Earnings ·
Culp, Inc. reported first-quarter fiscal 2027 results for the period ended August 2, 2026, showing consolidated net…
CULPCulp Inc
Culp, Inc. reported first-quarter fiscal 2027 results for the period ended August 2, 2026, showing consolidated net sales of $54.0 million, a 6.5% increase from the prior-year period's $50.7 million. Net income was $6.0 million, or $0.47 per diluted share, compared to a net loss of $231 thousand in the prior year. The company achieved an over 70% reduction in net debt, lowering it to $3.1 million from $10.9 million at fiscal year-end, while maintaining $10.2 million in cash and total liquidity of $29.4 million. Adjusted EBITDA improved to $566 thousand from a negative $938 thousand in the prior-year period. The company expects break-even operating income for the second quarter. Culp, Inc. is a leading provider of fabrics for bedding and upholstery applications.