving landfill-free status at local plant
- A bedding and upholstery fabric maker is working toward achieving bast sustainable practices at its plants worldwide.
- 01/22/2020
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Dividend Challenger Highlights: Week Of January 12
- A weekly summary of dividend activity for Dividend Challengers. Companies which declared increased dividends. Companies with upcoming ex-dividend dates. Compani
- 01/11/2020
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Is There An Opportunity With Culp, Inc.'s (NYSE:CULP) 42% Undervaluation?
- Does the December share price for Culp, Inc. (NYSE:CULP) reflect what it's really worth? Today, we will estimate the...
- 12/31/2019
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Should You Buy Culp, Inc. (CULP)?
- "Since 2006, value stocks (IVE vs IVW) have underperformed 11 of the 13 calendar years and when they beat growth, it wasn't by much. Cumulatively, through this week, it has been a 122% differential (up 52% for value vs up 174% for growth). This appears to be the longest and most severe drought for value […]
- 12/20/2019
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With A 3.4% Return On Equity, Is Culp, Inc. (NYSE:CULP) A Quality Stock?
- Many investors are still learning about the various metrics that can be useful when analysing a stock. This article is...
- 12/03/2019
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CULP, INC. TO BROADCAST SECOND QUARTER FISCAL 2020 CONFERENCE CALL LIVE ON THE INTERNET
- HIGH POINT, N.C., Nov. 27, 2019 -- Culp, Inc. (NYSE: CULP) today announced that it will provide an online, real-time webcast and rebroadcast of its second quarter fiscal 2020.
- 11/27/2019
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