Culp, Inc. Files 8-K on Financials

TL;DR

Culp Inc. dropped an 8-K detailing its financial results. Check it out.

AI Summary

Culp, Inc. filed an 8-K on March 6, 2024, reporting on its financial condition and results of operations. The filing includes financial statements and exhibits related to the company's performance.

Why It Matters

This filing provides investors with updated financial information and operational results for Culp, Inc., crucial for assessing the company's current health and future prospects.

Risk Assessment

Risk Level: low — This is a routine financial filing and does not indicate any immediate or significant risks.

Key Players & Entities

• Culp, Inc. (company) — Registrant
• North Carolina (location) — State of Incorporation
• March 06, 2024 (date) — Date of Report

FAQ

Key Financial Figures

• $0.05 — ch registered Common stock, par value $0.05 per share CULP The New York Stock E

Filing Documents

• culp-20240306.htm (8-K) — 63KB
• culp-ex99_1.htm (EX-99.1) — 2276KB
• img29555247_0.jpg (GRAPHIC) — 4KB
• 0000950170-24-027217.txt ( ) — 2536KB
• culp-20240306.xsd (EX-101.SCH) — 23KB
• culp-20240306_htm.xml (XML) — 4KB

02 – Results of Operations and Financial Condition

Item 2.02 – Results of Operations and Financial Condition On March 6, 2024, we issued a news release to announce our financial results for our third quarter ended January 28, 2024. A copy of the news release is attached hereto as Exhibit 99.1. The information set forth in this Item 2.02 of this Current Report, and in Exhibit 99.1, is intended to be "furnished" under Item 2.02 of Form 8-K. Such information shall not be deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing. The news release contains adjusted income statement information for the three and nine-month periods ending January 28, 2024, and January 29, 2023, respectively, which disclose adjusted loss from operations, a non-U.S. GAAP performance measure that eliminates items which are not expected to occur on a recurring or regular basis. For the three and nine-month periods ending January 28, 2024, these items include, as applicable for the period presented, restructuring-related credits, restructuring-related charges, and restructuring expense associated with the discontinued production of cut and sewn upholstery kits in Ouanaminthe, Haiti. For the three and nine- month periods ending January 29, 2023, these items include restructuring expense associated with the consolidation of certain leased facilities located in Ouanaminthe, Haiti, during the third quarter of fiscal 2023, as well as restructuring expense and restructuring-related charges associated with the exit of the company's cut and sew upholstery fabrics operation located in Shanghai, China, during the second quarter of fiscal 2023. The company has included this adjusted information in order to show operational performance excluding the effects of items not expected to occur on a recurring or regular basis. Details o

01 (d) – Exhibits

Item 9.01 (d) – Exhibits 4 EXHIBIT INDEX Exhibit Number Exhibit 99.1 News Release dated March 6, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 5

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized. CULP, INC. (Registrant) By: /s/ Kenneth R. Bowling Chief Financial Officer (principal financial officer and principal accounting officer) Dated: March 6, 2024 6

View Full Filing

View this 8-K filing on SEC EDGAR