Culp, Inc. Reports Earnings Results for the Full Year Ended April 28, 2024
June 28, 2024 at 01:48 am IST
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Culp, Inc. reported earnings results for the full year ended April 28, 2024. For the full year, the company reported sales was USD 225.33 million compared to USD 234.93 million a year ago. Net loss was USD 13.82 million compared to USD 31.52 million a year ago.
Basic loss per share from continuing operations was USD 1.11 compared to USD 2.57 a year ago. Diluted loss per share from continuing operations was USD 1.11 compared to USD 2.57 a year ago.
Culp, Inc. is a marketer of mattress fabrics for bedding and upholstery fabrics for residential and commercial furniture. The Company markets a variety of fabrics to its global customer base of bedding and furniture companies, including fabrics produced at the Company's manufacturing facilities and fabrics sourced through other suppliers. The Company operates through two segments. The mattress fabrics segment markets primarily knitted and woven fabrics, as well as sewn covers made from those fabrics, which are used in the production of bedding products, including mattresses, foundations, and mattress sets. The upholstery fabrics segment markets a variety of fabric products that are used principally in the production of residential and commercial upholstered furniture, including sofas, recliners, chairs, loveseats, sectionals, sofa-beds, and office seating, as well as window treatment products and installation services for customers in the hospitality and commercial industries.
CULP, INC. 
