Detail akcie Culp Inc online

Business Summary: 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.
Financial Summary: BRIEF: For the 39 weeks ended 28 January 2024, Culp Inc revenues increased 1% to $175.8M. Net loss decreased 67% to $9M. Revenues reflect Mattress Fabrics segment increase of 13% to $90.6M. Lower net loss reflects Mattress Fabrics segment loss decrease of 76% to $3.9M, Upholstery Fabrics segment income increase from $384K to $4.8M, Restructuring related charges segment income totaling $45K vs. loss of $1.4M.