Culp, Inc. Files 8-K on Financials

Ticker: CULP · Form: 8-K · Filed: Dec 4, 2024 · CIK: 723603

Sentiment: neutral

Topics: financial-reporting, sec-filing

TL;DR

Culp Inc. dropped an 8-K, check it for financial updates.

AI Summary

Culp, Inc. filed an 8-K on December 4, 2024, to report on its results of operations and financial condition, as well as to provide Regulation FD disclosures. The filing also includes financial statements and exhibits. No specific financial figures or operational details were provided in the excerpt.

Why It Matters

This filing indicates Culp, Inc. is providing updates on its financial performance and operational status to the SEC, which is important for investors to monitor the company's health.

Risk Assessment

Risk Level: low — This is a standard SEC filing reporting financial information and does not inherently present new risks.

Key Players & Entities

FAQ

What specific financial results are being reported by Culp, Inc. in this 8-K?

The provided excerpt does not contain specific financial results; it only indicates that the filing pertains to 'Results of Operations and Financial Condition'.

What is the primary purpose of this 8-K filing for Culp, Inc.?

The primary purpose is to report on Culp, Inc.'s results of operations and financial condition, provide Regulation FD disclosures, and include financial statements and exhibits.

When was this 8-K filing submitted to the SEC?

The filing was submitted on December 4, 2024.

What is Culp, Inc.'s principal executive office address?

Culp, Inc.'s principal executive office is located at 1823 Eastchester Drive, High Point, North Carolina, 27265.

Under which section of the Securities Exchange Act is this report filed?

This report is filed pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.

Filing Stats: 3,171 words · 13 min read · ~11 pages · Grade level 14.6 · Accepted 2024-12-04 16:30:20

Key Financial Figures

Filing Documents

02 – Results of Operations and Financial Condition

Item 2.02 – Results of Operations and Financial Condition On December 4, 2024, we issued a news release to announce our financial results for our second quarter ended October 27, 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 six month periods ending October 27, 2024, and October 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 six month periods ending October 27, 2024, these items include, as applicable for the period presented, restructuring related charges and restructuring expense associated with the gradual discontinuation of the mattress fabrics manufacturing operations in Quebec, Canada, the process of selling the facility located in Quebec, Canada, and the relocation of certain equipment from Quebec, Canada, to Stokesdale, North Carolina; restructuring expense associated with consolidation of the mattress fabrics sewn cover operation in Haiti from two buildings into one building; and restructuring expense associated with the rationalization of the upholstery fabrics finishing operation located in Shanghai, China. For the three and six month period ending October 29, 2023, these items include, as applicable for the period presented, a restructuring-related credit, restructuring related charges, and restructuring expense associated with the

01 Regulation FD Disclosure

Item 7.01 Regulation FD Disclosure On December 4, 2024, we posted a restructuring presentation to our website at https://culpinc.gcs-web.com/ (the "Restructuring Presentation"). A copy of the Restructuring Presentation is furnished as Exhibit 99.2 to this Current Report on Form 8-K and is incorporated into this Item 7.01 by reference. We expect to use the Restructuring Presentation from time to time, in whole or in part, and possibly with modifications, in connection with presentations to investors, analysts, and others. The information contained in the Restructuring Presentation is summary information that should be considered within the context of the company's filings with the Securities and Exchange Commission ("SEC") and other public announcements the company may make by press release or otherwise from time to time. The Restructuring Presentation speaks only as of the date of this Current Report on Form 8-K. We undertake no duty or obligation to publicly update or revise the information contained in the Restructuring Presentation, including, without limitation, any targets, estimates, goals, or other forward-looking statements, although we may do so from time to time. Any such updating may be made through the filing of other reports or documents with the SEC, through press releases, or through other public disclosure. The Restructuring Presentation contains statements intended as "forward-looking statements" that are subject to the cautionary statements about forward-looking statements set forth on page 2 of the Restructuring Presentation. By furnishing the information contained in this Current Report on Form 8-K, including Exhibit 99.2, we make no admission as to the materiality of any such information. 5 The information in this Current Report on Form 8-K, including Exhibit 99.2, is being furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject t

01 (d) – Exhibits

Item 9.01 (d) – Exhibits 6 EXHIBIT INDEX Exhibit Number Exhibit 99.1 News Release dated December 4, 2024 99.2 Restructuring Presentation 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 7

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 December 4, 2024 8

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