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.

Culp, Inc. announced its financial results for the fourth quarter and fiscal year ended May 3, 2026, via a news release. The filing includes disclosures regarding non-GAAP performance measures including adjusted loss from operations, net debt, net cash flow, adjusted EBITDA, and adjusted free cash flow. Culp, Inc. operates in the home furnishings industry, manufacturing and supplying textile-based products for bedding and upholstery.