SEC Form 10-Q filed by Culp Inc.

Culp, Inc. (NYSE:CULP), a leading provider of fabrics for bedding and upholstery fabrics for residential and commercial furniture, today announced the completion of the sale of its mattress fabric manufacturing facility in Quebec, Canada. The transaction occurred in the first week of the Company's new fiscal year and marks the completion of the restructuring plan announced approximately one year ago. The purchase price for the facility was CA$8.6 million (USD$6.2 million), with CA$2.0 million (USD$1.4 million) received at closing and the balance to be paid with interest over the course of six to 12 months. The Company currently expects to realize approximately $3.0 to $3.5 million in cash p

Culp, Inc. (NYSE:CULP), a leading provider of fabrics for bedding and upholstery fabrics for residential and commercial furniture, today announced the strategic transformation of its operating model to further position the Company for flexibility and growth. The Company will combine its two stand-alone operating divisions, Culp Upholstery Fabrics and Culp Home Fashions, into a single, integrated business designed to optimize operational agility and collaboration, further streamline costs and processes across its business, and, most importantly, increase responsiveness to customer needs and market trends. As an initial step in this integration, the Company will close the leased facility ope

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. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250305577036/en/Culp, Inc. announced the election of William L. Tyson to its Board of Directors. (Photo: Business Wire) 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 financial ins

Culp, Inc. (NYSE:CULP), a leading provider of fabrics for bedding and upholstery fabrics for residential and commercial furniture, today announced the completion of the sale of its mattress fabric manufacturing facility in Quebec, Canada. The transaction occurred in the first week of the Company's new fiscal year and marks the completion of the restructuring plan announced approximately one year ago. The purchase price for the facility was CA$8.6 million (USD$6.2 million), with CA$2.0 million (USD$1.4 million) received at closing and the balance to be paid with interest over the course of six to 12 months. The Company currently expects to realize approximately $3.0 to $3.5 million in cash p

Culp, Inc. (NYSE:CULP), a leading provider of fabrics for bedding and upholstery fabrics for residential and commercial furniture, today announced the strategic transformation of its operating model to further position the Company for flexibility and growth. The Company will combine its two stand-alone operating divisions, Culp Upholstery Fabrics and Culp Home Fashions, into a single, integrated business designed to optimize operational agility and collaboration, further streamline costs and processes across its business, and, most importantly, increase responsiveness to customer needs and market trends. As an initial step in this integration, the Company will close the leased facility ope

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 fabrics operating performance, with a 58.3 percent sequential reduction in operating loss on lower sales (following a 70.7 percent sequential reduction last quarter) Continued profitability in upholstery fabrics segment in extremely

4 - CULP INC (0000723603) (Issuer)

4 - CULP INC (0000723603) (Issuer)

4 - CULP INC (0000723603) (Issuer)